The Fort Dodge Messenger: June 19, 1903
New Company is Organized
De Loura Auto Manufacturing Company Adopts Articles of Incorporation Thursday Afternoon.
It is Capitalized at $30,000.
$25,000 of this Amount is Paid up – Officers and Directors Are Elected At Meeting On Thursday – Plans for Opening Plant.
The De Loura Auto Manufacturing company, the latest addition to the industries of Fort Dodge, was organized and its articles of incorporation drawn up at a meeting of stock holders in the rooms of the Commercial club on Thursday afternoon. The company is capitalized at $30,000, with $25,000 paid up.
Officers and directors were elected as follows:
President, J.H. Abel.
Vice President, L.E. Armstrong.
Secretary and treasurer, F.C. Minogue.
Manager, H.E. De Loura.
Samuel Emms, of Perry.
It is expected that by the first of next week answers will be received from the parties from whom references with regard to Mr. DeLoura’s character are expected. If these replies are of the favorable character which is expected, the company will pay Mr. DeLoura $3,000 and he will at once come to the city from Perry and let contracts for the new buildings and prepare to place his plant in operation, which he hopes to do within thirty days.
The stockholders of the new company, aside from those already mentions in the list of officers and directors are as follows:
W.S. Putman of Des Moines
F. T. Clark
(Editor’s note: The inflation calculator converts $3,000 to $71,848; $25,000 to $598,737; and $30,000 to $718,484.)
Tags: 1903, Abel, Ackerman, Alton, Armstrong, Clark, De Loura, DeLoura, Emms, Feltz, Fessel, Flaherty, Gleason, Haire, Healy, Jensen, Larson, Leighton, Minogue, Moeller, Putman, Sherman, Tierney, Wakeman