Show Saxon Company Two Plans PlaIts for or Organization Detroit March Stockholders 20 29 of or orthe the tho Saxon Motor Car corporation will meet soon to pass on two plans of reorganization ru- ru organization or proposed by a n committee of or Detroit and Chicago bankers rt representing seating the cre creditors Tho The corporation has haa an indebtedness of oC JJ 2 and ono one plan Is IB to lov levy y an tin assessment on un tho the stockholders of or that amount HO so that the corporation can start again with a clean cl an slate Tile TJI other plan provides for a now new ing in which there would bo be of common stock In pro pro- furred stock and of oC bon bonds s Under this plan creditors would bo ho Paid palli in common stuck stock the th preferred stock Block and bonds being bolus offered to the thu public for sale Tho The Saxon Motor 1 company was started start starl- ed cd with small mall capital b by former stockholders stockholders stock stock- holders of oC tho the Chalmers Motor com company pan It went ahead all aller very er rapidly La Later tor It was financed in pow New ow York the capital bring being greatly increased and a cr very expensive plant was WIlS begun Financing difficulties caused this plant to be he besold besold sold and th the the company has operated In Ina Ina ina a limited wa way since t C nU r I 0 ON ca caI I n. In Tn till generator generate where carbon brushes arc are ut used n a certain ln amount of oC fine carbon dust dUAt is In Inevitably deposited 11 In n the the- bottom of or tho ho generator Thin Should be it blown o out t with stir whenever the tho periodic Inspection la III bully LeitH tirade made nii do |