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Show f mill mm 1 - nun CONTROL ' President of Company in Official Statement Sets Out Conditions. BUSINESS EXPANDING Company Is Now Second Largest Manufacturer of Autos in World. rntnre?t in tlie W'illvs-Overhunl company com-pany showed a decided increase with the recent publication of an authentic interview pivpn hv president .holm N. Willys ay to the future plans of the company and the fact that he will con-tintip con-tintip to personalty control and direct its affair:, as in the past. The interview in J nil follows: The present Willys-Overland company sin-reeded to the business of tjie Overland Automobile com-AV com-AV pany iu U1!-. In lfii?, just before my connection with the' Overiand Automobile ..-o in pany, its invested capital anion nterj to only about "00, since vhi-h period it and its successor company, the Willys-Oxer Willys-Oxer land company, has increased until at t he present time it has net c assets of approximately $7d,d0hy O'JO, which includes the amount received re-ceived from the recent sale of new stock. Increase Is Amazing. " The production of t he company has increased from -MM cars during J DOS to P,"),i":no cars during the six months from .lauuary I to June ;0, lfllfi, and it is at this time m about. 20,000 cars behind -in actual deliveries. The buildings of the company at Toledo occupy an area of " .108 acres and are practically new, being be-ing principally of reinforced eon-j eon-j cretc i-on struct ion and equipped with the most modern machinery. The Toledo plant alone employs . IS,00i) men. while, in all the plants there are employed o,0UU men. Next (o the Largest. By the end of the present year all construction and additions to e-juipmeut necessary to give the W il lys-Overland company an annual' an-nual' capacity nf 300,000 cars will r have been completed, the total out- lav for which will be less -than fo,000,00i)( and this will tcrminato the company's policy of expansion which has 'made the YV illys-Ovcr- land company the second largest manufacturer of automobiles in the world. From this time on, the time, experience and ability of this organisation will be devoted to reducing re-ducing costs, increasing efficiency i and improving production. On Solid Basis. i The recent, sale of liOO.OOO shares of the common slock has placed the company in such a financial pnsi-'.' pnsi-'.' lion that no further increase of its preferred or common stock will be required for ihe carrying on of its present' business or for taking care of its probable growth. L'pon pay- men t tor the new stock the com pany will have more than $30,000,-OoO $30,000,-OoO of cash on hand and more than i $25,000,000 of other quick assets. j I own more than the majority of the common stock of the' Willys- ' |