Show DURANT RECOUPS MOTOR FORTUNE Auto Industry Watches Developments tray r Join oin Units NEW YORK TORE March 22 Sy 22 ByThe The Associated The Press Press The at- at attention attention at attention o ot of the world of ot finance and motors today was focused on William C Durant as the tho possible organizer of another huge com com- combination combination In la the automobile Indus Indus- Industry industry Industry try Such a development has been foreseen by the observe observers who ho have o held that the position ot of leadership attained by the tho Gen Gen- General Gen General eral cral Motors corporation would either result in elimination o of sonic some of ot the Independent com com- companies com com- companies companies or force another extensive consolidation Durant announces that he will make public April 7 plans that wilt will startle the Industry and prove most emphatically that Durant Is back on the job fob Already he has the tho nucleus o of ofa ofa a formidable combination through his ownership o of the Flint Durant and Star corpora corpora- corporations corporations corporations Twice head o ot of tl the the tle e General Mo- Mo Motors Mo Motors Io- Io tors corporation which he ho organized or- or organized or organized and twice retired from control under stress o of adverse business conditions ho has now recouped his fortune largely through daring bull speculation In aha shares res ot ol the same concern Injured In a a railroad wreck In Inthe inthe Inthe the south a year ago he directed some of his stock market opera opera- operations operations operations from front a hospital bed In two years he ho Is III reputed to have won back most o of the fortune he lost In 1920 when then he was forced to unload his moldings tn in General Motors at ruinous prices price Now back on his feet both physically and financially his friends friend and associates say he ho Is preparing to carry war Into the General Motors camp |