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Updated: August 5, 2026
Bankers began to sit up, take notice, and feed finance to this swelling industry, which had emerged from fadhood into the definite, serious proportions of a great national business. The reign of the inventor-producer became menaced, because men of trained and organized efficiency in other activities joined the ranks of the motor-makers.
The whole scope of the tool business is broadened. In the old days which means, in the automobile business, about ten years ago an order for ten turret-lathes was considered large; now the motor-makers order seventy-five at a time by telegraph, and do not regard it as more than part of the day's work.
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