AMERICAN LOCOMOTIVE COMPANY, a large manufacturer in the United States of steam. electric and Diesel locomotives and locomotive accessories; springs, tires and wheels for locomotives and railway cars; Diesel engines for marine, sta tionary and rail transportation purposes; complete oil refinery equipment including distilling, fractionating and treating plants; heat exchange equipment, water pipe lines, and fabricated plate work. Upon its incorporation under the laws of the State of New York on June io, 1901. it acquired by purchaie the plants and business of eight important locomotive manufacturing concerns, all of which had been in operation for many years. seven having been organized prior to 18; o, including the Schenectady Locomo tive Works, dating from 1848. In 1904 the American Locomotive Company acquired the Locomotive and Machine Company of Montreal, Ltd., now the Montreal Locomotive Works. Ltd. ; and in 1905 it acquired the Rogers Locomotive Works of Paterson, N.J. (organized in 1831).
In 1926 the company acquired the Railway Steel-Spring Com pany. incorporated in New Jersey. In 1929 the McIntosh & Sey mour Corporation of Auburn, N.Y., was acquired. an old and well established concern noted for its modern heavy duty marine and stationary Diesel engines. In 193o, a new subsidiary-, Alco Prod ucts, Inc., was organized. This subsidiary absorbed the heat ex change equipment business of the company and also offered to the refining industry a complete service for the engineering, designing and construction of oil refineries, including distilling. fractionating and treating plants. These three wholly owned companies were merged with the parent company, and their business is conducted by the Railway Steel-Spring Division. Diesel Engine Division, and Alco Products Division of the American Locomotive Com pany. In 1938, the company operated locomotive plants at Schenectady, N.Y., and Montreal, Canada; construction of oil re fineries, heat exchange equipment, water pipe lines. and fabricated plate work plant at Dunkirk, N.Y.; accessories plant at Rich mond, Va. ; steel tire and steel tired wheel, steel ingots. springs in plants at Latrobe, Pa.; Montreal, Canada, and Chicago Heights, Ill.; and Diesel engine plant at Auburn, New York. When incor porated in 1901 the company had a capital stock of $3o,000.000.00, consisting of 2 5o,000 shares of 7 % cumulative preferred stock and 250,00o shares of common stock. In 1926 (the year that Rail way Steel-Spring Company was acquired) the capital stock was increased to 385.00o shares of ; % cumulative preferred stock (with par value $100), and ; ; o,000 shares of common stock with out par value. At the close of 1938 the company possessed prop erty, less depreciation reserves, amounting to $35.800.; 33.06. The excess of current assets over current liabilities was $15,261, 906.4. The company had no loans payable and had in its treas ury $4.95 1.118.04 in cash and marketable securities. The executive offices are in New York City. (W. C. Dr.)