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Blood In The Boardroom, Part Three

Blood In The Boardroom, Part Three

Forrest Keeton’s plans for transforming the moribund Keeton Company

imagesinto a taxicab manufacturing enterprise in 1923 were stillborn resultant of an inability to attract investors. However, at the very least Keeton had proven to be tenacious as well as persistent as he had initially founded the Keeton Town Car Works in Detroit, Michigan for the manufacture of taxicabs in 1908.

Resultant of under capitalization, Keeton entered into a limited partnership with Jewel Motor Car Company of Massillion, Ohio for the manufacture of the taxi he had designed. Production of the Jewell-Keeton taxi had barely commenced when Herbert A. Croxton, the primary financial backer for Jewell, reorganized the company as Croxton-Keeton Motor Car Company. (more…)

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Blood In The Boardroom, Part Two

Blood In The Boardroom, Part Two

Part Two

YellowIn spite of the companies forward thinking leadership, initially vision pertaining to the long-range potential in the burgeoning taxi industry was largely myopic, as was an understanding about the changing nature of competition. .

However, entrepreneurs such as Charles A. Coey were quick to grasp that potential. In 1902, Coey established an automobile “livery” and the cities first parking garage for automobiles, and in 1907, John Daniel Hertz Sr. moved from selling pre-owned cars to using them, and leasing them, as cabs. Within the first years of the 20th century, there were seven taxicab companies established in Chicago that operated more than one hundred vehicles. There were also a countless number of independent operators. (more…)

Blood In The Boardroom

Blood In The Boardroom

In the city of Chicago, well-organized livery and carriage service companies

An Early Electric Taxi

Photo Library of Congress

took to the streets almost as soon as the city was established. One of the earliest of these companies, Parmelee Transportation Company established in May 1853, would play a key role in the development of America’s most famous manufacturer of taxicabs, pioneer the use of the horseless carriage as inner city taxis, and serve as the foundation for the building of empires. (more…)

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