Word: edsel
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...Edsel Ford, always admirable in his restraint, has told General Johnson that he "will have no truck with collective bargaining", and father Henry insists that he has "nothing to say about the National Recovery Act". No one has proved that the Fords are violating the hour and wage scales prescribed by Washington, but they refuse to throw open their books to the National Automobile Chamber of Commerce, and this, since they are not members, is reasonable enough. General Johnson, however, is eager for a test of his much touted enforcement machinery, and there is little doubt that he will visit...
...into an "old times party" at the Ford Laboratory in Dearborn and slapped into the lean hands of Henry Ford a long-delayed subpoena ordering him to appear and testify in a suit brought by a onetime Philadelphia Lincoln agency. Henry Ford never testified, but he and his son Edsel furnished depositions in which they denied, as they have always done, any agreement to pay off Lincoln's former creditors and stockholders. Last week an eleven-man jury (one was dismissed for expressing his opinion of Henry Ford ) ordered Ford Motor Co. to pay Sweeten Automobile...
...most willing witness was Wilfred Leland Sr. One night, he testified, Edsel Ford had summoned him for a conference on the Lincoln sale. Son Edsel told him to come by a back road and enter the Ford mansion through a side door. During the conference Mr. Leland confided that he was dickering with Manhattan bankers and Henry Ford thereupon promised to buy the company. But Mr. Ford shrewdly advised Mr. Leland that he "should continue to negotiate, however, and should dress shabbily, go unshaven for two or three days, so as to appear poor and discouraged about the affair...
What Mr. Ford proposed to do about it he kept strictly to himself all last week. He was on vacation in his 16-room, copper-roofed "cabin" (cost: $100,000) at the Huron Mountain Club in the wilds of northern Michigan on Lake Superior. Son Edsel was taking his ease at Seal Harbor, Maine. One day the elder Ford was driven in one of his V-8's 35 mi. to Marquette to telephone Edsel. He put the call through from a private room at the Northland Hotel. As he ambled out, newshawks swooped down...
Waiting their turn until Edsel Ford should get his charter from the Comptroller of the Currency, Emory W. Clark and Col. Frederick M. Alger stood prepared to offer a plan for reorganizing the First National with a loan of $30,000,000 from the R. F. C. and subscriptions to common stock by depositors. The reorganized First National would pay an additional 25% dividend to depositors of the old bank, would eventually merge with National Bank of Detroit...