Word: fording
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Some say this. Some say that. But every one would like to have the railroads run with low rates, high wages, satisfactory profits. One of the great arguments that much could be done in achieving this kind of millenium has been what Henry Ford has achieved in the operation of his private railroad, the Detroit, Toledo & Ironton. Mr. Ford's operation of this road has often led to loose conclusions as to what could be done to improve railroad conditions by legislation, Accordingly, the Committee on Public Relations of the Eastern Railroads made an investigation to find out what...
...Last year was, nevertheless, the first time Mr. Ford got any considerable return from the road, whereas he has lost $98,207 net, for the entire period of his operation...
...conclusion the report declared: "An analysis of the reports filed by the Detroit, Toledo & Ironton with the Interstate Commerce Commission clearly shows that it is being operated as a 'plant facility' to the Ford Motor Co. . . . The Ford Company has exercised its power in both directions, both as a purchaser of goods shipped into Detroit and as a shipper of manufactured products out of Detroit. In brief, the one important factor in the increased traffic of the Detroit, Toledo & Ironton since 1920 has been the tonnage diverted to it by the Ford Motor Co., which might otherwise have gone...
...Ford, satisfying himself perfectly...
...Edward Aloysius Rumely-who had been a friend of Roosevelt, and of Henry Ford-M.D., educator, farm machinery manufacturer, went to jail for what he failed...