The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1914-07-11
Detroit Manufacturer Declares
No Honest Man Need Conduct
Business on Such a Basis
HOLDS AN IMPR0MPTU
RECEPTION TO SENATOR'S
Talks of New Car, and Praises
Wilson Administration for
for Its Policies
RAYMOND W. PULLMAN,

MetropoEtan Bank Building.
| WASHINGTON, July l0-Declarlng
that the practice OF Issuing watered
stock ia one OF the greatest evils or
the present day Henry Ford. Detroit
automobile manufacturer, today prals-
ed the efforts which the Wilson ad-
ministration is making TO correct TINS
and other evils and discussed MS
plans for a better and lower priced
automobile with The Times CORE
spondent
After a stay OF two and
half days in Washington. Mr. Fora
will leave the city for Detroit this AIT
lernoon, going by way OF New YORK
where he will meet his business repre-
sentatives and try 10 visit with John
Burroughs. the great naturalist and
his intimate friend Mr.. Burroughs
Lives al West Park which is near New
York. During the brief time he mas
been in washington, Mr.. Ford has not
only occupied the central position IN
one OF the most important conferences
held at the presidents invitation dur
| ing the present administration, but the
Detroit manufacturer has been sought
out by scores OF men prominent IN pub
lie life who were anxious TO meet him.
Mr.. Ford has been the guest OF Sen.
ator William Alden Smith during most
OF the time that he has been In Wash
ington. and at the night sessions OF
the senate last night the prominent
Detroiter, who went 10 the capitol TO
see the legislative wheels go round.
was pulled TITO the marble room and
compelled 10 hold an impromptu re-
ception lasting almost an hour when
practically all OF the senators present
Of both parties were introduced TO him.
"lt Is true said Mr.. Ford this
morning, In speaking Of future plans
that Thomas A. Edison and | have
been working together for some time
on a popular-priced electric car. IL Is
possible In my opinion TO manufacture
an eficiant electric car which can be
placed on the market at about the
same figure as the lowest-priced gaso-
line car. providing the car ia perfected
when n goes on the market and Is
manufactured in sufficiently large
quantities TO lower all costs. ] can
not say az this time just when II will
be possible 20 put this popular priced
electric on the market.
Our company's proflt-sharing plan
has worked out successfully In every
way" said Mr.. Ford in answer 10 a
question Higher wages make for
efficiency throughout all departments
OF our factory Costs will be constant
ly reduced with our present high scale
OF wages. and ultimately II may be
possible 70 give the public even a low.
err priced and at the same time better
car than We are giving at present. al
though our plan has been working for
so short a time H. IL not possible 20
say how soon the producing efficiency
resulting from our proflt-sharing plan
may make II possible 70 lower the
price OF our product. What we have
worked for throughout all the years
IS TO put on the market in large guam
titles, the best and most efficient small
car. and not the cheapest car. The
lowering OF price comes naturally with
the increase OF output and the lower
ing OF manufacturing costs"
Our compsny's business does not
show bad financial conditions over the
country have in my pocket a sum-
mary OF our sales for the period from
October TO June 10 for 1914 and they
show an increase OF 80 per cent over
the record for the same months In
1913. told the president this yes
terday.
81 think that President Wilson will
have done one OF the greatest things
ever attempted by any president II
during his administration congress
passes the proposed trust law putting
ar end 10 the watering OF stock This
practice is one OF the greatest evils OF
business today. and I say now what |
have always said that no honest bus,
iress concern ever has need OF water
ing it's stock. Yes. I like Wilson for
everything he has done so far TO bet.
ter conditions in this country, and
think that he Rs making a great presi-
dent"
Mr.. Ford humorously told how be
slipped into the national capital We'd
nesday morning and managed 10 keep
both his business representatives and
the newspaper men in the dark as 10
his whereabouts until Thursday al
noon. when he went 70 the White
House TO keep the engagement with
the president. His success In keeping
the fact Of bis presence in Washington
unknown for so long a time caused
! him 70 chuckle so with merriment,
/ that on the impulse OF the moment be
decided TO carry n one step further
and deny his identity when he first
arrived az the White House. yesterday
! at noon.
Il came 20 Washington early on
Wednesday" laughed Mr.. Ford, this
morning "and went Immediately 10 a
small hotel near the union station
and registered as A. Henry. Because
I I was tired after the long night ride
from Detroit, slept all day until
in the afternoon. II Is one OF my
rules OF living, you know 10 get suf-
ficient rest. ! may be able to work
all night sometimes when have
something which ! want 20 finish. but
| always make up for the sleep lost