The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-06-23


iabeied Or planned AZ such.
The output q This plant n to exccc'
that 81 motor car, and Il Is elee
fully predicted ~ the enthuslassi
cisseens 81 Detroit. mat the For,
tractor win drive The peer old hcrs
from the farm. while socioloeists NJ,
pnasAlinE about Ford's theories II
naneicFs ard people acnernny ar
speculasine on what ne IL doing VIII
hia money. which according 20 "a
Boston News Bureau. rapidly n
reaching and Don viii pass TN
wealth Of John d. Rockefeller. Fol
iowinr the recent Fora dividend
which created an International sen.
%saticn. a Detroit News writer wrot'
the following speculative article OF
Ford and his moneys
when enc attempts nm estlmat,
OF the wealth o. Henry Fcrd, the zen.
ter Of interest u the worlds o. indus.
Try and spciology today. and asks
what he does with his money. one
gets into ssncelvabie Ogures In the
nrst acepn. and chascs a rainbow
IN the second. His closrst associates
know little more than the man on
the streets.
The Ford Motor co. declared q
tts, Ooo.o stock dividend and the
share allotted 20 lie pre- .aent IL IS
per cent. or approximately es,OOO.-
ooo in new stock. Likewise. the com
pany has declared a huee cash divI-
dsnd. How much the bankers do not
know. because this year the stock
holders we're notified that the
amounts due them had been placed
20 their credis in the Highland Park
state bank, whose directors are also
directors OF the Ford Motor co.
There were no dividend checks com
Ing down for deposit In the Detroit
banks Therefore the banks have no
first hand Information by which to
determine the dividend paid.
Ford Stockholders prefer to keep
the a amount Of their dividends
secret. because the announcement
would only bring a flood OF begging
letters and calls.
In one cash dividend Of 500 per
cent Henry Ford received IS. 600
Of the amount distributed among the
eight stockholders Of the company.
He has accumulated millions and
shey are on deposit all over the UnIs-
ed States. How much A question
probably nnswerable only BY Henry
Ford.
Assuming that the stock OF tho
Ford Motor co. pays regularly 500
per cent. the bankers estimate the
value OF Henry Ford's holdings e
the present capitalization OF 81. 0o0.-
500 at t5s 900. zoe. on a basis Of an
ordinary 10 per cent net e. the own
er. OF usj.OOO,ooO at 8 per cent.
Aside from a Few thousand acres
In Gaukler Poin; and the estate in
Dearborn; 1900. 600 in Detroit mu-
n'cipal bonds and approximately So
900. 600 IN the Detroit General hospi-
tai, no large Investments of Henry
Ford have come TO light. Although
he paid fabulous prices for the lands
he acquired. the total Of the invest
ments named could scarcely exceed
10000. 900.
Several Detroit banks have Mr.,
Ford's personal accounts. He il q
director in the Dime savings bank.
and James Couzens Is a director Of
the National Bank 81 Commerce,
where the Ford Motor CO. keeps one
OF It's accounts.
Undoubtedly Mr.. Ford has con
~triubted millions 10 private charities
investigated by his " hlgh-salarled
specialists In the employ of the com.
pany's welfare department 10 assist
In improving the living conditions Of
Ford workers But his charity II
done quietly, of'en with the express
provision hat there shon be no pub
licity.
In the number ~ banks In which
he has %accosnts. Henry Ford is prob
ably the leader in the United States
He maintains his own hnnk IN Dear
born. the Dearborn State bank. Of
which he IL president
"Regarding mis- investments. here
are h widely divergent Views at Nv,
bankers:
" II does not seem possible hat o
man with the business ability Of
Henry Ford would allow his money
10 pile up In h banks re is des-
tined 20 be the wealthiost man IL
America. some dag the news 81 In
yestments he has mAde viii becom'
known. ge probat ; will have gon'
out and bought a couple OF counties.
| "And thed the uther extreme.
4 do not think Henry Ford has
taken much out u the business Of hi'
romuauy. Their hive baen fea