The Detroit times., 1916-11-04

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present basis. or less n any differ
euce, that there VIII b" no break In
oar success.
And how do We propose doing Il.
Flrst we are RoinE 20 expand hy in
creaAiug tho output - our present
models and then by making trucks
40 sane business man VIII deny thal
there IL a great demandf or trucks or
tho tNpt We are building and at the
price $50 will br able 20 oNer them.
j. ~ Tccl llessness 10 furnish an artl-
Gle for which there IL sure demand,
when you rau du 80 al "A reasonable
pruut' No are using some of our
money in expand that branch or the
business witch viii employ some
tllrA ukc 10000 men.
We rt"ud making our own iron.
W. have already contracted for blast
rurnHcrs 90 be built at tho River
Rouge Tbuy VIII be- followed by mix
rrs which viii insure Ms an even
grade ot ron by = simple process
a plant go modern and complete. 80
conveniently arranged that We VIII
hc able 20 get our iron even below
90 he able then 10 AFFORD a still FUR
th"r reduction in the price OF the
car
The charge that We are going into
the mining business lent true;
thought al one time that We might
Iav, 20 but have had thorough In
Nestigation made and have concluded
That There ~ competition enough IN
tho output of the mines 90 enable us
tu buy ore az reasonable prices. go
reasonable that / don't deem II good
husiuc-R Judgment 20 buy mines
now II conditions should change, ]
shouldn't hesitate 90 go into that
branch too. oT any branch that would
help ms 20 produce "A cheaper and
better car
have always wanted 20 have
enough each 10 swins, our purchase
without borrowing have always
been oppusrd 20 going 70 Wall street
because ! don't want them 10 get our
hide We are not afraid OF them be-
cause We have the cash assets. The
ash cnablos us 10 get all our mater
lula az tho lowest prices.
How much money did Dodge Bros
ever put into the business Mr.. Ford
was asked
Ten thousand dollars. but don't
think any OF 10 was In cash. There
may have been n check for some
tho books viii show thAt-but my
recollection Is that 70 was largely II
not entirely nut In in work.
And what dividends have they had
on thut'' was asked
Nr Ford consulted the bookkeeping
department and replied They were
lu Rt thr start. and they have had
90, .druds since 1903. amounting 20
total ui ta.51l.iO0 IN cash paid 10
them They have already drawn that
thousand dollar Investment, and stlll
have no per cent interest In tho
business, which they claim is worth
u uuu 600 FOR their share.
don't think they can complain
aus ru q policy OF expansion" when
that expansion has enabled them 20
draw over n,c and a hair million on
f,u Thousand and sttll have holdings
."fh S.o"eo'"o On their own valus-
It.stdes that during this time We
have paid them over t27000.000 IN
cash for materials and parts made
Ton us oU which 2 believe they made
a prunt of a. least $50. 600 900, and
~ is ON the profits u these payments
aud tu. dividends drawn from the
Ford Motor Co. that their present
large tuIfuue a. built
Tho, ssN wH course is likely 20
rIUr. Them They own 10 per cent
az 'h. stock and ! own - per cent.
can't lnluro them SO without at
the same tim iu luring myself SIS,
and . don thlUi, any one can reason
ably ar"us" Wc ~ pursuing such
CuNrSr. Ms present course ~ pre-
riSrfy tu iinr with what we have
been doing On IN" past and nowhere
u,Ar az y-rturesome
Alfred Iucang the general coun-
$50. for the Ford company. supple
monred Mr. Ford's comments with
,h,s statement
u don't car" 20 discuss the case
on ~ ,ourt, hut in view OF the
Publications heretofore made will
say The Ford Motor company is
orr of tho most successful and best
managed institutions in tho world
This is conceded everywhere The
present plan ot expansion is strictly
In line with all It's past methods
IN view = such a record and such
resuIts. ior court 20 interfere
would be contrary 20 all proccdentS
ard tho simplest elemental law
one other thing John +. Dodge
Is an Intense partisan ot Mr.
iirghos, actively engaged in politics
AZ the present time. and have re-.
ccived absolutely reliable informa-
tlon which believe 30 be true that
this suit was started by Mr.. Dodge
Just AZ this particular juncture for
political purposes"