New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-18
Ford a Name That
Makes the Dollars Go
Continued from page II

This company is working night and day producing ord
tractors Orders are pouring from all sections Of the United
States and from the world much rapidly than
the company is able the This is not hard to
believe nasmuch the Vigilance Committee found that on inc
date letter the not working night and
day and they producing 1t be that orders
were pouring and that deposits have accompanied some OF
them.
In spite Of other that the company IS growing
manufacturing successful product and making money
to-day that the agency organization of the Ford Tractor Com
pany numbers hundred established dealers or agents
located throughout of the best farming country the O
States these agents keep hand at nearby farm one
or farm which they exhibit demonstrate as often
. occasion reourcs These dealers oday selling
tractors than the deliver the Vigilance COMMITTEE
was that although the moved into ITS present
place of business November 49, 1915 the truth that from
then to the 9th of February 1917 but built and
nine tractors partially completed in that building
IF the company them selling tractors, what was 1t
selling? The is simple: Its stock Undoubtedly it was
making money doing This is how arranged according
to the Committee understanding of Mr.. Ewing claims
The patent rights owned by 1.-THE old South Dakota corpor-
on did not pass to the that these rights purchased
by under arrangement whereby he obligated mse
unon his personal informed that the amount which
he obligated himself approximately Eight lhouSano
Dollars Calling attention the serious question as to the ght
of the Ford Tractor Co. of South Dakota to dispose OF It's patent
rights while petition bankruptcy pending Mr. Lee report
GOES on to say that Mr. Ewing received for his transfer OF
the patent rights the Delaware corporation fully paid and non
asscssabe stock amounting million dollars and continues
millions OF dollars OF common STOCK out OF VI
ten millions capital all of the stock OF the company
H then transferred back treasury three millions OF dollars
of the stock be sold by the brokers' Robert Matches
Co. In February 1917 Mr. Ewing stated that the SIX million
of dollars of stock still held by him had been delivered
n him and was his do with he pleased that million
thereof would distributed the other directors and that
the consideration for the nine million by him was the
patent rights under which the Ford Tractor had formerly been
built Under this arrangement there nothing to prevent Nr
Ewing personally through Matches dsposng OF his own per
andre
the sale this could be done before the treasury stock OF
the company had been sold We informed that the ocers
and directors this company have invested cash the capital
stock Of the company that the sole from which
expected received from the operation OF the company bu
ness is contract existing between the and Robert T.
Matches Co., brokers' under which the stock being sold to
the public
And this contract is the crux of the whole matter.
We are informed, continues the National Vigilance Com-
ntees report that the stock be delivered to Matches
Co. on sliding scale under which Mr. Ewing tells us the company
will receive the of $3.50 100000 the contract fully carried
OUT in other ords-o the three millions be sold by Matches
Co. the Ford Tractor Company will get So5OOOOOO and the
Matches company 81 co. We also informed that the
sliding scale begins low figure and rises that 1t the contract
carried fully the proportion going to Matches Co. will
and the to the FORD tractor company
will decrease accordingly
There arc countless other facts of connected with the
sale Of this Ford stock It's interesting know that the report
states In pamphlet circulated through the mails entitled The
Story of the Tractor illustrations of various factory departments
are and labelled where the various parts OF the
Ford Tractors are And it's literally for although the
those of the Ford tractor factory might think
they the of the plant of the Flour City Ornamental Iron
Works Minneapolis and of the Veerac Motor Company OF
Anoka Mimi where work for the Ford Tractor Company
done.
is interesting to know that The Tribune investigator when
calling Matches company shown number OF csh-
nonial letters of them from Minneapolis newspaper man
who aerward said that he recommended the stock and
would not buy be another particularly heartfelt ei
nona the cashier of the Merchants and Manufacturers
Bank of Minneapolis 1t found that this small institution
outlying of Minneapolis and that this cashier Mr.
James Meier director of the Ford Tractor Company and
was later its
AT the beginning of this Ford story called it grim Joke
The that that the advertising which has been dis
her. nroduced 90 many people whom
the word magic people hoping bindy that here
mick way to wealth One of these letters will suffice:
Is the Ford Tractor Company stock advertised in The
New York American safe investment for lady with