The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-01-21
FORDS TO BID
FOR uNg0lNS
Some Interesting Facts
for Automobile Folks
in Fairmont
-r17TT1
Copyright. fe22. by The Detroit
News. Reprinted BY Permission.

News. Reprinted py Perfnisslon.
Toward 4 o,clocko OF a late Decem.
Dor afternoon o man Of venerable
years ana hearing stood IN the ante.
room Of Henry Ford's office at
Dearborn
with him came d younger man,
who, by his every solicItotls move.
ment, showedthat they were father
and OH.
Tall. Isrgeotsfrane, a trifle stoop.
cd: his white head barred; his frank,
steady ewes looking straight before
him, there was something striking
and suggestiyeab about the older man.
The moments thatshe waited were
visibly irksonie. He seemed care.
worn, depresseds
Apparently they we're expected.
They had not s1ong4to wait. Asec.
rotary came and led the way inside.
TWO hours passed. II had grown
dark. The lights were lit.
Then. u YOU could have been in.
side yon would have seen Henry
and Edsei Ford shake hands with
Henry N. and Wiltred c. Leland
and heard the younger motor manu-.
facturer say Something to the cal.
iers which sent them away into the
night with lighter steps and faces
bearhings
Something big had happened.
Ar the world willllearn what that
something was; what those hand.
shakes meant and what was the
cause Of those beaming faces at 10
a. m February next.
For. when William s. Sayers, Jr,
master in chaneery OF the United
States District court, stands up on,
the front steps ofsthe Lincoln Motor
Co. plant n Detroit, that morning,
to auction of that vast plant at a
receivers sale, representatives Of
Edsel Ford and the Ford Motor Co.
Will bid for the property.
Ford.LeIand Plans.
" they are the successful bidders,
all these things will happen:
The Lincoln Motor Co. OF today
will be CLOSED up and dissolved. a
new Lincoln Motor corporation will
be formed.
The new company, though retain.
ing It's distinct corporate form and
organization VIII become a unit OF
the Ford Motor Co., operating un.
der Ford standard industrial meth.
DDS.
Henry ~ Leland will be retained
rs the head and Wilfred C. Leland
as the vice president and general
manaEer of the company, They
Will have direct charge OF the
strictly manufacturing operations.
AN financial details. purchases and
sales VIII lie handled ca operatiyely
between the Ford Motor Co. and
the Lincoln Motor Co.
The car will be marketed through
tho existing Lincoln sales organiza.
tiou, consulting OF about $50 agen.
cies in all parts of the United
States
Tie Ford Motor Co. will endeavor
10 work out some plan by means OF
which THOSE stockholders who in.
vested in Lincoln securities may
hope for some Substantial return
on their Investment.
WilL5eId Ss,ooo,ooo.
When Judge futile In the United
States court In ordering the De
trcit Trust 60, the receivers, to nut
the properly up for sale February
4. fixed 3 100000 as the lowest bid
that would be considered. Harold
f. EIntnons, representing Mr.. Ford
and the Lelands announced himself
prepared 10 bid that. figure, Meth.
or then nor stnceShas any other In.
terest given definite assurance OF
another bid.
There are ruuors OF other bid.
ders. II Is estimated that the Gen.
eral Motors, Desiring to eliminate
competition with the Cadillac car,
will bid for tie Lincoln. Before
the sale was ordered with an upset
price Of Ss,00D,000y a financial com.
hination headed by William H. Muir.
ply, one Of the principal stockhold.
ers Of the Lincoln company, was
said to he preparing to bid on the
property since the sale was order.
ed nothing has been heard from this
group,
Persons purporttng to represent
w. g. Dprant have been making in.
quiries that would indicate Durant
would he's bidder. Certain men
closely connected with Henry Gold.
maq Of New Yprk, the financial III.
lar Of the Stidebaker Corporation.
have ehownconcern as to the figure
a. which the property might posi-.
bly, be sold
Square Deal for All.
The Ford interest in the Lincoln
company t solely to see that the
Lelands and others who originally
actually put pStheir money into the
company % support it financially
get 2 SQUARE deal;
Our position; said 5Edsel Ford.
is Just like this; We do not need
The lincoln as an automobile,
IT'S way Out ,of our line. But also we
do not wish 70 see a great industry
like the Lincoln wrecked and It's
control lost to Detroit. The LIE.
lands for generation have done so
mich Tor. mud meant SO much to
Detroit, that II would be a shame.
3 blot ~ the whole community II
Detroit let the Lincoln company 70
to ruin and the Eelands be nut out
M n aHErE8ErgT