The New York herald., 1922-03-03
U.S.NCVER GOTFORD'S
20 MILLION WAR gain
Book in His Name States He
Has Returned Every Penny
Of Profits.
lie SAID HE WOULD DO so
But Treasury Aid Has Vainly
Searched Records for
Any Sum.
lie SAID HE WOULD DO so

Special Dispatch 70 THE NEW YosK HERALD.
DETROIT, March "A dispatch to-
day from Washington to the Detroit
Journal says:
Under Secretary Of the Treasury
S. Parker Gilbert denies Henry Ford
has returned war profits amounting
to $4,000. 900 to the United States
Treasury"
This statement was brought out fol-
lowing the sale here Of book called
"The Truth About Henry Ford. which
carried this paragraph:
Henry Ford gave all his war profits
OF s29. 0O0, 900 to the Government with
no hampering conditions. This vast
sum was turned back to the Treasury
to be used as the Government saw fit
This was tie act of a pacifist. II all
.he war advocates had done the same
the country's war debts would not be
have been less talk OF war proflteers. I"
The book Is supposed to have been
written with the approval OF Mr.. Ford
and to be based upon facts furnished by
Mr.. Ford's organization. Secretary Of
the Treasury Mellon said he had heard
nothing OF such a handsome gift to the
Federal Treasury. but referred inquirers
70 Under Secretary Gilbert. After an in
vestigation Mr. Gilbert denied that Henry
Ford had at any time returned ;2s. 0o0.-
900 or any other lump sum 10 the Gov
ernment.
They say there is possibility that in
certain cases the motor car king may
have accepted less money In payment OF
certain claims than he might have eX-
acted from the Governmcnt--iu fact. they
declare that MIR. Ford's dealings with the
Government. 80 far as they know, have
been marked BY fairness and iiberalty on
Mr. Ford's part. They are positive, how
ever. that no cash refund Of war profits
has ever been made by Mr.. Ford.
II has been variously estimated that
the Ford company received from $50
0O0, 900 to s125.Oo0,oo0 FOR war work, but
the items are scattered through many de-
partments and bureaus and i would take
days 10 assemble them. The Ford COM
pany produced many different kinds OF
war material. including Eagle boats, Lib
erty motor castings. tanks, tractors, au-
tomobiles. .rucks, howitzer caissons. he'll
NETS and shell castings The Ford com
pany's contract for the production or
Eagle boats alone called for sixty boats
al a cost OF approximately sl.000.000
each.
When large war contracts began TO
pour III upon the Ford comutny soon
after America entered the war ,ir. Ford
announced he did not eNpec. 10 take
pcrny OF profit. Later Il was given out
that the Ford company would re com
pelIetl TO charge a profit healuse Mr.
Ford owned but IS per cent or the
stock or tho company and the minority
stockholders would not be willing to
forego their legitimate profits. u was
announced. however that NJ Ford
personally would not consent 20 receive
1 cent OF profit for his shave, and II
was taken FOR granted Tint AZ some
time following the settlement of
contracts the motor car M .dtacturcr
would return his war prodts 70 the
United states Treasury
The records Of the War Department
show that the Ford Motor Company and
Henry Ford Son have received under
The Iaw total or S2i,013,s3S 10. OF
this sf1.01e,0aq55 was IN payment for
articles actually delivered - ,he Gov
eminent and sq.9si73s.75 was III ad-
tustrnent or contracts under which no
finished articles were delivered but
where the Ford company a,d'ncd re-
endorsement for expenditures made 10
preps ration for production.
- .-------s.--as.--