Pocahontas star herald., 1923-07-13
10Th ANNIVERSARY
OF FORD MOTOR co,

today. And this birthday anniver-
sary finds it enjoying the greatest
prosperity in its history and engaged
in carrying out an expansion pro
gram of enormous magnitude neces-
sary to bring manufacture up to meet
the ever increasing demand for Ford
Products.
In the Score of years which have
passed since its Incorporation on June
16, 1903, the growth of the Company
has been amazingly rapid and now
its activities extend to nearly every
country ON the globe and the Ford
Car is in use in practically every land
on earth.
The capital originally subscribed
in the company was 100000 Of
which only $4,000 in cash was actu-
ally paid into the treasury. Among
the twelve stock holders with the
company in its infancy Henry Ford
held % per cent of the stock.
Ford sold" his car to the public at
the very start by practical demOnstra-
tion for he pilOted the first Ford racer
himself and won race after race in
all parts of the country. Driving
old '909' on an ice tract at Baltimore
Bay, Mich, he was the first to break
the mile-a-minute record.
In 1907 Mr.. Ford acquired addition
al stock sufficient to bring his hold
ings in the company up to 5S 1-2 per
cent.
Development of the company since
1908 when the Model "T" Ford Car
was first placed on the market has
been marked by unusual success un-
til now it occupies the foremost posi-
tion in the industry.
In 1913, Mr.. Ford set new stand
ard for the industrial world when he
announced his new famous $500 a
day minimum wage and the $10,0O0,-
900 proft-sharing plan, a move that
gained him international fame.
Many will remember, too, year or
so later when announcement was
made that If sales went to a certain
figure every Ford purchaser would
receive a rebate. The sales passed
the figure and checks went out by the
hundreds Of thousands.
When in 1919 Edsel b. Ford as
sumed the presidency, his father
turned over to him all the responsi-
bility of that Office and he has taken
an important part in all developments
of the company since that time. Up
on becoming President, Edsel Ford
purchased the remaining Al 1-2 per
cent held by outside stockholders and
on July 9, 1919, the company was re-
organized under the laws of Della.
ware for an authorized capitalization
of S1OOOOO,OOO.
In his ambition to do the greatest
amount Of good for the largest num-
Der of people, Henry Ford always has
kept the Ford car within the reach of
the person Of average means.
Last October the price Of Ford cars
was again reduced bringing the. var
ious types to the lowest level in the
history of the company. And only
recently the Inauguration of the Ford
Weekly Purchase Plan has opened
the way to automobile ownership for
additional millions of people who can
now buy Fords on weekly payments
as low as $500.
The first car manufactured by the
Ford Motor Company was on the road
in June and sold the early part of
July, 1903 In the initial year, 1903
4, the company produced LOS ears
and each year has seen a steady ex-
pansion until in 1922 production total
ed 1881 1888 and this year will pass
the 100000 mark, figure which II
is estimated will equal If not exceed
the combined output Of all other auto
mobile companies in the United States,
Since its start the company has
produced more than 7I50,OOO Fords
and sent them to all parts of the world
and more than 6,0OO,OJ1 are now in
use in the United States alone.
Manufacturing methods Of the Ford
Motor Company have been AM remain
the marvel Of engineering experts of
the world. All are based on the most
scientific principles, distinctly individ-
ual in their advanced steps and they
bring quantity production with high
quality coming automatically in the
process.
Under its present expansion pro
gram the company is carrying 1ut on
a larger scale than ever before It's
policy Of effecting every manufactur-
ing economy possible Thus with costs
oil ulpnW