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Beginning. In 1919 minority stockholders in the Ford Motor Co., including Senator James Couzens of Michigan, sold their shares to Henry Ford for about $12,500 a share. They had to prefer him to outsiders, if he wanted their securities, according to a company bylaw. He did want their stocks...

Author: /time Magazine | Title: Business: Ford Saga | 2/28/1927 | See Source »

¶ Next day he traveled about the city in his Lincoln motorcar, without overcoat; spent five minutes with the President; routed Michigan Senator Couzens from the Senate to sign a joint telegram to Michigan Governor Fred W. Green, protesting against capital punishment; avoided the Ford stock income tax hearings, which...

Author: /time Magazine | Title: Business: Mr. Ford's Week | 2/21/1927 | See Source »

¶Passed the Deficiency Bill after a political debate in which Democrats charged the Republican party with being servile to the rich. Senator Couzens, Republican foe of Secretary Mellon, charged "fraud and crookedness" in the internal revenue bureau. Democrats, ruled out of order by Vice President Dawes, called for tax...

Author: /time Magazine | Title: CONGRESS: The Legislative Week Feb. 7, 1927 | 2/7/1927 | See Source »

John W. Anderson, attorney who organized the Ford Motor Co.: "I was called to the witness stand in the $34,000,000 Ford tax suit now in progress in Detroit. I told how I invested $5,000 which later mounted to several millions. I told about a certain night in...

Author: /time Magazine | Title: People: Jan. 31, 1927 | 1/31/1927 | See Source »

The greatest tax suit in U. S. chronicles is not a time to economize on legal talent. The defendants have hired an impressive force: Joseph E. Davies, onetime chairman of the Federal Trade Commission; John W. Davis, De- mocratic nominee for President in 1924; and others, perhaps Charles E. Hughes...

Author: /time Magazine | Title: THE CABINET: Millions | 1/17/1927 | See Source »

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