Word: edsel
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Dates: during 1920-1929
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Last week in a hotel ballroom in Detroit, was continued the tax suit whereby Secretary of the Treasury Mellon hopes to take some $34,000,000 from Senator James Couzem and the other Ford stockholders who sold out to Henry and Edsel Ford in 1919 (TiME, Jan. 17). Young Alexander W. Gregg, chief counsel for the Government, waged a highly technical battle with the defense attorneys among some 10,000 exhibits. But the public eye centred on that exhibit which told of the earnings of the Ford Motor Co. from 1904 to 1919. The figures...
...Government contends that the profits from the sale of the (41½%) minority interests in the Ford Motor Co. to Henry and Edsel Ford in 1919 for $100,000,000 were underestimated by the Bureau of Internal Revenue in the Wilson Administration. Hence, the Government wants Mr. Couzens, the Dodge descendants and a half dozen others to dig into their pockets and send back $34,277,253.48 to the U. S. Treasury. The defense attorneys argue that the Government ought to keep its word, having once placed an estimate on their clients' profits. The public will be deprived...
...Edsel Ford subscribes...
Besides Cabinet members, Senators, Representatives, many a businessman has answered the call to the Coolidge Camp during the summer. Among them: Edsel Ford (autos, airplanes), Harvey Firestone Jr. (tires), Patrick E. Crowley (railroads), Julius Rosenwald (mail orders), A. J. Brosseau (trucks). The statements of these and other magnates concerning the undeniable prosperity of the country have received wide publicity because made in connection with a visit to White Pine Camp. Long after the magnates have returned to their less conspicuous affairs, the impression lingers that somehow President Coolidge is Prosperity. Last week, Mr. Coolidge announced that he would not take...
...still dislikes publicity. Last week arrested at Albuquerque, N. M., for cashing a worthless check, he protested in indignation that among his friends were Henry Ford, Edsel Ford, Russell Firestone (son of Akron's tireman), Thomas Edison, Governor Smith of New York, Publisher Harry Chandler of the Los Angeles Times...