Word: edsel
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Dates: during 1930-1939
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...said Franklin Roosevelt, grinning up from the water, "you and Mrs. Ford are having dinner with us tonight." Thus just a year after General Hugh Johnson had heatedly announced that neither the Ford Motor Co. nor anyone else could safely defy his Blue Eagle, Mr. & Mrs. Edsel Ford were warmly welcomed by the chieftain of the New Deal. To newshawks who clustered around him in the street, Edsel Ford reiterated that the Ford Company had not signed certificates of NRA compliance, reiterated that it was living up 100% to NRA requirements. All was forgiven if not forgotten, for the Government...
...same day the President made public a letter to S. Clay Williams, head of the National Industrial Recovery Board, ordering him to survey the possibility of stabilizing employment in the automobile industry. Said Edsel Ford to reporters: "That is exactly what we believe. Our men are working on an average of 36 hours per week per year. Regular employment should be the goal of every manufacturer...
Ford. In Detroit Edsel Ford received a letter threatening death unless $5,000 was left on the back porch of a home in the city's northeast section. The money was duly left in a candy box. A tenant nearly ruined the case by picking it up by mistake. Soon, however, Edward Lickwala, 20, son of a onetime Ford worker, appeared to offer Federal agents information. He gave more information than he intended. Arrested, he quickly pleaded guilty and was sentenced to ten years in Leavenworth...
...Edsel was able to give an account of the Ford family's losses in the Detroit banks. Grand total of Ford (father, son & motor company) funds tied up in the crash was $63,200,000 in deposits, loans and advances. Of this total $18,708,000 was tied up by the failure of Detroit's First National, the rest by the failure of the Guardian Detroit Union Group. Total recovered to date: $18,000,000, leaving over $45,000,000 lost or still unrecovered...
...Edsel Ford likewise told his story of what occurred just before the crash. On Feb. 13, 1933 Secretary Roy Dikeman Chapin (Hudson Motor) and Arthur Atwood Ballantine, Assistant Secretary of the Treasury, visited Detroit, asked the Fords to permit the freezing of $7,500,000 of their deposits in Union Guardian Trust Co., asked them to put up $5,000,000 capital for a new mortgage company which was to assist in getting a $49,000,000 loan for the Guardian from...