Word: edsel
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Dates: during 1930-1939
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...Edsel would put up the entire capital-$11,000,000-to take over the two crippled banks. As sole owners of the two new institutions, they would pick their own directors, run things to suit themselves. The Ford banks would eventually be merged...
...true that Henry Ford's $7,500,000 deposit was the largest. In addition Mr. Ford had loaned Union Guardian (of which Edsel Ford and his brother-in-law Ernest C. Kanzler are directors) another $11,000,000 in an earlier attempt to buttress the crumbling institution. The R. F. C. had put up $15.000.000. When Union Guardian approached the R. F. C. for more, Senator James Couzens, Henry Ford's oldtime partner and a bitter critic of the R. F. C., insisted that adequate security must be furnished. This the bank could not do for a loan...
...With the 30 days of public mourning for Calvin Coolidge over. President Hoover last week resumed White House festivities. At a state dinner to the Vice President, he and Dolly Curtis Gann led the line to the table. Among the 75 guests were John Davison Rockefeller Jr. and Edsel Bryant Ford. Two days later the President entertained 85 diplomats and guests who ate from gold service...
Last week 86 eminent persons including Edsel Ford, John Hays Hammond, William Green, Howard Earle Coffin, August Heckscher, Clark Howell, Henry Stevens, Edward F. Hutton, William Vincent Griffin, Jesse Isidor Straus and Elon Huntington Hooker petitioned President Hoover to revive the Council of National Defense. They argued that a dictatorship was the way out of Depression. President Hoover promptly rejected their request. He felt that the C. 0. N. D. was only an advisory war body and that the Cabinet, Federal Reserve Board, Farm Board and Reconstruction Finance Corp. were now "the most effective economic council that could be devised...
...caused by preparing for 1932 models. Last week Automotive Daily News took the nebulous Ford figures, brewed from them the fact that on its Model A the company made $11,250,459 plus any dividends paid to the three holders of its 172,645 shares-Mr. & Mrs. Ford and Edsel Ford...