Word: edsel
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...front porch in 1903 he could hear a gasoline engine sputtering in the backyard of his neighbor, Henry Ford. Hesitantly Lawyer Rackham mortgaged his property, invested $5,000 in the new Ford Motor Co. In 1919, after receiving $4,000,000 in dividends, he sold out to Henry & Edsel Ford for $12,500,000. Taken aback by his fortune, Lawyer Rackham did his best to ignore it, living modestly, carrying on his practice, shunning publicity. His philanthropic career almost ended in a fit of hysteria when the Detroit Community Fund revealed him as the donor of $20,000. Later...
...rich are too rich and the poor are too poor, began a lively poker game before the Committee with Henry Ford's fortune for imaginary blue chips. At stake was the important question of what would become of Ford Motor Co. when Father Henry dies and Son Edsel has to pay record-breaking death taxes...
...been clapped into jail for one year and fined $1,000. Running no such risk he took his facts & figures from the annual reports filed by Ford Motor Co. with the Massachusetts Commissioner of Corporations, estimated the company to be worth $600,000,000, 41½% owned by Son Edsel...
...business in that State, statisticians compute indicated earnings from changes in surplus and reserves. According to the 1934 statement filed in Boston last week, Ford profits last year were $6,860,000-plus any dividends paid during the year to the two stockholders, Father Henry and Son Edsel. In 1933 the indicated loss was $3,480,000. Apparently Mr. Ford was experiencing the same difficulty with rising costs that has plagued the whole industry since the New Deal. He sold nearly 300,000 more Fords last year than the year before but his profits amounted to only...
...Antarctica; that the entire Antarctic Ice Barrier is not afloat, as was commonly supposed, but is partly grounded; that the ice at the South Pole varies in thickness from two feet to two miles; that more meteors strike the earth's atmosphere than was formerly suspected; that the Edsel Ford Mountain Range may be a continuation of the great Andean Range; that a hitherto unknown area of 250,000 sq. mi. is part of the Pacific Ocean; that the inland fauna of Antarctica consists solely of skua gulls which live on 50 kinds of moss; that Antarctica...