Word: ferguson
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Dates: during 1940-1949
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...Henry Ford's "only partner," Irish Inventor Harry Ferguson had done well. Ford produced Ferguson-designed tractors, and Harry Ferguson Inc. sold them, under an unwritten agreement based on "good faith and mutual confidence...
...Harry Ferguson Inc. sold $313 million worth of Ford-built tractors (and implements manufactured by 105 subcontractors), and in 1946 alone netted $4.3 million. It was young Henry Ford II who decided that his grandfather had got the short end of the Ferguson bargain. He canceled the deal, and set up his own Dearborn Motors Corp. to make and sell tractors and implements (TIME, July 21). When the new Ford tractors came out, automen thought they looked much like Ferguson...
...Harry Ferguson Inc. tried to make its own tractors. The company bought a Cleveland factory, but the plan fell through. Nobody wanted to put up the $8 million capital he needed. As Dearborn Motors took over Ferguson's suppliers and dealers, the Ferguson company began to fall apart...
...that, the committee sheepishly backed down. Michigan's Homer Ferguson introduced the resolution which Anderson had suggested, and both Houses quickly passed it. The tenet that Congress has the right to inquire into any facet of U.S. life was upheld-so long as the inquiry conformed to law and reflected the will of Congress. This week Clint Anderson went to work preparing his list for publication. It would, he said, contain 'about 14,000 names...
Free-Trader Pauley said he did not think that grain speculation had caused higher food prices-"even though certain loose charges to that effect have been tossed about by some political parties and candidates." Michigan's Senator Homer Ferguson asked blandly if by any chance he meant President Truman? "No," snapped Ed Pauley, "I mean Harold Stassen...