Word: forde
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Dates: during 1920-1929
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Automobiles. A movement within the committee was started by Pennsylvania's Senator Reed to reduce or eliminate the 25% ad valorem tariff on motor cars. Theory: this U. S. industry, with its huge exports, no longer needs protection. Motormen Henry Ford, Alfred Pritchard Sloan Jr., Alvan Macauley (Packard, National Automotive Chamber of Commerce) and Walter C. White, were among those invited to step forward and give their views on this change. When they failed to make prompt response, there was committee talk of subpoenaing them...
...Westchester Club. Charles Townsend Ludington is busy at Philadelphia; Major Lorillard Spencer, Count Alfonso Villa and William H. Vanderbilt at Newport; George Hann at Pittsburgh; David S. Ingalls at Cleveland; Robert R. McCormick, Joseph Medill Patterson, Philip Wrigley, John J. Mitchell at Chicago; William G. McAdoo Jr., Tod Ford Jr., Aldrich M. Peck at Los Angeles; William G. Parrott, Peter B. Kyne, Julliard McDonald, Thomas B. Eastland, Alexander Young, Edward H. Clark at San Francisco...
Last week, however, the D. T. & I. flowers drooped slightly and the employes were somewhat perturbed. The big-lettered F O R D on D. T. & I. bridges was destined soon to disappear. Henry Ford, owner of the D. T. & I. had sold his property to an unannounced purchaser. Agent in the transaction was the firm of Charles D. Barney & Co., Manhattan brokers. Probable real purchaser was Pennroad Corp., Pennsylvania Railroad holding company. Whoever the new buyer, the Detroit, Toledo & Ironton's Ole Massa had certainly sold it down the river...
Prosperous was the D. T. & I. under Ford ownership. When Mr. Ford purchased it in 1920 for $5,000,000, railroad men generally decided that the Ford transportation genius was confined to rubber-tired vehicles only. For the D. T. & I. staggered its 343 miles from Detroit and Toledo to Ironton, Ohio, in hopeless and continued depression. It made no money and showed no signs of ever making money. Owner Ford made it pay. He electrified 263 miles of it. He raised salaries that were accustomed to being reduced. He speeded up the freight service (passenger traffic has never been...
While Owner Ford was profitably retiring from his excursion into railroad circles, those circles were profoundly agitated by the probability that the Pennsylvania was behind the D. T. & I. purchase. Reasonable seemed this conclusion. Last month was purchased Canton, Baltimore's bustling freight and industrial suburb, by a similarly unnamed principal which later proved to be the Pennsylvania (TIME, June 24). Furthermore, the Detroit, Toledo & Ironton was one of the roads included in the Baltimore & Ohio's plan for a greater and longer B. & O. (TIME, March 4). Just as the Canton purchase was virtually a slice carved...