Word: forde
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Dates: during 1920-1929
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...either to odd coincidence or bitter design, there has been a tax fight between wealthy Senator Couzens of Michigan and wealthier Secretary Mellon of the Treasury Department, since 1925. It was a fight over Senator Couzens' profit tax on his shares in the Ford Motor Co., which he sold in 1919. Last week, Senator Couzens won the fight and the Treasury Department lost perhaps $2,000,000 in refunds to Senator Couzens and eight other onetime Ford stockholders...
Senator Couzens, an original Ford incorporator, acquired his stock (2,180 shares) for some $40,000, prior to 1908, and sold it for some 30 millions in 1919. When Henry and Edsel Ford sought to buy him out in 1919, the Internal Revenue Bureau calculated that $9,489.34 per share was a fair price. Senator Couzens ultimately obtained $13,444 per share. He paid the U. S. a profits tax on the difference between the Revenue Bureau's fair price estimate and the price he received. That was in 1919 and the business seemed finished...
...Henry Ford was in England, dining with Lloyd George and Sir Harry E. Brittain,-* giving away a Ford car here, a Fordson tractor there, visiting farms and factories, stating that he regarded Great Britain as the centre of the Old World. Mrs. Ford was with...
Left alone in the U. S. was the third stockholder of the Ford Motor Co., President Edsel Ford; reporters could not reach him to ask explanatory questions about the company's annual financial statement published last fortnight, as law requires, in Boston...
...doubt the professor had the best of intentions when he made his suggestion, but its results might not be a that he expected. A scale could be readily arranged between the Mercedes for The head man of the class and a second-hand Ford for the lowest to qualify, with perhaps a few bicycles as consolation prizes for those who failed but could the move stop at that? Interest in studies and the popularity of Ph. Beta Kappa men would increase by leaps and bounds, but what athletic star would not feel slighted by the discrimination exercised against...