Word: forde
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Dates: during 1930-1939
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...such groups as the American Finance Conference and the National Automobile Dealers Association, extensive monopolistic coercion is practiced by General Motors Acceptance Corp., Commercial Credit Co. (which finances instalment sales for Chrysler), Commercial Investment Trust (for Nash, Hudson, Auburn, Studebaker) and C.I.T.'s subsidiary, Universal Credit Corp. (for Ford). Last year these four handled 75% of all new car financing (TIME, Nov. 22). According to the Department of Justice, their monopolistic methods cost the public $60,000,000. Having listened to evidence from 263 witnesses in Milwaukee, a Federal grand jury last week was ready to announce its findings...
Major Berry began corralling mineral leases in the Tennessee Valley in 1932 with a Knoxville real-estate man named C. A. Harris as partner and W. H. Ford, a local promoter, as their agent. Ford continued to sign leases after President-elect Roosevelt first submitted his plan for a series of dams in the Tennessee Valley in substantially the form of the present TVA. Last of the 252 leases, each calling for a consideration of $1 and mostly providing for minimum royalties up to 25? an acre if mineral production was not begun within twelve months, was registered on March...
...Arthur E. Morgan to determine the value of the claims. Before they had progressed very far it was apparent that it looked to TVA attorneys as if the leases had been signed less for their mineral than for their litigation value. They announced their intention to show that Agent Ford had sold his one-quarter interest in the $3,000,000,000 leases to a Frankfort, Ky. racing stable owner named George Collins...
Then the major-league overlords who had been bartering at the minor-league conclave moved on to Chicago last week for the major-league meetings. The National League promptly proceeded to make no news by re-electing President Ford Frick for three years at $27,000 per year. To the meetings of the overlords went U. S. baseball manufacturers to discuss balls of varying degrees of deadness, which had been tried out last season. The National League, which thought the American League was bound to follow its choice, forthwith voted to adopt the No. 4 ball, one degree deader than...
...Ford Motor Co. has on occasion employed the technique of dismissing an executive by sending him and his family to Europe, greeting him on his return with an empty office. Although he got no trip to Europe, and his office furniture was left intact, William C. Cowling was no longer Ford's sales manager last week, after 23 years of service, six as head of sales. Guessers were kept busy finding reasons for the unexplained dismissal which surprised Fordling Cowling and shocked his admirers, but those most frequently mentioned were his pronounced independence and the habit formed by some...