Word: fording
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Dates: during 1920-1929
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...brokerage business (1919) at 40, bought, and later sold, a chain of California hotels. His Connecticut estate, Freestone Castle, is patterned upon English models; he has also a Colonial home in Altadena, Cal. He is the owner of the Sialia, a yacht formerly in the possession of Henry Ford. The Sialia is the fourth largest privately owned yacht in the world...
...thrifty Germans came last week a disappointment. From them was suddenly snatched away what looked like a surely profitable investment. They had intended to buy, at 109 marks ($26) per share, some 54,500 shares in Henry Ford's German company. With this company, as with his other continental subsidiaries, Mr. Ford had intended to keep 60% of the stock in the hands of Ford of England, the parent and leader of his European family. The other 40% he was to distribute among German citizens. Inasmuch as stock in the other Ford companies had invariably enjoyed a rapid rise...
...Ford-I. G. F. combination followed closely upon I. G. F.'s establishment of a U. S. Subsidiary which included among its directorate National City's Charles Mitchell, International Acceptance's Paul Warburg, Standard Oil of New Jersey's Walter Teagle, Ford's Edsel Ford (TIME, May 6). Just as this linking of interests had been interpreted as a linking of Standard Oil and I. G. F. to compete actively with the du Pont interests, so the Ford-I. G. F. consolidation was considered a Standard Oil-Ford-I. G. F. alliance against du Pont...
Perhaps hardest hit by the merger, however, was the German motor car industry which, with its largest unit (Opel) already a General Motors affiliate, and with one of its most menacing invaders (Ford) now backed by the resources of Germany's largest company, appeared more than ever unable to hold its own against U. S. competition. One outstanding difference between the General Motors-Opel and the Ford-I. G. F. arrangements was that General Motors bought into Opel, whereas I. G. F. bought into Ford. To discuss these international operations in warlike terms, the Ford-I. G. F. purchase...
With international financial circles still agitated over last week's agreement between Ford of Germany and the German I. G. F. Dye Trust, Continentalist Ford announced a $30,000,000 deal with Soviet Russia. Soviet and Ford representatives signed a contract providing that a Ford plant with a capacity of 100,000 cars a year should be built at Nizhniy Novgorod (between Leningrad and Moscow) and that $30,000,000 of Ford products should be purchased within the next four years. Thus Ford-General Motors competition has been extended to Russia (and Asia) where the Ford Novgorod plant will...