Word: ironton
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...Detroit, Toledo and Ironton, Henry Ford's railroad, is justifying its employes' faith in its earning powers. On Nov. 1, 1923, the railroad (i.e., Mr. Ford) inaugurated a plan whereby the road's employes could purchase investment certificates in the road out of their earnings. To date, $162,994 has been so invested by the road's employes. For the first half of 1924, they will receive 6% on their "investment certificates" ?which is at the rate of 12% per annum...
...line for the D., T. & I. at a cost of about $7,500,000, as well as to issue first mortgage bonds to raise the funds. The new line will extend from Malinta, Ohio, to Durban, Mich., and will serve to shorten haulage distances over the Detroit, Toledo & Ironton line...
...Steel Corporation acquired its own railroad lines to expedite the passage of its raw material and products from mine to mill, much comment was occasioned. In recent years, the example set by the Steel Corporation has been followed by Henry Ford in acquiring the Detroit, Toledo & Ironton Railroad...
...well doubt Henry Ford's supreme ability to earn dividends, or to pay them to himself as a stockholder. But security holders in the Detroit, Toledo & Ironton railroad are not so certain whether the automobile manufacturer is equally enthusiastic about earning interest and dividends for others...
...small point in the humor of this situation lies in the fact that the names of the two New York investors in the Detroit, Toledo & Ironton are B. M. Straus and Jerome Tannenbaum...