Business & Finance: Mr. Slack's Billion

Some weeks past the country was astonished to learn that a bid of $1,051,000,000 had been made for the whole U. S. Government Merchant Marine. It was at first suspected that the bidder, John W. Slack of Silver Creek, N. Y., was acting for Henry Ford. The bid was obviously fictitious and was not seriously considered in Washington. Mr. Slack's name, however, as well as the name of his native town of Silver Creek, N. Y., received instant and widespread publicity.

Last week Mr. Slack, in an article in The New York Times, while...

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