Business & Finance: Ford's Railroad

The preliminary 1923 figures for the Detroit, Toledo & Ironton Railroad are in; the showing it has made has justified its owner, Henry Ford, in his prediction. The property consists of over 400 miles of main line with trackage rights over another 50 miles, and about 160 miles of yards and sidings. When Henry Ford purchased the road on July 10, 1920, for $5,000,000, most critics thought he had been stuck rather badly at last. Indeed, during 1920, a deficit of $2,121,524 was run up. Since that time, however, Mr. Ford has routed much...

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