The 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.
The Interstate Commerce Commission on Aug. 1 granted authority...
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