Business: Ford Saga

For six weeks, in Detroit, and then through last week in Washington, lawyers have asked questions concerning cars and a man (TIME, Jan. 17, THE CABINET). What they drew out of the mouths of sworn witnesses was the saga of Henry Ford, motorcar maker, and his Ford Motor Co.

Beginning. In 1919 minority stockholders in the Ford Motor Co., including Senator James Couzens of Michigan, sold their shares to Henry Ford for about $12,500 a share. They had to prefer him to outsiders, if he wanted their securities, according to a company bylaw. He did...

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