Ford. In 1908, William Crapo Durant, then the head of his new General Motors Corp.. decided that Ford Motor Co. was a good buy. He persuaded Henry Ford to sell out for $8,000,000, but then failed to persuade his directors to pay $8,000,000. Last week, with the appearance of the 1929 balance sheet and income account, statisticians were trying to figure out just what Ford Motor Co. would cost now.
Ford's earnings showed a remarkable come-back with a profit of $81,797,000 or $473 a share. While this...
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