INSURANCE: Third Largest

For ten years a Detroit insurance broker named R. T. Johnstone (neither of whose initials stands for anything) has been pestering Ford Motor Co. to take out a group insurance plan for its employes. Though balding, 37-year-old R. T. Johnstone is one of the nation's largest producers of group insurance, Henry Ford always refused on the ground that group insurance was too paternalistic. Last week, however, Broker Johnstone talked again to Edsel Ford, finally closed a deal for a $150,000,000 plan covering more than 100,000 Ford workers. Said a Ford official: "The men wanted it."

Starting June 1, any Ford...

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