In reply to a query from The Wall Street Journal, Henry Ford stated that, despite his recent purchases of coal properties, timber lands and water power sites, his cash balances still exceeded $200,000,000, and that he had no need or intention of borrowing money in Wall Street. Mr. Ford's latest form of expansion has been to install coking ovens in his new coal properties, in order to sell their numerous byproducts, especially illuminating gas.
In addition, continued rumors indicate that the Detroit super-manufacturer is intent upon acquiring railroad lines which will link...
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