FORD FINANCES
EVIDENCE IN TAX CASE
(United Press Association.—Copyright.) "WASHINGTON, 2nd February. Mr. Homy Hornblower, a member of the House of Representatives and a partner in Hornblower and "Weeks, bankers, giving .evidence in a tax case involving the Ford Motor Company, revealed flint his concern offered Mr. Ford a thousand million dollars for the latter's motor works, but tho offer was refused. Mr. Ford was offered five hundred million dollars in 1916, but this was increased eight years later.
Witness said: "Mr. Ford laughed at me. He is the marvel of the age, and if the public were permitted to buy the company's stocks it would be taken like wildfire." He estimated Mr. Ford's present earnings at a hundred million dollars per annum, and added that fifteen years ago a hundred-dol-lar par Value share in the company was worth 12,500 dollars.
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Bibliographic details
Evening Post, Volume CXIII, Issue 29, 4 February 1927, Page 9
Word Count
141FORD FINANCES Evening Post, Volume CXIII, Issue 29, 4 February 1927, Page 9
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