FORD COMPANY.
ECHO OF BIG DEAL. (BI CABLE—PBESS ASSOCIATIOH—COPYRIGHT.) (AUSTRALIAN AND »-Z CABLB ASSOCIATION.) NEW YORK, November 18. A message from Detroit says that Edfeell Ford has issued a statement in which he denies that his father promised the stockholders of the original Lincoln Motor Company . reimbursement for losses suffered when Mr Ford bought the firm in 1922 for 8,000,000 dollars. ■ The statement said: "We bought the assets of the old Lincoln Company from the receiver appointed by the District Court. No conditions were attached to the transaction and no obligations were imposed upon us to pay the stockholders or creditors ot the old concern. Fair value was paid) to the receiver for the property, and we voluntarily paid all the general creditors an additional amount ot 4,000.000 dollars purely out of generosity.'' •
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Press, Volume LXIII, Issue 19163, 21 November 1927, Page 9
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133FORD COMPANY. Press, Volume LXIII, Issue 19163, 21 November 1927, Page 9
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