HENRY FORD’S TROUBLES.

Franklin Times, Volume 9, Issue 610, 22 February 1921, Page 5

HENRY FORD’S TROUBLES.

“HAS REACHED HIS LIMIT.” Wall Street is seething with rumours of the pending gigantic financing of the Ford motor companies. Recently the Ford auto works reopened, after closing down for several weeks, under official re-organ-isation. Reports suggest that financiers are making an effort to swallow the Fcrcl Company in a General Motors Company. In the meantime Mr Henry Ford himself intends approaching the market for a loan of £15,000,000 to carry him over with 100,000 cars which were unsold, until better times.

The situation has been complicated by Mr Ford’s attack on the Jewish money interests. A Wall Street journal prints a sensational despatch from Detroit headed: “Henry Ford has reached his limit.”

The despatch declares that it is beyond the powers of any man to raise the money and carry forward single-handed the manifold enterprises which Ford started. The journal alleges that Ford recently fired his general manager and many other executive officers. These included the advertising manager, who earned Ford’s displeasure by announcing that this year would see a larger output of cars than ever. The journal intimates that thee charges against some of the executive officers were “fiction in poor Henry’s brain.” In the meantime the story of Ford’s financing is furnishing a sensation in the money world.