HENRY FORD’S FINANCES

Hokitika Guardian, 16 February 1921, Page 1

HENRY FORD’S FINANCES

t'XITHD STATES RTMOI HS. VANCOUVER, Keb. 1. Wall street is seething with rumours of the pending gigantic financing of the Ford motor companies. Recently the Ford auto works re-opened, after closing down for several weeks, under official reorganisation. Repot ts suggest that financiers are making an effort to swallow the Ford Company in a General Motors Company. in the meantime Mr Henry Ford himself intends approaching the market for a loan of tin,ooo,ooo to carry him over with 100,000 ears which were unsold, until better times. The situation has been complicated l,y Mr Ford’s attack on the -Jewish money interests. A Wall street journal prints a sensational despatch from Detroit headed, ■■Henry Ford»lu\.s reached his limit.” The despatch declares that it i* beyond the powers of any man to raise the money and carry forward singlehanded the manifold enterprises which Ford started. The journal alleges that Juml lecen ly tired his general manager and many other executive officers. These included the advertising manager, who earned Ford’s displeasure by announcing that this year would sec a larger output of cars than ever. The journal intimates that the charges against some of the executive officers were “fiction in poor Henry’s brain. . p . Tn the meantime the story oi fiord s financing is furnishing a sensation, in the money world. ,