The evening world. Newspaper, February 4, 1921, Page 14

- a % ¥ ~ SHE EVEAinw WORLD, Hamabar, ra jb ih Vk #, Avai. F ead inv ee aioe we qe a. FORD'S FRENDS DENY | geil strong, and he was never|as much time on the sidewhik of] ing at the rate of from 1,800 to 2,000/There have been circulated many|of industry in the Highland Park nee jenaity of life. People must have] CITY NOT TO TAKE FERRY. r ram-| Detroit as in the roadways, Into thela day. ‘The amount of cash on hand | statements about what this cost him, | plant had died away orders began to| it to get around in, to do business in. +=: Hema te fh eirlbehdgelbamd moat prosperous industry in the his-|——the Ford Motor Company has al-|but financial Detroit entimates the |come in—glowly at first, then more| We were the last necessity t@ feol the | fications of his immense enterprises. \F ‘f wi Whalen Says Clason Point Boat Is tory of mankind. And they have kept| ways parried immense cash reserves | expense at $125,000,000, cash. |rapidiy. Now they are erriving in a|slump, We are the first necessity to | Most of the gossip about him and his in petty close touch with hie affairs “haa increased 106 per cent. in the] Up to that time the Ford Motor | steadily rising stream and bid fair to|feel the tide of returning prosperity. Merely Seasonable Route. | business affairs has not reached him.| through his meteoric manufacturing| last thirty days. While they do not|Company had never borrowed any | soon equal 60 per cent. of the normal|Our business is a barometer. We are! Grover A. Whalen, Comissioner ef M:. Ford is, 1 might say, only a| career and are in pretty close touch| set the Information direct from Mr.|money for the business. Expansions | output of the plant. When the sur-j|cersain that the revival of orders for| piant and Structures, sald to-day he with them now. Ford they infer, from what they|were financed out of profits. But to|plus of cars ts disposed of the ex-|our product means that better times| 14 ror the fnst tine report adyersel CMSUN) Seater of the newspapers. | know of him and his methods, that|swing the purchase of the minority |ecutives of the business believe vhe|are in sight—that the period of de- cuak ooneuie oa erecly And as to the financial state of the|A = CHARACTERISTIC — STORY / ie betleves the Wusiness will be in| shares it waa necessary for Mr, Ford |demand will be greater than at the| pression is over—that the reconstruc. {to the application by. Phe’ Glacon “Point ord Company and Henry Pord, such shape by March 16 that he oan | to borrow $60,000,000. Of this he | Corresponding time In 1920. tion made necessary by the war is y. Operating 4 seen ae tay ie te] ABOUT THE MOTOR KING. | tii) “care. ‘ot pressing obligations | owes, to-day, “approximately, $26,- |. T aeked one of the Ford men how|besinning to show accomplishment.”| ve "hirona.! and’ North ry banker in the country who These men dit talk freely about|from income and that 000,000, he accounted for the fact thay while for re-establish: ith § industries throughout the country| (An article to-morrow will deal] ing tho service. company pr interested has full information in his} Henry Ford—tf they are eure he willl essary to born ‘opoaed were closing down for lack of orders| teith the recent resignation of many|a rental to the city on a 5 per cent. of desk or knows how to get it. Con-|nét hear that they have been talking| that inight‘aris ; r sae aTHe tay | ou 4 ts i ir.| about him. Ag far as that goes,|sum required wi id in Federal taxes approximately | ai) through the summer the Ford de-|of Mr. Ford's high-priced executives |SToss basis or a city guarantee, corning the report persistently cir-| about him. | Ag far ks about " 44,000,000 on the profits of the busi: |mand did nov cease until November. |and with the rumor that he has| sorriiov one and thar oul? tarties ae: oulated that Mr, Mord tw in the! Svefybody in Detroit talks about) small ness for 1919, in addition to all other | ces sonab m4 f ang 8 i one and that only. ferrie Se dth Siebold, “At thie dt: Henry Ford, and he ta the subject of bn ye theifoll Hdanolere & pe : r al The reason is,” he replied, “that| squandered vast sums in needless and\ing a elve months’ business w. - c thie time he 4 Tam told by de nd| charges and from $8,000,000 to $1%.-lthe Ford car has become a prime | unproductive expansion.) prove = hhas nothing to say for publication.” arket for money, local bankers dO] stories told wherever:men congregate.| purines men that big metropolitan | 000,000 in employees’ bonuses, ‘The od ventire for city operation. “PHYSICALLY STRONG AND)“ Uellevo, from all they can learn,| ‘Tho baseball fans of Detroit Ravel banking interests began to wend Mr.|tax payments were made in four In- MENTALLY ALERT. tha: Mx Ford will borrow any time|®, big dinner to Ty Cobb ‘Tuesday| Ford “feelgrs” about a loun mone two | staiments—the Inst on Dec, 18, 1920, As to perhaps ti * 4 money before Mareh 1, and perhaps | Msht en guests were not! months Since that time he hus|a few day poate de i euiests é u . Since thi . ~ before the plant shut t f king about Ty or Hughie Jenninge|had several offers of financial aasist- | down. z meant] they were talking about Henry Ford.|ance—-some say four, some vay 81X.] On the profits 20 the Ford | money obtained on loans to be paid| Here ip one story { heard: 1 offers, I am tolg, were all of| Company will nav in Federal In 1920 the Ford Motor Company (Continued Fro iret Page. not then. By “time money’ , succumbed to the M ‘ a i <ah sion of & period of yeate| . Me. Sond: bas his mansion a -time loans ut the present price | taxes $60,000,000 0 : @train of recent discouraging inc detest fon of a period of yours) et pipe organ. Recently he sent] of money and urned ther "0 | paym eae oe mataly sizsoo ey ‘ . Rant: iy bis business, 1 que —vay ten years, word to the firm that had Instalied| all down, No P Conan ab ewer Clothing Manufacturers Become Retailers, ‘ man who has t r Henry Ford ts very ciose to De- organ that {t was out of nform: 8 of the Ford Motor Com- ° * . Be elena “tor fitcen “youre nnd. whom| ‘olt. Mls Intorema ad the tndus-| The best organ fixer 10 the on vision “i pany's“umnonse’ protta i inteusiied the Public to Get the Benefit of Lower Prices . Wuthtuiness and sincerity I have) ‘fal interests of the city are cloaely| “br tinkered with the instrument] Ford organization, Fis, of course, by Rever had reason to doubt. He ins|!terwoven. One-fourth of the iN-| or ve days before he discovered the p based of an he demand for the product SUITS AND OVERCOATS TO BE SOLD ween Mr. Word within a ek and | dustridl income of Detroit Is obtained | trouble he sought out Mr.| + ig ae! ‘é Fond Motor Company talked to him at length on business/ from the output of tho Ford facto hae and . somebody | = way to produce at top speed . | : une the otitput c ‘aries | Has been ' one six months there would ! “It would be idie to 4 said my | Which si iy the Ford concert s the inter, pecans we have|!t will be on shor | in Highland} anything like it| one of @riend, “that Mr. Ford is not wor-| When the Ford work ron t it would | ied, but he has been more worried | Park closed down on Dec. 22 last,| before. Mr » somebody has borrow | fivery American citizen realizes existing con- public directly and independently of the retaile @bout his son Edsel, who was re-| throwing 40,000 men out of work, | crawled ig My organ and sawed , ° ditions and knows something radi “al must be offering his clothing to the consumer at the wently operated pendicitig| fully 100 inore factories which sup-|" “gy it took you lay to find| York for | an White 1 the | done to remedy them : a prices he has been endeavoring to sell it to the 3 ‘end is now conva +! ply the Ford concerns with car parts! that they fr ( The buyers’ strike; which has been prevailing retail trade. ‘The manufacturer is stocked uy and accessories had to suspend oper “AI Mr. Ford's friends and bust- | %S afd probably 30,000 additionai | Just to see how long it would take employees found themse’ on the| One of you experts to locate the dam- athe Ford Mor Geran (a7 Po ole abe: {for some time in the clothing trade, has brought — with a surplus of good: Nov. 1 it came to a complete about a crisis between" the wholesale clothing going, even if he has tc _ “set eg atone: he| sidewalk, ‘These smaller cdncerns| @ re a ie eed Tapes i p In the a RET Hl Ee would manufacturer and the retailer, The retail mer- The public will undoubtedly reap the benefit as a problem on hand he shuts him-| cannot resume operation 1 the| Men who know Mr, Ford well do| It r 0 go here intu|come to lite again Mr. Ford kept his ti atone bbe a : * a watatne tie Nae @elf up and figures it out. He has| Ford factories are in full blast not fell that sort of story about him.| the reasons why. the ‘Word Motor |enormously expensive. plant running |Cbant is stocked up with clothing purchased at this method of merchandising by paying th a big problem on hand, namely the! , Detroit 1& full of men of affairs who| They take him seriously. Such men uny, with Its almost unbellev-|for seven w His fundamental |high price levels, and persistently refuses to wholesale price for the clothing. i os. faa if knew Henry Ford when he aseure me that Henry Mord aves not} able profits, might, conceiveably be | reason for this action, his friends say,!eome down in price to meet the accumulating A combination of wholesale clothing manu Peorganization “of his business. He| earning $65 a month and from gut.| have to look for money. ‘They say|in need of money. Understanding | was to keap from 70,000 to 80,000 men : i had q has recently been compelied to do| ward appenrances seemed destined| that if It becomes necessary for him| will req the recital of some trans- | at wort demand on the part of the public, which stands — facturers of high repute, who are responsible fo: gome things that distressed lim ex- to be a $65 a month man for the rest| to borrow moncy he will ae on his | |e which may have passed from| ‘The all going out and little coming by waiting to purchase when the price seems to this new idea for disposing of their stock of Be @nd sympathetic man. car with Henry Ford at the wheol— | at work. Ford bought out the minority mag, but the bonuses were paid. high prices on account of the high cost to him, John St. The response has been so great that “Mr. Ford is mentally elert und | or steering gear—which sapgnt almost! Onlens for cara, a they say, ure com-' holders in the Ford Motor Cor Almost before the echoes of the hum | having purchased his present stock of clothing the premises were not large enough, se a new show Maat : at the artificially high price demanded before room is being opened Saturday morning at 90 the public determined to stop buying at these Nassau St., and at both addresses they will con unreasonable _leve' The retailer either must tinue the sale of their entire stock of high clas- take his loss by disposing of his stock at cheaper clothing at wholesale prices—the self-same prices prices, or meet competition from a source which they have been oifering it to the retail tan is prepared to come down to the level of what The stock consists of men’s and young men’- the public is ready and willing to pay. The suits and coats; prices from $12.50, &17.50 business of the manufacturer must go on in spite $22.50, $26.50, $29.50, %32.50 and $37.50. of the retailer's refusal to unload and stock up These are high grade, hand tailored clothes again at the low prices the manufacturer is wait- and the regular retail prices are $25, $35, #45 ing to offer him. This continued refusa! of the 860, $65 and $75. retail merchant to sell his present stock, and With these manufacturers it is simply a matte: thereby contribute his share in the readjustment of selling at the cost of manufacture, and ever TH of the trade to new conditions, has left the whole- below cost, or close up. The manufacturer's S A I | J R DA Y F E B 5 > sale clothing trade with no market for its goods. _ necessity in this case becomes the consumer’: 9 } . The only solution of the problem, unless the man- _ opportunity. 8 2 0 A N i AT TA N AV E : ufacturer closes up shop, is for him to reach the Money refunded if purchase is not satisfactor, M . id must keep his plant D could offer Aecurl i i stand a loss in doing s and the p thes to t fo would ea Being Conducted by the Manufacturers at Both Shops of G R E E N P () I N E 99 Nassau St., ee wer 40 John St., Bennett Bldg., near Fulton St. Between Nassau and William > Both Shops up 1 flight. Open Saturday until9 P.M. Other Evenings until 7. No goods sold to Retailers. None sent C. 0. D. or on approval. FREE ONE PAIR SILK HOSE OR | ‘TWO PAIRS LISLE HOSE | It Is a Pleasure to Shop Where assortments are comprehensive,: attention is of the most courteous and prices are extremely moderate. E tremendous demand for Beck Hazzard Shoes has neces- sitated the opening of a Greenpoint Store. To make a real | event of the occasion every purchaser of shoes will receive, abso- lutely free, a pair of fine silk hose or, if preferred, two pairs of lisle hose. On opening day and at the new store only. This is the case in The Children’s Department Fourth Floor A Group of Sections devoted ex- clusively to the Younger Generation ONE PRICE prnems Bagh an Cpe fevated wing $ ehgeser ‘ores yes ir tip, Prica so . meee ALL STYLES—ALL LEATHERS. . °°” FOR MEN AND WOMEN | Girls’ Jersey Dresses $16.50 Pleated skirt and over- blouse with patch pockets, string belt, linen collar and cuffs. Nut brown, rookie, Copenhagen, henna. Sizes 13, 15, 17 years. Big Girls’ High Shoes Black gunmetal, le, kid top. $7.50 Patent leather, kid top Bole reg—Newer patern $8.00 brogue, English lase, Chip- Duck Unings. Red an Russia calfskin White $8.00. Creepers $2.95 For the very small tot. White striped madras trimmed with pink and blue cham- White buckskin, laced and buttoned. $10.75 Big Boys’ Shoes This includes for men genuine Calfskins, Oak soles, Army Duck linings and Rubber heels. For women newest styles in black, brown and gray | suedes, Russia calf, genuine colored kids in newest strap effects; also pop- |] bray aye ular brogues and pea boots. Pooks? Bs A ered, “~~ Infants’ white buck- Tan or blac styles. Sizes 1 to 6 laced om skin or tan calfskin. Sizes Sizes Ito » , , : 414 to 8. 2 years. oe je ' 2 $4.25 Lord & Taylor 38th Street —FIFTH AVENUE— 39th Street 50 STORES 50 STORES THE LARGEST CHAIN OF CONSULT TELEPHONE RETAIL SHOE STORES IN DIRECTORY FOR ANY CITY IN THE WORLD ADDRES SES5& |