Detroit Free Press from Detroit, Michigan • Page 1

The Detroit eporter Complete TV Programs See Page 7 PAY NO MORE 504 HOURS AND STILL ON GUARD THURSDAY, DECEMBER 22, I95S CIRC. ,00,000 Ik) TO LnJi A- Also Hold 8 orih Billions Ford illion econd Union Ask Record 264 Million City Budget Nef 312 Millions BY CHARLES MAXOS (Free Press Unit) The 11 men who supervise the day-to-day operations of the Ford Motor Co. will split for their services in 1955, the company disclosed today. They will receive a total of $2,414,500 in salaries plus $917. 814 in stock dividends.

In addition, they have previously earned $8,067,500 in ao cumulated credits to be paid them later. The two top salaried men on the Ford payroll are Henry Ford II, president, and Ernest R. Breech, chairman of the board of directors. Ford and Breech each received pay of $321,000 and each has $925,000 -ia-fc cumulated credits. effles 4 -rm BY JEROME HANSEN and DON BALL rvj nT BY JOHN GALLAGHER and TOM NICHOLSON i (Free Press and Times Units) I A second craft union reached contract agreement (Times and Free Press Units) LU1 yu.

uib- City department heads have asked for a record sfavv ednesday it is a to run tho ritv in 1956-57 fiscal vpar. 483,010,500 concern with a Budget Director Robert S. Reason disclosed Wednesday. income of $312,000,000 JSC with the Detroit Newspaper Publishers Association Wed 'f for the first nine months of The figure was nearly $7,000,000 higher than the ERNEST K. BREECH nesday but there still was no The Dair havp heen lew sign of an end to the city's a departments' requests of last year, but, at the same time, it is about 12 million dollars less than what Reason last week estimated it would be.

ures in ine comnanvs mien 22-day newspaper strike. City departments asked for current operations It was announced that negotiations with all six unions still bargaining would adjourn last year. Reason, "however, pruned some 52 million from the budget 1955. Disclosure of the long closely guarded secrets of the worth of the Ford industrial empire was made when the company filed a registration statement with the Securities and Exchange Commission covering the proposed offering of 10,200,000 shares of common stock. The 10,200,000 shares Is some 22 per cent more than the 7,000,0000 shares Ford said would be offered for sale, to the public.

.1 before it was sent to Mayor November Profitable for DSR Cobo. 105 MILLION TAX In its final form, Common after Thursday until early next week. After an all-day session Wednesday, the Paper and Plate Handlers Local 10, accepted a contract running until March 1, 1957. While no terms were announced, it was learned that the Paper Handlers will get a wage Photo by Richard Jleyza, Times Unit LOOT: Detective Lt. William Krimmel (left) and Detective James Bannon at Bethune Station listing Council approved an operating budget of 207 million.

Of that total, 105 million came from property taxes and 102 million from outside revenues such as First public offering of Ford stock will be Jan. 18 and it is raise of a week the same The DSR reported a net profit of $25,654 for November and for the first time in 10 years amount won Tuesday night by believed to be the largest corpo traffic fines and sales tax re bates. rate offering in Printing Pressman Local 13. Despite the twin agreements, No price has been set by the Reason has until Feb. 28 to submit his recommendations to leaders of the three unions offi seven brokerage firms under JOHN S.

BUGAS the mayor. indicated the system is enjoying an increase in passenger volume together with an increase in miles traveled. Leo J. Nowicki, general manager, reported that a net profit for the five months ending Nov. writing the offering, but the $5 cially on strike vowed they would not return to work "so worth of shoplifting loot found in two homes, 2 Women Nabbed As Shoplifters By ED BKESLIN and JDI HART (Times Unit) An eagle-eyed detective with a reputation for spot gram of modernization and expansion.

Breech also received $88,290 in dividends on his 27,000 shares of stock in the company. The 1955 incomes of Benson Ford and William C. Ford are considerably less than that received by their older brother As vice president and director of Mercury and Special Products Division, Benson received $190,000 and has $480,000 in accumulated credits. As vice president and general manager of the Continental division, young Bill Ford earned $97,500. He has $142,500 in ao cumulated credits.

5 INSTALLMENTS The accumulated credits are part of a supplemental compen- sation plan. The credits are paid to the individual in five equal, installments after the termina tion of his employment. The company's two executive vice presidents each re- ceived $270,000. They are Lewis D. Crusoe, lit charge of car and truck divisions, and Delmar S.

Harder, head of basic manufacturing. Crusoe also got $73,575 in divf-dends on his 22,500 shares of stock. He has piled up $722,500 In credits. par value stock is expected to Cobo will have until March 27 to review the recommendations long as unresolved issues re be offered at $60 to $70 a share. and make changes.

He must main on the bargaining table in The offering has already been oversubscribed. submit his proposed budget totaled $193,440 compared to current negotiations for a con tract." Council by April 10. a loss of $89,031 for the same 4 BILLION SALES period a year ago, The registration statement re vealed: 1 Sales for the first nine Council has until May 4 to come up with a final figure. The budget requests include $30,058,000 for debt retirement and interest on bonds, an increase of nearly for pensions, an increase of $1,375,000, and $205,741,000 ting shoplifters in Christmas-buying crowds was credited Thursday with the recovery of $5,000 worth of stolen goods. I months of 1955 were $4,042,600, 000.

However, Nowicki said the profit for the five months of 1955 would have been greater but for an additional monthly cost of $62,000 for wage improvements granted to all employes last September. Passenger volume is up Max Burns, president of Detroit Mailers Union No. 40; George Robinson, president of the Detroit Stereotypers L'nion No. 9, and Kennett A. Hull, president of Detroit Typographical L'nion No.

18, made that clear in a joint statement. "It should come' as no real surprise to the three Detroit mean only one thing: shop- 2 Net income for the first lifters nine months of the year was for general operations, an in $312,000,000. Bannon, in plain clothes, identified himself, ordered the girls back into the store and called the manager. 829 riders over a year ago and crease of $50,000,000. CAN'T BE CUT The largest request that can 3 Total capital and earnings retained in the business on Sept.

30,1955, was daily newspaper publishers that mailers and printers were The two decided calisthenics Detective James Bannon of Bethune Station latched onto his latest quarry while in a store on Woodward near Grand Blvd. Bannon noticed Patricia Smith, 26, of 557 E. Willis, and Beverly Watkins, 20, of 1923 W. Euclid. Their actions indicated their holiday feelings were more in the nature of taking than giving.

I i not be reduced is $16,650,000 to finance construction of the Convention and Exhibits Building in might limber up the Smith 4 Stock options have been coaches, streetcars and trolley coaches were driven an additional 162.610 miles. The DSR carries a daily load average of 608,955 and registers approximately 175,000 miles every 24 hours. forced to take strike action," they said. D. S.

HARDER granted to certain executives girl. Bannon ordered: "Hop, straddle and jump!" the Civic Center. The city al However, it does come as a and the company has adopted ready has committed itself to When the Smith girl strad surprise to the Mailers and spend this money. a savings and stock investment program for salaried employes. naraer got in dividends and has $750,000 in the credits fund.

The next man on the (Continued on Page 2) 5 Ford plans to Introduce a The request is 11 million higher than the current appropriation for construction in the new line of passenger cars. The women spotted Bannon Dividends paid on the out-' Blasted Out of Seats center. Another unavoidable expendi- and hied themselves off to the nearbv Vanity Fair store at standing stock for 1955 were equivalent to $3.27 a share. Ford payroll is William T. Gos-sett, vice president and general counsel.

PAY $230,000 His paychecks amount to $230,000. Wo rnt 77 In ture is a $1,200,000 increase in These shares were the appropriation for the Elec- Melvindale's councilmen were 6535 Woodward. PATIENCE REWARDED dled, a beige wool dress she was holding between her legs fell to the floor. A bulge under the Watkins woman's coat excited curiosity. In reply to Bannon's order, Beverly opened the coat.

Another beige wool dress. Both women, taken io Bethune station, pleaded for mercy. They told Bannon to go to the homes of Henry Green, 39, of 250 Hendrie and of Taylor Wiser, 36, of 546 E. Palmer. shares of non-voting class tion Commission.

The national; blasted out of their seats Wred- WMC Bonds Purchased A student center at Western Michigan College at Kalamazoo and an improved water-supply system for Flat Rock were assured Wednesday by revenue-bond purchases by 13 firms. First of Michigan and stock, held chiefly by the Ford election to be held in the fall of nesday night literally Bannon, feeling he might be Foundation, and shares j.3jo dnu uie sidie eieuuuii 111 uasoune a sump pump in ine spring 01 are mamea a tunnel beneath the Council of Class voting stock held by the Ford family. chamber at 3100 Oakwood was too obvious in a surrounding of lingerie, decided to wait outside. His patience was rewarded. The two women came out.

The Smith girl was stiff-legged. blamed for the explosion that brought a quick end to the Blyth headed a group of TO BE RECLASSIFIED After the split of stock the company's Class A and Class (Continued on Page 2) Council meeting. for the increase. This year's appropriation was $710,000 because there were no general elections. Other requests include for five and a half story addition to Recorder's Court.

The Fire Department is asking for a new fire boat. The Po Bannon and four moreinine firms which purchased whereas she had ambulated in $2,500,000 bonds to finance the more or less fluid motion! detectives found Green and 11 other men at the Hendrie St LEWIS D. CRUSOE minutes before. To a sharp-eyed detective like Bannon stiff-legged women and $625,000 in credits. Irving A.

Duffy, vice president and general manager of tractor and implement division, was paid $190,000 for the year. His stock dividends amount to $58,860 and his credits total $425,000. Theodore O. Yntema, vice president, finance, received and has $58,860 in dividends and $425,500 in credits. The onetime head of the FBI bureau in Detroit, John S.

Bu-gas, received pay of $183,750. He has $58,860 in dividends and $475,000 in accumulated credits as a vice president in charge of industrial relations. A dozen windows were blown out and plaster cracked. There were cracks In the outside masonry and doors were blown from the year-old, one-story building. Councilmen tabled their business for another night.

student center. Flat Rock sold $900,000 in water-revenue bonds to five firms which will reoffer them at a yield from 2.75 to 3.85 per cent. These will mature within three to 37 years. lice Department wants $645,000 Beat Pair. Get $3,003 address.

In a bedroom were women's clothing, radios, binoculars, leather goods and other items valued at about $4,000. BLAMES HIS WIFE Green blamed his wife, Victoria, 37, whom he described as for a new precinct station at Gratiot and Mack. If the money (Continued on Page 2) A kosher meat and delicates sen warehouse at 4089 Elmhurst was held up Wednesday by two "a shoplifter for 24 Bannon doubts this story be-i men who used fists and a ham Auto Hits Three Girls mer to collect $3,003 from Zell Lefkofsky, one of the co-owners. One of the men knocked Lef a motorist Knocked down! Talmadge T. Smith, 33.

of Warren in Saratoga General cause Victoria has been in the Detroit House of Correction for a year. She is "serving three to five years for shoplifting. At Wiser's home, Bannon and his crew found another $1,000 in assorted merchandise. three school girls Wednesday 4370 Lakeview. father of five afternoon after they left a buschildren' was on.a cha.rge 1 Hospital with a leg fracture; kofsky down and the other hit and Margaret Burkhert.

14, of Alfred E. Johnson, 25, of 2701 12390 Frankfurt, in Saratoga Hogarth. Johnson's helper, with with fractures of a wrist andja hammer, two fingers. The thugs took cash at E. Warren and t-naimers.

involve John K. Davis, vice president, special assignments, was paid $152,500. His stock dividends amount to $58,860 and credits total $427,500. On Jan. 1, 1955, the company established a plan for providing supplemental pay to certain sal-aried employees who contribute to its success.

Police said he had been drink-; Green and Wiser were taken Jean Guthrie. 13. of oioO Witnesses said Smith ran and $203 in checks from Lefkof- SHOPPING DAYS skys wallet, tied the two men with strings from butchers' rn a Lj 1 ct ac i.icj. x.vvj u.c 5jna auncicu ieg i aa in uctiuu licjuuiku through a red light at the mter- JIUUnKlJl lYirw I booked for investigation of re- fractures and the third, frac-j Hospital with a leg fracture; section just before he hit the WILLIAM T. GOSSETT aprons and escaped.

aiuien piupeny. jiuifa oi. iwr wnsi ana nngers. i Melvina Feldt, 12, of 12343 E.Jgirls,.