The Courier News from Blytheville, Arkansas on September 20, 1955 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

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Blytheville, Arkansas
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Tuesday, September 20, 1955
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Page 2
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BLTTHBVILLB (ARK.) COURIER NEWS TUESDAY, SEPTEMBER W, 19S5 IQYtort Ago Today; Henry Ford II Picked Up Where Henry I Left Off By DAVID J. WILKIE AP Automotive Editor DETROIT (AP) — Ten years ago a stubborn but tired old man resigned as president of the Ford Motor Co. Into the post stepped his 28-year-old grandson. For the Ford Motor Co. it was a history-making event. World War II had just ended. Big defense contracts \yere about to be terminated. The huge industrial empire the elder Henrj' Ford had founded and directed as one-man institution showed signs of tottering. To a younger Henry Ford backed | in manufacturing, In adminlstra-| good was the npme of Ford. The by all members 01 bis family ex-j uon. in financial affairs, in labor cepting- perhaps the retiring 82-j relations. Heading the management year-old patriarch fell the task of j team was Ernest R. Breech, lop- rebuilding the empire. I notch production man who had di- Did it frighten him? . reeled three General Motor subsi- "I didn't know enough to be | diaries. Today the company has frightened." he said later. ] more than a score of vice presi- In the decade that Henry Pordj dents. Each is responsible for a n has directed the destinies of vital phase of the company's op- the great family-owned automo- erations. live enterprise, he and his asso-,. Formation of the management ciates have brought it back into! team followed 'a major "house tr.e big money-making area, weath-j cleaning" Ford started when he ered some serious threats to its i stepped into the presidency. Many life and implemented a 2'4-bilHon-; 0 ](j time-worn policies, along with dollar expansion and moderniza- many individuals long associated tion program. j with the elder Ford, were swept Ambition Realized I out of the corporation. , . t „„„ . ,.,._( h . Numerous "fringe" enterprises And. temporary g least h deve , „ „ the company , s found . :,ior,s-to overTake <? **o ™ nt <""• ^ips that sailed the seven seas were sold; so, too, were big rubber, plantations in South America; tire manufacturing facilities, timberJands and saw has realized cherished ambit Chevrolet, his major competitor, in production and sales. Although disputed by Chevrolet. Ford Unofficial estimates from finan-j cial sources say this year's net] earnings of the Ford Mootr Co. | will top the estimated 1950 total j of 265 million dollars. That was the year of the auto industry's biggest output. Ford assemblies and sales will be greater this year then those of any previous year. Friends of young Ford say his ambition goes farther than just to "beat Chevrolet." They visualize Ford challenging General Motor? in all price classes. They point to the huge expansion program that has been underway since 1946. When currently planned projects are completed in 1B58 more than $2,325.000,000 will have been spent on expansion and modernization. More than 50 million square feet of floor space will have been added to present facilities. In Name Only An acrimonious lamny meeting is said to have preceded the elder Ford's resignation and his grandson's election as president. It was common knowledge that young Ford's father. Edsel B. Ford, had been president largely in name only, from 1918 until his death in 1943; that the elder Ford and forne of his close associates frequently countermanded commitments Edsel made, much to the latter's embarrassment. Eleanor Clay* Ford. Edsel's widow, reportedly threatened to sell her company holdings and the ptocfc she controlled as trustee for her younger children on the open market if the elder Ford did not step down and let her son. Henry H, become president In fact as well as in name. It was the same threat the company founder had used a quarter century earlier to force minority stockholders to sell their holdings to him. Thus, on Sept, 21, 1945, a couple of weeks after his 28th birthday, young Henry Ford, who had had relatively little experience in the business, became its president. Young Henry Ford was born In Detroit. He attended Hotchkiss school in Connecticut and was a Yale senior in 1940. He left school before graduation and took a brief apprenticeship in the Ford factories before joining the U.S. Naval Reserve as an ensign in 1941. He served at the Great Lakes Naval Training Station facility at Dearborn, Mich. Late in 1943 he was put on inactive duty and rejoined the company as a vice president. At 38, the six-foot Ford is becoming somewhat plump. To a characteristic personal charm and outspoken frankness he has added substantial poise in the decade he has hended the Ford company. A hard worker, he has the! faculty for quick discernment ana quick decisions. He gives full credit to his management team for much of the company's success during the last 10 years. Go I Help Unlke his grandfather, who fig- uraUvely carried ihe company's aifairs In his vest pocket, the younger Ford sought and got a lot of help. He brought together a group of experts in engineering, thousands of acres of farm lands and hydro power sites in various parts of the country. Board Chairman "Our business," explained young Ford, "Is making automobiles." Breech was made executive vice president. Later he became board chairman. This is the way Breech summed up the Ford situation at the time the younger Ford took over: "About all we had that was any company had lost 55 million dollars in the first half of 1946. had no real research. Even hte postwar engine was no good." Ford now has research; it has a styling division; it has labor direction; it has manufacturing responsibility and capacity; it has most of the things needed to battle General Motors. A golden torrent of profit, i multibillion-dollar expansion pro^ gram, a .still growing industria empire—these are fruits of young Henry Ford's first 10 years as head of the Ford Motor Co. His grandfather, with 11 other Detroiters, founded the business in 1903 with a total paid in cash capital of $28,000. Memphis Machine's Boys Show Little Interest in Mayor's Race MEMPHIS <f — Stalwart* of tbi islted the same question, replied: political organization left by th« late E. H. (Boss) Crump have shown little inclination to get In there and pitch In the Nov. 10 election. The administration, seeking a strong candidate for mayor to lead the reelection ticket, has run into a flat 'no" from its No. 1 choice, Walter Chandler. Newsmen who queried other former city officials rated as possible candidates found them highly reluctant — publicly, at least. In interviews with the Commercial Appeal, two of the top names in speculation over possible candidates almost — but not quite — took themselves out of the picture. Asked if he would accept nomination by the administration, former District Attorney General John Heiskell said: "Present circumstances are such that it is utterly impracticable for me to be a candidate for mayor." He declined to elaborate. Former City Judge Carl Stokes, "I have no wish, desire or intention of returning to public office at this time. I'm very happy in my law practice." Former Mayor Chandler, 68, said he will not try for toe four-year term at stake Nov. 10, but did agree to serve out the unexpired term of Mayor Trank Tobey, who died Sept. 11. >It extends until Deo. 31. He was to be sworn in today by the City Commission. He was generally rated the best vote-catcher the organization could field against an opposition slate headed by 'former Mayor S. Watkins Overton. Whether a third slate will enter Asthma Formula Used Most By Doctors Now Available Without Prescription Stops Attacks in Minutes . . . Relief LaiU for Houri! New York, H. V. <Sp«cUi> •- Medical New Primatene opens bronchial science has developed * new, tiny tubes, loosens mucous congestion, re- tablet that stops asthma attacks , . . lieves taut, nervous tension. All this and gives hours of freedom from re- without taking painful injections. currence of painful asthma spasms. The secret is -Primatene combines Authoritative medical tests proved 3 medicines found most effective in this remarkable compound brings combination for asthma distress. blessed relief in minutes, lasts hours. Each performs a special purpose. Thisformulaisprescribedmorethan So look forward to sleep at night any other by doctors. Now, asthma and freedom from asthma spasms ... sufferers can obtain this formula — i get Primatc.nc, at any drugstore. iption — in tiny, easy-i Only 98<? — money-back guarantee. without pres , to-take tablets called Frimatent \ ©I955.whit«h»nrhsni!ifi.ic«>mp*ny the race may be decided at a meeting of the Executive Committee of the Memphis Committee for Council-Manager Government. CUT OFF "EVIL" The ancient Romans started th« custom of docking a dog's till They believed that all the evil ot [he animol was located in his t»|j and if they cut it off, the dog *j j .j ana u uicy uiu u> vu, uie Read Courier New. Classified *1«' w(|Uldn , t bite or cause trouble . EASYMONEY-i . . . oud it's yours for the asking! • you're sensible, so you bought Insurance. But did yea bv tt lit the lowest cost? At Raymond Zachry Insurance Ar«uj you could have saved li% to 20%, yet be insured In one of Uu country's strongest and oldest Insurance companies A urinf of 15% to 20% Is, you'll agree, easy money. Then why pan H up? Why not Bet It? It's yours for the asking;. Before y» tar ; or renew insurance, find out how much more money you MB lave at Raymond Zachry Insurance Agency. RAYMOND ZACHRY 118 N. 2nd Insurance Agency Ph. 3-8815 SAVINGS - SERVICE - SATISFACTION Illinois nas less waste land in proprotion to total area than any other state in the Union. Lasting Relief for PILE PAIN: > CLINIC-TESTED TWntwi- Minor Ointment You l**l toothing comfort so fut, loo. That'* becauM Thornton-Minor Ointment u ft complete formula with fut- .tcting, long-IutiD; ttpecUl ingredimti to check itching, burning, pain <nd h«!p r«duc« swelling. Ointment or suppository form, only Sl.OO. Ask (or it ftt any drug etore but insist on nnu- in* Thornton-Minor Ointment. New Westinghouse DEEP DOOR FREEZER Holds 107 Packages in Door Alone! This all-new 14 cu. ft. Westinghouse Freezer has space enough for 490 Ibs. of food —107 cartons, packagea and juice cans in the new Deep Door alone! Automatic Juice Can Dispenser stores 25 cam releases them one at a time. Adjustable Door Shelves hold 14 packages each—all labels are easy to read. There's even an Ice Cream Keeper that conditions up to I'A gallons of ice cream for easy spooning. Here are other features that make this new Westinghouse 1 Freezer an outstanding value: "See-Through" Inner Doors that also serve as handy loading shelves; Roll-Out Storage Dra*er, Pastry Rack, Slide-Out Tray, Freez-File, special Quick-Freeze Compartment. Mod.l UFH-I40...MB. t.. J f\ JJ _ as low as •Hvr i mart dawn 4 week PRESCRIPTIONS Filled by Registered Pharmacists at all times Phone 2-2024 Accuracy and Dependability Are Always Yours. Prompt Delivery Service OWENS * EX ALL DRUG STORE I you CAN BE SURE...IF iTA\bstin£hoiise Ark-Mo Power Co. If It's A Listed Combine You Want We Have It! 4 Allis-Chalmers Pull-type W/Graln Bin $350 »nd up 3 Case Pull-Type W/Or>ln Bin only J3W »nd up 1 Massey-llarrls Clipper W/Motor and Grain Bin 1750.00 AIM) we have International, C«s« and Massey-Ilarrlf Self-Propelled Combines from J1500. SEE US BEFORE YOU BUY 61 IMPLEMENT COMPANY "The Farmer's Home of Satisfaction" N. Hlwayfil Ph.2-2112 See Today's Most Wanted Carpets Today • Luxurious New Textures • Distinctive New Weaves • Beautiful New Colors Exclusively at Jimmie Edwards Patterns Shown, by Gulistan Many others to choose from ^^ A Factory Representative will be in our store all day today and tomorrow with Complete Samples of all the new patterns in Broad- loom. He will offer expert advice in helping you make your selections. Come In Get Your Free G iliston DECOR-RATOR Showing all the new color schemes in carpeting! 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