The Courier News from Blytheville, Arkansas on December 23, 1955 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

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Blytheville, Arkansas
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Friday, December 23, 1955
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Page 3
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FRIDAY, DECEMBER 28, 1055 BLYTHEVILLE (AUK.) COURIER NEWS PAGE THREB Public Stock Sale is Last Of Ford's Breaks with Past By'SAM i) \wsov NEW YORK (AP) — The Ford stock registration dramatizes today how the motor company lias almost completely changed its personality since the daysof Henry Ford the first. In 10 years Henry Ford II has scrapped many of the business practices that made his grandfather a symbol of an earlier business era. Inviting the jmblic to come and buy fiO per cent of the voting stock in the company which Gnuuipa had spent huge sums to m-uke a strictly one-family show is just the last in long list of breaks with the past. Henry I startled businessmen of his day by offering to pay his workers $5 a day. But he also stubbornly resisted unionization of his plants as long -AS he could. His grandson startled today's elder generation 01 industrial cxc- utive.s by becoming the first head of a corporate giant to take prc-l liminary steps toward a guaran-j iced annual wage. j Scoffed Publicity | The first Ford scoffed at puli-j licity. He made the tin lizzy us- cheap as possible and said thai the jokes about it would sell the car. At any rate, the cars did sell. The present management uses every trick of the trade to ballyhoo its models. Henry 1 prelerred his cars to stay a dignified black. Henry n has borrowed every color of the rainbow and made up a few more of his own. But it was in the field of business management that the youngster made the biggest break,, with the precept* of his grandfather. The founder ran a one-man show. He hired good brains just HS he hired good workmen. But the vital decisions were his own and often they seemed arbitrary. There was little or no delegation 0! responsibility and authority. Changed That Henry II changed all that, and quick. In 1946 he brought in three men who had great respect for modern methods of scientific business administration. They were E. R. Breech, now chairman. L.D. Crusoe, now executive vice president in charge of the car and truck divisions, and D.S. Harder, now executive vice .president in charge of the basic manufacturing Drive-In Trash Cons Helpful TALLAHASSEE. Pla. <.*•>—Drive- in trash cans are Florida's latest method of coaxing motorists not to scatter rubbish along the highways. Signs along the right-of-way advise drivers they are approaching fhe cans which are set back from the road and reached by semi-circular approaches. All the motorist- has to do is pause briefly, lean out the car window, drop in his trasn and be on his way. divisions. They revamped Ford management from top to bottom. They Installed an accounting system, a cost .system, and a system of controls. And they estblished a line of responsibility and authority throughout the vast Ford empire. The company under Henry II has an eye out for new products and for methods of automation that might well have startled the founder. The old man had to have partners to help him yet started in 1903 on a capital aiillny of ?28,000. Bui lie hated the thought of having anyone tell him how to run the company — specifically to try to stop him from plowing back most of the earnings into growth rather than handing them out as divi- CASTLE FILMS tor Fun At Horn* Own And Show 8mm-16mm WOODY WOODPECKER • Wicky Wacky • The Gate Crasher Sleep Happy OSWALD, THE RABBIT i • Brat Cat • love Sick ^» Keeper Of The Lions ANDY PANDA • The Wacky Weed Apple Andy • Mousie Come Home ORDER YOUR HIMS TODAY k 6mm Hiidllnt $1.95 HMdllnt $2.95 Complex SI.9S CompIlM J9.75 ISmm Sound Di Lui« Edition S21.75 GUARD'S Jewelry Store dends to his partners. So he bought the partners out in 1919 tor 106 million dollars and went it alone. Now Henry II is inviting what could turn out ij be several hundred thousand partners to join him, as buyers of the 10,200.000 shares the Ford Foundation is selling next month. He indicates, however, that one of Grandpa's precepts is still his own —.pay-as-you-go. The company has put I 1 /- billion dollars of earnings into expansion since the war. Its future' plans come to almost one billion more. But the company, Which has no debts now, says it doesn't plan to borrow any money to meet that billion-dollar bill. And it proposes to pay a modes $2.40-a-year divi- dent to the public purchasers of its stock. Union Official Convicted Of False Statements DENVER OrV-Maurice B. Travis 45-year-old union official, was convicted Wednesday night of filing false non-Communist affidavits with the National Labor Relations Board in 1951 and 1952. A six-man, six-woman U. S. District Court jury convicted him on all our counts of a Colorado grand jury Indictment which resulted in his arrest Oct. 28, 1954. Travis, former secretary-treasurer of tile International Union of Mine, Mill & Smelter Wrokers (independent) and now its regional representative at Los Angeles, faces up to 20 years in prison and $40,000 in fines, or both. Judge Jean S. Breitenstein gave defense lawyers until Jan. 13 to file new trial motions, which will be heard Feb. 15. He allowed the bulky union official, who wears a patch over an eye lost in a labtu- i skirmish, to remain free on $10,000 bond. Three Men Are Held In Death Of AF Officer and Relative ALEXANDRIA, La. (ff'j—A police dragnet .snapped shut on three men yesterday in a search for the slayer of aii Air Force officer and his iiuh'.T-m-Iaw. I>UK:tive Chief Bud K. Ellington Miid the three were picked up and were being brought in. He gove no further details of the capture by stale and local police. He -.aid a .22 caliber pistol was UM-d in the .slaying of Capt. Edward M. Faelknor, 32, of Knoxville. Tenn., and his father-in-law, Frank E. Miller, a Clinton, S. C., furniture salesman. Kllin<4ton said an intruder shot to death the men apparently when surprised hi a burglary attempt. Olficers pieced together this story of i lie slaying in talks with the victims' wives and neighbors. ! family Birthday TOP-NOTCH 8 m + £J m-IOi DENVER (/P)~ It's family tradition. Bill Blank was celebrating his 28th birthday and his wife Marilyn her 25th, when young Stephen Gary got in the act by arriving two weeks earlv. Stephen is the couple's first child. Dual Cocos MELBOURNE tf) — The COCOS Islands »Toup in the Indian Ocean hn.s been made a part of Australian territory with Australia taking over the cable station which assists shipping 1 operations in that part of the world. There is another Cocos Island riot fur from the Pacific gateway of ihe Panama Canal. This Cocos Island belongs to Costa Rica. A 4-year-old daughter of Faolk- nor awoke to find the intruder in her room. He told her he was a friend of her father's and told her not to cry. He said IJR had brought a package for the family. He then went into the room occupied by the Millers, and Mrs. Miller was awakened. She woke up Paelknor. who cornered the intruder in his in-laws' room. Someone threw on a light, and the man shot Faelknor three times in the chest, killing him. Miller appeared, and the intruder killed him with one shot in the chest. The intruder; a white man of medium build, wearing a handkerchief ma«ic, ran through the Faelk- nors' bedroom where MJJ. Faelk- nor had been awakened by the j shooting. j Mrs. Faelknor said, "Please don't I shoot." The intruder said, "All right,! keep your mouth shut." He then i fled In an automobile. familiar, and she could, Identify Mrs. Faelknor said the man looked him when uhe saw him again. EXPERT WATER PUMP REPAIR Hubbard Hardware Phone 2-2015 REMINGTON RAND Typewriters — Adding Machines — Calculator* Portable - Standard - Electric Business Systems Authorized Salet and Service! WHITLEY OFFICE SUPPLY 106 So. Fifth Phone 3-8801 G. 0. POETZ OIL CO. FUEL OIL "I Sell That Stuff" Phone 2-2089 Visit Conny's Conoco Service, Ash & Division CINDERELLA; And The Silver Skates The favorite story of Cinderella p«. ( formed on ice. Delpite the crudry of, her slop-mother and step-sisiers, she; mends the Prince's ball with the he!rj| of the Good Fairy. There disguised «J a Prince!, she dazzles the Prince «s she hirls about the ice on her silvery ASK FOR NEW CATALOG • W E S T E R N S 1 • COMEDIES • TRAVELOGUES •ADVENTURES CimpMt *i." CBtnplelt $».« 16mm Sound Deluxe Ec/illon SJI.75 GUARD'S Jewelry Store From Guard's. IS foFthe PHOTO fan The "Professional" look to your Home Movies with Skpar You'll Ret bettor, more exciting movies when you add Elgeet Wide Angle and Telephoto Lenses to your movie camera. There is an Elgeet Rochester-made and guaranteed lens precision designed and engineered for YOUR 8mm or 16mm camera, at surprisingly low prices. For instance — Elgeet CINEMATAR Lenses and Attachments ttart at '17.9S Elgeet NAVITAR Lenses start at '19.7S FOR MTTEft MOVKS U | Accessory Lenses Guard's Jewelers SHH» 1908 o We say Merry Christmas to at! o<*r friends and customers .. . We want you all to know how much we have enjoyed yow patronage and friendship and we take this opportunity to wish yo« and yours - - a holiday complete with happiness to last forever and ever! R. D. HUGHES CO. Mason Day Fred Sandefur Walter Day

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