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Salt Lake Telegram | 1933-09-01 | Page 1 | Belief Grows Ford Has Unique Scheme

Type issue
Date 1933-09-01
Paper Salt Lake Telegram
Language eng
City Salt Lake City
County Salt Lake
Rights No Copyright - United States (NoC-US)
Publisher Digitized by J. Willard Marriott Library, University of Utah
ARK ark:/87278/s6n3151b
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6n3151b

Page Metadata

Article Title Belief Grows Ford Has Unique Scheme
Type article
Date 1933-09-01
Paper Salt Lake Telegram
Language eng
City Salt Lake City
County Salt Lake
Page 1
OCR Text Belief Grows Ford I Has Unique Scheme S heme Close Associate Asso of Auto uto Magnate Scoffs at Idea of Profit Sharing n Br Bi Associated Press DETROIT Sept I While l While belief grew here today that Henry Ford has some spectacular go it alone plan up his sleeve leeve in his controversy with the N R A a source close to he the ae motor manufacturer today scoffed at a rumor that sharIng sharing shar shar- ing g profits with is a part of ot the tile scheme Of ot all the reports which have been circulated about what Ford who Ford who has ot 4 not N H A auto automobile code mayor may or may not do an associate of the manufacturer who refused to top p permit his name to be used selected th the profit sharing gossip for a flat denial Its strictly the bunk he said Other associates declining the use of at their names said the they did zot ot behove believe be be- lieve hove the motor manufacturer er ever would agree to any further scheme of sharing profit-sharing than is now practiced They said that for many years of the Ford Motor company have participated in the company's profits through an organization bank rom which empt empl depositors depositors ye-depositors draw interest based on profits Belief continued to grow here however however how how- ever that the motor magnate who has refused any comment on his position Hon tion is preparing for a public explanation explanation ex ex- of ot his refusal to sign the code perhaps carl early next week when he returns to Detroit We look for th lh the whole thIn thing to be cleared up by next Tuesday said one associate of ot Ford declining to explain further Pressed for a statement officials remaining here durin during the vacation period said they knew nothing that would substantiate a report circulated widely today that Ford is planning to bring forth his own busm business s code that will better the theN N R A agreement signed by other by-other other automotive manufacturers It was pointed out that a 25 5 per percent percent percent cent increase in wa wages cs to Continued on Pate Pace Two RUMORS GROW CROW g gt IN FORD CASE t- t Continued from Pare Pace One would uld place the Ford company back backi i the famous 5 a day wage aban- aban a a few tew years ago The present of or 50 cents an hour is for tor torCHi ah CHi 1 hour eight-hour five day week GOne One associate also pointed out that by next Tuesday Ford will sill ill be back rom his vacation Other Ford officials oW- oW dais who are absent absent- also will return
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6n3151b/16233201