Salt Lake Telegram | 1927-02-05 | Page 3 | Ford Refuses Billion Offer

fORD OFFER Edsel and Father Having Too Much Fun to Sell Plant NEW YORK Feb 5 How AP-How Edsel Ford refused an offer of for th tho Ford Motor company because ho and his father were vere havIng too much fun was revealed hero here today Stuart W. W Webb presIdent of the Eastern Manufacturing company saId that in 1924 he made the tho offer i ito to the Fords on behalf of the New NewYork NewYork York brokerage house or of hornblower Hornblower Horn Horn- blower Weeks Webb said that Edsel Ford declined de- de dined to consider an offer of for a quarter interest In the theFord theFord Ford company in 1923 The next year Webb said he offered or- or In Cash for Ford lold stock What would I do with all that money Edsel Ford You have It now in a diff different rent form Webb replied We Ve couldn't do that were we're ha haying hay hay- ing too much fun said Edsel John W. W Prentiss senior partner of Hornblower er Weeks testified In Washington that his offer of a billion to Henry Ford had been de- de dined The New ew York World says today reports are curr current nt in automobile circles that a motor combInation rivaling the Ford company and General Motors Is being sponsored by a Wall Vall street group Dodge Packard Nash and Mack Trucks are said to be included In Inthe inthe the propose combine which In point of assets capitalization and production capacity would rank as one of the biggest corporations of the world