Show FORDS FORD'S PROFIT PLAN CLEARED Proposal to Share Share- With Railroad d Given Approval WASHINGTON Oct 13 Henry I rd's plan of ot profit sharIng on the Detroit Toledo Tol do Ironton rail rail- he bou bought ht two years 1 ago we wa fully explained today In Ina ina Ina a report made mado public by the Inter Inter- Interstate Interstate state elate commerce commission Any of the railroad will be permItted under the plan whIch re- re recently recently re recently was vae approved ved oy the Ibe corn como com to purchase In out of ot his wages the tho ee 1 certificates of ot Indebtedness In do- do de denominations nominations of ot 1500 and 1000 will be permitted to any amounts paid on the certificates at any time but butto butto butto to cannot oe oc told sold ihen ft hen fully puid old for tor and can be retaIned only by es of o the The company will undertake o to the tho money recoiled from Its es In additions an ani 1 better better- better merla It must pay a return upon the certificates annually will willbe willbe willbe be made from a special appropriation of net earnings s accord accord- accord to the tho contract In no nu event Is la th the amount paid oa 01 the certIficates to exceed i pe cent of o the tho net earnings of ot the thes estem tem and the amount will be paid only it If the board of ot directors of the company consider the action bel warranted i In their r application for fol commis slon elon approval sion-approval al al the Ford executives I said they believed that 30 0 per cent of tho the roads road's employed em would pur- pur purchase pur purchase chase chue the securities WELCOMES The commission In Its report re- re remarked re remarked marked that while the re-I re of the th'S plan is speculative It would be welcome as a contribution to I th the solution of o the problem of o ff- ff Ina n I I r employee and ande e t t F The world know knows the ultimate of ot this plan s as In industrial g the ald It It may bd that he can contribute something to the field of irons irons- trans as some of ot the things hohu hoha ho hu ha Introduced successfully In 11 th tb Ibid of ot Industry It Is our duty I to encourage the he experiment pro pro- proposed pro proposed posed end and give It our sanction In- In Insofar Insofar In Insofar 16 n ta BO e te are authorIzed to do doso doso lo so I DISSENTS I l ner Eastman dissent dissent- led dissent I elt ctt to t decision granting the p on 01 the ground that the 1 condition of the Detroit Toi do 0 Ironton did not give rIve any I guarantee to the ability of ot the compary y to pay a return on the saving of ot Its lia employee |