Show FORD THE TIlE RICHEST MAN AN I HENRY FORD has has In the Ford I Motor company the largest income and If It capitalized the largest fortune fortune fortune for for- tune in the the world Profits Fronts before bElfore taxes In 1922 I will exceed After Arter I taxes they will be about a car With these earnings earnings earnings earn earn- ings the Ford Motor company could be capitalized at and pay 5 6 per cent on that capital Ford condemns banners bankers but with cash he himself Is the I largest Individual banker In the I country if it not In tLe the world Michigan Michi gan sugar sugar beet growers and automobile automobile automobile automo automo- MIChl-I MIChl bile manufacturers have little need for such a stupendous sum and only a few millions are banked In fn Detroit De De- troit Wall Street the Street the financial center of the country country absorbs absorbs the theother theother theother other millions anI and Ford accumulated ed profits expend and multiply with Wall assistance In his newspaper Interviews Interviews' l Ford ord says that Wall street and the gold standard have outlived their useful useful- usefulness ness noes but hIs bis millions flow low through to Wall Street at 4 per cent to bring his hili company a possible gold standard money annually In Interest This Is more than profit for tor every car he be produces Even a Republican Congress unites to add to the Ford wealth The company company com com- com I pany paid more than In Federal taxes In n 1921 Because of ot the abolition of the excess profits levy it paid only In 1922 The Fords are richer though Jf dt they we were were to draw the the riches out they would pay more than 50 60 per cent additional In personal personal personal per per- Income taxes tues So Ford to pile up his bis business the millions millions which find their way into ii Wall street H Hiis Hi replacement replacement re re- placement parts parta business is la BO 80 profit profitable able that he could chop off oft his bis manI manufacturing man- man I profit of probably 80 a apar aGar 1 r par Gar ar and make more than annually or or 14 on In each ach car produced I ed from the sale of of parts necessary to keep the millions of of Fords now on on the roads oads In running condition lIe He could this 14 as a bonus to his bis workmen and still lUll make the 6 a car profit from Interest But Dut he is not at cost lIe He Heis lIeIs lIeis is holding on to profits from Interest parts and cars Jn the record ten months ended last year despite the heavy taxes In al all probability after taxes in 1922 Wall 1922 Wall Street Journal |