Henry Ford's Own Story: How a Farmer Boy Rose to the Power that goes with Many Millions, Yet Never Lost Touch with Humanity — John Stuart Mill — John Shaqi
Henry Ford's Own Story: How a Farmer Boy Rose to the Power that goes with Many Millions, Yet Never Lost Touch with Humanity
John Stuart Mill · en
"My Lord, Ford, there's millions in this thing. Millions!" they said.
"You ought to get out and organize a company--a big company. Incorporate
and sell stock and make a clean-up right away. And then build a machine
like a phaeton, with big leather cushions and carriage lamps and a lot
of enamel finish--why, there are hundreds of men that could afford to
pay two or three thousand dollars for one of 'em. You could make a
hundred per cent profit--two hundred per cent."
Ford listened to all of them and said little. He was busy improving the
machine; it did not suit him yet; he felt he could make it much more
powerful and efficient with a little more work. Meantime he revolved in
his mind plans for putting it on the market. Those plans included always
one fundamental point. He was resolved to make the automobile cheap.
"I've got a machine here that saves time and work and money," he said.
"The more people who have it the more it will save. There's no object in
building it so only a few rich men can own one. It isn't the rich men
who need it; it's the common folks like me."
News of the amazing machine to be seen in the old shed behind the little
house on Edison street spread rapidly. About this time news dispatches
carried word of two other automobiles built in this country. A man named
Duryea of Springfield, Ill., and another named Haynes, in Kokomo, Ind.,
had been working on the same idea. A reporter found Ford at work on his
engine, interviewed him and wrote a story for a Detroit paper.
One or two wealthy men hunted Ford up and talked about furnishing the
capital to manufacture the machine. They saw, as some of Ford's friends
had done, an opportunity to float a big company, sell stock, and build a
high-priced car.
Ford considered these offers for a time. Building an automobile had been
only half of his idea; building it cheap had been the other half, and he
would not abandon it.
He figured it out in dollars and cents; two hundred per cent on a small
quantity of cars, or a smaller profit on a larger quantity. He showed
that the most sound basis for the company was the manufacture of a large
number of machines, at a profit sufficient merely to keep enlarging the
plant and building more machines. The idea did not appeal to the men who
were eager for large immediate profits for themselves.
In the end the men with money dropped the matter. Ford was obstinate,
but he was a small man with no capital, merely a crank who had hit by
accident on a good idea; he would come around all right in time, they
concluded.
Ford continued to work at the Edison plant and spend his evenings trying
to improve his machine. He had taken Mrs. Ford to Greenfield, where she
would stay with her mother until the baby was born. After that one
hysterical outburst on the night the automobile was finished, she had
returned to her cheerful acceptance of his interest in the car. Indeed,
she herself had become enthusiastic about its possibilities.