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
It was the beginning of an association which was to be highly profitable
to both of them.
Other men of national prominence in the world of sports greeted Ford
enthusiastically as one of themselves, while the crowd in the grandstand
still cheered spasmodically. Reporters hurried up with camera men, and
Ford stepped back into the little car and posed somewhat sheepishly for
his first newspaper pictures. Men who had formerly passed him on the
street with a careless nod, now stopped him, clapped him on the shoulder
and talked like old friends.
He was beyond question the hero of the day. He took it all in a
matter-of-fact manner; his car had done no more than he had expected all
along, and it was the car, not himself, which filled his mind. He hoped
that the publicity would bring him the necessary capital to start his
factory.
Within a week he received offers from wealthy men of Detroit. The local
papers had printed pictures of Ford, his car and the old shed where it
had been built, with long accounts of his years of work and his efforts
to organize a company. Detroit had been awakened to the fact that there
was a real opportunity for men with vision and sufficient capital to
carry it out. But without exception these men insisted on one
thing--absolute control of the company to be organized.
From their standpoint that proviso was reasonable enough. If they
furnished the money and Ford merely the idea, of course they should keep
not only the larger share of the profits, but entire control of the
venture as well. Without their money, they argued, his idea was
valueless.
On the other hand, in spite of his eight years of struggle for lack of
capital, Ford still maintained that the idea was the really valuable
part of the combination. He insisted on controlling the organization
which was to manufacture his cars.
While he had been working alone in the little shed at night, he had
thought out his plan for a factory, mentally picturing its methods, its
organization, the handling of material from the raw iron to the finished
cars, fully assembled, rolling away in an endless line. He had figured
costs to the fraction of a cent; planned methods of arranging the work,
standardizing the product, eliminating waste and friction at every
possible point.
Now that the car was finished, the factory plan took its place in his
mind. He did not intend to abandon it until he had made it a reality. He
was going to build that factory, as he had built his engine, in spite of
any obstacles or opposition. To do it, he must control the company's
policies.
It was a deadlock. To the man with money it seemed sheer insanity to put
control of a business venture into the hands of an obstinate mechanic
who had happened to hit on an idea for an automobile engine. Ford would
not dispose of his patents on any other condition. In a short time the
discussions were dropped, and he was where he had been before the track
meeting.