THE CABINET: Tax Suit Continued
Last week in a hotel ballroom in Detroit, was continued the tax suit whereby Secretary of the Treasury Mellon hopes to take some $34,000,000 from Senator James Couzem and the other Ford stockholders who sold out to Henry and Edsel Ford in 1919 (TiME, Jan. 17). Young Alexander W. Gregg, chief counsel for the Government, waged a highly technical battle with the defense attorneys among some 10,000 exhibits. But the public eye centred on that exhibit which told of the earnings of the Ford Motor Co. from 1904 to 1919. The figures:
1904 $201,019.44 1912 $13,056,425.10 1905 285,231.94 1913 24,714,078.07 1906 107,360.00 1914 29,764,500.07 1907 1,011,826.47 1915 22,519,341.78 1908 1,251,097.67 1916 59,017,892.04 1909 2,686.134.46 1917 59,017,892.04 1910 4,452,609.81 1918 51,837,821.01 1911 6,226,372.83 1919 76,775,366.46
Will Rogers, well-paid funnyman, jingled some change in his pocket, left the ballroom looking a bit depressed.
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