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down the power. He finished the mile in 39 1-5 seconds, beating the world s record by seven seconds.

The success of next year's sales was certain.

The following day when Ford reached the factory, Wills met him with an anxious face. It was pay day and there was no money.

"We didn't bother you about it last week because you were so busy with the race," Wills said. "We thought up to the last minute that the check from Chicago would come. It was due two days ago. We wired yesterday and got no answer. Mr. Couzens left this morning on the early train to find out what is wrong. You know how it is; the men want their money for over Christmas. The ———— Company wants men and they're offering more money than we can pay. I'm afraid our men will quit, and if they do and we can't get out the Cincinnati order next week————"

Ford knew that to raise more money from the stockholders would be impossible. They had gone in as deeply as they could. To sacrifice a block of his own stock would be to lose control of the company, and besides it would be difficult to sell it. The company was still struggling for existence; it had paid no dividends, and other automobile manufacturers were already paying the enormous profits that led in the next few years to wild, disastrous expansion in the automobile business. The Ford company had no marketable as-