Henry Ford：My Life and Work, Additional Excerpt 249

It has been our policy always to keep on hand a large amount of cash--the cash balance in recent years has usually been in excess of fifty million dollars. This is deposited in banks all over the country, we do not borrow but we have established lines of credit, so that if we so cared we might raise a very large amount of money by bank borrowing. But keeping the cash reserve makes borrowing unnecessary--our provision is only to be prepared to meet an emergency. I have no prejudice against proper borrowing. It is merely that I do not want to run the danger of having the control of the business and hence the particular idea of service to which I am devoted taken into other hands.

Source： https://www.gutenberg.org/ebooks/7213
Locator：Additional excerpt 249 · Verified：2026-10-19 · Verification：Short excerpt

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