Henry Ford and Thomas Edison

After beheaded range for Ford to pay his visit in January 1912 Edison reluctantly reluctantly acquiesced guess I will be here on the 9th that's that's really funny. Henry Ford would not permit Wall Street to get a hold of his revered Edison he stepped forward to offer Edison forgivable loans at 5% annual interest to finance development work on the Model T battery. The loans were secured by future royalties that Edison's laboratory would earn from batteries. By the end of the year Edison had borrowed more than $500,000 and was working on developing an electrical system battery generator and starter for the Model T.