The D., T. & I.

The Detroit, Toledo and Ironton, Henry Ford's railroad, is justifying its employes' faith in its earning powers. On Nov. 1, 1923, the railroad (i.e., Mr. Ford) inaugurated a plan whereby the road's employes could purchase investment certificates in the road out of their earnings. To date, $162,994 has been so invested by the road's employes. For the first half of 1924, they will receive 6% on their "investment certificates" --which is at the rate of 12% per annum.

The Interstate Commerce Commission on Aug. 1 granted authority to build 56 miles of new line for the D., T. & I. at a cost of about $7,500,000, as well as to issue first mortgage bonds to raise the funds. The new line will extend from Malinta, Ohio, to Durban, Mich., and will serve to shorten haulage distances over the Detroit, Toledo & Ironton line.