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Wrong Horace Rackham?

Mr. Horace H. Rackham


Michigan Savings Bank

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Michigan Savings Bank

Background Information

Employment History

Early Investor

Ford Motor Company


Henry Ford Hospital

President of the Michigan Savings Bank Advising Henry Ford's Lawyer

MBS Textbook Exchange Inc


University of Michigan

Detroit Golf Club

Web References (116 Total References)

President of Michigan Savings ... [cached]

President of Michigan Savings Bank in 1903 to Horace Rackham, an early investor in the Ford Motor Company

-- Advice of President of Michigan ... [cached]

-- Advice of President of Michigan Savings Bank to Horace Rackham, lawyer for

(Rackham ignored the advice and invested $5000 in Ford stock, selling it later for $12.5 million)

PERMANENT - Quotes [cached]

-- Advice of President of Michigan Savings Bank to Horace Rackham, lawyer for

(Rackham ignored the advice and invested $5000 in Ford stock, selling it later for $12.5 million)

Usana Michigan [cached]

... here to stay," advised Horace Rackham, president of Michigan Savings Bank, to Henry Ford's lawyer in 1903 ... USANA Business Centers are designed to pay you commission on sales volume ...

Crain's Detroit Business [cached]

It starts with Horace H. Rackham, a Detroit attorney, sitting down with his personal financial adviser (the president of the Michigan Savings Bank) to discuss an idea that Henry Ford, one of Rackham's clients, had for a commercially viable horseless carriage.

In his notes from the meeting, Rackham recorded him as saying, "The horse is here to stay, but the automobile is only a novelty - a fad."
Horace Rackham invested $5,000 in Henry Ford's fledgling Ford Motor Company.When he finally divested himself of his Ford shares in 1919, Rackham realized a profit of some $12.5 million.
Rackham used a considerable part of that wealth to benefit local civic groups, local education and local charities.
By their actions, Mary and Horace Rackham helped to perpetuate a tradition that traces its roots back to the time of Judge Augustus Woodward and his vision for Detroit.
I cannot stand before you today without thinking of Judge Woodward, and Horace Rackham, and the Hudson family, which has done so much for Detroit and continues to do so much through the good works of Gil and Joe Hudson.

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