ON THE evening of April 28, 1938, the Grand Ballroom of the Waldorf-Astoria Hotel in New York City was filled to capacity for the annual banquet of the American Newspaper Publishers Association. Before dinner, the present officers were reelected for another term, led by James G. Stahlman, publisher of the Nashville Banner, as president of the association, and John S. McCarrens, publisher of the Cleveland Plain Dealer, as vice president. After dinner, the toast‐ master, S. E. Thomason, publisher of the Chicago Times, introduced the special guest of honor, Mr. Henry Ford.
Resplendent in tuxedo and wing-collar, Ford stood at the dais. The immense room fell silent, for this was to be his first public speech in many years—"and the last," Ford whispered to Thomason. "Mr. Toastmaster, ladies and gentlemen," Ford began, "we are all on the spot. Stick to your guns and I will help you, with the