 On the strength of Gray's name, Malcomson recruited other business acquaintances to invest, including local merchants Albert Strelow and Vernon Fry, lawyers John Anderson and Horace Rackham, Charles T. Bennett of the Daisy Air Rifle Company, and his own clerk James Couzens.Malcomson also convinced the Dodges to accept stock in lieu of payment.On June 16, 1903, the Ford Motor Company was incorporated, with 12 investors owning a total of 1000 shares.