▁service ▁would ▁save ▁$ 1 . 2 ▁million ▁in ▁project ed ▁cost ▁to ▁repair ▁the ▁track ▁and ▁t rol ley ▁line . ▁The ▁proposal ▁would ▁terminate ▁t rol ley ▁service ▁which ▁began ▁in ▁Detroit ▁in ▁ 1 8 6 3 ▁with ▁horse - dra wn ▁t rolle ys . ▁ ▁February ▁ 2 6 ▁- ▁A ▁proposal ▁to ▁ur ge ▁G ov . ▁G . ▁M ennen ▁Williams ▁to ▁run ▁for ▁President ▁in ▁ 1 9 5 6 ▁gained ▁support ▁at ▁Michigan ' s ▁Democratic ▁Party ▁state ▁convention ▁in ▁Grand ▁Rap ids . ▁ ▁March ▁▁ ▁March ▁ 2 ▁- ▁General ▁Mot ors ▁Chair man ▁Alfred ▁P . ▁Slo an ▁and ▁CE O ▁Har low ▁Curt ice ▁released ▁the ▁company ' s ▁ 1 9 5 4 ▁financial ▁results . ▁The ▁company ▁reported ▁ear nings ▁of ▁$ 8 0 6 ▁million ▁on ▁sales ▁of ▁$ 9 . 8 ▁billion . ▁The ▁ear nings ▁were ▁the ▁second ▁highest ▁in ▁company ▁history ▁and ▁were ▁achieved ▁despite ▁a ▁ 2 9 % ▁reduction ▁in ▁company ▁sales ▁to ▁the ▁military . ▁ ▁March ▁ 3 ▁- ▁National ▁Bank ▁of ▁Detroit ▁( NB D ) ▁acquired ▁a ▁city ▁block ▁in ▁dow nt own ▁Detroit ▁bounded ▁by ▁Wood ward , ▁Gr is w old , ▁Fort , ▁and ▁Congress . ▁One ▁week ▁later , ▁N BD ▁announced ▁plans ▁to ▁build ▁a ▁ 1 2 - story ▁bank ing ▁building ▁on ▁the ▁site . ▁The ▁building , ▁originally ▁known ▁as ▁the ▁National ▁Bank ▁of ▁Detroit ▁Building , ▁was ▁opened ▁in