The Stroller's weekly and Douglas Island news., 1921-12-03
HENRY FORD
 IS ANSWERED
President of Republican Publicity Association Does Not Agree
 With Manufacturer

Washington D c. Cruc.z.ue tbe assertion of Henry Ford chat railroad stockholders are parasites unless they are engaged n railroad operation Che Republican pubuos Association through its president uon Jonathan Bourne. Jr. oys
 "It win be a great misfortune if b,or.o. such pro Mr. Foris gain general rcdoncc and result u a ccs-
 roa ol chat character of thru which has made possible Che accu- mutation of Che capital necessary Go establish largo enterprises 10 s true chat there are some exceptional. .ase such os cha, ol One Ford ac- tory where one or two individuals start .u a small way and build mp au enormous enterprise without clume to uc.r assistance Che small savings of largo numbers ol men who Invest u Hoob But on Che whoIc Che building up ot enterprises such as uat Us imprac.Icabic
 .Nr Forda theory is nat uil road operatives only should bo pore m.ueI to invest in tbc stocks ofmu- ro.d. The fact s chat railroad em- p.oyos have always had am oppor.u- uiv To invest in stocks. Their com D.uaton has boon large enough .o that they could saye money which could uus be invested and vet a worry small proportion of thcm pu. hc.r money into railroad securities.
 "Therc are men In many lines of business who accumulate savings which they do not desire Co leave idle Their own occupations do not au for larger investments The oasy Che natural and Che desirable nu. for chem Co do .s Co invest m some useful enterprise where hc.r money can furnish employment to others and at Che same time leave hcm rcc to follow their usual avo- cations Their purpose Is not merely to ayc for tbc.r families but Go have n source of Income and means ol sup- port when oId age forces them to discontinue active work.
 "A doctor. for instance. may have au income Of 3lO.oO0 year. which we assume Mr. Ford win not contend
 am cxorb.ant Income. while his expenditures may bo only $5.o0o @ year leaving him S5.000 of savings which he has no means of using in his own profession What would Nr Ford have him do with it2 u ho loans it to a farmer and takes % mortgage ou Che farm he virtually becomes % stockhoidor iu Che farm, ms dividends are collected u thc form of interest Such use of Che money might not bo desirable be- cause ol Che difficulty of rega.u.ug possession of thc money 1t any t.mc ha might need it Tc easier thing for him to do is to invest it iu Che stock Of some large corporation where his money win help develop Che concern. give a better tralspor- auon service to Che nation oud ai- ford employment Go a large number of mon.
 "Mr Ford win hardly assert chat a man who saves his money ls not eu- uucd to mako Q profit thccirom
 For many years Mr. Ford has been making profit on his invested cap- im at a far greater rate chan 99 per cent Of Che people of Che United States are able Go realize on their savings.
 "If Che investment of savings is to be considered a noar-crimc. making man am economic parasite. thcn he great majority of tho people Of ne country must discontinue their money as they earn it or let it he habits of thrift and spend their Idle iu banks. safe deposit boxes old Gin kettles. or other places less se- curc."
 n r-,.. ,,rrrr of fho CoIi-