The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-11-17
FORD WOULD
SCRAP GOLD
STANDARD!
Urges Issuance OF Currency
on Value OF Muscle
Shoals

on value OF Muscle
Shoals
tceryrlsht. issi, by the United rre... f,
DETROIT. Nov. Amy govern.
mont that rcsists disarmament will
be overthrown by It's people. said
Henry Ford today when asked for
MS opinion ON the work of the con.
Terence in Washington.
MI ornaments must co." he
said, "on land as well as on SEA.
III the governments don't climi-
nate them the people will.
The proposal of the United
states government IN u fine
minimum step. but II IL only .
minimum step and marks mere
" the beginning Of real dis
armament.
There is plenty Of constructive
work for the thousands aud even
millions OF mon now engaged in the
useless labor OF maintaining tho
mcnstrous navios and armies OF the
world There is no reason why
everybody that is willing to work
shouldn't have work and have a
home to live In.
There IL any amount OF work In
the world. but it's frozen now In
the same way that bankers spoke
OF credits being frozen some time
ago.
FORD WILL INTEREST
HIMSELF IN POLITICS
III politicians can't find q way OF
releasing the work of the world To
the workers. l arm going 10 interest
myself enough In politics TO attempt
to find II for them.
TO begin with. all the naval and
army war materials could be quickly
turned into useful machinery. This
would employ the men involved for
a considerable period.
Il could junk the hattlcships OF
the world and turn them into
tractors.
III the United States government
and other governments would cease
this terrific waste OF war material
and turn only a fraction OF II into
Internal improvements. no willing
worker In the world would be forced
TO 20 die" Ford continued.
The great danger that the gov
ernments OF the world are facing
IL the crushing weight OF interest
charges. Interest on the war debt
OF the world Is sucking tho vitality
OF the nations. IL Is creating n
parasitic leisure class. n horde Of
non-producers who are living on
this interest.
Cold has lost its potency as far
as II Is any factor In the prosperity
OF nation. have about come to
the conclusion that gold IN not the
proper basis for currency. The basis
for currency should be labor.
WOULD ISSUE MONEY
ON VALUE or PROJECT
Here's a suggestion that am
going to make 10 tho government
at Washington:
ri they sccept my plan foe
the Muscle Shsais project they
VIM have - ~peud 80 .ees.eee TO
complete the project n they
issue I per cent 3o-year bonds.
to do this before the period Of
my lease expires and those
bonds and the subsequent re-
funding bonds are paid out. the
people Of the United States win
have paid out almost Sl3s.o00
900 In interest ON those bonds
alone.
Nov. why not Issue SO. 0o0.-
600 Of United States currency
based on the value Of the
Muscle Shoals project Use that
money TO pay for the labor and
material that win 60 into the
project, which. when completed.
will be worth thousands Of mil-
Hons 70 the people Of this eoun-
try. ! am told that Il would
require two barrct< Of gold 10
make 81. 00o. 900. Isn't the Mus
Gle Shoals project better and
moro solid security than the raw
goIdy Gold. after all. means
nothing but . symbol Of value