The Washington times., 1921-03-18
FORD EXPERT SEES
BIG future AHEAD
Says America Should Prepare
for Greatest Era Of Pros
perity In History.
BY c. A. BROWNELI..
(FOrd Meter Col

(FOrd Motor Co..
II Is very peculiar. this human ma
ture Of ours. because 80 per cent
OF the men and women are very
quick to see the clouds of trouble and
to miss the bright sunshine Of pleas
ure. Let a rumor emanate from an in
sane asylum that there is going to
be a failure of the crops. and the
multitudes commence to mourn right
away. Seems as II people like &c be
in trouble.
And SO 1t is that there has spread
over this country an almost universal
belief that we had to have a financial
panic; we must have a commercial
depression; we were due for a period
OF hard times; Hades was to pay and
no pitch hot. Rumor upon rumor OF
shortage in crops. shortage in me-
chanical production, shortage in labor;
in fact. II seemed as II the whole
world was going to be so dog gone
short that II was liable to drop into
hole and disappear. The proverbial
hens teeth-few and far between.
Now let us look at the facts, for
never before In the history of civili-
zation, has mankind had a more ro-
seate future to vision, and this ap-
plies to every part OF the globe, as
we could prove IL we had the time
and the space.
COUNTRY HOLDS WEALTH.
But let us just take America. Never
In our history has there been SO much
money. real, honest-to- goodness cash,
in the United States as there is today.
This country has been growing in
wealth by leaps and bounds. because
We have the best educated people in
the world; the most moral people; the
most humane people: people with
more Initiative than obtains among
any other peoples on earth. Then we
have country whose. unlimited
natural resources represent wealth
untold. We were coming to the
mastership of the wealth of the wor i'd
before the war. For instance, in 1913
this country produced $4,000. .0OO. 600
more than 1t consumed. Then the
war came on and our production was
hurried until In 1917 we produced S1s,-
600 100000 more than we consumed.
We loaned to the nations of Europe
in excess OF $4,000, 600. 900. With the
exception of some $4,000, 900, ,OOO this
money remained in America and was
was spent by the borrowers in our
markets. 1t was not taken out OF
America-it Is here still. Since the
war closed hundreds OF millions Of
gold have been sent into the United
States by foreign countries In pay
ments on their debts.
LARGEST IN HISTORY.
Then in 1919 our production was the
largest in the history of the country.
We produced more goods than we did
in 1917, and we had an eager market
for everything we produced. and all
we sold brought the money to Amer
ica-it's here.
Take this statement by John Fletch-
er. vice president OF the Fort Dear
born National Bank Of Chicago: The
United States Is far and away the
richest country in the world. The ag-
gregate deposits of It's banks are bill
lions more than the combined deposits
OF all the banks in the world outside
OF the United States. We have more
actual cash than any other nation and
in the last few years have obtained
an almost unbelievable supremacy in
trade"
Now with this vast accumulation of
money. how can we have a financial
panic: how can we have a commercial
depression; how can we have hard
times? Impossible!
There was naturally a reconstruc-
tion period which must follow after
world conflict. After our own civil
war oi lool-OC we were ten years
passing through what was called the
reconstruction period, during which
our money went down to ffty cents
on the dollar.
We are going through the present
reconstruction period inside OF three
years, and our money is at a premium
the world over.
Talk about hard times; talk about
depression-nonsense
INTENSE PROSPERITY.
Let us tell you that there Is 100
years of intense prosperity right at
the doors Of the people Of the United
states. We won't have men and
women enough to manufacture all
that is necessary to meet the demand.
We are producing more today than
ever before in practically every line
unless it be shipbuilding. and that
will come back. We have millions
OF acres untitled. We have billions
of lumber uncut. We have billions
of gold. silver, copper and lead to be
unearthed. Oil is being found in
every State in the Union. All the
resources Of the country are coming
to the surface, and we are going to
be the busiest people that humanity
has ever known, and likewise the
richest