Arizona republican., 1921-12-27
TUESDAY MORNING, DECEMBER 27. 1921
lf you made mistakes yesterday, forget them. No strength aUas ever built on continued regret.
 Anonymous.
The Muscle Shoals Project

A story in The Republican yesterday of a resur- Sey by Henry Ford. assisted by Thomas A. Edison, q the Muscle Shoals plant, mentions that it was undertaken at the suggestion government with view of clarifying and reconcing. if possible df fercnces in MT Ford's estimate and those of army engineers concerning the completion of the work" The government is evidently taking MT. Ford's bid much more seriously than a first It has set the government to studying has somewhat shal- en it's faith in its engineers Fords proposal Ter financing the transaction, extraordinary as it seemed at first has also to srang whether it is not feasible.
 A few days ago Christian Science Monitor said of the plan:
 Any maa who has a plan for saving s4s, 900 900 ought to be given fair hearing at least, even his proposition does disturb preconceived notions established systems of finance. When the who proposes to s4s.oO0.oo0 by having the United States government issue s4o.0O0,00o currency stead of interest bearing bonds complate the Muscle shoals project for benefit humanity Henry Ford. and his idea is supported by Thomas A. Edison it would appear wise to listen carefully fore condemning the plan or permitting inspired interests dispose of it"
 The groups which opposing it of the banking interests which look unfavorably upon direct currency because there would be interest attached interest important thing in the banking program. Private power companies M rrcduclng game any terms because they believe that would lower power rates and possibly higher wages. for in all his enterprises MT. Ford operates on the senderest of margins depending upon popular good will and a gigantic volume of business
 The army engineers would probably not be friendly any proposition MT. Ford could have raitted to Muscle Shoals and certainly shey friendly a proposition embracing
 
 Ford, though, has inspired a degree of popu- confidence greater than that government officials enjoy and degree of confidence which rightly wrongly is withheld from most of the eminent fin saciers-
 Of the financial plan of Mr. Ford, who may not he an orthodox financier, but earned a world wide reputation for sound common sense the Chris tlan Science Monitor says.
 final analysis the rank and file the people should and decide majority Of the great reforms fundamental changes in the United States; consequently the fullest freest discussion of proposed innovation should be had, especially when a question of finance Is involved, comprises of the least understood problems of the world today. Since the highest authorities do not the best systems, that the present systems have reached perfection. it would seem quite fitting to have careful discussion of a change that proposed by MT. Ford.
  be reluctant change the present financial system SO far it has been tried and not found wanting stln progress demands improvement. As to change possibly being the better. witness the ot the radical upheaval that with the establish raent of United States Federal Reserve system That like nearly every other marked reform, was hombarded with all sorts of criticism and objections Criticism to be expected, and should be welcome for it forces eiucidation well defense of th new proposition, and by this process the rank ant file have an opportunity of hearing the and per hans discovering what is best. But at all event il is just as necessary to suspend judgment 1t to have the whole matter thoroughly threshed ou and the relative merits established, far the can be"
 Repiyins to the argument against the issuanc oF money that we have object lesson in the dam nze wrought by the unrestricated printing of none .hroad The Christian Science Monitor advises tha .hs. is a different situation That money is backe Ar neither public confidence security, whil
 o,ev issued by the United States would be ampl supported by both