The New York herald., 1921-12-04
SEES EVIL IN GOLD
Would Replace Tt as Cur
rency Basis and Use Nat
ural Wealth.
ASSAILS MONEY LENDERS
Motor Wizard Believes He Can
Accomplish Task With Aid
From Congress.

Special Despatch to THE New YORK HERALD
DETROIT, Dec. "a special despatch
from Florence, Ala, to-day to the De-
troit NelCs by staff correspondent
says:
Henry Ford, here with Thomas A.
Edison. says he wants Muscle Shoals
10 show the world how to stop all war.
This, he declares, is the supreme pur-
pose of his life.
Not for profit, nor for an extension
of his business, nor yet from desire
TO enlarge his fortune is he after this
great power site, but to lead the world
out Of war for all time to come. And
he seriously and positively believes he
can do it If Congress will let him.
Mr.. Ford expressed for the first time
what he declares is his real purpose in
seeking to buy Muscle Shoals from the
Government.
III you take over Muscle Shoals" Mr..
Ford was asked. what effect will it
have on your Detroit industries and De-
troit as a whole?"
"Why do you think I want Muscle
Shoals?" he asked. 1T can't be money
that want out of it. 1t can't be more
business. There must be some other
reason. IL Detroit or the South or any
other particular locality is benefited by
my taking over Muscle Shoals. good and
fine. but that is incidental. My purpose
in taking over Muscle Shoals is not to
benefit us or our business of Detroit or
tl,nV- .art, ,f tf,a W IN
purpose is to do certain thing that will
benefit the whole worlC.
Says 1t Will End Wars.
"If the Government accepts my offer
for Muscle Shoals as we have made II
md will consider completing the dam
according to financial plan which /
have in mind we can here do an epochal
thing. We shall eliminate war from the
world.
'It is very simple when you analyze it.
The cause of all wars Is gold. We shall
demonstrate to the world two things:
First, the practicability second. the
desirability of displacing gold as the
basis of currency and substituting in its
place the worlds imperishable natural
wealth.
Most everybody in the world except
the newspapers recognize that civiliza-
ton has entered ON new era. The
newspapers don't see it. and the interna-
tonal bankers don't want to see it, IT
would mean changes in world finance,
and bankers always oppose changes.
There Is group of international
bankers who to-day control the bulk
of the worlds gold supply. No matter
to what country they. as individuals.
claim allegiance, they all play the same
game to keep the gold they have in their
own hands, and to get just as much
more as possible.
with the international bankers the
fostering, starting and fighting of n war
is nothing more or less than creating an
active market for money-a business
transaction. If the different countries
Of the international groups are at war.
who loses the war there have been a
great many loans. The gold system al
ways wins. Tho young men from. IS to
30 fight the war and are manned or
killed; the internationalists are safe
and prosperous.
Rcmoye Gold as Money Basis.
"Ten years ago / said 1 intended to
put every ounce of brain and energy in
me to stopping war. 1 never meant
anything more earnestly. and that's why
! want Muscle Shoals. / see a way
which, IL 1t can be done, will do more
10 end war than thousand years of
agitation.
1.-THE essential evil of gold In it's rela
ton to war Is the fact that 1t can be
controlled. Break the control and you
stop war. And the single way to break
the control of these international bank
ers, the way to end their exploitation
of humanity forever. is to remove gold
as basis for the currency OF the world.
Army engineers say 1t will take $780,
10000 to complete the big dam. But
Congress is economical just now and
not in a mood to raise the money by
taxation. The customary alternative is
thirty year bonds at per cent. The
United States. the greatest government
IN the world, wishing a pesky s30.00o,-
900 to complete great public benefit.
g. forced to go to the money sellers"
"But your plan would upset the money
system of the world and might work in
oalculable harm"
mot necessarily. We need not abolish
anything. We need not even abolish the
gold standard. Simply forget that there
is any such thing as gold standard. and
whenever the Government needs money
for a great. serviceabe AMI profitable
public Improvement, instead of thinking
VI DohuS WIN titI htdNg Ni"b VI Nv
terest charges, think of redeemable nom
interest bearing currency"
But have you worked out standard
of value?" Mr.. Ford was asked
Yes. We will have that ready when
Congress wishes to hear about this plan.
The standard American dollar Is APP
proximately one-twentieth of an ounce
of gold. Under the currency system the
standard would be a certain amount of
energy exerted for one hour that would
be equal to one dollar. It's simply
cas- of thinking and calculating in terms
different from those laid down to us by
the International banking group TO which
we have grown so accustomed that we
think there is no other desirable stand
ard"
but how is all this going TO stop
WARP"
simply because IL tried here at Muscle
Shoals the plan will prove so ovcrwhelm-
iIigly and amazingly successful that the
American people will never again con-
sent TO issuance of an interest bearing
bond for an international Improvement.
When the Government needs money II
viii raise It by issuing currency against
its imperishable natural wealth. other
countries seeing our success will do like
wise. The function of the money seller
Will have disappeared.
mo matter what becomes OF this sug-
gestion, / shall act so that no money
cpeculator will make anything out ct
Muscle Shoals, even Il 1 have to take up
A. . - a.4. .. a. -