Evening star., 1922-09-24
COAL AT SA TON
IS FORD PROPHECY
Brokers With Big Stocks
Will Have to Sell Out,
He Says. :.
SEES BIG PRODUCTION
Prepares to Reopen Plants After
SEES BIG PRODUCTION
Prepares to Reopen Plants After
Buying Fuel for S.
a Ton.

Buying Fuel 1or 20
a Ton.
BY the Associated Press.
DETROIT, September 23.-Henry
Ford. in a newspaper interview late
to-day, advised the people Of the
country to buy as little coal as pos
sible now" declaring, coal prices
are tumbling" Mr.. Ford granted
tho interview shortly after his re-
turn from southern Ohio. where he
arranged for an uninterrupted move
ment Of coal to his Detroit industries.
Tell the people of the whole world
il you can" Mr.. Ford said to his
interviewer, that If they would save
money they should not buy coal in
any great amount now. Tell them
to buy only enough to get along on:
For coal prices are tumblnig anu
they will go much lower. They Will
have opportunity. later on. to get
cheaply."
Plenty Coal. He Says.
Mr.. Ford, in company with his
son. Edsel. president of the Ford
Motor Company, spent three days
along the Detroit, Toledo and lronton
railroad. the manufacturers property:
and saw hundreds of thousands or
tons OF coal moving northward- he
said. They arranged for an ample
supply of fuel for the Ford plants
for the next sixty days. he announced
There Is enough coal above ground
to run the country .. for a long on; time, time. :
were made because the supply was
held back from the market. But
the price is falling rapidly. We
bought 500 cars of coal in Toledo
for IS a ton. That. of course. in
nIines to Toledo. At Cincinnati Edsel
arranged for sixty-day supply of
coal for appro ximately 50 ton at
the mines. And that is 50 ton
less than what the brokers pa:I for
it. The brokers have held their
been wiped out and now they must
unload at any price. Before spring
comes you'll see coal sell for good
deal below SO ton"
Sees Price Tumble.
Asked as to his opinion regarding
the anthracite situation. Mr.. Ford
said: We saw a good deal of that
that will be falling pretty quick
at least it ought to.
For the price at the mine is
tumbling and the newspapers of the
country should keep everlastingly
writing about 1t to see that the fall
in price at the mine is passed on by
the broker and retailer in order that
the home-owner and his family may
get the benefit Ct it."
Says People Robbed.
Mr.. Ford declared it was high
time systematic robbery of the
american people and manipulation of
the country's economic resources is
financial interests staged the rail and
coal strikes for the purpose of
"Gouging the people"
Asked the exact reason for the
closing Of his plants, which he termed
an industrial strike" the manufac-
The plants were closed. first. out
of consideration for our workmeu
and, second. consideration of all the
people In Detroit-and I'll be dis
appointed if the people of the whole
United States do not profit by our
men in not buying coal now. when
very shortly. they can buy much
more cheaply.
we pay Ford workmen high wages
because we want them to own their
homes and to bring up their families
decently. TIC do this a workman must
have a margin of $3.50 or $500 a
year above his living expenses. But
here these coal pirates come along
and by. manipulation Of the amount
price up until our workmen's margin
is wiped out. We are put in the po-
sition OF paying high wages only to
have the men forced to pass the high
wages on to the coal robbers.
Its high time that the stupid. cal
l,N to, N1Nxyn nlo h
berry, of the American people through
the Juggling. manipulation and hold
ing back of the country's economic
resources should be stopped.
Raps Wall street.
The coal brokers and that dirty
gang of Wall street financiers that
oack the brokers are to blame.
There area two vital elements that
control coal supply-production and
transportation.
"a Few weeks ago the country was
spread over by propaganda that there
was a coal shortage, while SO much
coal was being loaded that there was
a car shortage for movement of other
goods.
Then the railroad labor board cut
wages Of shopmen way below a
living wage. vi course, the men
struck, as was expected. They did
what their leaders told them and
they played right into the hands of
the coal gougers-they made perfect
the next step in the plans of the coal
pirate bankers Of Wall street. They
tied up the cars.
Then came; the Interstate Com
merce Commission with service order
number twenty three for shipment
Of coal given priority rights by Her.
bert Hoover i wonder If the COM
mission didn't see that was playing
right into the hands of the coal
profiteers? The order regula ted moth
ing. TT was used by unscrupulous
men to get coal out of the blockade
and sold at blood prices.
I'VE were offered this bootleg coal
--in 10000 ton .lots-again and
again. We turned it down. We
couldn't get coal without paying
Sraft-that's another basic reason
why We closed.
why doesn't Congress find out the
truth aboH* these things and rectify
them? Tlf9 American people are en-
titled to have such abuses rectified.
I'VE. saw this gigantic plan coming
to head with unprecedented profits
about to fall into the laps Of the
New York mine-owning. crooked
hroker-backing gang. We believed
we saw a way, at least partially. to
frustrate this stupehdous fraud.
And that's the third and final rea-
sen why we shut down until we could
get coal. and other industries could