Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-07-22

soothe and heal the inflamed itching
skin
soc box. 6 for $3.50. trial size csc.
AT dealers or from FRUIT "A TIVES
Limited, OGDENSBURG. n. Y.
which the American people have in
Mr.. Ford. and the lack of confidence
they have in some OF his co-multi-
| miliionaires. We are not dealing
with men. we are dealing with a cor
poratlon as unrestrained and as I'M
limited and as unregulated as any
| pirate that ever sailed the seas. Mr.
Ford Will have at best but a very
few years of connection with this
corporation. but notwithstanding this
fact. why should we be more lenient
with a corporation organized by one
man than another"
The document asserts that Mr..
Ford is not claiming many things
claimed in his behalf by many of
those who are spreading the Won
derful propaganda over the country
| demanding that Congress shall ac-
cept his Offer
If there were no other reason for
rejecting this offer" the document
adds, lit ought to be rejected for
this one provision alone, and if it
is accepted with this provision in it.
then Congress ought to lay down
the bars and permit any organiza-
ton organized by any other person
TO have the same privilege and the
;1h nf
OF complete and unregulated control
of power developed from our navi-
gable streams"
II is estimated that a total amount
paid by the Ford Corporation by
am ortization during the 100 year pc
riod would be only S4.36S, 39S, and
the rate of interest paid by Mr.. Ford
on the money provided by the treas
ury is shown to be 90 per cent
rather than per cent.
The statement is made that the
government cannot afford to enter
into the loaning business at the eX
pense OF the taxpayers and for the
enrichment of a great corporation
that under the very terms of it's Of
fer will be beyond the regulation of
either Federal or State authority"
on the question as to whether the
steam plant at Gorgas, Alabama,
should be included among the prop
critics to be disposed of at Muscle
Shoals. the report says. in part:
1t is quite apparent that since
ample power now exists at Muscle
Shoals there Is no object in the
government retaining its interest in
the steam plant at Gorgas. 1t has
no connection whatever with the
permanent use and operation OF the
plant at Muscle Shoals. 1t
would be wise for the government to
reclaim that part OF the transmits
sion line that runs from Waco Quar-
~ to Muscle Shoals. in order that
power may be transmitted from
Muscle Shoals to the Quarry for the
operation OF the machinery there.
Outside OF this. there has been no
reason given by anyone why the
Gorgas plant should be retained by
the government. 1t ought to sell
its interest in that plant and 1t Is
quite apparent that the Alabama
Power Company can afford to pay
more for the governments interest
in this plant than any other con-
Germ, and 1t IL immaterial whether
tina, part of~the contract with the
Alabama Power Company. providing
for a sale to that company. Is lille
gal or not. The government should
make the sale and should insist on
securing a fair price for the value
of Its interest"
REGARDING Senator Norris bill
proposing government development
and operation for the Muscle Shoals
project, the report contains refer
ence to the attitude Of senators who.
IL saws. are seemingly determined
10 turn this property over to Mr..
Ford or absolutely prevent its devel-
opment by anyone" Seven mem
bers OF the Agricultural Committee
who voted for the favorable report
OF the Ford offer and opposed a ia
vorable report on the Norris bill are
mentioned in this connection.
with them" the report says, lit
seems to be Ford or nothing. When
we take into consideration the Won
derful development that it provided
in s. 342O (the Norris BilD. particu-
larry for the South. 1t is difficult to
understand how senators from that
section can assume such an attitude.
In this bill there Is offered to the
country and particularly to the
Southern States. the most wonderful
plan for the development OF power
on the Tennessee River and its dis
tributicn over the Southern States.
tina, has ever been proposed in the
history OF our country. and it is
dimcuit to understand how repre- SEN
taasves from that section could block
any orogress o. this kind and insist
tina. tits great property should be
turned over practically without con-
~