The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-10-22
When wealthy show thy wisdom. Sir ]. Denham.
WALL STREET AND FORD


Wall Street with banking houses and bond brokers
shops It's buildings filled with that
line its curbs They're funny lot those Wall Street putocrats
those who think they the financial engine
that they the great wealth.
money without their aid and cooperation They aughab
lot they think they the financial world
of them They do not know what little puppets they really
Even the National City Bank biggest private bank in
America whose values fullest and whose prob
ably best protected is directed group may
described the vernacuar of the time hardboed
They read stock reports They study blackboard quotations
They the superficial capitol superficial system They
to make and break They the strings
the bankers the of the country like maronete
But Federal Reserve took all that power of
The Federal Reserve Bank has faults
cussng banks banking systems We are merely
seeking to good naturally kid the Wall Street banker who still
thinks he is big fellow when matter of fact he is for the
most part, of rather limited mentality.
The real bankers of lined along the
lane into which Old Trinity spire
The real bankers of America today great open
Of the continent where the real work production being
They here this peninsula of flowers They ports
of the nteroceans And the who produce acquire
fortunes these better days of banking and those who
yeseyears willing to play stock against production
The railroad did that and gained thereby the
fraternity they language
nancia manipulation rather than the language financial opera
ton.
Wall Street unfrendly to Jim Hill because Jim Hill set
without the aid of Wall Street 1t was very
friendly to Willard because Willard building parallel line played
the game special privilege special subsidy
which his Oswald Willard lives
polished reformer and parlor Boshevky
No better illustration of this rapidly changing attitude
found than in the story of Henry Ford built up business
without the aid of Wall Street Most manufacturing enterprises
built without Wall Street until they reach mammoth proper
TONS then Wall Street expects game
the why.
took the brutal arbitrary
powers discrimination away Street the
along this finance already approaching
strength of the fver maker began him mprous
ders how he should buy when should buy
how he should pay for materials which he had bought
Ford told them go to- which wholesome for
them hear He started his bank his banker
and his business builder.
Wall Street rubbed its eyes other day. up
had to admit that the farm boy from Dearborn Michigan
they used to buck the richest the world got
there without their help This merely passing
terest 1t is item of lasting significance 1t this;
that longer dependent upon the manpuaons
Wall Street If produce that which the people need all
the bucng processes of the blackboard brokers
Street fnanrs who dine forty stories high each
block his progress
Here boy that the farmers car 1t is estima
that $18O0O0OOO tidy checking account
1t is stated that his annual income something
In 1921 he paid $5O,00OOOO in taxes.
Call the "flivver" label it "n can" collect all the
ests and jokes about 1.-The Henry still the your
story is SERVICE
the world has known More than other who
lived brought present day perfection the art of
making and Distributing
He created something much needed He has the
tired horse He has shortened geographic miles cheap
the haul to market He has the biggest
job recorded He has without kicking
without complaint and today instead of being Wall Street Dor