New-York tribune., 1922-02-03

House ,,ee "~N' x c,pecled before a final
Vo's ~h, .he evert MIR Ford's proposal IS
1~ Secretary Weeks declared.
pn p.ho government must make new appro-
lne Amounting 20 $4,000 GOO 70
oooo eoa.oo ooo Of which Mir. Ford viii
s0v,sVh s'rs .hs benefit for approximately loo
resrs at i per cent
Feaas .bo event the offer IS rejected,
- cecretsrv gave ii as ms "oplnlon
.ne .. dam 40 , (Wilson damn should
,n@. co.'nleted by the government and
~. ~ .Le mower requirements Tor CON
,rc;al ,na. purposes. the benefits to naVl-
n.ts,' .:o as we'll as tae possible needs
e ss'r5 .be government, would warrant TINS
government Might Sell Power
.,: .bis we're done" he continues,
4.te government may ltse II unaef'aNo
TO sell the product to 'he D's' "'-
vantage .x,o..,,o,,. ;s
...ognized as q factor to be consld-
cred by Congress n connecion win
Il, treatment Of the Muscle Nhoals
question
an. 'when there is large amount ol
rnemployment IL is not without I'm
,or.ancc to consider the advantage to
.se nation Of the employment Of the
,srre amount Of labor required IN un-
dertakine this development. !, there
fcre urge that Congress give early
consideration to this matter, not only
n eetf,e a controvortod question, hut
to furnish employment on large
scale
;cy." the Secretary wrote, TO ilmit the
oontract to q term Of fifty years (ln-
stead Of l0ol to conform with the es-
tablished policy Of the Federal govern
men. as set out in the water-power
The secretary also suggested a mod
lfeation by Congress of the proposal
so that in the event the operating COM
PAM to be created failed to carry out
performance Of the contract some
penalty would be imposed.
Weeks Summarizes Proposal
Secretary Weeks outlined to Congress
the voluminous offer BY Mr. Ford in
this way:
"Mr. Ford offers to undertake the
completion Of dam number two and
the construction Of dam number three.
according to the governments plans,
for which he shall be reimbursed the
actual cost. and to lease the dams and
power plants al an annual rental equiv
alent to ! per cent Of the cost 10 the
government of completing dam number
two and constructing dam number three
exclusive Of the cost OF acquiring
lands and floware rights necessary for
dam number three).
The rentals of + per cent are 70
commence, respectively, in six years
after dam number two has been com
pieted to the roiut where equipment
for 100000 horsepower is installed and
ready for service. and three years after
the equipment to develop $4,000 horse
power is installed and ready for service
at dam number three III The mean
time during the slN-year and three
year periods respectively he offers to
pay upon dam nam two an annual
rental OF S-oo,Quo on dam number
three Sl60,000
=, HIS offer places uron tho United
states the responsibility FOR repair and
maintenance of the t1o dams other
,oSh the power houses, which power
houses and electrical equipment he
agrees to maintain As compensation
10 'ne United States for the repair and
HpSeep OF dam number Two and locks
ue oilers to pay the sum Of $4,000
d .s.Hua;Iy and Of cam number three and
NN the sum Of S90.eeV annually. lie
ang agrees TO furnish electricity fol
ypefsune the locks at each Of these
n raMs without charge to the govern
' neNl' and IN addition he agrees to
m .f I
~ ~, .ne purnoSe Of building up sink
'.s 'und to return 20 the United States
- - me end Of the lease period sum
money which he estimates if invest
$4,000 ,000. r ;
Pays S5,ooooOo for Plants
n.. As a condition Of this offer he asks
sa' me United States sell to him
on.s aaae plants Nos. and ?, the Waco
nlsn.' lL' ana the Gorgas Warrior steam
oonmo,ow oa@s, with all appurtenances, for So
somas As a further consideration to the
H.. ss.nment he agrees to operate nitrate
ANN 40 at the approximate present
eoI;n capacity of its machinery and
pen Fa.en' IN the production Of nitro
throraa,Iu other fertilizer compounds
ns;enoul the lease period. and to
reaa;nn reasin IN its present state of
diata 49, or ITS equivalent, for imme-
na,sr;oatlon ;opefatlon IN the manufacture OF
tho ra.N nra, necessary in time of war 70,
ther r.ouuV'ion OF explosives He fur
Z. n;,sas s.ees That the fertilizer produced
at a'e plant No. 2 shall not be sold
the .a.,' p.o"1 ~ excess of per cent OF
thersass soAl annual cost of production
Ststes r; an' to turn over to the United
shall ~ hn'eFa'e plant No. 2 whenever it
'ense required for the national de-
IN opnor.se nT likewise asks for preference
propserr..,'onity to purchase or lease the
Atts,.;e az 1ne end OF the lease period
~ the th"'.oh also Is directed to the cost
Ford ofo,sfate plants, for which Mr.
fsr tho ,oro ,;.1 is Offering but $4,000 .oo(
he Waco ''e 10 the two nitrate plants
assm o nl. quarry. the Gorgas- Warrior
purtensrann'' l. Transmission lines and ap
siding "Ts says Secretary Weeks
ssaad the "a "a you nay better under.
'achinp ., saIqe Of the property am at,
"ent nrenS '"'S ,eo.or q brief state
ashce raled sbd by the chief of ord
ssage vsl,ng the cost and estimated
il will ire e. contained in this statomen,
s,s. ~ Do seen that these nronort;e
ss;.p5sep spe eod United States aoproxipa sel,
ss,ina,sSo and that as .scran tbey are
The h.so .sa, to be worth ss.S12 .ooo.'
talsf ~ statement further shows that t,e
sshaen,V V'uhanco believes the War De.
~ sls'a1ss "a, a. dispose of the propert,