The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-07-21
DESCRIBES HIS NEW PLAN AS TIE
MOST WONDERFUL" IN HIS
TORY or COUNTRY.

pEsCRISES HIS NEW PLAN AS TIE
MOST WONDERFUL" IN HIS
TORY or COUNTRY
Washington. July @h-In a compre-
henSive re2or, submitted 70 the Senate
today ny Chairman Norris. OF the Senate
Agricultural committees. Henry Ford
"Ter Cor ire purchase and lease ot the
governments war-.H.tlated projects al
Muscle shoals Ala IS condemned IN IN
usually strong language. Will" the Ne
hraSka Senator's bill. proposing develop
nlent oc The properties nader Il govern
meut owned and controlled corporation,
- described as the mos; wonderful
Plan" that has ever been proposed IN the
history ot the country.
on the question o; The Ford bid. the
report SAYS. Senator's raG". Mr\arN.
Reyes, GCod;aE. Nnvheck. HGr-Cld ana
Mckinley. Republicans. and NCnGr!cN.
Democrat, concur with their chairman.
With reference 20 the government own
er~hiP proposal. the report gives th~
names OF five Senator's, Norris. McNary.
G;rod!nC. NOrbecl and Mckinley. who
favor its passage by the Senate Cor the
solution Of the Muscle Shoals problem.
Because Of this lineup % the commit
minority op!rion insofar as u expresses
approval * the government ownership
b.l!. but is presented rs 4 majority opin-
ION insofar as II deals with the rejection
ny the committee Of all proposals FOR
Muscle Shoals development.
The Ford offer Is dealt with In I'M
'Spar.nE terms Its adoption. the report
says. would put the government OF the
United States INFO business with VEN
EcNace. adding that those who ask
, Congress 10 accept the Ford offer ask us,
IN effect. 10 lease this property - this
corporation without any real consider
alton. and then IN addition thereto. guar
snt"e 20 repair and keep and maintain II
in good condition for period OF 100
years
orer Indefinite.
1t IS difflcult 20 harmonic our idea
of Mr.. t'ord's fairness" he report con-
t.nueS. with his silence on this subject.
when hin name - so often used in exaS-
Eerailon aud misrepresentation as 70
just what he does offer 10 to. The coun-
try has been given 70 understand that
Mr.. Ford has guaranteed 70 reduce the
cost oE~Spr;ilizcr by oue-ualf He has
done nothing Of the kind. lie has made
no guarantee OF any Kind In the way Of
the reduction OF the cost 90 fertilizer.
The country has been given % under
stand that he PAYS the government fou:
per cent Interest OF its investment IN
The two dams He does nothing Of the
Kind. He has not made any such offer
and no such proposition - Included N
his bid Giving his corporation crcd.t
for every dollar that Il pays. he will be
paving 90 the taxpayers less than three
per cent on the money which h" uses out
of the treasury OF the United states. and
when We consider that this loan runs
for lNn years. Z requires even the
stretch % the imagination 10 understand
the enormous PROFIT that this corpora
tior secures IN this ore Item alone.
"Assumin Gtha, ~ fair interest rate
In the commercial world is SIX per cent
interest. this woIlG give his corporation
during a hundred year period. a o,al Gift
OF cold cash OF S23625O. mo-. and Il ;hi'
money were compounded as M-. Ford
asks the government to compound what
he pays. tho profits - the corporal oH al
ire end OF the one hundred year period
would be sl4.5hA. nor. rn0 This Is more
than halt our total cos, OF me Word
war.
The country has been given 70 under,
the repayment 70 ;ue government .rh,n
;Ae l"g-yCGr H"r 'od. the entire .ugsrst-
men; that the government has made. Hts
offer. does nothing ~ ~, Mad ON the
"ta"r a1-A. to" ;"tai payments Included
80 ne OIItr - both interest ard amor
t.zatior, amount - less than three pr-
cent - rite iIvcstT"at and ne never
pgAS me dollar 81 the principal. The
I"NNle O, the country have been led q
hcECEe that he Ford uftcr means a re.
Guccl gr!ce for electricity - the con.
SuwcT l. means nothing "t the kind
II" has mt agreed TO furnish single
NtGWRt. 20. any home ~ 20 any manu-.
tactusinS concern pNccpt his own The
m'ShG' Tow,S 4; Muscle Shoals VIII he
devoted entirely and exclusively % the
u'e OF ;hs great corporation which Mr.
Ford w.I orcaa.z".
Mind Da-ed by Unreasona blsnsss.
When 80 bring togC. he- the result!
THAI mus; follow from these Two diviS
IONS Of the Ford offer. the mind Is t!azer
a The Cnr"c eoT1 hleueSS ur the propos!
u"s, At tn" cn"rmi:y ~ the gift. witt
me eNpCHd :''rc @: n" money there IL Z
D." turned over % q corporation propsrr'
g.: tn" value - more :han SlOo. OOO. 00l
aud the r.Ght and privilege 20 extor
unjust profits from. the citizens OF thi
'OYn;rv without limit
There * nothing in the history O
III" world with which this can be com
N.|ed. Civilization IS without pre-
ccden'. :: the Ford offer ~ accepted
thCn the fight FOR ronServat ton tina: ha!
iceD waseG by puh,tc-spirited and pa
trtotic meu and women all over tn
country is not only lost and given ava,
bat those who arc uuwilliaGly compelled
70 make the gift are 10 he taxed on,
hundred years 10 make the gift NOR,
profitable. l. IS the greatest GIT eve
bestowed upon mortal man since sal
walton was made free to the human
race"
Other Features Attacked
Other features OF the Ford propose
are vigorously attacked. That propos'nl
power projects the report asserts
would maze the Fedora, WATERPROOF
act In effect. "a scrap OF paper"
There IS very little. X any. differ
eure," the document declares. "aetweel
giving a deed outright 20 hts prop
erty and giving lease FOR one hund-et
years" In the ctcnc tho 100 yea
lease should be given NJ. Ford. the re
port says. u - practically certain tina
every corporation that HAS made
lease under the Water Power Act will
he clamDr!UG at the doors OF Congress
FOR a mdiacatin OF :he!r lease and n
extension OF the time from so 10 10
years XXX II we MAKE a 100 year
lease 10 NJ. Ford's Coropartton. are W
not in htror bound TO make 4 100 yea
cease 70 Mr.. RockercllerS corporation
II cannot be claimed IN defense tina
caarot afford 10 do this because .
the confidence wh'ch the American poo
. r!e have In Mr.. Ford and tho lack o
confidence they have in some Of his co
lro lplllri