The Washington times., 1923-03-23
FORD SEES HUGE
INDUSTRIES
AHEAD
Economy to Force Greatest
Capital Combinations Ever
Known, He Says.
ny GRAHAM CAMPBELL.
Copyright. .lsss. BY international
News Service


Copyright. ,1sss. BY international
News service.)
DETROIT, Mich, March 3D.
Within twenty years industry will
have crown to such vast proper
lions that "big business Of today
viii be small in comparison, accord
ing 60 opinion expressed by Henry
Ford In q review of conditions and
4 prophecy for the future.
Ford Is an optimist. But he be-
lleves that investment in q concern
merely for the sake of profits is
s.had business" Outside capital,
Ford declared, interferes with Indus
trial progress Money paid out IN
dividends, he believes, should go
hack into the business to improve
and expand 1t.
A manufacturer should run mis-
business just as he runs his home
che famous motor car maker SAID.
Ford thinks that within five years
or 10 most OF the railways win be
oIectrified. He revealed that he IN
RarxsE 20 construct q model highway
uaralleling the Toledo and Ironton
Rallroad, which he bought several
years ago.
Huge Gains Seen.
ssWithiri twenty years industry viii
ha no maanffied that the big business
o. today will be small in COMPARE
con-" was lords answer to the CUES.
elon, ''What issindustry coming to-!
Continuing, Ford said:
Industry IL coming to big bus.
ness. Not big business as We now
know it-BIG business is what ]
mean. We have. within four miles
Of where you. are sitting. q plant
which is q big plant when com
pared 20 other manufacturing
plants Of today. It employs more
than $4,000 men. This plant is our
blast furnace where we use just
three things IN the raw--coal. ore
ana wood. From those three fun
damentals We produce multitude
of products.
people Nloolx at the plant and
say: what big piaceg It is-to-
day. II won't be-twenty years
from today. Industry. twenty years
from now. win be big business
that takes materials in the raw
and turns them into finished
wrD1uct at . price the average
eussoneL - -, - .,.-..-...--I..
- aH - t e.oL -
80 VARIOUS p,Cll.s y Lns 1919 1919
....sl1i se 1 49, p. -. s.. Sa.
.1 ss. 49,. 8. ..ln.4 sAa - ..
& 1870 40 Il. ,,ot .ereate re. be
<nftfIeA to = nrofit s man naust
crsa1e or must sarye-soma fndisDen.
sahle need in the process Of pro-
dnction and distribution"
....-. -. 49, 1..l.S
80 - -. -
81. r,,h,,,
...rhera !. +. a,ft.-...,. ,,.r,,aA
difference = between big business
and q trust. A trust Is specula-
Se nuuS.Ly that sees OUT 20 Ino.
lsy'a1S - euc inolopon1es
.ce % oeslroylng conpetlIlon'
4aaas aIteE competieion - 0estLoyeds
y advances prices over e controlied
80. 80.
-. ne cay colns, Oeueve,
,.s "a =. VII - ~ gu s1.s s1Ocn.
-. =. D.e $3.50 ME- $3.50
&C.. -, en- irvests y,,o1 ,,u =,
.Snce-,, -. a. s;n ,Is ,,,,rr@ss -
1880 cs,t ,rSest. ana ,e;nrests,es,
4M<.&m VnrnP;fu fF, aoFn affafuzr a1mo
srSsI a. -n,.. r. = t,.1. hs,.,,s 80
49, ,,,,fsts fy,,,, eo,,cs,,, s,,o,sId
- MT hscI~ into The evnans;on .of
shaf concern ----,-
81 person may argue that ont.
side capital is needed to finance
extensions. This is not so. A bus
me- snoulo groW JUST as Iast as
$500 OAa'S i' - ~ e'o"' "o
Run Fz,.;u... IL. H..
.srn. ,,,.r,,f.ct,,-or .,o,,Ia .,,n
A. -.
"out" ~"
ms nOine' VIC can say. me
oesfeS' Oe'ns private ana COM
ey con'Ioneu Oy nimseh' can