The Waterbury Democrat., 1931-11-18


 quit-that is a long step forward, he told the United Press. T am sure we are making progress. and progress is always painful. We are all wiser men and women than we were, and we are going to make better use of the next decade. Ii you want my opinion, ten years from now there will be much real prosperity--I do not mean fever ish, speculative false prosperity but real prosperity such as you can keep-such as to make all previous prosperity look small"
 This practical philosopher of the machine age, who remade the face of America with his low-priced au- tomobile, is wondering like many others. He forced paved roads in- to the backwoods of the nation. He first demonstrated that high wages make good business. He ran the machine age into high gear and taught the world what mass pro- duction could do.
 Yet he has seen his world of 1929 come tumbling down in a chaos of overproduction. Thou sands of his high paid workmen, the envy of the labor world, have had to go hat in hand to get food and clothing doled out by the city of Detroit. Henry Ford, like the rest of us, Is wondering what Is wrong that such a calamity should happen while the mechanical genius of mankind is in its great est flower.
 I found him in his experimental f<t h ..a Aa, ak nAnehArn Ha and his son, Edsei, were off in a corner examining the latest device of his engineers in connection with the ket. We went into one of the of- Aces. Ford tilted his chair back against a window, a tall, wiry fig- ure in gray. with nobody knows how many millions in cash in banks. his great deer-stoeked estate across the road, secure so far as he who has profted beyond the dreams of Midas from the existing system. Yet wondering whether something better could not come out of 1t.
 "What is the outlook?" he asked repeating my question.
 uGpctlQb WhOthCE yVu hhV0Aa tomorrow or next year. Things will go along. Millions of people have steady work. There are parts of the country where they haven heard of the depression. Even when things. are slow the business of the United States is pretty big. But don't look for recovery-d look for something better. I hope we don't recover the old system. have no desire to see the country go on and create a bigger and bet ter panic in, say. the year 1S40. We want to lose the old panic breeding habit altogether"
 He asked what wheat was doing on the market. I told him 1t had gone up on reports of damage to the Argentine crop.
 .Think of a system which sud- denly becomes happy and hopeful when the wheat crop is reported 70 have failed" he exclaimed. The wheat outlook is worse, therefore the financial outlook is better. does anyone want that kind of a system to reeover7 It isn't common sense.''.
 What, asked him. should we learn from the depression.
 s.Everybody has learned some thing," Ford replied. NO one now believes that we can ever avoid work.
 stock market is no substitute for daily labor. No one gets rich speculating in stocks. know there Is a belief that there were some lucky one's--but there weren't.
 ..Stock speculation broke every body that had anything to do with 1t. Both buyer and seller; there were no favorites. Everybody was to blame for what happened--you can't exempt anyone there, either. Everybody helped bring 1t on and everybody will have to help to
 .Hoarding - there is another thing we have learned something about. We should have known better than ever to attempt it. With the example of Germany and other countries before us. There is a law Of nature which says. use or lose. If you don't use your arm, you finally lose the use of tt. It ia the same with money. The American dollar is as sound as c nut now. But 1t would not con- tlnue to be sound if everybody hid 1t away. When they hid their money in Germany. q wash.tuh full of money would not buy a bag of flour. Hide away American dollars and the same thing would happen here. You have to uss noriey, It Is eniy a receipt foE somefhins real. h Itself lt is noth' lng. if the system vas fiEht there would be no need of saving money anyway. saving is only the renuil of fear. of feeling Of insecurity The safest place anytime for none, is ln goods. provided you buy wiso' iv. of lhlnss nall need afln thnt arc