Evening star. [volume] (Washington, D.C.) 1854-1972, 1936-11-02
F|NANC|ERS SEEN
BACKING NEW DEAL.
Industry Opposed to Roose.
welt Administration,
Ford Declares.
By the Associated Press.

DETROIT, November 2.-Henry
Ford, in statement issued from his
home yesterday, said he believes Tues
days election will determine whether
industry and labor can repossess their
right to proceed under free initiative
or whether they will be put still
further under the control OF inter-
national hnanciers."
The Dearborn automobile manufac-
turer. who Endorsed the Republican
presidential candidacy Of Gov. ALI M.
Landon several weeks ego, declared
industry is opposed to the New Deal.
International finance Is for It,"
New Deal legislation" he said, Els
compelling all kinds of American in
dustry to become customers of the
money lenders. That's right in ac-
cord with the basic alien principle
behind all New Deal projects. Any one
who thinks that the real inside finan-
ciers are opposed to the New Deal
doesn't know what is going on.
Every American-especiall every
American working man-should un-
derstand clearly that industry is one
thing; finance Is another thing, wholly
different. We hear people say that
the chief benefits of the New Deal
have gone to the working man. That's
not true. The chief beneficiaries Of
the New Deal have been the bankers.
the owners of debt business because
the United States Government. under
the New Deal. has been the biggest
and most profitable customer the
bankers have ever had"
~Cured Of Foolishness."
Perhaps all we have been through
so far has been . good ching" he
| continued. Now we are cured OF the
foolishness Of expecting the Govern
ment to do anything for us. Govern
ment can't make work. The best 1t
can do, to help the country, Is to keep
from hindering work. When the N.
r. A. went overheard and much Of the
Governments interference with it,
business began to get better right
away. It will continue to get better
unless more political interference is
attempted.
There's more work to be done IN
this country right now than there's
ever been before. And work Is the
only solution and social security We
ever can have-work and wages.
We don't know anything about real
wages yet. Even though they are the
highest in the world, American wages
are not nearly as high now as they
are going to be when this country
really gets started.
THE only threat see to higher
wages in this country Is from threat
ened political and financial control.
They both operate the same way.
Industry was getting pretty we'll out
of the clutches of finance until the
New Deal came.
Gives Views on Wages.
Except for maintaining law and
order" he said, Government has had
nothing to do with the great increase
in the ability of the American working
man to earn, and American industry
eminent has got control OF an indus
try the common people suffer for
| 1t.
mo Government knows enough to
run any industry. Neither do the
financiers. They never try to-except
as part of some plan to control the
people"
OF the social security act, Ford said:
Under some social security systems
abroad q man cannot quit his job. or
apply for another, or leave town and
20 to another, even to get q better
Job, because that would break the
economic plan Such . restriction
of liberty will be almost necessity
in this country too If the present
social security act works to its nat
ural conclusion"