Saturday, May. 05, 1923
Mr. Ford Concurs
Despite Mr. Ford's antipathies to Wall Street, as frequently stated in his Dearborn Independent, a recent expression of his views on American business prospects quite agrees with what leading Wall Street bankers have been saying for several months.
Particularly did Mr. Ford condemn the present tendency of manufacturers to scramble for men and materials by bidding up commodity prices and wages, as not only unsound from the individual manufacturer's standpoint, but dangerous to the continuance of present prosperity. He characterized the prevalent desire to "do two years' business in one " as " killing the goose" and he stated that, although the Ford Company had orders to make 10,000 cars a day, he " did not propose to strain his production facilities by such methods."
Less hard-headed were the views attributed to Mr. Ford in the Michigan State Senate, where he was quoted as planning to build a factory on every small waterpower site he can obtain in that state, and thus give winter employment to farmers at city wages, which all comes back to the fact that running the Ford Motor Company is one thing and courting the farmer vote is another. Mr. Ford is undoubtedly the world's premier automotive manufacturer. As the savior of the American farmer, however, his practical efficiency is yet to be established.