BETTER ERA FOR BUSINESS

Press, Volume LXXIV, Issue 22344, 7 March 1938, Page 9

BETTER ERA FOR BUSINESS

♦ Mr Henry Ford’s Forecast FINANCIERS BLAMED FOR RECESSION (UNITED PRESS ASSOCIATION —COPYRIGHT.) (Received March 6, 10.40 p.m.) NEW YORK, March 5. Mr Henry Ford told the British United Press that the present generation would see the greatest era the world had ever known. He anticipated an early improvement in business conditions, and proposed that industry should combat unemployment by providing technical education for youth. Students should be taught to use their hands as well as their heads, he said. He blamed the recession on the efforts of financial interests to control prices, production, and wages. “Financiers are trying to break the country so as to control all industry. If this small group is successful prices will go up and wages down. However, I am glad to see that finance is waking up in one respect. It is moving in the right direction by recognising that grain, such as wheat and corn, is the true basis of wealth. After all, money is simply a token of what has been done. Gold itself is not a very useful metal.”