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Sign up freeThe Ocala Evening Star
Ocala, Marion County, Florida
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In Detroit, Henry Ford vows to block Wall Street's involvement in the Muscle Shoals waterpower project in Alabama, reaffirming his offer to lease and operate it as a public example of waterpower development.
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Detroit, Mich., March 18. Declaring that "if it's the last thing I do in this world I'll exert every resource and influence at my command to keep the hands of Wall street off Muscle Shoals," Henry Ford yesterday broke his silence maintained during the last two months with regard to his offer to lease and operate the government waterpower project in Alabama.
Mr. Ford made the statement in answer to an intimation reaching him to the effect that because of his silence the southern states had begun to wonder whether he had lost interest in the project.
"Tell those people of the South," Mr. Ford said, "that Wall street will have no part either in financing or operating Muscle Shoals if I can help it. If it's the last thing I do, I'll exert every resource and influence at my command to keep the hands of Wall street off the Shoals project and perpetuate it as a great example to the American people—a living example of what they can do if they will safeguard the country's waterpower and develop it."
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Domestic News Details
Primary Location
Detroit, Mich.
Event Date
March 18
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Event Details
Henry Ford declared he will use every resource to prevent Wall Street from financing or operating the Muscle Shoals government waterpower project in Alabama, breaking his two-month silence in response to southern states' concerns about his interest.