Jasper County Democrat, Volume 23, Number 52, Rensselaer, Jasper County, 25 September 1920 — GENERAL AND STATE NEWS [ARTICLE]

GENERAL AND STATE NEWS

Telegraphic Reports From Many Parts ot the Country. SHORT BITS OF THE UNUSUAL Happenings In the Nearby Cities and Towns — Matters of Minor Mention From Many Localities, k FORD RESTORES PRE-WAR PRICE 0 All Products of Motor Plants Reduced—No Change in Wages. Detroit, Mich., Sept. 21. —Re-estab-lishment of pre-war prices on all products of the Ford Motor company, effective Immediately, was announced today by Henry Ford. The price reductions from approximately 14 per cent on motor trucks to 31 per cent on small automobiles. In announcing the decision of the 1 company Mr. Ford, In a formal statement, said: “Now is a time to call a halt on war methods, war prices, war pro- ’ fiteering and war greed. It may be 1 necessary for everybody to stand a little sacrifice, but It will be most profitable after all, because the sooner we get business of the country back to a pre-war condition, progress, prosperity an<j contentment will occupy the attention of the people. “For the best Interests of all, It is' time that a real practical effort was made to bring the business of the- country and the life of the country down to normal. Inflated prices always retard progress.” The announcement said that the price reductions were made despite unfilled orders for 146,065 vehicles. There will be no reduction in wages at any of the Ford plants, It was announced. Ford said lack of materials, which are stored In many parts of the country, is impending production and that a slashing of prices is the only way these materials can be forced •on the market and pre-war times brought about. Ford said industry is suffering as it has seldom suffered as a result of industries storing not only the finished product but the raw mate rials.