However neither Ontario nor Michigan wanted to finance a river crossing. Michigan automakers subsequently decided to take the initiative to connect the Midwest to central Canada. After they created a bridge company, the project got into trouble when a Toronto financier hired to sell its securities instead embezzled the money and ran off, before ultimately committing suicide in a prison cell after conviction for murdering a drugstore clerk. The bridge boosters turned to New Yorker Joseph A. Bower, a businessman who specialized in rescuing mismanaged companies. Bower succeeded in raising the necessary initial $12 million. "The only way things can be done today, is by private business," said Henry Ford, who backed the project.