The times. [volume] (Richmond, Va.) 1890-1903, 1901-03-01

raw material and at the same time
were engaged in turning out the high
err forms of manufactured articles.
That threat, it will be remembered,
caused a shock throughout the indus
trial world. and there was great ner-
vousness in financial circles, for war
of this character meant disaster. and
once begun none could tell when it
robustness OF the situation that drove
the iron-workerS together. Combine
ton was the only way to prevent a
disastrous war, which would have
been of the most awful consequences
to the general business OF the coun-
Try. As it is. peace has been proclaim
ed. and while some people seem to be
alarmed that a billion-dollar trust has
been formed, it seems to us that the
vital interests OF this country have
been subseryed thereby
Judge j.. II. Gary, president Of the
Federal Steel Company. has recently
given out an interesting statement con-
corning the deal. and he takes the
hopful view For one thing he points
out that there are many large manu-
factories of iron and steel outside and
Independent of the concerns included
in the United States Steel Corporation,
and that there will still remain OPP
portunity for spirited competition IN
every line. but that there need be no
destructive or injustifiable competi-
tion-a competition that. serves only
to destroy the property and business
of the competitor, to reduce TO
starving point the wages OF the work
men, and finally to prejudice the con-
Snmcr.
He says that the new company will,
by the proposed community OF inter-
ests, own an abundant supply OF the
best iron ore and coke and coal in the
world, transportation facilities to car
ry the ore TO The mills. and mills to
utilize the raw material. The differ
cnt departments Of mining. manIfac-
turing. transportation. selling ana ac-
counting can be so grouped and con-
centratel as greatly TO reduce me
cost. and all materials. raw OF 1lnlSn-
ed. can be delivered 10 the nearest
poiut Of consumption. He says also
that the very best appliances and i'm
provements, which are i'll use at any
place as the result of experiment and
efforts of the ablest men, will be APP
p
piled at all points, and the business OF
the company will be so great ana us
resources so large that ii may secure
the very best talent This. it will be
readily seen. will be 4 great factor III
extending the foreign trade OF the
company. enable it to compete in the
markets of the world with the Tor
ei-ners and give the best goods at the
lowest price.
Judge Gary also points out that the
railroad companies, which are at pres
cnt CARRYING immense 'onna@es LOT
these industrial companies. VIII be
grea1ly benefited. for The business VIII
be uninterrupted. And as for the ia
boring men. they Will be sure to have
constant employment At the best mar
llct prices. IN short, he declares that
stcadneSs in business. which IS essen
tial to the manufacturer in consider
ing cost and TO the workmcn who need
constant employment. and fair wages
must necessarily result
This is a powerful corporation and
il may abuse its power. but if so the
people Will rise up in their might and
throttle it, for The people of this coun-
try rule. and they will never. so long
as the present spirit is i'll them. submit
10 being ruled by any corporation.
however great. In any contest i'll this
country between the American people
and the corporations. the people Will
win just as surely rs they won in their
contest with the arrogant Britishers
Of old.