New-York tribune., 1901-02-28
EX-JUDGE GARY'S VIEWS.
THE CONSOLIDATION WILL Re
\ GREAT SUCCESS

Ex-Judge z. II. Gary, president OF the Federal
steel Company. In response To request for his
views upon the consolidation Of the steel proper
ties, said yesterday:
The consummation of the plans which j p Nor
6 gan q 40, nave been considering for uniting under
one management the properties and business of
pounced BY them, viii be favorabiy received fhe
ouSIuesS I mas Deen managed with ability. courage
ana patience, and with great pTomptnesS The cir
cumstances which surrounded the enterprise al the
involved so variant ana wide as 70 make i, 9p-
paIrentIy impossible 10 accomplish the desired re-
negotiations which have been pending viii be con
stIersl hi as the greatest business achievement OF
WI While there will doubtless be some disappoint-
fGihpanIes IN consequence of the fixing OF compare
i've i've ,yalues which may be considered too low or
, me men IN charge have in view OF the conditions
the interests of ali concSrnads POSSIBLE to protect
b1 pS VI,ueS n hHed are comparatively low or too
mat IN IT. the aecepapce Of the offers which are made
result In great benefit 10 them '
Notwlthstanding the magnitude of the enternrIss
should he unfavorabe effect In busne rnas rere
marlet II Is PROPOSED simply to withdrawn from the
many different CORPORATIONS under as many difrer
ents, and place in their stead the stock Of y new
will be comparatively small and contributed ISTgeIv
oy tho5e VINO are now interested in the old com
panles. thus transferring balances on money princi
pay in the same banks Possibly at the beginning
and before opportunity is given to demonstrafs
whether or not The concentration of such bust
ness interests Will be beneficial there may
apprehension but there need be none. provided the
management is able, conservative and reasona bic:
different companies have been received. the cues
tton of anagement of the company wifi; he
taken mp by the gentlemen who are responsible
for the success of the company. and determined
solely from the standpoint o. merit.
II the disposition of the management of the new
company is to secure increased earnings by econo-
mics in business. and not the result OF unrea-
sonabe prices 10 the consumer. unfair wages
TO the workmen surely there can be no cause for
iron and steel and their products. involving very
large percentage OF the total production in this
country. outside and Independent of the concerns
included in the pending negotiations and therefore
there VIII stlll renal opportunity for spirited COM
petition in every line: but there need not be de
structve or unjustifable competitions competition
that serves only 10 destroy the properties and bust
point the wages OF the workmen, and finally
greatly prejudice even the consumer. The manage
ment of the outside and independent manufactures
referred TO are, rule, fair minded and broad
gaueed. and they will not be disposed 70 engage in
any reasonable business methods. 1t is expected TO
interests
time under consideration plans for the expenditure
Of approximately $50 1000 600 for extensions addi-
disposition of the owner OF products to pre-
pare for their conversion into finished materials,
own control the materials Most OF these
expenditures will become unnecessary. The new
terests abundant supply OF the best iron
ore and coking coal In the world TRANSPORTATION
nle the TO Ts mafers Drs 20 5ne mills s and mills to
ments OF mining. manufacturing. transportation
centrated as to greatly reduce the cost. and
all materials raw finished can be delivered 10
business. which Is essential 10 the manufacturer
In considering cost and 10 the worknlen who need
sariiy result 1.-The The very best applianess and i'm
proysnents @ @ Which are IN use az any PLACE as the
will be applied at all points. Indeed the bust
ness of the company win be SO great and its re-