New-York tribune., 1907-09-11
RAIL CONFERENCE SOON
EX-JUDGE GARY BACK.
.SaYs He UW Soon Summon Rail
7c0y Uen and Steel ManufactWers.

Ex-Judge E. II. Gary. chairman of the board
of the United States Steel Corporation, who
went abroad two months go on his yearly vaCa-
tion, among the passengers on the new
North German Lloyd line Kronprinzessin
CeciIie. which arrived yesterday. He spent the
greater part of the afternoon his office, where
he was present at the weekly meeting of the
finance committee of which he is chairman and
later held a series of conferences with his asso-
Ciates in the executive n1anag gement Of the steel
corporation.
In reply to a question : to his visit abroad
the judge said that all of his time in Europe
had been devoted to a thoroughly enjoyable au-
tomobile tour. in the course of which he had
covered four to five thousand miles and had trav-
elled through France. Italy. Switzerland. Ger
many England and Scotland. Asked If he had
found money conditions as stringent in Europe
as they were here he answered that the French
had plenty Of money, but seemed inclined 70 hold
1t. their reluctance to make Investments IN
American securities being due in part 70 the
movement against corporations in this country
The subject of steel rails heIng suggested
Judge Gary said that it would be two or three
weeks before any announcement would be made
OF the conclusions arrived at by the committees
of railroad men and rail manufacturers who had
been during the last few months at work on the
problem Of finding a type Of rail which would
meet the requirements OF the heavier and larger
rolling stock and higher speed now the rule on
the railroads OF the country
The matter Of calling tho meeting had been
left In his hands and he would soon summon
the railroad men and the manufacturers 10 a
conference. II was tho policy OF the Steel Cor
poration. Judge Gary added. To seek peace
rather than conflict. and 20 deal In perfect fair
ness alike with customers. with competitors and
~ n he
iron and steel industry in the United States. the
judge preferred to say nothing as he had not
yet had opportunity 70 acquaint himself with
present conditions
Judge Gary said that the steel industry
abroad. particularly in Germany. was pros
porous.
The German government favors combna-
tions.' ne said. "and the steel business there is
wonderfully successful and progressive. We
claim to excel. of course" he said in answer TO
the question To which country led in the steel
business but Germany is very progressive.
painstaking industrious and studious and there
fore very successful"
Judge Gary said that the United States Steel
Corporation was not interested in any of the
steel combinations abroad. but that consulta-
tions between its representatives and those OF
the foreign corporations, With respect TO the in
terests of the manufacturers In the different
countries we're held occasionally
The demand for structural steel in Europe is
gaining rapidly" he continued. "and II won't
be long before large amounts will be needed and
bought. They building large office buildings
in France OF steel construction. and even In
Venice they have taken TO steel and are putting
up steel buildings"
He added that he believed ii was only n ques-
ton Of time before the buildings of the world
would be reproduced in steel
"As far as the United States is concerned
he said we are in prosperous condition and
It will. only be a short while before things will
adjust themselves. The prices of foodstuffs are
high. but that will be regulated by the law of
supply and demand"