The Sentinel=record., 1911-07-06
PLAN A BIG
 STEEL TRUST
NINE COUNTIES INTERESTED IN BIG SYNDICATE TO REeu-
 LATE PRICES.
E. H. Gary Is Chairman of Meeting in Which All Counties Favor the Plan to Regulate the
 Output of Product.

DA uoSSiSg DSiSiullr Juiy J. uC steel interests of America, Canada, England, France. Germany, Belgium, Italy, Austria and Spain were repre- scented by 16O delegates who met in |conference today preliminary to the formation of an international associa- |tion, similar to the American Steel Institute. Judge E. H. Gary, chair man of the United States Steel cor poration presided.
 During the first session of two hours when there was free discus sion all who took part approved in principle the organization of an inter national body.
 Judge Gary, who was elected chair man of the conference, explained his views concerning high minded CO., operation in business.
 Suppose said he, that company of men engaged in business and pos sessing much capital, power and in- fluence should by their conduct, un- just or oppressive, secure universal disapproval and disgust on the part of the public. Tn a brief time these men would be driven out of business.
 Suppose d producer of any commo- dity for sale should in any way with in his power ill treat all of his cus- toners, how long would it be befora the producer would be in bank. |ruptcy?
 Suppose an employer of labor treated his employees unfairly and poorly. Tn time, as a result of the action of those interested remedy would be found and this after great of business and loss of money.
 Again let us assume that during a given year the demand for a product equals less than one half of the ca pacity to produce and yet each pro- ducer is greedy and anxious to sell more than his fair proportion and acts accordingly and this attitude IS maintained until destructive results are realized.
 The first essential to an ideal in business was, he said, through ac- qaintance and frequentintercourse.
 There should be established and maintained" Judge Gary said, bus mess friendship which compels ono to feel the same concern for his neighbor that he has for himself. It is no less principle than golden rule applied to business. True it is that too often deceit is practiced and advantage has been taken by those who have been given confidence by others, but this fact shoud dishearten no one.
 Take any two men in this room :. If they are in frequent discussion on questions in which they are interest ed. frankly disclosing conditions con cerning their business, will not in |dividual conclusions reached by each be of higher order and more satis- factory in every particuar?
 Argument if sound, applies with greater force whenever a large num- Der of persons are in the habit of meeting one another with the same |spirit of friendship that exists with reference to smaller number"
 Judge Gary then discussed condi- tions in the United States, where, he said. advantages had been to the steel man. Americans, he declared were anxious to keep near to their European friends. It had been the expressed wish of many of the repre- serXative to form an international association for the interchange of opinions and information between iron and steel producers of the world Judge Gary said he believed the plan feasible.
 Baron Won Bodenhausen, of the Krupp works. speaking for the Ger man group, warmly supported the idea and one by one the members representing all the nations and the groups fully accepted the project. M Kestranek for Austria M. Diex. foi lFranee. Sir Hugh Bell and Sir Iohr