The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-07-06
WORLD COMBINE
IN STEEL TRADE
Judge Gary's Plan Adopted
at Congress of Leading
Companies
CLAIMS ACTION WOULD
PREVENT FLUCTUATlON
Being an International lnsti-
tuition. No Nation Could
Declare it IL
legal

BusSELS. BELGIUM. July 5.--An
international assocIation OF steel
manufacturers. representing the fore
most firms In that industry In Amer
lea. Canada. England. France, Ger
many and Belgium Austria and
spain. and having for its purpose the
elimination OF competition. control Of
output and regulation OF prices, was
formed here to-day. The movement
was fathered by Judge e. II. Gary.
Chairman OF the executive committee
OF the United States steel Corporation.
known in the United States. AZ the
Steel trust.
One hundred and sixty delegates
were present at to-day's meeting and
out Of this representative gathering .
committee will be chosen to- morrow
70 prepare a plan Of operation for
the gigantic organization. When this
committee will report after Its APP
pointment Is problemattcal but the
roncensus OF opinion Is that 1t wifi
not be long In forming Its plan of
operation. most OF the details 1t Is
Understood having already been
worked out. 1t seems a foregone con-
ciuslon that its report will be adopted
whenever returned and by that step
tn6 wordsworth trust put In opera
ton.
Judge Gary, who has been II, Brus-
seis several days comforting with the
inherent delegations ~ they arrived
vas CHOSEN chairman In his open
ting 1udress he outlined his views
IN certain kinds OF corporation la
business.
suppose said he, that COM
pany OF men engaged In business
ana possessing much capital, power
lnd influence, should by their unjust
~ oppressive conduct call down uni
sersai disApprosaL on the pArf of
Inc puhlie, In brief space Of tiuas
fheae men would b. driven out az
business.
suppose a producer OF any COM
modify Tor sale should In any way
~ treat enc OF his ouxtoxn.sfx. how
tpHk would II be before the producer
~oaid Ire In Bankruptcy
suppose an employer OF labor
manifessiy treated his employees un-
AIRY anfi poorly. In time, a. a re-
suit OF the action remedy would
De round, but after n great eruption
- BUSINESS and loss OF money"
Higher Ideal
Judge Gary proceeded at some
iensih 10 state his views looking to
higher Ideal In business and raid
through patience and courage. This
was one OF the main objects of to-
days gathering, he said, and 1t was
necessary az a first essential that all
present should enjoy thoroughly the
acquaintance OF his fellow delegates.
The intercourse which We hope to
inauHurate here. should be continued
~ business friendship when the
e6aeGates shall have returned to their
!, hatwes,' he said Let each feel tha
same concern for his ueighbor as
tor himself. In short use the golden
rule IN business. No one should be
disheartened by the practice Of de-
csit In others--for example," con-
tfnued Judge Gary. TAKE any two
men In this room engaged In COM
petitiee business but who are suffi-
ciently acquainted to put AntiEe con-
ndence In each other. There Is no
doubt that IN the daily conduct OF
their affairs neither would do any
thing unneiEhborly or unfair towards
the other
II there are frequent discussions
on questions in which they are in
terested. freely interchanging opinions
and frankly disclosing conditions cor
Ia SEEMING ..athsir business will not IN.
dfvidual, decisions reached by each
lie OF a higher order and more salts
factory II, every particular"
The sreaker then referred to con.
diticns In the United States, speak
ing along the lines OF his al ;ress at
tho luncheon given the steel men
at shs We dorf in New Y1-S e..y
several mt nths ago.
tie said In conclusion tina. the
United Ssses were anxious t. he
: nearer ftetr European friends. lie
believed that the plan suggested to
him by many delegates of forming an
International association for the ex-
change for opinions between the iron
and steel producers of the world was
feasible.
Many OF the delegates sopke warm
" approving Judge Gary's plan.
Among them were NJ Wltmeur, Of
Russia; T. J. Drummond. Of Canada;
Count zubiria, Of Spain: Charles NJ.
6chwab. Baron Won Bodenhausen, OF
the kTupp works at Essen, Germany:
n. Kastrenek. OF Austria; NJ. Dieux.
OF France: SIR Hugh He'll and John
Rardie. Of Great Britain, and M.
0reinkr. OF Belgium.