The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1913-10-30
GARY TELLS HOW
TO Be PROSPEROUS
ATTACKS ON CAPITAL ARE CAUSE
OF INSTABILITY, HE
SAYS.
CAUSES FOREIGN DlsTRUST
Hesitancy Of Foreign Moneyed Men
to Invest Here Thus Explained,
He DecIares-Business Not
Half What It Should Be.

Chicago, Oct. 27.--Judge Ebert H.
Gary, chairman of the United States
Steel corporation, in an address at
the semi-annual meeting OF the Amer.
lean Iron and Steel Institute, declared
that the stability of business has been
interfered with and the confidence of
capital shaken by unreasonable and
uncalled-for agitation and attack" In
spite of the country's wealth and re.
sources, foreign capitalists wonder
why we are not more continuously
prosperous he said.
As to Exceptiona! Cases.
There are exceptional cases." de.
clared Judge Gary, Gin which mis-.
management has caused distrust or
dissatisfaction on the part of foreign
and domestic capitalists; but this is
not the principal reason for hesitancy
at the present time on the part of
these capitalists in making invest.
ments in our securities. They wonder
why it is that with our great and
growing wealth and resources and our
superior advantages we are not more
continuously prosperous; why we are
not more stable in prices and values
and in general conditions; why there
is ever any disposition on the part OF
any one to interfere with the normal
and natural progress in the develop.
ment of our country and it's indus
tries. Every one who travels extern
sively abroad is confronted with these
inquiries by foreigners friendly to and
interested in our commercial and
financial conditions and success; and
we assembled in this room are asking
ourselves the same question.
Much Unnecessary Agitation.
II venture the assertion that it Is
largely because Of much unnecessary
agitation and ill-considered criticism
by those who have not the nations
best interests at heart. There is too
much lemogogy, too much mud-sling.
ing. The man out of office criticises
the man in office and the one in Of
fee in turn seeks to advance his own
interests regardless of the effect upon
all others. In many public speeches
and in magazine articles the author is
influenced by motives of selfishness or
cupidity. Appeals are made for the
purpose of creating a feeling of dis.
satisfaction and unrest when this is
unnecessary and unjustified. Fortu.
nately this is partially offset by the
conservative attitude of some OF the
leading journals; and the number is
increasing.
ut is not uncommon in public dis.
cussion to treat success as an of.
tense; to consider the possession OF
wealth, however, honestly acquired, as
wrong. Legislation calculated to ere.
ate classes is urged persistently: also
laws to impose unnecessary and I'm.
reasonable burdens; to forcibly take
from one something which he has
and is entitled to have and turn it over
to another; to prevent or to lessen the
success of legitimate enterprise and
endeavor.
Not Up to Standard.
I'm short, gentlemen, this country,
though llesitating, is eager to do bust.
ness. The volume of business at this
time, although large because the coun.
try is so vast, is not half so great as
It ought to be or as it could be. 1t is
high time for all of us to wake up to
a realization of the fact that we are
in competition with other countries
who by every means in their power
are striving for supremacy; that it is
not difficult for us by good manage.
of success"