The Washington times., 1913-10-24
GARY SEES HOPE
IN BUSINESS SIGNS
Steel Corporation Head Has
Confidence in Future of
Greatest Prosperity.

CHICAGO. Oct @i.-In an address be-
fore the American Iron and Steel In.
stitute here, today. Elbert II. Gary
head of the United States Steel Corp
GRAFTON, set forth his views as to why
business has hesitsted, expressed the
belief that the outlook was hopeful, and
declared that present conditions are
greatly improved over those of a few
years back.
The rich are more liberal and more
charitable and the poor are more CRATE
full for what they receive" was one of
Judge Gary's remarks. ''1n short the
relations between all are becoming
closer and better understood he
added.
Gary declared that in seeking to dis
cover why business mas hesitated he
believed it was largely because of un-
necessary agitation and ill-considered
criticism by those who have not the
nations best interest at heart
There is too much demagogy, too
much mud-Slinging, he said. 1T is not
uncommon in public discussions to treat
success as an offense; to consider that
possession of wealth, however honestly
acquired, is wrong. Legislation calcu-
lated to create classes is urged persist
entity: also laws to impose unnecessary
and unreasonable burdens, to forcibly
take from one something which he has
and is entitled to have, and turn 1t over
TO another; to prevent or to lessen the
success of legitimate enterprise and
endeaVor.
Capital. always timid, has been seri-
ously affected by this unreasonable and
uncalled for agitation and attack. In
deed. it is becoming frightened. Conf
dence has been shaken"
q nn1a ho4 q
fore were conditions which promote the
material welfare of the people so IA
Vorable as they are today. This country
is the richest and greatest of all in
productive capacity, he said, and after
explaining the cause of the hesitancy,
said:
In short, this country, though hes-
tating is eager to do business. The
volume of business at this time, al
though large because the country is so
vast, is not half so great as ii ought 10
be or as it could be.
I'VE would not discourage honest,
sincere movements, which are intended
10 maintain a fair equilibrium as to the
rights OF all classes of people; or those
intended TO prevent oppression or
wrongs, or such as may furnish full
and equal opportunity to every one to
honestly and properly advance his own
welfare and pecuniary interests. But,
at the same time, 1t should not be for
gotten that the people of nation pros
per or fail together; that the unneces-
sary destruction OF one or a few ad-
versely affects the whole body; that,
while the application of the principles Of
good morals is of the highest impor-
tance, nevertheless, the man whom ii
is sought to influence by these conSid
erations lends an unwilling ear, unless
at the same time his material wants are
satisfied.
There is placed upon those in power
and authority at the present time a
great responsibility; no doubt they will
measure up to il.
what I have said has not been ut
tered with a feeling of despondency.
On the contrary, there Is ground for
optimism. i think we are arriving at
2 better understa nding, that We are ap-
preaching the dawn OF the greatest
prosperity"