The Birmingham age-herald., 1913-10-25
Light Tonnage Decrease


mined and there has been little dimuni-
tion in consumption. Easier money is
already at hand and unless the signs
| of the times are in error we are on
| the eve of another prosperous era"
! Mr.. Schwab asserted that the spirit
of pessimism he found in the nation
upon his recent return from Europe
was not well founded.
I'VE deserve what we are getting,
asserted Mr.. Perkins iris reference to
Legislation. 1--WE and the public do not
take sufficient interest in public office.
| am sure no one in this room would
| select 10 per cent of our present pubic
! officeholders and give them work at
| salaries of $1,000 a year. And these are
the persons who are now trying to
solve the economies of the country.
Notwithstanding this 1 believe all
the legislation in the world cannot stop
the rapid Improvement of the economl-
cal condition of the nation
craftsmanship a Lost Art"
+. Mr.. PERKINS declared that States
manship is a lost art" He said there
are not a half dozen leaders In any
party who are statesmen, according TO
the old standard
| II want to emphasize in your minds
that 1t is of little consequence what
party is in power in the-Untted states,
| Judge Gary said. Il want you to keep
| in minds that under all circumstances
and no matter what happens that is
displeasing to us, you must be loyal TO
| the government Let us do all in, our
power to carry on and enforce the prin-
ciples which advance all citizens. 10y
atty must be the watchword in the part
we take in carrying on the govern
ment."
| Judge Gary's speech in full follows:
! /. 'All of us appreciate more fully as time
passes the benefit of membership in this
| institute and the wisdom of liberally sus-
| tanning it.
THE papers read and the discussions
| had on questions of business, on techni-
cal subjects and on welfare work are not
only interesting and intelligent, but they
are of practical advantage to us. Those
heretofore present9d are worthy OF the
| careful consideration OF all who are inter-
ested in the subject matter. They have
| attracted wide attention and have received
| general and favorable comment and their
| influence extends far beyond those VINO
are directly connected With the iron and
| steel industry. The men producing them
are entitled to great credit, and .they will
| In wears to come nave reason TO be proud
Of their connection with the institute and
4 of the part they have taken in the delibef-
| atoms Of it's members.
"The institute issues Il monthly bulletin
| of many pages, beautifully printed and
amply illustrated. This serves as the
magazine of the institute. 1t exhibits
| from time to time the progress made in
(, different fields. Not the .east of these is
| welfare work concerning which the n en-
| bers of the institute have been enthusi-
astic and sincere.
.AH the statistical work formerly car
| ried on by the American Iron and Steel
association, under the general manage
rnent of Mr. James M. SwanS, is con-
| tinued by the institute. 1t publishes spe-
| cia. statistical bulletins giving results
| as soon as ascertained: and these are
| afterward embodied in the annual statisti-
| cal report. Besides. new edition of the
| directory of iron anl steel works is now
lin process of preparation.
1.-THE association of business men under
the auspices of an institution based and
maintained on the high orde~ Of intell-
gence and of regard I'd each other which
governor the motives of those most ac-
| tive at the inception, cannot be otherwise
than most agreeable and directly beneIi-
| cial to all of us.
LAS a result, we are more considerate
OF each ether. We are kinder ami more
liberal toward our employees. We treat
our customers better. We 40 something
| for ourselves. because VIC do something
| for others. We have been potential in
placing the whole iron and steel industry
| on a higher plane. We nave learned
| from each other much that has been
profitable to us in the practical manage
ment and direction OF our business affairs.
| while the good that can and will be
accomplished in the future by The iisti-
| tute will be more and more extended from
time to time, the work already done hs S
been effective. and more than justities
the time and money which We have con
/ tributed to it's support
| Your president has heretofore on many
occasions referred to questions of morals
and ethics and patriotism as being of the
greatest Importance, and has endcavored
to apply the principles to the conouct of
our daily efforts. We ali agree that, in
| our daily walk ami conversation, we
should recognize the necessit" of upright,
honest, fair and loyal treatment toward
every one affected by our decisions.
4 There is no intention OF departing frc M
or minimizing these principles in what
shall be said today.
Some Suggestive Figures
| However. on this occasion / am dis
| posed to speak briefly of practical busi-
ness questions which are now in our
thoughts and perhaps causing some of
US, feelings of anxiety. Conditions op-
| portunities and prospects of an economic
| nature are attracting the attention of the
business men of this country and we are
vitality interested In them.
|. Never before in. the history of this
country was the opportunity for COM
mercial progress and success SO great
~.