Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-05-25
BUSINESS IS SAFE
JUDGE CARY SAYS
Steel Chairman Declares United
States Will Prosper if
Care Is Exercised.

New York, May 25.-E. H Gary,
States Steel Corporation and president
of the American Iron and Steel Insti-
tute, speaking at the annual meeting
OF the institute held at the Wal
dorf Astoria, said: THE United
States is bound to prosper and if we
are careful of our business and hus-
band our resources, if We have cour-
age and persistence, we will come out
all right.
LAS 1 read the signs of the times,
there is a well developed sentiment
throughout this country in favor of
giving big business a fair chance. The
man in office who will have the dispo-
Sition and the courage to declare that
it is fair for the people of this country
to realize that there can be no real
happiness and prosperity except on
the basis of material growth is the
man who will receive the support of
the people. We shall see more and
more of that kind of man in the near
future.
The membership of the American
Iron and Steel Institute is now over
1900. When our mills are running at
full capacity and our bank balances
are satisfactory it is natural and
easy, perhaps, to pay large wages and
feel kindly toward each other, avoid
ing anything unfair to our competi-
tors. But when times are different,
if the orders on our books are small
and the prices are very low and when
demand is very much below supply,
we are more or less inclined to be
selfish. 1t is a necessity to be fair,
reasonable and generous to our en-
ployes and towards one another
- Cont have to tell you to be gen.
erous to our customers, for they are
taking care of themselves; but it is
necessary and our duty to be consid-
crate of each other.
Il would like to say what is on
my mind concerning the causes for
present conditions, but perhaps it is !
l said six months ago, |
at our semi-annual meeting, that in |
my opinion we were approaching the |
door of prosperity. Do not forget that |
we are six months nearer that DOOR !
There are some favorable things to |
be considered. In the first place, as
is our habit, we turn to the crops of |
the year. There is something that |
cannot be taken away even by the
politicians. The crops are great, and |
they will have their influence upon
business conditions. The country is
just as big as it ever was and is grow
ing just as fast"
James A. Farrell, president of the
United States Steel Corporation, re-
turned yesterday after a months stay
in England, and in discussing the bust
ness outlook said:
There are indications that business
the world is gradually
from an unsatisfactory con-
dition to one in which commercial con-
fidence is being re-established.
"All of the European countries are
strenuous efforts to increase
their export trade in every branch of
industry. Notwithstanding the apa-
thetic condition of the markets of the
world. Great Britain's exports show
an increase and Germany's CONNER
cial industries. supported by the great
resources of the empire. government
al and private. are perfecting their
export organizations for the purpose
Of developing trade possibilities.
That American manufacturers are
impressed with the necessity of secur-
Ing an increasing share of the worlds
trade is shown In the widespread in |
terest taken in the national foreign |
trade convention to be held at Wash |
ngton on the 9th and 2sth inst"
--
In Germany the sofa Is invested
With sanctity as of a throne. The |
visitor must not sit upon IL unless |
especially invited to do so by the
hostess. To take seat there I'M