The Birmingham age-herald., 1914-10-30
Conditions Better During Next Three Months Than During Past Three
 Months, Says Gary
QUESTION AT ISSUE
 IN WAR IS LARGELY 2 DOLLARS AND CENTS
kBays if Men at Head of Worlds Iron and Steel Industry Had Control There Would Have
 Been No War

Candidly facing the fact that at present business conditions in general fin the United States, the iron and steel business in particular, are not as good as they have been, but sounding a strong note of optimism and hope fulness at one and the same time, Judge Ebert H. Gary delivered one of his characteristic addresses at the opening of the iron and steel insti- tute in this city yesterday.
 The paper read by the chairman of the board of directors of the Uni ted States Steel corporation was easi- ly the feature of the meeting of the institute, as far as the general pub 1. lie is concerned. He was given rapt attention by the members and his re- marks were at times greeted with en- thusiastic applause.
 z Judge Gary frankly stated that lat present We are not very prosperous in our lines;" that ''the volume and prices . of iron and steel were very low before the war began" that 'business condi- tions Will be better in the next three months than they have in the last three ' months:" that If the men who are at the head Of the great iron and steel com panies of the world had had anything to do with 1t there never would have been ' any war In Europe; that the question at issue in the war was largely one of dollars and cents;'' that commercial war in the final analysis should be Just as distasteful as the battles which Kill and naim soldiers"
 His address in full is given as follows: We may felicitate ourselves on the privilege of holding our convention with 1r the confines of the beautiful city Of Birmingham. The splendid achieve " ments of the city during it's 40 years of growth excite our admiration; and the hospitable sentiment of her people which Tervades the atmosphere enlists our grat- titude. Highly appreciative of the tradi- tional warmth and friendship of the peo- pie or the sunny south for the stranger who enters within her gates, we are especially pleased to be the invited guests oT this, great city and to witness what fas been and Is being done to establish 1t as a great industrial metropolis.
 Everything l could say to you con- cerning the American Iron and Steel institute and the work it Is doing would be favorable. In the collection and dis trfbution of statistics and other data re- lating to our industry 1t has been diligent, thorough and efficient. It is generally recognized as reliable source of in- formation; and it may safely be pre- dicted that it's reputation in this respect will never be diminished It is and will continue to be authority on all the ques- tions within the domain of it's inquiries, for 1t is recognized that it's publications of facts may be depended upon. It will be in the future as it has been in the past the effort of those who are especial ly responsible for it's management to con- duct It's affairs in such way that it will be of assistance and benefit not only to its members but to all others p who may be directly or indirectly in- terested in it's work.
 Value of the Research
 "The value of the research concern ing, and exposition of, the various sub 5ects which are referred to in the papers, addresses and discussions presented at the [ meetings of the institute from time to time might be dwelt upon at length. The ability, learning and industry which have been displayed by the participants fin these considerations have been striking and they evidence the fact that we have -in our membership talents fully as good as any that may be found in this or any other country. What you shall have the pleasure of listening to during the 6sy will be fully equal to that which has been pr resented at other meetings; higher praise could not be given.
 Moreover. the feeling of business