The Birmingham age-herald., 1917-06-01

New York, May S1.-(Special)-Judge
 E. H. Gary, chairman of the board of
 the United States Steel corporation
 spoke briefly but very earnestly a few
 days ago to g considerable delegation
 which represented the American steel
 and iron industry.
 At first reading this address seemed
 to be sincere appeal to the American
 people as well as to the leaders in the
 steel industry that they look upon our
 entrance into the war with Germany as
 involving very serious and perhaps
 vital issue, and for that reason we should
 all be prepared cordially to meet any de-
 mands which may be made by the gov
 ernment upon the resources of the peo-
 pie.
 Judge Gary pledged the industry with
 which he is identified to givc earnest
 support and to meet any sacrifices which
 are deemed necessary in order to carry
 on the war to a successful issue. The ad-
 dress has created a profound impression
 here, for it is believed to voice the feel
 ing of the industrial leaders of the United States. There was one feature O. it, however, which upon the first reading of the address escaped notice, but, has within a day or two been much com mented upon. Some months ago Judge Gary was quoted as having ventured the prediction that the war would be of much shorter duration than many persons thought likely, even intimating that he would not be astonished to hear of sud den termination of 1t within & few months. He intimated his view of a probable speedy ending of the war before the United States was compelled, as he stated in his recent address, to believe 1 that Germany intended directly to as- sault us.
 The latest of his addresses justifies the l inference that he has changed his view respecting the duration of the war; At all events he believes that the United States should now make thorough prepa- ration for maintaining it's position as a belligerent and as one of the allies, for l if we do not the war may be so prolonged | that we may fail in our duty and fail ure is likely to mean disaster for this country.
 | An intimation comes from Washington ! that it is not deemed advisable that there should be newspaper reports respecting | an early peace or long maintained con- Incl. Ana yet at almost the same time | this statement was made at Washington ! MT. Hoover, who is to direct the food | supplies and the distribution of them was quoted as having intimated his be- ! lief that the war may last five years l longer.
 THE LEADERS IN FINANCE 1 The men who are with great abilit, l (so great as to call forth from Lort l Cunliffe. governor of the Bank of Eng. land, very high praise), directing tn, financing of present-day conditions, ar,
 also carefully looking into the future All who have spoken in public, as fol
 instance Frank A. vanderlip, have no | thought 1t improper to warn the Amer ican people that the war may last a lons 1 time. It is in view of this continguency l that the men of finance are now lookins ahead so that the country may be ready 1 when the next call is made, if there Q, 1 one, for a large loan, and fully ant l speedily to subscribe to it. It is observed 1 that in financial circles there prevails view that a new loan will Je called fo. 1 sometime in the winter, or within tn,