The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-11-13
B. h. GARY PREDICTS
ERA OF PROSPERITY
Steel Corporation Head OPP
timistic, Though He COun-
sells Conservation.
BIG PROBLEMS TO SOLVE
Wisdom and Patience Must Be
Factor in Worlds Economic
Readjustment.

Ebert II. Gary. chairman OF the
United States Steel Corporation, In re-
plyng yesterday to an inquiry for his
views on postwar conditions deos~red
that the country must exercise
prudence, elaboration and courage, al
though there are reasons to believe the
volume OF business to be offered during
the next few years will be large.
Judge Gary says the Government will
continue to be a large purchaser at
reasonable prices for the completion of
projects under way and that considera-
ton Is already being given by the
authorities at Washington to methods
for assisting in the readjustment of bust
mass without serious disturbance.
While Judge Gary believes the wars
4 cost in men and dollars will bring re-
actions and readjustments with possible
economic Generalization and depression
he says a careful survey of the situa-
ton finds that there are many reasons
for believing prosperity in this country
should continue.
Expectation Of this prosperity IL based
on the belief that large Accommodations of
orders in lines of trade with which the
Government has not been specially in
tsrested will be placed soon. Non-pro-
dpcing countries that could not have
their necessities supplied because Of war
requirements are also expected to ap-
pear as buyers. Extensions and new
construction which could not be under
-. ~ it,
BE- obtained are also expected to add to
he business that will be done i'm
medlately after. the wars close.
Judge Gary continuing said:
1.-THE final and controlling reason for
success IS found In the fact that during
the last months OF the conflict there has
been a unity OF purpose. a coordination
and Concentration of action and a spirit
OF cooperation between nations, armies
and individuals. In the United states
At least we have learned by experience
how much can be accomplished when the
masses OF the people are working In
harmony with each other and with those
IN control Movement affairs to Sc
cure well defined and much desired
result
Large Problems Ahead.
we are now confronted with In
Vulnerable problems OF magnitude.
Around the peace table there will he
presented questions OF difficulty involv-
Ing the social and economic life of the
people OF all countries. II will require
the best talent and wisdom. patience and
poise to secure for the respective coun-
tries all that they are justly entitled to
In privilege, position and protection.
Human nature VIII assert itself I'M
reasonable and selfish demands will be
made and insisted upon. Undue advan-
tsges will be sought.
ITO be valuable and durable a basis
Of settlement covering all substantial
and honest differences which existed
when the war commenced or have arisen
since must be settled In accordance with
the principles OF exact justice. Equal
protection and opportunity for all must
DO established Above everything else
there will be created league OF nations
which. in its result. will prevent future
prolonged wars.
"of high Importance are the economic
questions which must be faced In the
near future. They underlie the procur-
Ing OF food, clothing and shelter. After.
but not before. the people throughout the
world receive these they are willing
10 consider other matters. These sub
jects will puzzle the best and most ex-
perienced minds.
1T is probable that after the decIa-
ration Of peace when II becomes EVIL
dent that purchases or deliveries for
military purposes are reduced In vol
ume there will be more or less inter-
rupdon in the conduct of general busl-
ness. Therefore 1t is imperative that
we exercise prudence. elaboration and
courage. Much depends upon the atti-
Jude and the speech OF men. It is easy
10 prec!pitate feeling of demoraliza-
ton and no moro difficult to develop a
sentiment OF confidence and serenity.
There will be a normal and certain
volume Of business. This would not be
increased by unreasonable or unfair
means There will remain the usual rev.
ehuss, methods and opportunities for
securing and transacting business with
OLD customers and acquaintance. Any
spamodic effort to divert or interfere
with the natural progress or to secure
more than a proper share win. as a
Total net result, impede rather than ac-
oeierate prosperity. We must all trim
our sails In accordance with the drift
anu amount of business. II all business
men recognize conditions and conduct
helr ciheret lines so as TO adjust the
questions of supply and demand on a
legitimate basis all will be benefited and
may look forward with confidence.
Reasons for Prosperity.
Upon a careful survey OF the situa-
uon It will be found there are many
reasons for believing prosperity in this
country should be continued
The United States Is the richest OF
al countries. II possesses one-third or
more OF the total wealth OF the world
has become the leader OF finance, and
N tnis respect may, properly exercise a
commanding influence. It's natural re-
sources are immense and are susceptible
" increasing development. If industry
protected and fostered in accordance
win Its merit the war burdens surely,
S@n though gradually. will be lifted.
We shall be creditor nation with a
nrse Interest income. more virile. more
progressive. more successful, wiser and
0eter than ever before.
And Judging the future by the ex-
Perience OF the last few years. there will
70 disposition on the part of those in
sutnority to assist rather than to attack
BUSINESS effort There will be study,
,enection, friendly concern shown In re-
.auon to the needs and requests Of en-
erprise and investment Legislat ton
sha administration will be founded on
eScertained conditions da6ota,,ctna 80