New-York tribune., 1919-01-27
Gary Asserts
] Ob roI,Ier21
Is Not Serious
Steel Chairman Says Busi-
mess Will Boom Itself il
Pessimists Keep Silence

Building of roadways in the South,
reconstruction of railroads throughout
the country and all other public i'm
provements contemplated by the gov
ernment should be begun at once, in
the opinion Of Judge Ebert II. Gary,
chairman Of the board of directors of
the United States Steel Corporation.
Judge Cary in an interview in
The Tribune yesterday, deprecated any
suggestion that the country is facing
serious unemployment problem. Or
the other hand. the country is on such
a prosperous basis that it does not
need any "booming," he said.
"Why should there be any talk about
unemployment? said Judge Gary.
"The country never was more in need
Of its workers than it is now, and it
viii use all the workers 1t can get. I
don't think there is going to be any
permanent or menacing unemployment
problem.
"Our country never has been so pros
porous as it is now. We have resources
Of fifteen billions of dollars annually
coming out Of the ground more than
VIC ever had before; we have more than
sixteen billions of cash in cur banks;
we are a creditor nation 20 the extent
Of fifteen billions or more, and our
Per capita wealth has jumped up to
$50, as compared to $35 before the war
We are in an era of prosperity hitherto
undreamed OF
"What we need is simply to get to
work and not talk about unemployment.
Psychology has a good deal to do with
it. Pessmistic talk will do more to
bring about unemployment than it will
do to prevent it.
"But there isn't going to be any.
Oar men who have been fighting abroad
VIII be taken back into Industry Just
about az fast az they return. OF
course, there may be a little talk here
and there about a few not being able
TO find employment, but this will not
be serious"
DO Not Need Any Booming
"Do you think the business men Of
the country should begin doing business
on large scale, so as to tide over any
period of depression, as suggested by
Secretary of Labor Wilson," Judge
Gary WAS asked
"We don't need any booming" he re-
piled. Business will take care Of itself
-
ing up time. 1t is not necessary for
industry to do more than the demand
requires Business is going to boom
itself without any help from anybody.
There is no doubt about that
II do believe that all the public in.-
provemcnts that have to be done should
be done now. Men should be at work
all this winter on the roads that arc
to be built in the Southern states. The
government should begin the great re-
construction work necessary on the
railroads Of the country, and wherever
there is public work to be done it should
be done without delay
"As for the steel Industry, we are
not thinking Of any depression. We
had great many men in the war, and
we are taking them back as fast az they
return"
Judge Gary's attention was called to
report that Theodore p. Shonts, in
order TO reduce the number of uncm-
ployed in New York, had agreed to en-
ploy 1000 men IN cleaning up and
painting the subway and elevated sta
tions.
"1hat is the sort Of thing to do" said
Judge Gary. "If everybody did what
is to be done there wouldn't be enough
men to do the work
Plan House-to- House Canvass
officials Of the American Soldiers
and Sailors Protective Association,
ll40 broadway, announced yester-
day they Will begin a housc-to house
canvass Of business concerns to find
jobs for some Of the 10000 unemployed
soldiers in the city
Lieutenant Lester d. Maync, director
Of the association. said that the mum
bor Of unemployed is being increased
at the rate OF 10000 q week
"We have found no solution for the
difficulty resulting from the desire Of
soldiers to remain in New York on their
arrival from Europe" he said ave
nave to ge, Jobs for them. Our officers
VII personally visit small business CON
Germs and ask thom cach to give work
to at least one goldicr."
The association is sending oat cir
cUlor lcttcrs. which read:
ave propose to band together with
the bond Of comrndcship, self help and
Continued on zuge sir