Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-03-07

and confident attitude on the part of
American business men. He said that
the spirit of cooperation must be
applied wherever possible"
League of Nations Certain.
He added that league of nations
was bound to be agreed upon soon be-
cause Sentiment in its favor is we'll
nigh universal among civilized people
of all countries"
1T is my opinion" said Mr.. Gary,
"and | believe the opinion of most of
the large number of men who are as
sembled here today, that since the
armistice was signed the iron and steel
trade, generally speaking, has been
better than il was represented to be
in some of the publications.: that it
has been better than we feared it
would be: that all things considered
we have no reason to complain; and
that the number of unen ployed has
been much less than one would sup
pose from some OF the statements
which have been freely circulated.
I'VE know that as matter of fact,
account of the ordinary turnover in
labor, and other reasons which result
in idleness, temporary or otherwise,
there are always large numbers of I'M
employed. and therefore it frequently
happens that when people are eX-
pecting, in consequence of unusual
conditions, an increase in unemploy-
ment. eXaggerations are made.
Confidence Necessary
Personally l have believed if bust
ness men and others who are inter-
ested in business conditions and re-
suits would retain their composure
and courage we would gradually re-
turn to a condition normal and salts
factory. However the secretary of
commerce, a very wise and thoughtful
man, believed, from his information
and advice, that it was desirable to
anticipate possible furture adverse
conditions, and therefore took the ac-
ton mentioned, and, of course, this
having been published, the natural re-
suit has been or will be to temporar-
lily affect business progress until there
can be a successful cooperative move
ment which is calculated to inspire
confidence and activity.
THE steel industry is still more or
less the barometer of trade. 1t in
wolves large production, large amounts
of working capital. large numbers of
employees and has a decided influence
upon the commercial and financial
interests of the country. We occupy
positions of great responsibility. What
we do at this meeting may have an
important bearing upon the whole
business situation We must not. we
will not Intentionally make a mis-
take, During the war we have been
called upon to do great things, and
we have chcerfully and faithfully re-
.l.ll L.. 1.
we have in the main been treated
fairly. We have served the govern
ment to the best of our ability, and
governmental representatives have, in
positive language, commended our
efforts.
Again Called Upon by q. s.
Now, we are called upon again by
a government official to cooperate
with the government in the endeavor
to stabilize business conditions, to
protect so far as practicable and rea-
sonable, capital and labor. for they
must always go hand in hand if sue
cess for either is achieved, and to
bring about results which no reason
able man will deny are desirable. The
methods were not suggested by us.
They originated with a disinterested
high minded and capable public Of
fetal whose obligation and whose
desire are to best serve his country
We must on this occasion rise to a
high plane of unselfish observation
and there determine our course.
There is ahead of us large business
prosperity We may hasten or retard
its progress, depending upon our at
titude. II we avail ourselves of the
opportunities offered we will succeed
ttGt no fai, Jnl
We must apply the spirit
of cooperation whenever practicable.
We must have faith in ourselves, in
each other and IN our country.
Endorses League of Nations.
Peace has not yet been established
throughout the world and this fact
more or less adversely affects indus
try. Still we have reason to expect
an early settlement of most, if not all,
of the important differences between
nations. A league of nations will
soon be agreed upon, for the senti-
ment in its favor is we'll nigh univer-
sal among the civilized peoples of all
countries.
THE criticisms which are found in
the speeches recently made in the
of the United States, with
possibly slight exceptions, were not
intended to be understood as oppos-
ing practicable and workable agree
ment between leading countries which
will result in preventing future pro-
Ionged international conflicts. The
objections made relate to some of the
and terms contained in the
covenant, or constitution, which has
been reported for. consideration by
he general council and in most cases, |
TO proposed forms of procedure.
Surely the great men who partici-
pated in the peace council will find
1 basis and method for carrying into
effect what they, and the hundred |
million whom they represent, most
desire.
And then, after peace is declared |
and made secure and with a cordial |
and reasonable cooperation between
he government and business interests |
we should realize the greatest pros
)erity in our existence"