The Barre daily times. (Barre, Vt.) 1897-1959, 1919-09-05
RESUMPTION
OF BUSINESS
With Germany and Austria
Advocated by Judge
I E. H. Gary
PEOPLE FAVOR
THE PEACE TREATY
1t Will Be Adopted, There
fore We Ought to Resume
Business at Once

ZION OF business relations Win Germany
and Austria was advocated yesterday by
Ebert II. Gary, chairman of the board
of directors of the United States Steel
corporation, in an address before the an
nual meeting of the American Bar asso-
citation. Mr.. Gary prefaced his speech
with declaration that the majority of
the people of America were in favor of
the peace treaty and the league of ma
tions and that he would assume that it
would be adopted without material
changes.
The re-establishment of trade between
the United States and the central pow
.ers was urged by the speaker on the
ground that we need German and Aus
trian goods and also that such purchases
would have decided influence in stabil-
szing international exchange.
From an economic standpoint" he
said, considering of paramount signi-
ficance the question of benefit to our.
StlNNns We puSiN " buSlHtSS ttid-
tons with Germany and Austria at
once"
As further means to restore the inter
national business situation, Mr.. Gary de-
clared that the United States should
finance other deserving countries less for
tunate, in rehabilitating their productive
capacity and resources" and that 1--WE
should purchase their products up to the,
limits of our requirements and ability"
He also suggested that the adoption of
the American dollar as a basis of stand
ard of currency and value was worthy
of universal consideration. Referring 10
the question of race discrimination, Mr..
Gary asserted that sit is possible that
IF comparisons as to intelligence and
general merit were to be made between
those who are permitted to fmmigrate to
the United States and those who are de-
MED that privilege the advantage would
be found in favor of the latter" He de-
cared that these questions were appro-
pirate for action by the league of ma
tions, which should pass upon them by
unanimous vote without unnecessary
delay" after the league is completed and
adopted.
American business men were warned
that they were facing the fiercest com
mercial struggle in the history Of the
world. Foreigners" he said, "are gaz-
ing upon this country as the most fer
tile field for adventure and exploitation
BY every known means of operation
Great Britain, France, Germany and
other lands will seek to coutrol or ex-
eel in the overseas trade. In
justice to ourselves we must be diligent
and aggressive. As of vital consequence
there should be the most consistent and
i7tense spirit of cooperation between
all our people, between labor and capt.
tai, employers and employees, between the
state and private interests"
As one essential of success in the COM
ing business struggle the speaker main
tanned that we must have "a merchant
marine equal in every particular to the
best, with all advantages and no disad-
vantages in comparison with others, un-
hampered by laws, rules or regulations
which might interfere with practical and
successful business operation.
Turning to the labor question, Mr..
Gary said that the antidote for bolshe-
|yism was plenty of work at reasonable
compensation. He maintained that EN-
tployers must not give employees good
ground for complaint but must furnish
them agreeable and healthful conditions
of work an opportunity to advance and
to invest their savings in the business
with which they are connected He pre-
dicted that bolshevism would never gain
foothold in this country
In respect to capital, Mr.. Gary declared
that whatever evils might exist on that
side of the question: government own
ership had been proved not to be the
remedy. Whatever is everybodys bust
ness" he said, 'is nobody's business" our
experience during the war, he continued,
showed that government ownership is
failure. Attempts to regulate capital by
such punitive measures as the Sherman
antitrust law were also condemned by
the speaker, who declared that such
methods involved in whole or part of
the destruction of the property or bust
ness attacked Admitting that capital,
when uncontrolled, sometimes took i'm
proper courses, Mr.. Gary offered solu-
tion of his own.
"Why not have the law framed and
administered" he suggested, $50 as to al
low the courts to cover the whole sub
ject by injunction, rather than by the
destruction of property or business? If
capital proceeds or threaten to pro-
coed improperly, it can be restrained
by injunction and the order enforced in
the regular way. A court of equity
should have, if necessary, enlarged pow.
ers of preventive remedy, unlimited by
statutory provisions If there is punish
ment to be inflicted it should be upon