Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-03-07
JUDGE GARY MAKES
PROPHECY OF BIG
BUSINESS ACTIVITY
Calls for Resolute and Con-
fident Attitude on Part
of Americans.
COOPERATION NECESSARY
TO OBTAIN PROSPERITY
Holds Secretary Redheld at
Fault for Much of Uncer-
tain Feeling.
SAYS LEAGUE is FAVORED
Declares Delegates at Peace Confer.
cncc Will Find Method for
Substantial Peuce.
rs LEAGUE is FAVORED
Declares Delegates at Peace Confer.
cncc Will Find Method for
Substantial Peuce.
lRy As-oaa,ed press.l


seeking to stabilize the steel industry
ir anticipation OF possible future ad-
h verse conditions was characterized az
/ tending to affect business progress"
oy Ebert II. Gary. chairman OF the
United States Steel Corporation. In an
address here today before members OF
the American Iron and Steel Institute
The manufacturers. however. accepted
the aecsetG-y'a invitation 10 cooperate
with mis- department.
Gary said business in the steel trade
was much better than II had been rep
resented TO DC and he had believed IL
would return 10 normal conditions III
business men and others retain their
q SoMposurc and courage"
hcld's plan would naturally result ne
said. In affecting progress until there
cnlatcd to inspire confidence and ac-
tivity."
Gary however prophesied large
business prosperity appeared" and dc:
4 clared for q reeolute. tair-minded and
confident attitude on the part OF Ameri-
can business men. lie said the spiri,
wherever possible.
He added league of nations was
sentiment in it's favor is well-nigh
universal among civilized people Of al!
STEEL MUCH BETTER
THAN REPRESENTED
1T Ia my opinion" said Mr. Gary
and believe the opinion of most Of
tho large number OF men who are as
] armistice was signed the iron and stee!
trade. generally speaking. has been
some or tho publications; that it has
been better than we feared IT would
be: that all things considcrcd. we have
no reason TO complain and the num-
Sbcr OF unemployed has been much less
than one would suppose from some OF
The statements which have been freely
We know. as a matter OF fact on
account OF the ordinary turnover In
labor and other reasons which result in
idleness. temporary or otherwise. there
are always large numbers OF unem-
p!oyed. and. therefore. It frequently
consequence Of unusual conditions. an
increase in Unemployment. exaGgera-
tons nre made.
ASKS BUSINESS MEN
RETAIN THEIR Co3fPOSCRE
PERSONALLY. have believed IL busi-
ness men and others who are interest
cd in business conditions and results
would retain their composure and
eratcly. return 10 a condition normal
and satisfactory However. the Secrc-
tary OF Commerce. a very wise and
thou ghtful man. believed. from his In
formation and advice. that it was de-
sirable to anticipate possible future
adverse conditions. and. therefore. took
4 e,
this having been Published, the nat
ural result has been. or will be. to
temporarily affect business progress
operative movement which is calcu-
lated 20 inspire circulation and ac-
tivity-
The steel industry is still more or
tess the barometer of trade. 1t in
wolves large production. large amounts
OF working capital, large numbers of
EMPLOYEES. and has decided inhu-
| he rial
cisl interest OF the country. We oc-
cupy positions Of great responsibility.
HAVE SERVED Federal
GOVERNMENT FAITHFULLY
What we do at this meeting may
whole. business situation. We must
not. we. will not. Intentionally make
mistake. During the war VIC, have
and we have cheerfully and faithfully
91responded. I think We are bound TO
say we havo in the main been treated
| fairly. VIC have served the govern
ment to the best OF our ability and
governmental representatives have, in
! positive language, commended our cf-
forts
Now we arc called upon again by
ia government official to cooperate with
the government in the endcavor to
BItcct, SO far as practicable and reason
liable. capital and labor. for they must
|ieither is achieved. and to bring about
|'iresults which no reasonable man will
|I,deny are desirable. The methods were
kirot suggested by US. They originated
,GapabIe public official, whose obligation
yand whose desire are to best serve his
|I country. We must on this occasion
|ilrise to high pl ane of unselfiSh OBJ
IN observation and there determine our
dtLARGE PROSPERITY IS
IN IN SIGHT. SAYS MAGNATE
~ "Thcre is ahead of US large business
3NroSperity. We nay hasten or retard
la g progress. depending upon our atti-
ude. If we avail ourselves of the op-
| must be resolute, fairminded and con-
1Ihdent. We must apply the spirit of
Incorporation whenever practicable. We
Nlmust have faith in ourselves, in each
NJ other and in our country.
M "Peace has not yet been established
IIthroughout the world. and this fact
4inore or less adversely affects industry.
Still, we have reason to expect an carly
III important differences between nations.
NJ A league of nations will soon be agreed
upon. for The sentiment in it's. favor is
Htwell-nigh universal among the civil
il lied peoples OF all countries.
sPEAKERs DESIRED LEAGUE
THAT IS PRACTICABLE
.'The criticisms which are found In
fithe speeches recently made In tho Con-
vlgYess OF tho United States, with pos
slbly slight exceptions. were not in
1 llpracticable and workable agreement
II between countries which would re-
EIsult tnsprevontinE future prolonged In
kIternational conflicts, The objections
J. and and terms Contained. III the eoSenant
IN Continued on Second pageI