The Birmingham age-herald., 1920-06-09
Daily Wall Street Gossip
BY HOLLAND.

New York. June s.-(Special)-Even before Judge E. H. Gary delivered the formal address recently at the annual tute, sometimes spoken of as the best of all of his addresses, communica- tions began to come to him and his near friends from all parts of the country in which it was said that if the writers could have their way, Judge Gary would be our next President. Of course these communications were accepted as no more than sincere com pliments, because almost all of them came from persons who were seek ing no favors from him, and none of them from politicians. Nevertheless, the at titude Judge Gary has taken towards industrial development and the true relations between capital and labor has impressed a great many persons with theidea that our next President should be a man who possesses the qualifi- cations which distinguish Judge Gary.
 His friends say that he is of course pleased with the compliment, yet some- what amused by it, but there are sev eral reasons why he vould not be seri- ouslJ considered as l presidential can. dfdate. First of all the temper of the people is such that no conspicuous leader of great industry would be deemed available for the presidency. Second. the time has not yet come unless there be a cAange this year, when man of very great wealth can De nominated for the presidency. Only one rich man has ever been chosen for that office, and he was Washing ton. who was land rich and that was all. Almost all the other presidents depended upon their yearly earnings for their support, or else like Martin Van Buren, had accumulated a moder- ate principal which yielded an income no more than sufficient for unosten- tatious support. In the next place. Judge Gary is beyond the presidential age. He must be not far from the scriptural limit of 70 years, although in mental vigor-physical strength and capacity for prolonged and in- tensely concentrated industry-he is capable of matching in these respects any man who is not older than 5V years.
 THE GARY ADDRESS
 Judge Gary's address to the members of the Iron and Steel Institute, of which stenographi. report has just been published, contains suggestions and sets forth facts which illustrate the present day tendency of the Amer ican voters, which is in favor of the choice of a President Nwho possesses business qualifications of high or der. Very likely none has been mem toned in connection with the nomina- tlons to be made this month who is without these qualifications. But we hear so often that the next adminis- tration must be business administra- tion that some of the facts set forth by Judge Gary explain why that opinion is so widely held.
 In the first place, there are the al- most boundless resources of the Unit ed States and our territorial posses sions. An estimate has recently been made which figures in terms of dol lars the value of those resources. It is placed as high as $500, 900, 900, 900. With resources which Judge Gary shows covered almost all forms of modern industrial lire, there needs to be no more than wise mobilization of them and expedient cooperation in order that the United States will match and overmatch that which Great Britain is. aiming again to secure, but a prosperity which will be without any precedence
 For instance, Judge Gary calls att tention to the fact that the United States possesses only 6 per cent of the worlds land, and yet our produo- tion is on a collossal scale. It would not be possible if we did not possess the resources to which he made rer- erence.
 The best authorities are of the opin-