The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-04-20
GARY PREVENTS
STEEL ADVANCE
Corporation Chief Says
Prices Must BE Kept
Down
STANDS BY OPEN SHOP
Labor Must BE Subject 10
Regulation as Any Other
Organization, lie Says

SEW YORK. hprl 70 Fuort o..
Gary. chairman of the United states
steel corporation. Informed tho
,kholdcrs at no annual meeting
Boz Iiobokcn today that tho corpora
tiou wa holding down the prices of
its products because OF ne hig1
.u.t ~ living
Referring TO Inquiries by stock
holder, ts to- why Boo view ot the
great demand the cost OF prudut.
Uun and prices received bv other
manufacturers. the prices Of tho cor.
porttlun's products had not hC"u
raised above those tscd bv agree
mcnt between the industrial hoard
and steel manufactures on MhroI
-. 1919. ho said IN part
1T seems 10 usc thu problem ~
high cost Of living is ~ conylncins
importance. when tho Increasing
tendency iH to insist upon paymout
of unreasonable sums for every com
modify and for every service go that
tho vicious whlrl of advancement
soems to be amending we thlnh
there is a moral obligation to use all
reasonable efforts to check this car
nival OF greed and imposition, oven
at some sacrifice.
The man with fiNed Income is
more and more disidNantagcd and -
helpless. lie cannot increase his In
come to meet the Increased cost or
living Therefore. 1t should be the
effort OF all TO establish and main
tain reasonable basis Of prices GER
tainly Ia prevent further Increases;
otherwise the government, from tho
standpoint Of projection of part OF
the public must Interfere"
The attitude of the corporation on
prices. Mr Gary said has had con-
siderable influence In preventing IN
crcascs In the general selling prices
Of steel although some manufac.
turcrs have made them. due, Hs they
claim. to increased cost OF manuiac'
turc.
Moreover. n In believed that In
view of all the conditions prevail
ing. the selling prices OF most uf the
diversified products Of the corpora
tion, for the present at least are
high enough, though u IN pertinent
to say that when the actual value OF
ness Of tho corporation are consid-
cred, the net return is at least mod
crate"
Mr. Gary said much thought had
been given TO the question OF snort
or hours for the corporations "m-
ployes. but that workmcn were moi,
satisfied with short days N larger
pay could be obtained by working
longer hours.
Reviewing last years steel
strike. Mr.. Gary announced that the
corporation would continue TO main-
tain the open shop.
I'VE stand" he said, "for the open
shop,
we do not combat labor unions
as such. We, OF course, acknowledge
the natural rights of labor to organ
izc; but we insist that "a labor organ
iaation should be subjected to gov
crnmental control and regulation
like other organizations. Discrimina-
iion by law In favor Of or against any
particular class is detrimental To the
general community"
Mr.. cary said that public ap.
proval Of the recent decision OF the
United States supreme court, rcrus-
ing to dissolve the steel corporation,
was practically universal
II had been the ambition of the
manager of the corporation, he con.
Guided, To prove that a corporation
may be possessed Of mind, heart aud
soul