The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1921-06-13
CAPITAL VITAL,
GARY EXPLAINS
Tells Syracuse Students
Anarchy Is Only Al
tentative to 1t
CHANCE FOR BOTH
LABOR AND CAPITAL
They Should Recognize Their Interde-
peRdence-AccumuIate Capital Nee
eSsary to Provide for Development of
COuntry's Natural Resources.

peRdenc Capital Nee
essary to Provide for Development oil
COuntry's Natural Resources.
SYRACUSE, \. Y, June BE. II.
Gary. chairman Of the board of directors
of the United States Steel corporation,
told Syracuse University students in a
commencement address today that CAPT
tai is necessary to the progress and pros
perity of every country and any people.
The only alternative to it. he declared,
was the anarchy or Sovietism now gnaw-
ing at the vitaIs of Russia. This Russian
system he described as a poison in the
natural system of national and individual
life which would eventuate in destruction.
If the people of America would study
the facts about this vital question, he
said there would be no epidemic of So
vietism here Capital and the rights of
all people would be conserved. In this
country the door of opportunity is open
to both capital and labor and neither, he
said. should be permitted to abuse 1T.
He expressed the opinion that there
might be no objection to 4 fair and rea-
sonable law subjecting organized capital,
exceeding certain amounts, to govern
mental, inquiry and restriction in its
uses provided organized labor should
also be subjected to the same statute.
Great Opportunity in L. 5.
Mr. Gary began by pointing out that
the people of the United States have the
greatest opportunity for success III ever
department of worthy endeayOr. The eX-
preston that 1.-THE world owes each lndl-
yidual a living" was too frequently used
and it was foolish to endeavOr to support
hot lai nv off no
principle that all men are created free and
equal. This meant. he said, no more and
no less than the right Of equal protection
and opportunity.
Speaking of the relations of capital and
labor Mr.. Gary said that these two in
tcreStS recognize their interdependencc,
but that outsiders often seek to antag0nizei
them. lie declared. however. that the
majority of employers or managers of
business are more SolicitOuS for the wei
fare of the workmen and do more to pro
mote their comfort and happiness than
outsiders ever have done or were disposed /
to do. Labor was never in the world !
history more highly respected nor treated !
as literally as today. he declared. 1t had
been demonstrated to be profitable to the
employer to treat the wOrkmen fairly and |
this would insure the latter full justice.
Laying stress on the necessity of CAPT |
tai he said 8 Money is essential to pro
vide facilities for preparing one to ac-
complish the best results in any profess
sion or calling. The material progress |
and prosperity of any and every country !
are to an enormous extent. the result of |
large capital. Without these the inhabi- !
tants would be neither happy nor COM |
Portable.
Accumulated capital provides the IA
cilities for development. improvement, ex-l
tension and application of natural re-
sources This could not be done by small !
contributions of money In times of !
war, Mr.. Gary declared, it would have
been impossible to have fully supplied
the needs of the country without recourse
to contributions by large capital.
Capital Is Essential.
Except for the accumulated capital in
vested in business enterprises and the
working capital to maintain and extend
them" Mr.. Gary continued, millions of
men and women who work for wages or
salaries would be without a chance to
earn a decent living. To the extent a ma
ton is without capital in a correspond
ing degree are its industries in a state of
decay and its people impoverished and
Respondent.
In short. for a desirable and proper
degree of comfort, cOntentment. happi-
ness, advancement in any direction, pro-
lection against disease and destruction,
every inhabitant of every land is depend
ent upon individually accumulated CAPT
tai.
The only alternative which has been
suggested is that the government shall |
forCibly take possession and control of |
all capital and distribute the income de |
rived from it amongst the people per cap |
tia. This would inject into the natural