Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-11-19
GARY URGES WORLD PACT
TO PREVENT ALL WARS
Belittle Suggestion Armament
Reduction Will Reduce
Steel Manufacture.
EARNESTLY rAvons PEACE
iend OF biggest American business.
Declares All should Welcome Trade
deduction We're Tint Essential to
triumph ar Good VIII ON Earth,
LEy AssocinteI Press.l

LILY Associated Press.l
NEW YORK. Nov. lS-Ncgotiation
oil It treaty which would prevent fu-
'ui" wars VAS urged In conjunction
WIN an agreement To limit navies.
~! f.lhert ~. Gary, chairman Of the
board OF the United States Steel Cor
poraton. in an address today before
III" American iron and Steel Institute.
81 which he is president. lie also be-
httled the suggestion that armament
limitation would reduce the manurac-
ture OF steel. saying the thought was
unworthy of oven a passing notice
business was Improving. he said. but
there must hc further adjustments.
with an agreement FOR the limita-
ton of capital ships" he said. at
would not seem practical to stop with
less than "a final treaty which Will
prevent future wars In addition TO
what is contemplated In the limita-
ton OF armament, there should. with
other things. be an understanding
that. If amy international differences
arise. no resort 10 military force
should lie permitted until after there
has been conference and fun dis
cussion by all nations now particle
rains in the deliberations at Wash
ngton.
work Earnestly for Pence.
president Harding and the four
selected. able and experienced repre-
scntatives OF this country. will cner-
Gcticaliy and Professionally strive for an
agreement. They realize their con-
stitucnts are unconditionaliy and fer
vcntly supporting them in their cam
paiGn for peace ana limitation of
armament. and ali this is true OF each
Of the other nations"
He asserted that tho international
q ~ ~ IN he
cover every kind OF armament here
toforc or hereafter discovered
The benefits which would be de
rived by reason of all the nations liv-
ing under peaceful conditions. as
compared with military conflicts, are
beyond calculation" he said Err
means for the firm establishment and
maintenance OF peace can IL found
and generally asscntcd Ia. /, viii
mark an epoch o. the Grcatcst husi-
ness prosperity, as we'll as the largest
measure OF happiness that the world
has ever witnessed We should he
thankful that this conference has
been called"
Failure In InthfnknbIc.
Failure of the conference he said,
was unthlnkablc. An adverse out
como would be intolerable and those
responsible for II would be repudiated
and cverlastingly condemned.
mo claim for personal or individ
ual advantage not based on the prin-
cipics OF right and justice. In the
opinion OF the majority, would be en-
tcrtaiucd." ne added
He briefly dismissed tho suggestion
thai less steel would be nianufac.
tured as "a result OF armament limi-
tation.
I'm the first place. he said. the
actual amount az decreases. IL any
which IL doubtful. would he small
and even though they might he large
NO sane and right-spiritcd person
would consider pccuniary interest as
Of any Importance when discussing
national or international welfare.
husincss StcudIiy Improving.
Mr.. Gary said II seemed to be gen
orally conceded that business condi-
tons throughout the country for the
last six months had been steadily, II
slowly. growing better. The volume
OF business in the steel industry had
more than doubled In the last ninety
days. he said. though profits had
been little or nothing, due to high
costs and low prices. OF the coun-
try's business outlook. lie said:
! Even though We have now passed
the most critical period in our recov-
cry. | still think we would not he
warranted in concluding we have ar
rived ut the point where we can with
certainty predict the exact time when
there VIII bc Il return To Il normal
financial. commercial and industrial
basis. for the worlds economic struc-
iurc has been terribly shaken by adj
verse winds during the last few years
There must be further adjustments.
The delay In complete restoration
OF 4 sound and satisfactory economic
development and activity In this
country is largely due 10 high costs
high costs of living. high costs Of
production and transportation and
high costs OF owning and earning
money or it's equivalent.
Albert II. Gary, chairman OF the
board of the United States Steel Cor
poration. and president Of the insti-
tutc. hailed Marshal Foch as the de-
livcrcr of mankind.
God grant that the conference a,
Washington Will finally bring abou,
conditions which will establish and
maintain continuously and perma
ncntiy peace between all nations" MIR
Gary said. and that the guest OF
honor here this evening may have
tho pleasure OF exercising strong
in ilucncc III this direction"