The Bridgeport times and evening farmer., 1921-11-18
JUDGE GARY
 URGES TREATY
 TO END WARS

New York, Nov. 1s-Negotiatfon of a treaty to prevent future wars in conjunction with an agreement to limit navies was urged today by El- bert H. Gary, chairman of the Board of United States Steel Corporation, in an address before the American Iron and Steel Institute, of which he is president
 He belittled the suggestion that armament limitation would reduce them anufacture of steel. saying the thought was unworthy of even pass ing notice. Business was improving, he said, but there must be furthmer adjustments.
 With an agreement for the lim1ta- ton of capital ships. he said, it would not seem to be practical to stop with less than a final treaty which will prevent furture wars. In addition to what is contemplated by the Limitations of armament. there should, with other things, be an un- differences arose. no resotr to mili- tary force should be permitted until after there has ben a conference and full discussion by all nations now par ticipating in the deliberations at Washington.
 President Harding and the four selected, able and experienced repre- sntatives of this country will nerget-
 
 agreement. They realize their con- st1tuents are internationally and fer Vently supporting them in their cam paign for peace and limitation ot armament and all this is true of each of the other nations"
 He asserted that the international arrangement to be concluded must cover every kind of armament here- tofore Or hereafter discovered.
 Failure of the conference, he said, was unthinkable. An aderse outcome would bel ntolerable and those re- sponsible for it would be repudiated and everlasting1y condemned
 He briefly dismissed the suggestion that less steel would be manufactur- ed as a result of armament limitation
 Tn the first place." he said, "the amount of decreases, if any, which ie doubtful, would be small, and even though they might be large no sane and right spirited persons would con stder pecunfary interest as of any importance when discussing national or international welfare.f
 MT. Gary said it seemed to be gen. erally conceded that business condi- tions 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 country's bus- mess outlook, he declared:
 Even though we have now pass- ed the most critical period in our recovery, I still think we would not be warranted in concluding we have arrived at the point where we can with certainty predict the exact time when there will be a return to a nor nal financial, commercial and indus trial basis. for the worlds economic structure has been terribly shaken by adverse winds during the last few years. There must be further adjust. ments.
 '"The delay in complete restoration of a sound and satisfactory economic development and activity in this coun- try is largely due to high costs-high costs of living, high costs of produc- ton and transportation and high costs of owning an learning money or its equivalent