Arizona republican., 1921-04-19
UNITED STATES. STEEL COMPANY bACK|NG CARY IN LABOR QUESTION
Stockholders Pledge Sup port to Gary In Any Flu ture Conflict With Union Steel Employees
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NEW YORK, April 1S-Stockhold- CTS of the United States Steel cor poration today unanimously pledged their support to Ebert H. Gary and his association fin the management Of the corporation in any future con- flicts with labor unions.
 We are prepared" said a resolu- ton adopted, ''to accept regardless of the sacrifices necessary, whatever losses may be sustained in maintain ing the right of each American citi- zen to enter into his individual con- tract. should such be his desire, with out hindrance from any other human being"
 While the labor question was dis cussed, no mention was made of the new campaign to unionize the steel industry set by organized labor forces to begin June 19.
 Officials and directors were praised in the resolution for having happily met with tact and discretion" the steel strike of 1919.
 We believe that in refusing to ac- cept the terms dictated by on-em- ployes," it said. the officials and di- rectors have performed a service of inestimable value not alone to the shareholders of the company, nor alone to the general citizenship of the United States. but to every inhabi- tant of the civilized globe, thus de- tending the widest individual liberty and maintaining that right and jus tice are not the property of any priv ileged class but the common heritage of all.
 We have no quarrel with union labor properly functioning in accord ence with the principles of justice, liberty and law. We believe it is not within the province of any men, how ever. to forbid and interfere with the right and desire of the company s employees to labor and that such in- terference which denies their right to labor denies their freedom. imposes a condition of servitude and is. in eff feet the embodiment of the right to enslave.s
 Mir. Gary's address in which he urged publicity, regulation and req eonable control of business through government agencies as a possible -solution of. or antidote to the labor union problems" waS~applauded.
 Wage reductions have not been considered up to the present, MT. Gary said, adding that he thought when the high cost of living has been materially reduced. it will only be a question of time when there will be some readjustment of wages?
  port of the Inter church world move nent on the steel strike of 1919, Mir. Gary said.
 T have my own notions regarding the men that got up that report. don't care to talk about it. l think it better not to-"
 He declined to predict future busi- ness conditions but asserted 'if any other country can survive, the United States can prosper"
 T don't care to give you any ad- vice in regard to your securities" he added. but I am going to keep mine al least for the present.
 A proposal that the surplus Of ths corporation be limited to 523,000,0 ,00' now on hand, because this accumu' lation invited monopolistic attack: and confiscatory taxation" was de feated-
 I've want to keep the corporation fin a position," he said, where n' harm can come to it no matter wha happens This is a bad time to re duce our surplus"
 He said that the corporation coul' not sell it's $110,000,000 worth of gov ernment securities now without sui fering a loss and urged that they b held until we get as puch as the cost us. or possible a little more.