Evening star., 1921-05-27
DISHONESTY HELD
BUSINESS CHECK
Gary Would Not Oppose Fed.
eral Control to Protect
Public.
By the Associated Press.

NEW YORK. May 27.-Full return
to satisfactory business conditions
VIII be slow until the minority of
business men and workmen who have
ignored the principles Of common
honesty are aroused to the necessity
OF sound and decent standards OF
conduct. according to Ebert H. Gary.
chairman Of the United States Steel
Corporation.
Speaking today before the Amer
lean Iron and Steel Institute. Mr..
Gary. who is president of the insti-
tute. said the American people are
not buying enough to supply them
selves ful'y with the ordinary COM
forts OF life. although they have the
disposition and tine means to do SO.
This ne explained. was due to the
opinion OF the purchasing public that
there has not been complete and
proper readjustment of prices
Sees New Business.
There is an abundance of new
business. he said. with both ability
and inclination to place it. waiting
Tor further adjustments. which will
put costs of living. selling prices,
wage rates and other general incomes
on relative parity
a
position will bring satisfactory con
ditions in due time"
Retail prices for many commodities
are much too high. declared Mr.. Gary
adding that without Justification
workmens wages have been ad-
vaneed through reclassifieation SO as
to designate them as skilled men.
Il think" he continued. that there
have been and still are, charged ant
collected for certain commodities un.
reasonable and unfair, IL not extor.
ttonaie, prices. They apply to par
, ticu!ar lines and persons.
The. public -is aware of the facts
Different products have been pur.
chased from the farmer manufac
turer or Others at low costs and ther
passed on in one way or another anl
finally sold to the consumer at out.
rageous prices.
Minority Affects the Whole.
q The vast majority of business mer
and Workmen are sincere and fair
but there. is and perhaps always will
! be minority that ignore the prin.
ciples of common honesty. Tney arr
sufficient in number TO seriously az.
/; feet the whole situation"
He urged that the observance and
enforcement of law be insisted upon
throughout the world rs a necessity
TO the improvement of the general
situation.
''If laws shall be enforced and peace
maintained" added Mr.. Gary. 1.-The
other questions relating to economic
progress and achievement will he solved
II it should be deemed necessary
and wise to have governmental super
vision over organized industry, in or
der TO protect the public interest
personally would not object. provided
the laws and rules shall apply alike
to organized capital and organized
labor
The speaker asserted that one Of
the most hopeful signs of the times
was the apparent disposition of the
present administration at Washing
ton to aid rather than obStruct the
natural and legitimate program of
business.
Schwab Urges Economy.
Economy is the keynote of quick
recovery Of business. said Charles NJ
the Bethlehem Steel Company.
There must be economy in labor
and above all else. in transportation
costs. Mr.. Schwab declared.
I'VE are going to be forced to
economic so as to put our business
steel business in other countriec." he
explained.
depressing belief that the money
shortage and business depression
would end and that there would be
a return to normally, Mr.. Schwab' con-
tinueG:
This is a time for encouragement.
2 time to be hopeful a time to be
optimistic. and We will all come out
All right. | have never lost faith
in the future OF the industry or the
future of America
Railway Problem Discussed.
The views of MIR. Schwab were in
dorsed by James J. Campbell, presi-
dent of the Youngstown Sheet Tube
Company, who said railroads should
have the power to control and class:-
fly their labor.
THE farmers of the country" he
said. must receive more or purchase
less. Under present transportation
costs they realize very little on their
produce.
I'VE are not getting anywhere. The
Slight reduction. in railroad labor
costs is not enough. l hope, how
ever, that the building trades unions
will see the light soon and railroad
labor will come to their senses and
bring down prices"
Mr.. Gary replied that it was hardly
fair to expect labor to work for less
uay when commodities still were
maintained at a high price level.
Whether or not the railroads are
receiving too much under the present
rate" he added. depends upon wheth-
er they are managing their business
as well as they should and whether
they are receiving too. large q net
proflt. In order to justify a decrease
in rates there must be decrease in
the things that the railroads have to
buy" ...