New-York tribune., 1921-11-19

the United States. and Mayor John r.
Hylan.
AT the meeting OF the institute dur
ing the day Mr.. Gary said:
An epoch of the greatest business
prosperity, as we'll as the largest meas
Witnessed, lies ahead of the nations of
the world If means for the firm estab-
iishment and maintenance of peace can
be found"
In referring to the conference Of
the powers now going on at Washing
ton the speaker said suggestions bv
some that there will be less steel manu-
factured as a result of the armament.
limitation proposed by Secretary of
states Hughes were unworthy of even
passing notice. The volume of the re-
duced business. If any, would be small.
lie added that even though the de-
creases be large "no sane and right
spirited person would consider pecu-
mary interest as of any Importance
when, discussing national or interna
tlonal welfare" "Besides," continued
Judge Gary, "the benefits which would
be derived by reason of all the nations
living under peaceful conditions as
compared with military conflicts are
beyond calculation"
Went Further Than Hughes
The head of the United States Steel
Corporation went even further than the
Hughes recommendations by declaring
that the Washington conference should
not stop for the limitation Of capital
ships, but should go further and draw
up final treaty which will prevent
| future wars.
In addition TO what is contemplated d
by the limitation of armament" he ex-
planned, there should, with other
things, be an understanding that if
any international differences arise no
resort to military force shall be per-
mltted until after there has been a
conference and full discussions by all
the nations now participating in the
deliberations at Washington
Touching business conditions in this
country, Judge Gary said the volume
OF steel business in the last ninety
! days had more than doubled. although
profits had been negligible owing TO
high costs and low prices. While con-
vinced the country has passed the
crisis, he said we had not vet arriyed d
at period where we could predict with
certainty the exact time of return to
normal financial commercial and indus
trial conditions. There must he still
some important adjustments. the
speaker declared
Scoring the so-called middlemen
as blameworthy for large part Of the
continued high living cost, Judge Gary
Charged that many had not lowered
their selling prices in proportion to the
reductions made to them in their pur-
caases. This was true, he said, of food.
clothing and shelter, always the first
elements considered in discussing high
costs. High prices had been more or
less influenced by labor rates, but
where labor has been free to act with
it's own sense of propriety and Justice
it has shown itself fair and consid-
crate.
Discusses Building Trades
Where labor is directly under con-
troll of leaders not connected with nor
interested in the result of the work in
question, Judge Gary charged, the rates
are unreasonable and unjust. This
particularly referred to trades con-
trolling building operations and affect
ing rentals.
Government taxation he said, had
made people realize literally what it
meant to be taxed-to death. ANY polit-
ical party or any politician opposing
substantial reductions bringing taxa
tion to the lowest possible level would
go down to defeat at the first election.
The speaker also expressed q favorable
attitude toward the sales tax.
We have good and great Admins
tration,' said Judge Gary, "a towering.
level-headed leader who will guide us
out of the paths of uncertainty into the
broad highways of stability and pro-
greEsive prosperity. We are thankful
for this