Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-05-27
GARY ASSERTS
PUBLIC SHOULD
START BUYING
Business Is Improving, but
Greater Readjustment Is
Needed in II. S.
COUNTRY IS ALRIGHT

NEW YORK. May 27-General bust
ness throughout the United States is i'm
proving, but there must be further re-
adjustment before the public begins to
buy upon q normal basis, Judge e. n.
Gary. chairman of the United States Steel
Corporation, told the American Iron and
Steel Institute here today.
II am not at all discouraged; there is
nothing the matter with the country"
declared Judge Gary IN his address,
opening the annual meeting Of the in
stitute.
Judge Gary declared that some Of the
prices charged for commodities are I'M
reasonable IF not extortionate." He said
that strict enforcement of tn claw is a
vital factor in the restoration of normal
conditions.
LIKES ATTITUDE
OF ADMINISTRATION.
One of the most hopeful signs Of the
times, he added, was the apparent dtsp0-
sitiOn of the national Administration at
Washington to help Legitimate business
Judge Gary said that until wages are
further decreased the costs Of many steel
producers viii not permit lower selling
prices. he is opposed to further wage
cuts, however. until the cost Of living
comes down.
Judge Gary's speech in part follows:
"In the richest Of all nations. in prop
erty and money, with the greatest and
most rapidly increasing resources, our
people are not buying enough TO supply
themselves fully with the ordinary COM
forts of life although they have the dis
position and means to do so. The de-
mand is, and for some time has been
below normal
The great purchasing public has
formed the opinion that there have not
been consummated complete and proper
establishments Of prices; and on account
of failure 10 discriminate between differ
ent lines or departments of business, the
whole economic system mas suffered.
MINORITY OF DISHONEST
PERSONS DANGEROUS.
The vast majority Of business men
and workmen are sincere and fair, but
there is, and perhaps always will be, a
minority that ignore the principles Of
common honesty. They are sufficient in
number to seriously affect the whole sit
uation. Until these are aroused to the
necessity Of getting in line with sound
and decent standards Of conduct the full
return to satisfactory business condi-
tons win be more or less impeded.
Now. what. if anything, can be done
to improve the general situationE l
answer the first thing, for instance,
throughout the world, is the observance
and enforcement Of law. There is no
standard for safe and certain progress
in economic effort except an established
rule Of law which fixes and protects the
rights of every one without discrimina-
ton.
SOLUTION COMES
THROUGH LAW ENFORCEMENT.
"If laws shall be enforced and peace
maintained, the other questions relating
to economic progress will be solved. If
it should be deemed necessary and wise
to have Government supervision over or
ganized industry, IN order TO protect the
public interests. I personally would not
object. provided the laws and rules shall
likewise apply to organized capital and
organized labor
'One OF the most hopeful signs OF the
times is the apparent disposition OF the
present administration at Washington to
aid rather than Obstruct the natural and
legitimate progress Of business.
If We may rely upon the statements