The Monroe journal., 1921-01-04

LONG PROSPERITY LIES
AHEAD FOR THE cot NiliN
T.. n. Gary, of the Steel Corporation,
Predicts Defeat ol Proiiieering by
Public

AffAN - Af'aNsht ~ A'NAs - - -
Public.
That a long era of prosperity lies
ahead of the United States and that
the determination and courace of The
people VIII overcome all problems Of
feaaJusiment was predicted by Chair
mau +. II. Gary, OF the United States
Steel Corporation, in yearCnd talk
to the newspaper men of Wall street,
1T is only repeating what many
are saying, that while many Things
IN the general atmosphere are dis
quieting am as hopeful and conf
dent OF the future as | have been
"a any other time said Mr.. Carr.
"The things that have come to pass
have not been unexpected 10 the
thoughtful mind. The wonder is
that times have not been much
worse The minds of men through
out the country have been distorted.
War Beyeloned Greed.
"During the war men have been
thinking of power and force. De-
lmoralization, envy and cupidity have
developed, The capitalist has been
/ NHluS his wealth. ~ hil foNuhhNiNs II
not unfairly, increase his fortune.
The tradesmen have been buying for
the lowest ohtains5le price aud
charging the highest profits which
would be tolerated. There has been
Indifference on the part OF many 10
/ the rights and interests Of others.
/ The Golden Rule in business has been
temporarily suspended There has
been an orgy of extravaganza and
Iprofit.
Nj. Gary said that future genera
tions, looking back upon The present,
would be amazed az how nearly in
sane large numbers of publie officials
and private individuals he world
lever seem to have been Then he ad-
ltcd:
when not absolutely necessary to
kill people by tne millions or to steal
llroperty in small quantities or to
appropriate the property or territory
! ot another OF lalga value Is ,ust as
/ lad as 10 murGe, a single individual
| or to steal a small amount ~ money
or to rob another OF single horse.
/ For governments to waste money by
the millions or billions for war pur-
poses, when unnecessary, is as mex
cusable as 1t is for individuals to
waste snail amounts. although not
generally SO considered,
our Power Manifested.
There is another side OF this
picture Any country which within
! a year and a halt can mobilize g.,
100000 or 100000 of men for the
my and navy and transport more
iEan 100000 soldiers from the
i United State to the battle fronts of
I France ana can raise tor its own
/ military necessities and those of its
associate nations across the seas
over S$0,t0p,000,o00 has demon
lstraled that, with the exercise OF the
proper spirit and the utilization of
its natural resources, e can master
an ecomnomic situation far worse
and mora difficult than the present
situation according TO the widest
slatehen or imagination that has
yet been conceived OF suggested.
But, in my Judgment there is no
I difficult situation 10 overcome The
I present apparent depression in bus
iucss which, after all means only a
I ldiminutiOu Of trade or commerce s
! only the result of The natural and
necessary roadiusumonts which We're
bopnd TO follow he cessation Of
hostilities Prices ct many OF the
commodities, particularly b. the
middle men or some of thcm have
leen unreasonable and III many
cases are stiil eXturtlouate Num
this process has been r0.ug ou. or
course the general public has hH
wanting for more reasonable sell
'iGg price of he commodity under
considerations
"Dutil lhis rcadiusnp is COM
pleteG and a fair basis of selling
priccs established SO that the high
cost of living ball res, al point
which Is fair we may not expect
as large a volume of business as we
might hope for. The sooner every
one realizes this tact The better for
1 all concerned"
In an informal talk. subsequently.
Chairman Gary expressed the opin-
ion that The possibility Of any
trouble with japan was very remote
and he did not believe il was pos
sible to emhroil tive such friendly
nations. lie said, however. it is the
duty of newspapers and public
speakers in both countries TO do
everything possible TO repress a jim
20 spirit.