Every evening, Wilmington daily commercial., 1921-11-18
BUSINESS BETTER,
COSTS STILL TOO HIGH,
GARY STATES
Continued from page /.

Continued from page j.
OF owning and earning money or Its
equivalent"
Mr.. Gary, In referring 10 the Arma- :
ment conference ht Washington
urged the negotiation OF treaty that
would prevent future wars, In CON
junction with an agreement that would
| limit navies. The speaker belttled
the suggestion that any cut In arma-
ment would reduce the manufacture
OF steel saying the thought was un-
worthy OF even passing notice. BusI.
ness was improving. he said but ther,
must be further adjustments.
| with an agreement for the limi-
tation Of capital ships Mr.. Gary SAID
1T would not seem TO be practical 10
stop with less than final treaty
which will prevent future wars. In adj
dition 20 what is contemplated by the
| limitation OF armament. there should
with other things. be an understand.
ing that II any international differ
snces arose, no resort to military fore,
should be permitted until after there
has been a conference and full dis.
cussion by all nations now particlpat.
ing In the deliberations at Washing
ton.
'u'resdcnt Harding and the fou-
selected, able and experienced repre-
sentatives of this country. will ener
getically and persistently strike To-
an agreement. They realize their con
stltuents are Internationally and fer
ven.ly supporting them In their cam
paign for peace and limitation OF mr.
mament, and all this is true OF eacl
lof the other nations"
Mr.. Gary asserted that the Inter
national arrangement to be conclude,
must cover every kind OF srnamen
heretofore or hereafter discovered.
"rhe benefits which WOULD he de
rived by reason OF all the nations .iv
ing under peaceful conditions. a
compared with military conflicts. ar
beyond calculation" he said. "lf mean
for the Arm establishment and main
tenance of peace can be found an
generally assented TO, II will mark n
epoch of the greatest business pros
lperity, as well "a the largest meas
ure of happiness the world has eve
Witness Il. We should be thankful thi
conference has been called"
Failure OF the conference, he nal,
: was unthinlable. An adverse outcom
would be intolerable. and those r,
, sponsible for Il would be repudlate
and everlastinely condemned
NO claim for personal or individu,
! advantage, not BASED on the principle
= of right and justice. In the opinion ,
= the ma ajority, would be, entertained
. he added.
: MIR. Gary briefly disnaissed the sur
: gestion that less steel would be ma
, ufactured as result of armamer
. limitation.
1, I'm the first place." he said. "tt
, amount of decreases, II any. which
q doubtful. would he small. and eve
, though they might be large. no sar
and right spirited person would COZ
sidcr pecuniary interest as ot any In
:. portancc when discussing national
! International welfare"
Manufacture OF steel from iron ol
=. by the direct process" which wou
Z involve the use of atomized fuel Z
or powdered coal. was described b
: fore the institute by A. II. Bourcoun
L New York engineer, who has be,
g conducting exhaustive tests FOR son
: time. lie declared the direct process
u had "feasonahle chance of industri
: existence" and that properly co
r Quoted, the work could be done at
price which would compare favorah
II with the cost OF manufacturing ste
: under generally followed heretofore.
N The process described by Mr.. Bou
" cound differs from The blast furna
l. process in that the latter involves I
" use of reduction gases formed in I
n change of coke in the furnace. VIII
"a the Bourcound method contempla'
= the use Of reducing gas project
against the mass of ore contained
a furnace of special design. Fedel
experts, It was stated. have found
go process theoretically sound.