The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-05-27
GARY TALKS
ON BUSINESS
SITUATION
Says Further Adjustment Is
Necessary Before Public
Begins To Buy Normally.

NEW YORK May General bust
ness throughout the United states Is
improving but there must be further
readtustment before the public begins
10 buy upon normal basis. Judge F.
II Gary. chairman Of the United states
steel corporation. told the American
Iron and steel Institute here today
I am not at all discouraged, there is
nothing the matter with the country.
declared Judge Gary In his address
opening tho annual meeting Of the in
ttitute.
Judge cary declared that some OF
the prices charged for commodities are
unreasonable If not extertionate.' He
said that strict enforcement Of the law
Is vital factor I'm The restoration Of
normal conditions"
one of the most hopeful signs OF the
times ne added was the apparent dis
position Of the national admintstrs-
ton al Washin gten TO help legitimate
business Judge Gary said that until
wages are further decreased the costs
q many steel producers will not per-
nit lower selling pfices. He IL oppos-
"a TO further wage cuts. however, until
the cost OF living comes down
Judge GAry's speech in part follows.
Tn the richest of all nations, IN
propert yand money. with the greatest
and most rapidly increasing resources.
our people arc not buying enough to'
supply themselves fully with the oral
nary comforts ~ life. although they
have the disposition and means to do
SO The demand is, and for some time
has been below normal.
The great purchasing public has
"a sinf
been contaminated complete and prop
er readjustments of prices: and on ac-
count Of failure to discriminate be-
tween different lines or departments OF
business the whole economic system
has suffered.
The vast majority CT business men
and workmen are sincere and fair but
there ia and perhaps always viii De. a
minority that ignore the princ Plies or
common honesty. They are sufficient
In number 60 seriously affect the whole
situation Cntn these are aroused to
the necessity OF getting in line with
sound and decent standards Of conduct
the fuil return TO satisfactory business
conditions will be more or less I'm
eded.
-Sow. what, Il anything. can pc done
20 improve the general situation. IL
answer the first thing for instance.
thToug hout tina world. Is the observ-
ance and enforcement of law There
is no standard for safe and certain
progress in economic effort except i'm
established rule of law which Axes ana
protects the rights of everyone with
cut discrimination.
If laws shall be enforced and peace
maintained. the other questions relat-
in z to economic progress viii be solv-
cd II 1t should he deemed necessary
and wise TO have government super
visions over organized industry in ord
e. to protect the public interests,
personally would not obejct provided
the laws and rules shall likewise ap-
ply to organized capital and organic
ed labor.
One Of the most hopeful signs of
ths times is the apparent disposition
o. the present administration at
Washington to aid rather than OBJ
struct the natural and Legitimate pro-
gress of business
II We may rely upon the state
7nents by economic and statistical ex-
perts the country is now headed in
the right direction and il this be true
~ believe, then our progress towards
recovery although slow at present.
Viii increase as the days go by The
steel business on the whole is a little
better this month than it was last.
General business throughout the init
I'd states has been slowly improving
u Is very good in some Of the western
states. 1 am not at all discouraged.
There is abundance of new bust
ness There Is nothing the matter
with the country; it il with the in
dividuals- Patience. courage and
fsjr disposition viii bring satisfactory
conditions in due time