Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1921-06-13
CAPITAL ESSENTIAL !.
TO PROCRESS--GARY
Steel Head Says Only Alterna-
tive Is Anarchy Of Soviet.
ism" Frustrating Russia
USEFUL ALLY OF LABOR
BY the Associated Press

09fys OF IHP DONNU or III
rectors of the United States Steel Cor
poration, told Syracuse University
students In q commencement address
today that capital is necessary to the
progress and prosperity of every coun.
try and any people. The only alterna-
tive to Il. he declared. was the anarchy
OF sovietism now gnawing at the vitals
OF Russia. This Russian system he de-
scribed as poison In the natural sys-
tenn OF national and individual life
which would eventuate in destruction.
II the people of America would
study the facts about this vital Ques-
ton. he said. there would be no cpl
demic Of sovietism here. Capital and
the rights Of all people would he con-
served
In this country the door of oppor
tunity is open to both capital and
labor and neither. he said. should be
permitted to abuse II.
He expressed the opinion that there
might be no objection to fair and
reasonable law subjecting organized
capital. exceeding certain amounts, to
governmental inquiry and restriction in
It's uses, provided organized labor
should alaso be subjected to the same
statute"
The expression that the world owes
each individual n living" said Mr..
Gary, was too frequently used, and it
was foolish to endcavor to support that
claim by citing the acknowledged prin-
ciple that all men are created free and
equal. This meant. he said. no more
and no less than the right of equal pro-
lection and opportunity.
Speaking on the relations of capital
and labor, Mr.. Gary said that these
two interests recognize their interC..
pendance, but that outsiders often seek
TO antagonize them. He declared, how
ever, that the majority of employers or
managers of business are more solicit
Gus fer the welfare of the workmcn and
do more to promote their comfort and
happiness than outsiders ever have done
or were disposed to do. Labor was
never in the worlds history more highly
respected nor treated as literally as
today. he declared. 1t had been dem
onstrated to be profitable to the en-
ployer to treat the workman fairly and
this would insure the latter full justice.
Money Necessary to Results
Laying stress on the necessity of cap
ftal. he said: Money is essential to
provide facilities for preparing one to
accomplish the best results in any pro-
fession or calling. The material prog
ress and prosperity Of any and every
country are to an enormous extent the
result of large capital. Without these
the inhabitants would be neither happy
nor comfortable.
Accumulated capital provides the
facilities for development, improvement,
extension and application of natural
resources. This could not be done by
small contributions of money" In
times of war. Mr.. Gary declared, it
would have been impossible to have
fully supplied the needs of the country
without recourse to contributions by
large capital.
Except for the accumulated capital
tsted in business enterprises and the
iorking capital to maintain and extend
Lhem.' Mr.. Gary continued. millions
of men and women who work for wages
or salaries would be without a chance
TO earn a decent living. To the extent
nation is without capital in corre-
spending degree are its industries in a
poverished and respondent.
I'm short, for a desirable and proper
degree of comfort, contentment, hap
piness, advancement in any direction,
protection against disease and destruc-
ton, every inhabitant of every land is
dependent upon individually accumu-
lated capital"
Open Shop Means Equal Opportunity
Mr.. Gary declared that the platform
OF labor union leaders is the antithesis
of the principle of equal opportunity.
He asserted that, industrially, the in
dividual can realize the full advantage
of the opportunities which this country
offers only through the principles of the
open shop as distinguished from the
dominance and arbitrary control of the
union labor leaders. He added:
The open shop means freedom to the
employe to engage in any line of en-
ployment, at any place and time, upon
terms and conditions voluntarily agreed
upon between the employe and the en-
ployer.
'.The closed shop means that one de-
string employment can secure a place
only on terms approved by the union
labor leaders or leaders having jurisdic-
tion over the particular closed shop.
''The great majority of the people of
this country stand for the open sea,
open ports of all countries, open
covenants with other nations, open dis
cussion of all proper questions and the
open shop, and with this freedom and
justice to all.
Equality of opportunity. | believe,
Is the avowed doctrine Of our present
Administration, from the President
throughout the whole governmental
structure, and will be inteligently and
faithfully applied. Therefore. we have
reason to look forward with confidence
expecting increasing prosperity in all
directions as the months pass by,