Every evening, Wilmington daily commercial., 1921-06-13
WITHOUT CAPITAL
LABOR MUST FAIL,
GARY DECLARES
u. S. Steel Head Points Out the
Merit OF "open Shop" to
Syracuse Graduates.
NE WARNS OF BOLSHEvISM

ily Associated Press 10 Every Evening.
syracuse. y. y. june lS-E. IA.
Gary, chairman % the Eoard OF Di-
Gp'tors of the unit.d States Steel
Corporation, told Syracuse University
students tn a comms ncement address
to-day that capital Is Necessary TO the
progras aud prosperity OF every
country and any pcople. The only
Alternative 90 a.. ho declared, was
the anarchy or SoVietism now gnaw-
ing az the vitals Of Russia. This
Russian system he described as a
poisson IN the natural system OF ma
tionai and individual life which would
eventuate in destruction.
II the people Of America would
study tn, facts about this vital aues-
tion. hc said. there would be no epi-
demic Of SoNletism here. Capital
and the rights Of All people would b.
conserved.
In this country the door Of oppor-
tunity - open 70 both capital and
labor and neither. he said should be
permitted 10 abuse il.
llc expressed the opinion that there
uhvht t-o no objection To a fair and
reasonable law suhjccting organized
capital. exceeding certain amounts, 10
governmental inquiry and restriction
in ts uses provided organized labor
should also - subjected 10 the same
statute.
Mr. CARY hcgtln hy pointing out
that the pt-ople Of the United States
have the greatest opportunity for sue
cess n every department Of worthy
rndoaVor. The expression that the
world owes each individual living.
was too frequently used and il was
foolish IL tudeaVor 70 support that
claim ~ citing the acknowledged
principle that all men are created
tree and equal. This meant he said.
nu more and no less than the right
4, equal protection and opportunity.
Speaklue on tho relations Of capt.
ta and labor. Mr Gary said that
th.ac tWo interests recognize their
.nt,rdcnendencea but that outsiders
uten scck 10 antagonize them. He
duglarea. however. that the majority
0 employers or managers ~ business
are now, sohcitous Tor the welfare
II the workmeu and DO more 70 pro-
mote their comfort and happiness
than outsiders ever had done or We're
slisfsBs,d to do ISl,or was never in
tht worlds history more highly re
ap,ettd nur treated - literally as
tndaY n. declared. II had been DEM
onStrat,d Is he profitable To the en-
nlovtr Is tru.at the vorkmen fairly
and this would insure the latter full
justice.
Laying stress on the necessity of
capita II, said Money Is essential
a. nruxfde facilities for preparing one
a. accomplish the b,st results in any |
-fraT
progroaSs and prosperity u any and
every country are 70 an enormous
extent the result 81 large capital. 4
Without these the inhabitants would
l. neither happy nor Comfortabie.
Accumulated capital provides the
facilities for development. improve
mant. extension and application of
natural resources. This could not be
done ~ small contributions Of money.
in times uf war. Mr. Gary declared,
4 would have been impossible TO have
fully supplied tho Needs q the coun-
frV without recourse 70 contributions
Is large capital
Except for the accumulated capltal
invested in business enterprises ana
the working capital 20 maintain and
extend them. Mr.. Gary continued,
millions 81 men and women who
work for wages or salaries would be
without a chance 70 earn decent
living. To the extent nation Is
without capital in a corresponding oe-
gree are lis industries in state Of ;
decay and its people impoverished and
respondent.
.In short. for a desirable and proper |
degree ~ comfort, contentment. hap /
rinsss. advancement IN any direction /
protection against disease and de- +
structlon.' every inhabitant Of every. I
land Is dependent upon individually .
accumulated capital
sThe only alternative which has .
been suggested Is that the govern
ment shall forcibly take possession
and control Of all capital and dis
tribute the income derived from il
amongst the people per capita. This
would inject into the natural system
Of national and Individual life a poison
which would exentuate IN destruction.
II would smother ambition, enervate
tho body. remove competition for
legitimate success in every line Of
activity destroy incentive for de-
Nelopmeut and progress and create a
nation ~ laggards. weaklings and +
paupors Slight motive Tor succeeding Il
tn any natural and honest direction
would exist II the final results We're
20 be applied for the equal benefit Of
others
Growing out of the illogical and II
enndcmnatory doctrine above de-
serihed. Is another even worse. II is.
and for some months past has been,
in practice al places outside Of the
United States. II rejects the right OF
an individual 20 enjoy the fruits OF ma
turui ability and integrity Of study
'and mental effort. thrift and economy
and Il substitutes the law Of physical
force which permits the strong and
powerful 20 forcibly appropriate all
that belongs 90 another, including
property and family
Capital whether invested in char
table religious. educational institu-