The New York herald., 1921-11-19
SCHWAb WOULDSINK
HIS Big WAR PLANT
TO KEPEACE sure
Head Of Great Bethlehem
Works Cheered by Iron
and Steel Institute.
FOCH Is GUEST OF HONOR
Judge Gary Also Scorns Profits
Made at Expense of Ma
tions in Arms.

The spectacle was presented at the
Commodore last night of the men who
are supposed to profit greatly by war
wildly cheering an idea and a pledge
whose contamination would take away
those particular profits.
These men were the members of the
American Iron and Steel Institute at
dinner in the grand ballroom OF the
hotel. with Marshal Foch as guest of
honor. They make armament, guns,
all sorts Of martial tools. The utter
ance they applauded SO fervently was
that of Charles M. Schwab. head of
the largest war materials works in
the world. largest American builder
Of warships.
But 1 say to you from the bottom
of my heart--and no one would suffer
greater loss than L" Mr.. Schwab said,
while the listeners thrilled to every
word, that If the statesmen now as
sembled in Washington under the far
sighted leadership of our President and
Secretary Hughes should find it pos
sible to bring about disarmament and
permanent peace gladly would I sea
the great ammunition and shipbuilding
plants of the Bethlehem Steel Cor
poration sunk to the bottom Of the
ocean,"
This sporting proposal from such a
source struck the other steel masters
and their guests with such force that
they sprang to their feet with a de-
lighted yell.
A Boon to Mankind.
II is obvious. Mr.. Schwab told the
diners, that the carrying out of the
plan laid down by Hughes may in
volve great monetary loss in some
quarters"
But" he added. such thing as
financial loss can be OF no consideration
when compared to the inestimable boon
to mankind which would be involved in
the realization of that magnificent plan.
wtat red blooded American would not.
indeed, make any sacrifice If the burden
OF armament could be lifted from the
shoulders of humanity? May God speed
The day when this noble conception can
be realized
And so let Us say to the men gath
cred In Washington, let ii go out from
this gathering of men OF the steel and
iron Industry, that we are solidly be-
bird every effort they can make which
will hasten the coming of the time when
war shall be no more.
IF disarmament infiicts a money loss
upon us, the American iron and steel
industry will accept It willingly and
gladly. We will not do so I'm spirit of
msr, idealism and self sacrifice. but in
belief that the greatest permanent,
material prosperity would be brought
about by the concentration OF the ener-
gies OF mankind upon constructive ac-
tivities; upon means for well being, and
not for the destruction of civilization
In the same fine vein spoke Ebcrt II.
Gary, president of the Iron and Steel In
stitutc and chairman OF the dinner.
God grant" he said. that the con-
ference at Washington will finally bring
about conditions which will establish
ard maintain continuously and perma-
nently peace between all nations and
that the guest OF honor here this evening
may have the pleasure OF exerting
strong influence in this direction.
Little Effect ON steel Production.
This was only n passing allusion, but
IN his address at the opening OF the in
sttute's meeting yesterday morning
Judge Gary not only advocated a limita-
tion Of armament, but said that the re-
sulting decrease In the manufacture of
steel would be small IL anything at ALL
and added:
And even though they might be large.
no sane or right spirited person would
consider pecuniary interest as of any
importance when discussing national or
International warfare"
Judge Gary gave his opinion that an
agreement for the limitation of capital
ships would not be enough. He said 1T
would not seem practical to stop with
less than O final treaty which will pre-
vent future wars. In addition to what
is contemplated by the limitation OF
armament there should. with other
things. be an understa nding that if any
international differences arise no resort
TO military force shall be permitted un-
Ill after there has been a conference and
full discussion by all the nations now
participating In the deliberations at
Washington
The Foch dinner brought together one
OF the largest companies ever assembled
around the banquet board in New York.
The Marshal had had hard day. He
had been plunged through one reception
after another before the steel and iron
brethren got hold Of him. but as he has
Geel and iron in his physique. too, his
endurance carried him until midnight.
and the fact is that he acted as if he
was really having good time.
Judge Gary In his address turning
on the evenings oratory, said that man.
kind had never made greater decision