The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1921-11-19
'SCHWAB PROPOSES
| To SCRAP BIC WAR
PLANT FOR PEACE
Iron and Steel Men Cheer Head
Of Bethlehem Works
FOCH IS GUEST OF HONOR
Judge Gary also scorns Profits
Made at Expense of Ma
tions at Arms
FOCH IS GUEST OF HONOR

New York, Nov. Emphatic as
surance that the iron and steel man
ufacturers OF the United States arr
solidly aligned with delebates to tai
arms conference in their efforts to ent
wars, was given by Charles NJ Schwai
in an address last night at dinner
of the American Iron and Steel IHsti
tute in honor OF Marshal Foch.
1 After paying high tribute to The
Marshal and telling him that in the
language of the greatest of poets
he had been 'grappled to our soul
/ with hoops OF STEEL Mr., Schwab
who is head of the Bethlehem Stee
Corporation. said
! would like TO take advantage OF
this occasion to say something which
has long been upon my heart, and
which at this significant moment, II
is clearly my duty to say 1t was
stated at some OF the sessions Of the
recent League of Nations meeting in
Geneva, it has often been carelessly
suggested in the press that the flame
| of war is in great measure kept alive
/ by those interested in the private
building of naval ships and the manu-
facture of munitions of war can,
OF course, speak only for myself, but
believe | know and express the
sentiment Of others placed In similar
positions to mine when say this:
am at the head of the largest war
materials manufacturing works in the
word. The shipyards of my company
build more naval ships than are built
in any other yards under one manage
ment in the United States. But |
have been thrilled beyound expression
as had every good American, by the
brilliant and statesmanlike scheme
laid before the conference at Washing.
TN by Secretary Hughes. The carey
ing ont OF that plan may involve great
monetary loss in some quarters. but
such thing as financial loss can be
OF no consideration when compared
to the inestimab,e boon to mankind
which would be involved in the realiz-
alton OF that magnificent plan.
Mr.. Schwab declared that should the
statesmen now assembled in Washing
ton find il possible to bring about dis
armament and permanent peace, he
would gladly see "the war making ma
chinery of the Bethlehem Steel Cor
poraticn sunk to the bottom OF the
ocean" He added;
Nothing could contribute more to
the ultimate and permanent prosper
ity and happiness OF the world than
the conclusion OF agreement between
the great nations OF the world which
would eliminate war and the causes
Of war. And so, let us say to the
men gathered at Washington. let 1t
go out from this gathering of the men
of the steel and iron industry. that
we are solidly behind every effort they
can make which will hasten the com
ing OF the time when war shall be no
more.
If disarmament infiicts money loss
upon us, the American Iron and Steel
industry will accept 1t willingly ana
gladly We will do SO not In 4 spirit
of mere idealism and self-sacrifice, but
in belief that the greatest perman'
ent material prosperity would be
brought about by the concentration
of the energies Of mankind upon con-
structie activities; upon means for
well-being and not for the destruction
OF civilization.
We in this country are in the midst
OF great business depression when
is affecting the steel industry quite as
acutely as any other industry in the
country To escape from this slough
of despond the various factors OF the
steel business must consider the in
terests of the whole rather than mere
" seek their selfish ends.
Negotiation Of treaty to prevent
future wars in connection with a con-
yention to limit navies was urged TO-
day by E. H. Gary, Chairman OF the
Board of the United States Steel Cor
poration, in an address before the in
stitute, Of which he is president he
belittled the suggestion That arma-
ment limitation would reduce the man
ufacture of steel, saying the thought
was unworthy VI even poosihS hNNtSN'
Business was improving, he said, but
there must be further adjustments,
president Harding and the four
selected able and experienced repre-
sentatives of this country will ener-
getically and perslstently strive for
an agreement They realize their con
stituents are freyently supporting
them in their efforts for peace and
limitation of armament
He asserted that the international
agreement to be concluded must in
clude everything of armament here
tofore or hereafter discovered. Fan
ure of the conference, he said, was
unthinkable He briefly dismissed
the suggestion that less steel would
be manufactured as result of limit
alton of armament.
I'm the first place he said, tine
amount of decreases, II any, which
Is doubtful, would be small, and no
sane person would consider pecuni'
airy interest as Of any importance
when discussing national or inter-
national warfare" :