The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-05-26
{. H. GARY
ADDRESSES
INSTITUTE
Asks Pity for the Chronic
and Foolish PesSimiSt
of u. S.
INTERNATIONAL NEWS sERyIcEl

NEW YORK, May 26.-Big. even
profitable business. has been ahead
OF US all these years, though 1t has
been at times obscured. Now we
seem to be nearer a realization.
Judge Elbert H. Gary. chairman of
ths United States Steel Corporation.
declared today in his presidential
address before the annual meeting
of the Iron and Steel institute at
the Hotel Commodore
7 am still an optimist. And like
wise are you.
Optimism arises from opening
ones eyes and ears and mind TO
the good things In life which a mer-
ciful and overruling providence has
bestowed. May all of US have sense
to appreciate.
Pity the chronic blind, deaf and
foolish pessimist of the United
States.
We have not. 1 think. entirely
passed from under the clouds of ad-
versity. Certainly we are carrying
hitherto unheard of heavy govern
mental and financial burdens. To
bear them gracefully and content
edly. there must be not only for
bearance. encouragements and as
sistance from every department of
government UP to the limit of pro-
also be entertained by every indi-
vidual. consistently and constantly.
spirit of patience. pluck, energy.
generosity. loyalty ami charity.
I'VE must do our rart. We must
be fair and just, as loyal to the
government as We were during the
war.
Little need be said about the
changing business conditions for
better in the iron and steel IN fus-.
try. The .acts and figures have
been and arc published. The vol
ume is large and increasing.
The profits are not satisfactory.
but few. IL any. ought to be doing
business at a loss and we shall
soon, I hope. settle down TO read
justed basis Of prices and rates that
it fair and reasonable and on a
comparative parity.
Let us be moderate in our de-
mands. Profteering will be more
and more exposed and eliminated"
Gary referred to revision of the
tariff as "an intermittent disease"
and declared it should not be a
political question at all but that
both parties should agree on prin-
ciples providing for tariff for joint
revenue and protective purposes.
thus removing the question from
politics. His solution then. he said,
would be:
There should be commission of
well paid, high minded. intelligent.
competent and non-partisan ap-
pointees, authorized to ascertain
and communicate the facts and fg-
ures. and their rerorts should be
frequent so that. If deemed neces-
sary. a change or amendment to
the tariff laws could be made at any
time congress is in session"
The head CT the great steel trust
declared he welcomed fair laws for
the regulation of industry or inves-
LEGATIONS that were honest and non
partisan.
The progress and prosperity of
no nation he said. can long en-
dure. If any single factor in eco
nomic life shall be especially fav-
ored or punished or exempted"
He therefore contended, he said,
that trade unions and farmers's or
ganizations should be subject to
exactly the same kind of regulation
as Industrial and commercial or
CARNATIONS.
Gary opposed immediate passage
of the soldier bonus. because the
load of taxation ought to be light
ened not increased" IL passed at
a later date. he expressed strong
approval of the sales tax as the
method of raising the money.