The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1922-10-27
SECOND WORLD
PEACE FARLEY
URGED BY GARY
Settle Questions in Which the
United States Is Interested.
IncaIcuIabIe Good to All Would
Result, He Says.
EUROPE MUST PAY DEBTS
Should Be No Cancellation, De-
cIares Steel Head.
Interference With Business a
Bar to Prosperity.
EUROPE MUST PAY DEBTS
Interference With Business a
Bar to Prosperity.

New York, Oct. 27.-Another inter-
national peace conference in Washing
ton for the full and frank discussion
of all unsettled financial, commercial
and Industrial questions in which the
United States is interested was sug-
gested by Ebert H. Gary, chairman
of the United States Steel corporation
in a speech today at the semi-annuai
meeting of the American Iron and
Steel institute, of which he IS presi-
dent. Such a conference he said,
should be participated in by able
open-minded, well disposed repre-
sentatives from the different nations.
such as those who appeared at the
recent limitation of armament con-
ference. -,
IF there shall be such a meeting,
he declared, land the delegates are
ali of the type referred to, there Will
result incalculable good to all VINO
. are parties. They would not decide
or discuss how to abolish or overcome
. the old established law of supply and
demand, how to avoid or repudiate
existing obligations, but rather how
and when to fulfill them without IT.
reparable injury to anyone or to the
sacrifice or principle.
while it Is true that members OF
such a conference would be compelled
to consider and in a large measure be
governed by the wishes of their con-
stituencies, it is believed that the large
majority of the populations making
up such constituencies would be con-
siderate and honest"
Opposes Debt Cancellation.
Cancellation Of Europe's war debts
to the United States was opposed by
& the speaker. The debts, he said, were
voluntarily, openly and fairly con-
: tracted and cannot be cancelled or
disposed of on any other basis with
I L ,fv rfr.Ir 10 rnn or
principles of justice and rule of pro-
priety.
Americans generally would not be
content with governmental action
which relieved from debt the citizens
. of a foreign nation by increasing the
burdens of the former. Likewise for
eigners generally will oppose any en-
forced act of charity. Certainly it
would be abhorrent to the business
men and women of both countries"
he said.
The attitude and conduct of a ma
ton. he said, should not be different
from that of an individual.
''If your friend is in real need and
is honest and trustworthy" he contin-
ued. you will assist him by donation
or by loan, or both, and in the latter
case you do not expect him to turn
the loan to gift. If he attempts this
T your respect for him vanishes. To re-
f tain your confidence he must use
Z every etfOrt up to the limit of his aDll-
ity and opportunity to owe and pay.
I'VE should be cheerfully willing
1 to extend payment a reasonably low
I rates of interest. We should be glad
, to make new loans whether we are
confident they will be paid, and this
assists in restoration and rehabilita-
ton. Every man or nation in order
{ to measure up to obligations must
work and save; must be prudent and
fair and economical"
Publicity on both sides of indus
trial disputes or question involving
the welfare of the public was advo-
e Gated by the speaker.
There are no obstacles to continued
prosperity in the iron and steel bust
sness in the United States the speaker
asserted, except such as may arise
from interference with the natural
source of supply and demand. Touch
ing on the recent coal and rail strikes,
he said If the natural course of bust
ness had not been interfered with the
iron and steel industry would now De
enjoying success and prosperity
greater than ever before so far as
volume is concerned.
The one to blame, he said, is "any
one who by word or deed has inter
rupted or hindered the operation of
the natural law of supply and de-
8mand; or has interfered with the full
free and unlimited right to work, to
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