New-York tribune., 1922-05-27
Greatest Era of
at
Hand, Says Gary
spity the Pessimist.'' Steel
Head Advises: Forecasts
Quick Realization of
Big, Profitable Business
Praises Harding's Attitude
Judge Declares Against
Excessive Tariff and
All CT lass Legislation


American Iron and Steel Institute at
I .,e!r twenty-hrst general meeting in
/ 4. Hotel Commodore yesterday that
ne country now seems nearer real
/ us.icn Of big and profitable business
\ vsleh "has been ahead of US all these
/ ears though it has been at times OH
/ Saysa."
1 l.aough the country has not passed
rom under the clouds of advcrsity
es.rty Judge Gary said, conditions
il the iron and steel industry are
esaagng for the better.
The volume is large and incrcas-
af.s 10 continued. THE proftS aro
sot satisfactory, but few, if any. ought
20 be doing business at a loss. and We
sasll soon, l hope, settle down ~ =
rssijusted basis of prices and rates
ina. is fair and reasonable and on ;.
comparative parity. Optimism arises
rom the opening Of ones ewes and
Hars and mind to the good things in
ie which a merciful and overru,inq,
Providence has bestowed May all Of
Us have sense to appreciate. Pity 4ha
chronic blind. deaf and foolish neee.
mist Of the United States"
Names s-Hour Day Committee
me personnel of the committee Of
steel company executives appointed ~
the suggestion of President Hardino
10 consider the establishment of The
eisht-hour day in the iron and stoo,
industry was announced by judge
Gary in the afternoon.
In addItion to Judge Gary. as chair
man, the committee consists of Jamos
A-7Farre Il, Eugene G.. Grace. president.
or Charles NJ. Schwab. chairman Of
the bethlehem Steel Corporation: John
Topping, chairman of the Republic
IRON and Steel Company; Alva c.
Dinkey, president of the Midvale Steel
ana Ordnance Company; Alva c.
campbell, president Of the Youngs-
.s9~n Sheet and Tube Company; Leo
pold Block, president of the Inland
stee! Company; Willis L. King, vice
president of Jones & Laughlin. and
lanes A. Burden. president Of tha
Burden Iron Company
Judge Gary prefaced his formal ad-
dress to the members of the institute
With discussion Of the dinner given
at the White House last Thursday
evening to forty representatives of the
industry. He emphasized the earnest
ness and fairness with which Presi-
dent Harding approached the twelve
hour day problem.
He declared that President Harding
denied any intention of meddling in
the Il steel industry or of doing anything
that would be injurious to the trade.
President Harding, Judge Gary said.
vas relying on the steel men
themselves to make adjustments in
working hours which public sentiment
row seems to demand.
touching upon wide variety OF sub
,'ci5 in his formal address, Judge
6s'y expressed himself as favoring a
snf nigh enough to protect industry,
olt not high enough to permit pro
dlcers to Cypress consumers. He re-
asserted his belief in the sales tax as
the best means of raising revenue and
said the American people could not at
present afford to pay the suggested
soldiers bonus. He also stressed the
necessity of equal legislation for all
classes and declared:
Any law in its existence or admins
tlatlon that discriminates in favor of
or against any individual calling or
.ocation is essentially wrong and is in
furious to the whole body polite Any
person who, for selfish reasons or as an
advocate for another, insists upon
claim contrary to the one expressed is
Olsloyal to the principals of our ma
tlonal scheme Of government.
The progress and prosperity OF TO
tatlon can long endure if any single
factor in economic life shall be espe-
ciaily favored or punished or exempted
Equality before the law is fundamental
10 industrial peace and prosperity.
10 permit labor organizations or
iarmef organizations, as the result Of
eomoination. TO do things that are
Claimed to be beneficial to them which
are denied 10 others is to create classes,
10 iavor some of them and to injure the
Wnole body polite. 1t tends to array
eass against class and it adds to the
cost OF production.
II It is necessary. in order to pro-
'ee' Workmen against imposition, to
permit them 20 organize into associa-
Tons and thus act collectively, let it be
oohe under any ts virtue Of the general
Jaws, subject in management to govern
mental investigation and supervision
snd control against wrong oppression
and violence. Let them account, un-
yer direction of the government, for
isoheys received and disbursed. And
me same argument applies to farmers.
iFeat all persons, all organizations, Of
oquai importance, as essential parts of
aston, each as good and bad as the
others
keferrng to government con-
L0i OF industry Judge Gary said that
ge business should be subjected 70
reeera inquiry and supervision, pro-
.oeo 1T is through non-partsan, non
pessoaai, thoroughly qualified commits
slon' and always should be subject to
Ie'ieW and determination on the merits
~ me highest judicial tribunal
nut the lnsistence that govern
mental regulation of industry is proper
sno deslrable," he said, should al
Maya be accompanied by the condition
ma nay there shall be no discrimination;
."ae al! lines and departments of
economic activity of similar impor-
.shce shall be subjected to the same
treatment"
D technical papers were read by David
1,sK 1sHe! general manager of the Broken
~ Nm Proprietary Company. Newcastle,
Se~ Ss South Wales, Australia; Loyal A.
i.hoody, chief surgeon of the Beth
mem mem Steel Corporation; c. l.. Wood /
oiloget general superintendent, Car ,
"egle Land Company: Wilfred Sykes. /
ssslstant TO the operating vice-presi-
aeht' the Steel and Tube Company of
america; Frank L. Mason, consulting /
sf,eoiogist. Witherbee, Sherman & Co.; /
tieroert F. Miller jr., assistant super
.ntsnaent, Lackawanna Steel Company,
ana W. c. Bulmer superintendent open
neaIth department CarneCIc Steel