Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-05-26
JUDGE GARY
SEES BETTER
DAYS AHEAD
Head of Steel Trust
Believes Times I'm
prove.
PITIES PESSIMIST
Suggests Proper Way
to Relieve Heavy
Burdens.

NEW YORK, May 2s-"Big. even
profitable business, has been ahead OF
US all these years. though il has been
az times obscured. Now we seem To be
nearer a realization Judge E. III, Gary.
chairman OF the United States Steel Cor
poration, declared today in his presi-
lential address before the annual meet
ing of the Iron and Steel Institute al
the Hotel Commodore.
Il am still an optimist. And likewise
are you.
Optimism arises from opening ones
eyes and ears and mind TO the good
things IN life which a merciful and
overruling providence has bestowed.
May all of rs have sense to appreciate
PITY PESsIMIST
OF CNITED STATES"
PITY the chronic. blind, deaf and
foolish pessimist Of the United States
We have not, I think. entirely passed
from under the clouds Of adversely. Ger,
tainly we are carrying hitherto unheard
cf heavy governmental and financial bur
lens. To bear them gracefully and con
tentedly there must be not only forbear
ance. encouragemenrs AMI assistance
from every department of Government,
up to the limit of propriety and justice
every individual. consistently and con-
stantly. a spirit OF patience, pluck, en-
ergy. generosity, loyalty and charity.
We must do our part. We must be
fair and just as loyal 10 rhe Government
as we were during the war
Little need be said about the chang
ing business conditions for better in the
iron and steel industry. The facts ana
q haf- n
lished- The volume is large and in
creasing.
The profits are not satisfactory. but
few. II any. ought TO be doing business
at a loss and We shall soon. I hope
settle down 70 a readjusted basis Of prices
and rates that is fair and reasonable and
on a comparative parity
Let US be moderate in our demands
Proftcering will be more and more ex-
pose1 and eliminated
TARIFF REVISION
CALLED DISEASE.
George Gary referred to revision Of the
tariff as "3a intermittent disease" and
declared II should not be political ques
ti0n al all, but that both parties should
agree on principles providing for tariff
FOR Joint revenue aud protective purposes
thus removing the question from politics.
Ills saIltlhE. aa S3tu. tAen NDllQ De.
There shnuli be 4 commission Of well
paid high minded, intelligent, competent
and non-par5isan appointees. authorized i
To ascertain and communicate the facts
and figures. ani their reports shaGld be
frequent so that. Il Jeerned necessary
a change or amendment 70 the tariff
laws. could be made Al any time Congress
is in session
The head Of the great steel trust de-
clared he welcomed fair laws for the reg
ulation Of industry, or investigations
that were honest and non partisan.
The progress and prosperity Of no
nation he said, can long endure II any
factor IN economic life shall be especially
favored or punished or exempted
He therefore contended. be said, that
trade unions and farmers organizations
should be subject 10 exactly the same
kind Of regulation as Industrial and com
nlercial organizations
Judge Gary opposed immediate passage
Of the soldier bonus, because "the load
of taxation ought 10 be lightened not
increased II passed at a later date, be
expressed strong approval of the sales
tax as the method of raising the money.