The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1922-10-27
GARY SEEKS
new WORLD
PEACE MEET
Suggestions Discussion Of
Financial and Indus
trial Questions.

NS" AOAh NJ WI. Ss.--AAOtuSI IN
ternational peace conference In
Washington for the full and frank
discussion of all unsettled finan-
cial, commercial and industrial
questions in which the United
States is interested. was suggested
by Ebert H. Gary, chairman Of the
United States Steel Corporation, in
a speech today at the semi-annual
meeting of the American Iron and
Steel Institute of which he is pres
ident.
Such a conference, he said.
sh "A be participated in by all
open minded, well disposed repre-
sentatives from the different ma
tions, such as those who appeared
at the recent limitation of arma-
ment conference.
Predicts Good Results.
"If there shall be such a meet
ing" he declared, "and the dele
gates are all of the type referred
to, there will result incalculable
good to all who are parties. There
should be no discussions how to
abolish or overcome the old estab-
lished law of supply and demand,
how to avoid or repudiate existing
obligations, but rather how and
when to fulfill them without ire
parable injury to any one or the
sacrifice of principle. While it is
true that members Of such con-
ference would be compelled to con-
slider, and in large measure be
governed by the wishes Of their tc-
spective constituencies, it is he
lieved that the large majority oi
the populations making up such
,, constituencies would be considerat.
and honest"
Opposes Debt Cancellation.
f. Cancellation Of Europe's wav
debts to the United States was op-
posed by the speaker. The debts
he said, were voluntarily, openly
and fairly contracted and canno!
be cancelled or disposed of on any
other basis, without doing violence
to well-recognized principle Of
justice and rule Of propriety.
ITO cancel these debts or any
part of them, without full pay
ment," he asserted, would be
forced charity, and that is nevei
agreeable to the donor and as 9
rule equally disagreeable to self.
respecting person or nation.
1T is the individual citizens o.
the different countries who are te
be consulted and whose dectsio,
must control.
| Americans generally would mo-
be content with governmental &C
ton which relieved from debt ths
citizens of a foreign nation by in
creasing the burdens Of the former
Likewise foreigners generally viii
oppose any enforced act Of charity
Certainly it would be abhorrent Il
the business men and women o.
both countries"
The attitude and conduct OF
nation, he said, should not be diff
ferent from that of an individual.
Europe Can Pay.
I'm the judgment of many Of us.
he continued, 1.-The foreign natiOnI
can and are willing to pay theil
debts, some sooner than other
and most OF them sooner than is no
now generally admitted. We know
something of their capacity to worl
and earn and save and thrive, o
their success in business and theil
mode of living. No doubt in man!
instances productive capacity ha'
been reduced and we share in thei1
suffering on account Of depriva
ton
/ I'VE should be cheerfully williL;
! to extend payment at reasonabl.
low rates of interest. We shoul'
be glad to make new loans when
/ ever we are confident they will b.
paid and thus assist In restoration
and rehabilitation. Every man O
nation, in order to measure up t
obligations, must work and save
must be prudent and fair and econ
omical." .>.,f.
4 Publicity on both sides Of indus
| trial disputes or questions involv
ling the welfare of the public va
advocated by the speaker.