The Washington times., 1923-10-25
U.S.PROSPER|TY.
INDEPENDENT
Of EUROPE
Ebert H. Gary Says America
Can Progress Despite
Overseas Disturbance.
By ELBERT H. GARY,

By Ebert H. GARY,
Chairman of the Board United States
Steel Corporation
(In Presidential Address Delivered Before
American Iron ana Steel Institute)
Distributed by Cosmopolitan News
Service.)
NEW YORK, Oct. 25.--If the
European atmosphere and condi
tons dominated our affairs, our
business men might be depressed
and somewhat doubtful of the fu-
ture; but fortunately they do not.
We are, or at least, we may be,
Independent of all other countries
so far as business progress and
prosperity are concerned. If we
properly conserve and utilize our
natural resources and legitimately
manage our private and public
affairs, availing ourselves of the
opportunities that are presented,
we may and will continuously and
adequately prosper.
FavorS Impartiality.
1t would not be appropriate for
us to take sides in European con-
troversies nor to condemn individ-
ual attatudes or conduct; but we
know the great seas are not wide
enough to separate as from the
influence Of disaster in Europe.
The whole structure of civilization
has been shaken.
It is not necessary at this time
to give facts and figures relating
to our growing wealth and enlarg-
ing production and corresponding
increase OF income. These have
been frequently referred to. If
these are protected, developed and
utilized, we need have no fears for
the future.
There will be temporary INTERRUPT
tons. recessions, and there will be
fluctuations, but the man of bust
ness courage with a reasonably clear
vision of the long future, pays little
attention to temporary hesitation in
business progress. He knows that
the current Of prosperity in the
United States Is so strong that even
though it may be occasionally modi-
fled by unnatural or unreasonable
instructions, this will result in &C.
cumulation Of volume and force
which win soon be overwhelming
and stronger than ever before.
Disaster Not Appraised.
The disasters OF the world war
are not yet appraised. The full cost
is not yet known. The final effect
will not be ascertained perhaps
during the life of any person living
when, the war closed. Preparations
have not been made, International
enmities are at fever heat. Govern.
nheHts have been overthroWn, stiIl
others have been threatened. Ma.
tons have become practically bank,
rupt. Multitudes Of men, women,
and children have been and are
starving. Even national money has
become valueless. European coun.
tries are drifting, perhaps some
toward the rocks of destruction. :
It is doubtful If our Government
can at present be OF much assist
ance in attempts to restore the equi-
vice or sympathy just now would
-
can be OF benefit only by example.
If the business men will do their
part and cooperate with the Presi-
dent and his assistants in conduct
ing their affairs in conformity with
the high ideals which we believe
the President, there is no
reason to fear there will be finan-
cial or commercial depression dur
ing the next few months.
Some Obstacles FOreeeen.
There are, as always, some hin
ORANGES to the natural progress and
in the United States.
These patent 20 everyone are the
turbulent conditions in other coun-
tries, already alluded to; the un-
high and burdensome
taxes, national, State and munich
pal; the high costs Of production,
in some lines unconscionable; and
the high costs Of living, measurably,
though not altogether, brought
about by those who complain the
most.
But there are many reasons for
confidence in the economic future
in this country, outside of those
which are basic and permanent, in
Guiding our enormous wealth and
immense yearly income. which in
creases as the years go by.
MEHKI AHE