The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1923-05-25
CARY REP OR IS
8-HOUR DAY
VIEWS
Declares Reduction From IL
Hours Will Raise the
Prices of Steel.
Continued from First Page,

Continued from First Page.)
had less strenuous day than the
eight.hour men because Of the fire.
quent rest periods they enjoyed.
Gary also pointed out that In.
vestigation showed that institution
of an eight hour day throughout all
the branches of the steel industry
would increase the cost of steel
about Is per cent and that this in.
creased cost would have to be
passed on to the consumer.
Limited Only By Workers.
The steel industry, said Gary, is
operating nearly to full capacity and
is limited only by lack Of working
forces. Untitled orders. he estimated,
are not less than 100000 or 49,
600, 600 tons, with nothing in sight
to indicate q dimunition of the de-
mand for steel during the next six
months.
A cloud on the otherwise bright
sky, Gary pointed out, was the re-
cent deliberate and persistent at
tempt to create the impression there
will be in the near future a substan-
tiaI recession in business activities"
This propaganda" he declared,
lis inspired by a few short-sighted
persons who do not seem to under
stand that If they could succeed In
wrecking the business structure they
would themselves be buried in the
ruins"
High wages have slowed up build
ing and postponed many projects,
Gary said.
LAS. a matter Of course" he added,
"the public will soon discover that
extortionate prices for materials or
labor must eventually be paid by
the consumer"
Prices at Right Level.
Steel prices, he said. were at
about the right level" and should
be prevented from going higher.
Gary suggested that the present
situation in the Ruhr valley be
submitted by the three nations in
volved to "a disinterested and i'm
partial foreign nation" or to such
man as Secretary Of State
Hughes"
In the latter case, he said, there
would be prompt and early de-
cision-fair, intelligent, and just, and
one that would command the re-
spect of all nations including
France, Germany and Belgium"
OF the people of many nations he
saw on the Mediterranean trip Gary
said he found every one of reason
ing qualifications" thoroughly tired
of war.
"The reasons are not the same but
the conclusions are nearly unanim-
ous," he said. THE masses Of people
believe that they have been exploited
by a few in power and that they and
their helpless children unnecessarily
have been made to suffer and die"
When one considers the wealth,
resources, increasing production and
purchasing necessities of America,
the present business outlook is good,
Gary added.
"And this is said" Gary declared,
lin the face of heavy burdens of
taxation, unreasonable political and
social agitations by those who have
nothing financial at stake, I'M
fortunate troubles pending in for
eign countries, and the bugbear of
politics"
Gary gave these views at the
annual meeting Of the American
Iron and Steel Institute of which
he is president, commenting on the
Industrial outlook here and abroad.
Raps Congress Pessimists.
ut must be admitted" Gary said,
that if one reads the Congressional
Record when Congress is in session
there is some room for discourage
ment."
Visits to rooms of Congressional
committees where may be found
organized minority groups urging
propositions that have no merit,
many of them with destructive ten
denotes, also darken the horizon,
he asserted.
But, if one will turn about
face" he said, land leave these
circles of dependency and go out
upon the farms and in the manu-
facturers and along the transporta-
ton arteries and into the active
mines one is compelled to conclude
that the constructive forces of the
United States are so great by COM
parison that the small standing
army Of pessimists cannot for long
or to any great extent interrupt
the onward march Of business
activity"