Evening star., 1940-01-27
Steel and Railroad
Leaders Cheered by
1910 Prospects
Equitable Life Chief
Scores Federal Curbs
At Chicago Dinner
BY the Associated Press.

PITTSBURGH, Jan. Zf.-ExeCu-
tives of railroads and steel firms
from coast to coast. hobnobbing at
a gala banquet here, looked ahead
to good" earnings for the first
quarter of 1910 and generally were
optimistic about business prospects
throughout the year.
A dozen tuxedoed presidents,
among 1900 industrial officials at
a Pittsburgh traffic club dinner last
night, aired their opinions between
servings of breast of guinea hen
eugenie and kuroki salad
Guest Speaker Thomas L. Parkin-
son, president of the Equitable Life
Assurance Society. struck at Gov
ernment regulation of industry,
declaring the Government should
be mot the master. not the boss
but should fall in line behind busi-
ness where it belongs, and follow
it." Parkinson interpolated that he
considered himself good Demo-
crat.'
Confidence Held Need.
Toastmaster J. L. Perry, presi-
dent of the Carnegie Illinois Steel
Corp, averred that "all we need is
confidence. Confidence would lead
us to reasonable prosperity so we
wouldn't have to depend on wars,
which we deplore."
Patrick H. Joyce, trustee of the
Chicago g. Great Western Railroad,
remarked that Lewis statement
makes us very happy and fills us
full of hope"
&C. I. o. Chief John L. Lewis told
the United Mine Workers Conven-
ton at Columbus, Ohio, that a
third-term attempt by President
Roosevelt would result in ''ignomini-
ous' defeatD
G.. A. Blackmore, president of the
Westinghouse Air. Brake Co., felt
that business is bound to be good
and better, particularly if we can
avoid active combat in war-which
we can and will
George T. Ladd. president of the
United Engineering g. Foundry
Co., said it was risky to comment
under the present political situa-
ton" and that he hoped for 8
change of administration.
Other observations:
c. E. Denney, Northern Pacific
Railway: 1--WE anticipate that oul
earnings this month will be 10 pei
| cent ahead of last January"
R. l.. Williams, Chicago g. NORTH
Western Railway: Were opti.
mistic for the first quarter. Be-
yond that we don't care to indi.
| cate"
Hail Good Outlook.
FIJI. Gavin, Great Northern Rail.
way: "Out in our country (St
Paul, Minn.) things look prett.
good. We feel everything Is al
right"
H. A. Scandrett, Chicago, Milwau'
kee, st. Paul & Pacific Railroad
I'VE feel our business for the frs
three months will be better thar
the corresponding period Of las
year, but I won't hazard a guess a!
to a longer forecast"
c. S. Belsterling, United States
Stel Corp: I'VE look for better veal
and more even production, insteae
of wide fluctuations. All indications
point to greater carloadings all ovel
the country
Charles T. O'Neal, Chicago 8
Eastern Illinois Railway: "Busines'
is very promising in our territory
Our freight carloadings and passen'
ger traffic are up and our coal bust
ness is good
w. S. Franklin, Pennsylvania
Railroad: "We look for better veal
in 1910. We think both freight anc
passenger business will be better"
Charles j. Graham, Pittsburgh &
West Virginia Railway: We'll have
a very good first quarter and all ir
all it should be somewhat better
than 1885,"