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Show BUSINESS GOOD; WAR DEBTS SHOULD BE PAID SAYS GARY Prosperity is here and business generally is getting better and better according to Judge Elbert H. Gary, chairman of the United States Steel Corporation, in an interview given to the public recently. Declaring that world conditions were encouraging, Judge Gary said it was "impossible to understand why a nation should refuse or for long neglect to acknowledge the whole of its debt, or fail to pay it whenever and so far as it may be able to do so with a fair and reasonable rea-sonable rate of interest." Judge Gary's prophecy supports that given out recently at the meeting of the American Bankers Association in Atlantic City. Referring to American condition he said: "The imperative demands of consumers are large and increasing. increas-ing. The seeming necessities are immense. Notwithstanding the producing pro-ducing capacity of the country has doubled, or more, within the last ten or fifteen years, the present operations,1 are about 80 to 85 per cent, of capacity on the average. "Business conducted on sound, logical, moral and legal principles princi-ples will receive the approval of rightminded people of all classes. It must be acknowledged there are, many persons receiving much more for goods or services than they ought to demand, just at the present I time. This does not apply to iron and steel manufacturers. A medium ' between the basis of prices we are receiving for what we sell and the prices we pay for what we buy would be about fair. , I "The country is all right. In some respects the world's outlook today is the antithesis of that of ten years ago. Then there was raging a bloody destructive world war. Now peace predominates; indeed, it is almost complete. The seeming disposition of the leading men of all j nations is tending toward harmony of action. This means a higher level of morals, a decrease of crime and poverty, and increase of comfort and happiness. We have reason to be grateful and we have reason to hope and expect great prosperity. We should always be prepared for emergencies or depressions, but we may courageously and steadfastly pursue our business course with the expectation of succeeding to our reasonable satisfaction." |