Show I STEEL TEEL TRUST MAN OF RECOVERY E. E H. H Gary Says Business Conditions Conditions Conditions Con Con- Are Sound and Predicts Predicts Pre Pre- diets Early Resumption tion I BV BY Y THOMAS THO C. C rl Now No O York Feb Iob 4 It It It probably Is Is isa I a t- t JI b C cn more n or l r. r c Pi CIl r l 1 J 11 h r r ir H. Gary O tl i States St ei corporation to toay ola Jay This rids hits bus resti resulted In Iii more or less Jess harm barm to financial conditions There has been Leen extravagance In the issue of securities and In the thc prices of securities and In Inthe inthe the tho speculation in them Judge Gary Garr stated also that he lie had hall no doubt that aggregation of wealth if placed in the hands of dishonest people peo pen pic plc would furnish greater greatel opportunities ties tics for COT harm nut Hut In spite of or the unpleasant features Sea Sea- tures of or the tho situation Judge Gar Gary says say the tho fun fundaments of business of or th this thiR countr country aro are sound anti and he ho believes thoro thoro- will vIll be an early oarl resumption o of business Ills belief In a jJ speedy re recovery recovery re- re er co covery Is based on tho the extensive edge of oC the tile situation which his position post post- position tion in the steel trade tiarle furnishes hes him As though in 10 confirmation of his e x cx- pre pressed l views he lIe received this morning a telegram from Crom ono one of oC the great rl roil roil- ll- ll roads making Inquiry for Cor ton toils of or steel stell rails to be ord ordered Immediate Immediate- I ly This Tills order probably will be d dIn In a few Cew days and will be the first 1 om ont of Importance received b by the stee companies since the tite dispute between tile tho railroads and tho the cu cut cutoff oC off all rail production la last t ye year r. r The roads are 1110 all in to urgent ent need of rails anti and it will need an Initial order by byone byone byone one one Important road to start tart a rush rusl from all railroads of oC the tho country What hat hat do eln you 1011 think 1 of the tho present outlook fOI for business r l 1 think It is hopeful was the an an- hn has Ims not Increased inci in largo large volume H- H I yet There has how- how over n been some substantial I The fundamental ss conditions of th the tho country are sound Mound Wo We Yo need some financial legislation hut hill th this Is the richest c country In iii the world and the largest sl In production The balance of oC trade In III favor avo I of or this thi country countr during 1907 was probably over o contrasting lIn very favorably favora om hl bly with some gOme other 01 very wealthy countries Th Then n wo Iwo produce largely largel necessities J while so o far fa faas al' al as wo we weare are aro con con- cornet corned other countries pro produce uce more luxuries Our people with people with a little economy econ econ- omy orny for a period of oC 12 months will have tavo sufficient Clent mon money for all their re requirements to- to of good hll business ln ss |