Business & Finance: Oh Yes!

"Oh no," he reiterated in his sure, firm voice. "Oh no, wages in the steel industry are not coming down!"

But President James Augustine Farrell, onetime wire drawer, dictates the financial policies of United States Steel Corp. no more than did the late great Judge Elbert Henry Gary. The Ruler of Steel is its finance committee. Member John Pierpont Morgan was absent in England when Steel's finance committee met last week in the unadorned Steel Corporation offices at No. 71 Broadway. But present were his partner Thomas William Lament, Committee Chairman Myron...

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