This is a report given by Elbert H. Gary, president of the American Iron and Steel Institute, in which he discusses the state of the industry in 1911. Gary speaks about the role of regulation and government intervention in business, and argues that the steel industry should be allowed to operate freely. Though the report is focused on a specific industry at a specific time in history, Gary's arguments about the role of government in business are still relevant today.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.