The New York Post excerpts syndicated columns Lou Gehrig wrote during the 1927 season. They are from the book, Lou Gehrig, the Lost Memoir by Alan D. Gaff. Gehrig squashes any thought of bad blood between himself and Babe Ruth:

I owe much to the Babe. He has advised me and taught me and helped me more than I can tell. At times during the season, when I was leading him in home runs, the opinion prevailed that there was a feud between Babe and myself. Nothing could be further from the truth. When I would hit one, Babe would be the first to congratulate me.

NYPost.com

That was written a few days before Ruth would set the single season home run record for the fourth time.