New-York tribune., 1901-11-16
ssCHWAB ON MARINE, TRUST.
1T WOULD BE GREATEST OF ALL. HE
THINKS.
PRESIDENT OF UNITED STATES STEEL CUR
PoRATIoN SAYS IT WOULD HELL h0
LIsH A GREAT MERCHANT FLEET

TIs1 A GREAT MERCHANT FLEEt.
The ninth annual meeting Of the socie"s y
Naval Architects and Marine Engineers - -
with dinner last night at Deirnonlco G
were laid for one hundred and hfty Ileii'e
- -. oe tho cluh representing marine anu
shipbuiiding interests from all sechoiis -
co,,rrrv Lewis Nixon acted as toasunas'ei' -
,o,pia+,,re varship of flowers formed the celi'ie
niece at the guest table. Among the sueS''
ent were Charles NJ. Schwae presloei' "a
United States Steel Corporation; cong 81
I,,r 10 ,ra,,-Jersey. Congressman Henry M
fSoldfogle Of New-York; Rear Aoliillai D0
Cantain Tchernogowski and oberln smith
Admiral Bowles the first speaker expressed
his confidence in the future OF shlpoullUi7 ~
the greatest of American enterprises
Charles NJ Schwab was the principal 'Pe
He kept the guests in uproar by his WI. anu
os b,,,oor He told several funny incidents
of b;s work 70 gain prominence in the world OIL
finance.
..Tf Won we're to ask me about Steel SAID ne
.I might say something interesting, but II F'u
should ask me about billion dollar steel Il uss
i might tell you something more lli'ei
Mr. Schwab then told Of the trouble ne hau iiH'c
s., yetting out the first order for the Cll'eU
States for armor plate
..It seems to me that the greatest Hust 'i'a'
couId be formed would be one Of shlppuiiuei .,
IT would certainly be a trust OF Drains anu
capital If you should decide 10 form -,
and need a promoter, still on earth WIZ"
the great aggregation of capital In 'ne iiiei-I -
! ,+,,,.o ne steal and the belief that the SIeei
--,,st leens the prices up, want TO say 'ia'
-b., ,,ou are ready to build q great nleFchaii'
marine YOU Will find the Ohl'eu
Steel CORPORATION on hand to compete WAN
steel corporations of the world, ana tneiI ~
won't be the highest. 1t is my hrrh peiieA ~
the United States will soon conlrol 'he
r,ercial trade of the world Ii costs 'iie ~
eien manufacturers as much to ship tlelr piou
pct to this country as it does for Us to turn pig
iron into steel. We can give you tle hi' 'ei ~
as cheap as any concern in the world
Joh Hedges followed Mr.. schwab, and kept
the guests in a roar of laughter Tor seNerai HIN
utes. In beginning his toast, Mr. Hedges Salu'
ssTouchin' on and appertainin 70 the great SUI
iect under consideration to-night-steel-l VIII
sav that there has been consideribl bic of 1t gong
on about this city for several years But Few
.days ago We decided that We had enough OF IL
CONGRESSMAN Goldfogle pledged his best e1-
forts TO the shipbuilders in his stay in Congress
Charles n Fowler of New-Jersey, spoke in
= like vein. Speaking of the great comblha-
tions of capitaL Mr.. Fowler said that IL was as
inossible to stop trusts by legislation as il was
to move the heavens 4 believe that these III
stitutions," said MIR. Fowler. will result IN
commercial socialism. They should not be
crushed They Go d great good They are here
to stay.
The feature OF yesterdays session oS the meet
ing was paper by Naval Constructor H O.
Gillmor, L. S. N, on "A Brief Comparison on
Recent Battleship Designs" The designs chosen
were: Great Britain, the Duncan; Germany.
the Wittelsbach; Russia, the Berodino; Italy,
the Vittorio Emmanuel: Japan. the Mikasa,
and the United States, the Virginia The paper
in part said:
To establish a basis for this comparison. 1t was
propoSed a vessel whose dimensions were
those OF the largest vessel under coLsiaerauon9
with the features Of armament. protection, speed
and coal supply reduced TO the minimum Sucn
vessel would represent the extreme limit 10 Which
it is thought possible 10 reduce the seveTal eie-
as feet long rs feet broad having speed OF egh-
teen knots normal coal supply OF go tons: bat
twelve I-pounder and six s-pounder guns. FINCH
water belt line, feet wide, extending two-thlros
the length Of the vessel, supplemented by linen
nickel steel plating, surmounteo by a shofter peII
& inches in thickness, with few other details OF
minor importance. The order Of merit OF the oe-
signs. expressed percentage basis, was found
saR' sah' 7''' "''''--' -''
An animated discussion followed the reading
of this paper those taking part being Rear Ad-
1niral Francis T Bowles Professor Reuber
naval attachs TO the German Embassy; Lieu
tenant Commander W. P White and Lieutenant
w C Chandler. Other papers were read by
Charles P. Weatherbee, Captain e 3. Babb1tt
u s N; Assistant Naval Constructor w G.
Csroesbeck Edwin A Stevens and j. T. Meigs.