The Providence news. (Providence [R.I.]) 1891-1906, 1901-03-07

n GREAT deal Of surprise has
IN o.on eAprcssed ovor the re-
S."' ,,ssIy s'sssssS ss.ssma s' 'nd.SiSaa sS%Sass
Mir. Charles NJ. Schwab'-to
ths presidency of tho greet "billion COL
lsr steel ,f.u.t," tho largest aggregation
of Industries and combined capital the
woria nss ever seeI. Mr.. schwab'g an
ruei sslstN. is now sf0lCoD The sur
prisc. however, is cDrfiEcG 10 tnose VINO
nre ,,neonuai,,sed with the personality
az ~. fortunate individual and the se-
,ra, surIngs 90 success oVo- which he
has had ccnrand for the few years
pasi. Those who wFre ''irs,ds this 81
gantlc deal, who were iniofmsd ol az
the steps which have led up 10 ms eie-
walton. looked upon MS 9.ohot'oh
IaucA as o master Of course.
The .ntereat Of the people q; large In
the career OF :his yourg man OF Ss, VINO
Only Fl years ago Was working TOT
dollar q day, IS purely impefscnai' YET
intense. We would like Co be Informed
re 10 che processes necessary for ad-
v,nccsasnt from obscurty TO world
vide prominence; from relative poverty
10 Naalth which. 10 use the well worn
.!mile. IS reu.iy beyond the dreams OF
avarice II ~ very encouraging ~ ths
generality cr inan 20 find that the rules
are vary simple 0nd. ipay be found
".g.i: ia.sc" MT culy in - briei but
netsoria career OF MIR. Schwab, but IN
tha: of every captain OF industry"
who has MADE his mark In America for
the pasr half century aad more. :.
n might have been found contained
in certain news Item which appeared
ir the daily papers when tho vast ne
ROTATIONS were mereiy in their iorma-
tive stage and which WAS 20 this effect:
"Pittsburg.. Charles M Schwab' presi-
dant of the Carnegie company, arrived
j. here this morning from New YORK and
was IN conference most OF the day with
the heads of the departments OK the
Carnegie company II is reported that
Mr.. Schwab secured from these officials
statements giving the approximate val
uations. the capacity FOR production.
the number ofSemplcsees and other de-
tails about their departments. IL was
further learned that a summary OF
these statements was taken back to
Mr. Carnegie by President Schwab, who
returned TO New York tonight and viii
se made the basis OF the valuation at
which Mr.. Carnegie rs 10 part w:th his
stock"
II does not need mind of extraordi-
nary acuteness 20 read between the
lines of this transaction twhether ac-
tual or merely reputedl the secret OF
his success If not perfectly apparent,
then II may be found in one of his own
statements recently made in an inter-
view: 'Nery early made UP my nina
60 make myself Indispensable TO my
employers instead OF continually look
ing at the clock. Employers appreciate
- fnA "A
work as If they were working for them
selves. once a week -every Saturday
Il have the heads of the various de-
partments, upward of 40, take luncheon
with me. During the meal not word
OF business IS permitted, but after
luncheon we exchange ideas. ON Mon
day these heads of departments call
their men together and have similar
meetings. An employer picks out his
assistants from the best informed, most
competent and conscientious men,"
Here. then, is the whole matter in
nutshell--thorough equipment and
knowledge of ones business right al
his fingers ends. IL was this equip
ment and system that enabled MIR
Schwab to visit Pittsburg I'm the morn
ing. assemble his assistants, gain the
Information necessary for the consum-
nation of the most stupendous deal or
record and return to New York with il
that same night.
IL goes without saying that such ex.
ceptional opportunities as have come In
the way of this new king OF steel rare
" happen in the course of an ordinar,
lifetime; but, all the0same. the differ
ence between his career and the aver
age one Is merely relative. For the en-
couragment or the hitherto unsuccess
ful ones let US quote again from Mr.
sehwab. who says: There were neve