The age-herald., 1901-05-12

owned by the company. He also stated In this connection that the company owns 6oOOO acres of Connellsvile coking coal land, and that in it's Iron mines. there are 5o0,OOO, GOO tons of ore in sight.
 He thought reasonable profit on this iron ore would be s2 a ton. Asked how long he thought these mines would be able to meet the demand, MT. Schwab placed the limit on the iron ore at thirty years and on the coal at sixty. Each or the constituent companies, he said, makes its own purchases and its own sales. Tn u word" he said, the United States Steel Corpornt ton Is a clearing house to which It's constituent companies so for inrorma- ton"
 He admitted that the company sells many of its products at a lower price In foreign markets than at home. saying the practice Is followed to hold the markets. The witness discussed the relation of the tariff to the steel industry at length, but he said that, upon the whole. he did not desire to have the tariff changed in any respect, considering 1t as entirely satis- factory as at present arranged. Asked for his opinion as to tho effect of the enactment of the Bahcock bill taking duty off trust-produced articles, MT. Schwab expressed opposition to it. He did not consider possible an international iron and steel combination regardless of all taiift restrtctions.
 Opposes Labor Organization.
 Discussing tho relation of capital to la- bor. he said that while he would not un- dertake to outline the future policy of the steel corporation, he did not endorce the policy of the labor organization as ip the interest of the laborinE man himself He f.. s,rra a fer that operators could share in the profits of the enterprises Instead of being detri- ment, he considered the big corporations as affording tho best openings for labor and enterprise.
 There were never such opportunities for brains as today" he said. 'Jf 1 were a laborfng man, as I once was, l should not want to belong to labor orzaniza- ton If employed by 6 properly-managed corporation like the Steel Company, for l would not want to be put on a level with the poorer workmen in the estab- lishment. The tendency Is 10 give the highest possible price for proper services. and no member of labor organization is in a position to avail himself of such disposition"
 He said that the average of wages paid now by the steel companies Is higher than previous to 1S92 The question was not one of wages, butt the management of business with which the labor unions wanted to interfero
 Mir Schwab expressed himself as op- posed to the publicity of the accounts of corporations, and said he had no les1sia- tion to suggest for the regulation of cor- porations
 Tn conclusion MT. Schwab saio he could see nothing but good to result from busi- ness combinations He considered them of value both to the investor and to la bor. and thought they were calculated to extend business.
 <><<-~~->~<-<e< <<-><%<- attack was threatened until the glass be; gan to crash about his ears. Fred Wolfe the proprietor. knocked the girls down with his fist and pitched them into the street. Miss wilhite's brother came to their defense and Wolfe struck him. mak- ing a long gash on his face from which the blood flowed freely. In the melee the wrist of Miss Peoples was broken. The police arrested tho girls and lodged them in the city jail