The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1902-02-21
Mr.. SCHNAB HAS RETURNED
HEAD OF THE STEEL TRUST
He Has been Spending Two Months la
Travelling over the Continent aud Eng
sisssT-Hs Is Highly Impressed With
the oatloek-fo Build Larger Plants.

New York. Feb. 17.-charles NJ.
, Schwab. president OF the United
! States Steel corporation. has returned
from Europe on the American liner
ST. Paul. after an absence OF two
months spent in travel on the conti-
nent and in England He was accom-
panied by his wife and sister and
was greeted when he landed by his
father and mother. Mr.. and Mrs. j.
Sehwab; his brother Joseph Scwab.
and a large party OF friends.
Mr.. sehwab returns. as he himself
expressed TO the Associated Press.
scope and possibilities OF the great
corporation OF which he is at the head
and more than enthusiastic with the
trade and commerce OF the world.
Mr. Schwab declined 10 discuss the
personal details OF his "trip. He said
he preferred TO speak as the president
Of the United States Steel corporation.
Il went away for vacation" no
said, "and while | had a delightful
trip. also did a great deal OF work.
found feeling OF the utmost friend.
ship for our country existing every
where in Europe. | found. also. in-
tense interest in the question Of indus
trial combinations. the business men
ON every hand wishing 20 know more
about them and more about our meth
ods.
Il have been privileged 70 meet the
greatest men In the European world
OF finance and manufacture aud the
great master minds OF economic
thought. was surprised and delight.
ed TO md such tremendous interest In
our great undertaking. and with III.
cordial reception given everywhere TO
the president Of the steel corporation.
Il said IN speech delivered in Chi
nago that any combination Of business
organized for other par.
POSES than the reduction Of cost aud
he Increase Of output Il placed upon
! false basis. and | return from my
fislt TO Europe feeling more than ever
impressed with the truth Of that pro
'osIiIon. Heretofore I have looked
Ipon our great combination Of steel
Industries Of this country as perhaps
lothlng more than an ordinary buzi.
less venture Of great magnitude. but
fter hearing the views Of business
men OF the old world | fird that I
- N
ertaklng
I'VE are now more than ever ready
0 demonstrate how much greater IL
be scope q the Combination. tho
reater the possibilities for economy.
nd consequently the greater the pos.
Utilities for the reduction OF cost.
Win these objects In view. We must
ave our great plants equipped In a
tanner nearer to perfection. aud
o expense must be spared to keep
iese plants modern and MT the high.
u point that ingenuity and skin and
nterprtse can reach.
while there exisss In Europe the
-catess feeling Of friendship and adj.
iration for America and Americans.
also found a degree OF curiosity and
az TO what VIC are going
do next. But. as told them. they
I'VE their own protection at home in
eir laws. what we are after IL trade
the great common field such as
lina and tho orient generally. This
e want and this we are going 10 get.
order that we may do so. however.
3 look to congress to make provis.
n for the protection Of our shipping.
Q will look after the mannfactur.
&.
Speaking as the president Of the
iited States Steel corporation. I
sh to impress upon the people the
It that throughout England and Eu.
pc there Is no feeling OF cnmity
Iong the great men; and my visit
road this year was notable In tho
ange I found In their demeanor
ion ! presented myself as the presi.
ut Of the United States Steel cor.
ration. which. as the greatest OF
1erican cancellations. was the cen.
Of curiosity among inquiring men
all nations, who sought on every
nd to learn more Of our methods
J our plans"
Ir. Schwab said he had no right 10
iicipate the proceedings at the meet.
OF the United States Steel corpor.
on.