Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-11-07
His Reckless Expenditures Aston
lsh All Europe.
JUST THROWS MONEY AWAY
One OF Ills Strange Pendants IL Spec
cial Trains-Is Called "Ihe Mad
American"

London, Nov. 6,-Charles Schwab
president of the United States Steel
company, is now cruising about the
Mediterranean and for the time being
AT least can indulge in eceentricilies
without alarming his friends or fur
nishing gossip for newspaper CORE
spondents.
An England is gasping with astonish-
ment at the tales which come from
Rome of the doings of Mr.. SchWaD.
His reckless expenditures form one OF
the chief topics Of discussion In the
continental papers which are arriving
here,
The accounts OF Mr.. Schwab's queer
doings are supplemented by a letter
received by an American from a friend
I'm Rome who has been close observer
of the steel millionaire's actions, rms
letter says that Mr.. Schwab's reckless
generosity has so excited the ltalahs
that half the beggars Of the Eternal
CITY ham about the hotel at which he
In having $50 a day for his apartments.
IL adds that he seems never TO rest
When not charterlng special trains al
fabulous prices. he Is dashing about
the streets at breakneck pace accom-
panied by his wife, his secretary, MS
physician and a masseur In addluon
To purchasing two new automobiles OF
the most expensive pattern, ne mas pald
n 600 for a small statuette. He has been
altogether so profiigate In his eXpendl-
lures that even the greatest spend
thrifts of Europe are wondering These
peculiarities are said to be causing the
greatest concern among the stockhold-
ers Of the steel trust
The letter NJ 70 red 10 says II Is UNI
ierstood In Rene that Mr.. schnn
have an inter,leW with Pope Leo and
that he is planning to donate a large
sum to the church.
In conclusion the letter says:
Am afraid Mr.. Schwab Will not ex-
perience a rapid recovery His friends
and attendants are under a great
strain, owing to his incessant reckless
ness. | understand he may be taken TO
Egypt or even around the world In the
hope that change of scene Will prove
beneficial. He is throwing money away
IKE water.
italians never met such man, and
professional beggars regard his stay
here as the chance of lifetime. II Is
even doubted here that he Will retire
wealthy. When he appears in public
be attracts almost as great crowd
rs the king himself. He Is referred to
everywhere as the mad American.
The continental papers comment on
Mr.. Schwab's fondness for special
trains. 1t is said that this has become
, habit with him, and that he has one
IN every occasion waiting with steam
ap to bear him TO some point which he
wishes TO reach In hurry, He never
questions the cost and pays on the spot.
Il is said here that the steel king viii
remain in Europe until April.
Mr. Schwab, according to message
from Rome, chartered a steamer to
lake n ride on Lake Como. Up and
Town the lake the steamer was sent at
hill speed. He grew weary of this
sport, went ashore and hired car
,lage. For an hour he drove at rapid
rate then he decided TO get another
steamer. He chartered a new one and
,ook another ride for an hour
Another carriage ride and then spe-
,lal train was In order He wanted to
20 TO Milan and the train was FUR
nshed TO him for $500. He sent
check, however, for $4,000. The rail-
road officials returned all but $500.