Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1902-02-17
BIG FIELD FOR TRADE
ESrsTs 0ffsn GsOi Market for American
Pr,dSst, asyS sOhwab.
lTEEL KING RETURNS HOME ELATED
Finds Friendly ssd Inquiring Sentiment Tor
Yankss Industries
MEETS LEAs a. FINANCE AND TRADE
Rsasssrts sistsnsnt " Expressed ~
70 Basis Of osmbi.
MEETS LEAa H. FINANCE AND TRADE
MAS GREATER FAITH IN STEEL y AM
More Than Ever Ready TO show that
Greater the scope of Combination
Greater Room for Reduc-
tion in Price.
Expressed a.

NEW YORK Feb. 16.-After an absence
of nearly two months in Europe, Charles
NJ Schwab, president Of the United states
Steel corporation, arrived this evening on
the st. Paul He comes In time to attend
the annual meeting OF the stockholders OF
the corporation, which is TO be held to-
morrow in Jersey City.
Mr. schwab visited England, France, Ger
many and Austria, coming everywhere In
The closest touch with the leaders OF finance
and manufactures. He returns, as he him
self expressed to the Associated Press to-
night, more than ever impressed with the
scope and possibilities Of the great cor
poration of which he is the head. and Of the
United States in its relationship with thsN
trade OF the world.
Mr.. schwab declined to discuss the per-
sonal details of his trip. He said he pre-
ferred to speak as the president Of the
United States steel company.
Europe Entirely Friendly.
"I went away" he said, "for a vacation,
and while / had delightful time, l also
did q great deal OF work. / found the ut
most friendship for our country existing
everywhere In Europe. found also great
interest in the Industrial combinations, the
business men on every hand wishing to
know more about our methods.
1 was privileged to meet the greatest
men of the European world of finance ana
manufacture and the great minds OF eco
nomic thought. was surprised ana ue-
lighted to find such tremendous interest in
our great undertaking and with the cordlai
reception given everywhere TO the oresioen'
1 said in a speech delivered in Chicago
that any combination Of business ente..
he redietion OF cost and the Increase OF
output is placed upon false basis and l
Tssrsn moTs ,haS rom even %y with the truth
of that proposition.
I come back with my ideas broadened
fore l have looked upon our great combina-
ton of the steel industries of this country
business b. nes Venture H Of great magnitude. but
nfseF 9sAEP hs yfTs ma 1t hs tsst Rpi1nss naye
II anything, underrated our undertaking..
We are now more than ever ready to
demonstrate that the greater the scope
biiities for economy and consequently the
greater possibilities for the reduction Of
have our great plants equipped and manned
TO perfection and no care or proper expense
be spared 70 keep PPonf hae
skill and enterprise can reach.
OLD World IN Curious.
while there exists in Europe the greatest
feeling of friendship and admiration for
America and Americans. l found also a
degree OF curiosity and uncertainty as 70
what we are going to do next. But. as
told them, they have their own proteeuon
after Is trade In the great common nelo
OF China and the orient generally. This we
want and this we are going TO get
In order that we may do so, however, We
look 10 congress TO make provision FOL
the protection of our shipping. we VIII
look after the manufacturing.
Speaking as the president Of the Unltee
on the people here that throughout England
and Europe there exists no feeling q
ennnity among the great men ana my vlsi
abroad this year was notable in the changt
found that when !, who had been s.
often before as an individual, presented
mvseIf as president of the United States
Steel corporation was the center OF curl
osity among inquiring men OF all nations
who Sought to learn more OF our methods
and our plans.
Mr.. schwab said he preferred not to an
ticipate the proceedings at the meeting
The United States Steel corporation tomor
row.