The sun., 1902-02-17
SCHWAB OF U. S. STEEL BACK.
FOUND EUROPE CURIOUS ABOUT
BIG CORPORATION.
King and kaisers wanted 10 See the Head
OF n-Europes steel Men Not Hostile
Told That Their Home Field Would
Not he Invaded But the New Coun-
tries VIII he When We Get the Ships.

Told That Their Home Field WOuid
Not he Invaded But the New Coun-
tries VIII he When We Get the Ships.
Charles M. Schwab President Of the
United States Steel Corporation, who sailed
from this port on Dec. 20 on tour Of recrea-
ton In Europe, got home yesterday with
his wife, his physician, DR.. Goulding, and
several friends, including Charles
Schoen Of the Pressed Steel Car Company,
aboard the American liner st. Paul. MIR.
Schwab suffered somewhat from seasick-
ness during the several days the st Paul
was pitching and rolling in gale-swept
seas.
Il had a very interesting six weeks, said
Mr.. Schwab. Il went away from here for
a vacation after hard summer and hard
falls work since the formation Of the
United States Steel Corporation. How
ever, when / arrived in Europe found
there were SO many avenues open in which
l could gather valuable information that
VIII at had intended to be only a pleasure
trip turned out to be instead OF holiday
six weeks Of continuous opportunity TO
gather important information. OF which l
availed myself.
Mr.. Schwab was asked about his audi
ences with the King Of England, the German
Emperor and the Emperor Of Austria.
Il did not consider that l was received
as Mr.. Schwab," said he in answer to the
question, but took it that they received
the President Of the United States Steel
Corporation. found that all over Europe
wherever I went there was the greatest
curiosity In regard to the corporation among
the men who are interested in these matters,
and all Of them are watching its course
with attention. In all the countries
visited / could not find that the men OF
affairs regarded the corporation with ami
mostly or with Ill feeling, but ] did find
that all Of them had the greatest interest
in its plans and objects. None Of them
seemed to be unfriendly. Many OF them
we're full of wonder as TO how so large
corporation could be managed successfully,
and all Of them asked questions about the
manner in which it was organized and the
way in which il conducted its business
did you find that they feared that the
corporation would try TO take away the
trade Of the steel companies in Europe.
or that if such an attempt was made by the
corporation, it would be successful?"
NO. said Mr. Schwab, and told them
that the corporation had no intention of
invading the field in which foreign COM
panies are operating. l told them the cor
poration had no such thought, let alone
any such plan. / did tell them frankly.
however, that the corporation was in busi-
ness TO compete for any trade that was TO be
had in the new countries, especially in the
East and in South Africa.
Il told them also that thought that be-
cause Of the improved methods and the
vast economies that are poscible through
the cooperation of 80 many companies
under one general direction, 1t would he
possible for US to get the trade. j said. too,
that il we did not get II 1t would be
the fault of the United States Govern
ment for not giving us the ships to carry
the goods 10 the countries where they are
wanted. We look to Congress 10 make
provision for the protection Of our chipping
We will look after manufacturing
Il said in a speech delivered in Chicag
that any combination OF busin ess enter
prises OF ganized for other purpose than the
reduction OF cost and the increase OF out
nut is placed upon false basis and re-
turn from my visit TO Europe feeling more
than ever impressed with the truth Of that
proposition l come back with my ideas
broa dened and my enthusiasm unbounded.
Heretofore l have looked upon our grea t
combination of the steel industries of this
country as perhaps nothing more than an
ordinary business venture Of great mag
nitude, but after hearing the views of the
business men Of the Old World find that
l have. II anything, underrated our under
taking.
we are now more than ever ready to
demonstrate that the greater the scope
OF the combination the greater the possi-
bilities for economy and consequently the
greater the possibilities for the reduction Of
costs. With these objects in view We must
have our great plants equipped and manned
TO perfection and no care or proper ex-
pense must be spared TO keep those plants
modern and at the highest point that in
gcnuity, skill and enterprise can reach"
Mr.. Schwab W i'll attend n meeting OF tho
directors OF the United States Steel Cor
poration to-day.