The Jennings daily record., 1902-12-23
WEIGHT OF TRUST DIRECTION.
A Explanatlen Of the Bresking Down
Of SchWab's Health.

WEIGHT OF TRUST DIRECTION.
Of schWab's Health.
Recent reports from italy concern
ing the condition of Mr.. Charles NJ.
Schwab. President Of the Steel Corpor-
alton, have revived discussion of the
question whether the responsibilities
weighing upon the chief officer of one
of our great Industrial combinations
are not so heavy that no man can safe
ly carry them. Doubtless the reports
to which we refer are exaggerated.
We presume that Mr.. Schwab is seek
ing in his own way the rest and change
that he needs. and We hope that he
will return a few months hence in per-
feet health. The question. however,
whether robust. young and we'll
equipped man, thoroughly familiar
with all branches of some important
industry, must succumb to the weight
of the responsibilities of direction,
when placed at the head of a great
combination of corporations engaged
in that industry. is one of much i'm
portance in the United States at this
pointed out the evidence tending to
show that these responsibilities were
not the cause of the breaking down,
be it temporary or permanent, in this
instance.
Mr.. Schwab had risen rapidly and by
sheer merit to the high position he oc-
cupied when the corporation was
formed At eighteen he was a poor
young man. working for 81 day; at
| twenty-five he had become chief engn-
! neer of the great Edgar Thomson
| Works; seven years later he was Pres
ident of the Carnegie Company, and
had shown great ability as an admin
| istrator as we'll as an expert engineer
and constructor. But he was still liv-
| ing in simple way, devoting his atten-
| ton to his business. The purchase of
| the Carnegie Company and the forma-
| ton of the corporation served to ma
! terialize the great fortune that had ex-
! listed for him in the Carnegie concern.
| At the same time his election to the
presidency of the corporation. with the
accompanying extraordinary salary.
brought him prominently before the
/ "a
| living and availed himself OF some
what exciting, but otherwise unobjec-
| tionable. forms Of amusement. His in
| tercourse abroad with eminent person
| ages. and at home with wealthy men
who had long been accustomed to the
| exciting life to which he was compare.
| lively stranger tended to cause a
| revolution in his ways. His environ
ment had suddenly undergone great
| change. and he was not prepared for
it. He began to interest himself in
numerous projects outside Of the bust
| ness of which he was a master. The
plan of a palace on Riverside Drive. to
cost $3.OO0.OO0 or S4.Oo0,OO0 the pur'
chase of a large piece OF shore front on
Staten Island, with the purpose OF es'
tablishing there Il large charitable in
stitution: the acquisition of Il tract on
the shore of the Sound for Il country
seat; the purchase of the Bethlehem
Iron Works: his interest in the Stee
Foundries Company, and other similar
organizations-these and other ven
lures of the kind required his atten
ton. Taken together with his new So
| clIl uutltS dLu UluuSeiuelltS. .iuNt N1tA
the work appertaining to his office
they were Il heavier burden than he
could carry. In protest against the
overweight his fine physical and ner
vous organization broke down. de
manding relief and rest This appears
to be the true explanation of the illness
of the head of the worlds greatest cor
poration. We presume that if he haG
remained at his home in Western Penn
l. Esylvania, pursuing the comparatively
simple ways of living to which he haC
been accustomed. and avoiding the
many outside business projects il
which he has recently been engaged
he would now be as well and strong a!
ever.
The responsibilities attaching to th
management of our great industrial
combinations are heavy and highly i'm
portant. but they do not of necessit!
crush the man who assumes them
; The organization of directing forces
is so complete. and the division of la
Dor is so carefully made that th'
weight upon any one man is rarely too
heavy if he adjusts himself to it
Proof of this is abundant in the condi
ton of many Of our captains of indu
=. try.-New York Independent. ..A,
An Apologize Luncheon.
Just for the sake of argument, say