The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1902-02-22
Mr.. SCHNAB HAS RETURNED.
HEAD OF THE STEEL TRUST.
Ne Has Been Spending Two Months
Travelling over the Continent and
EaElaRd-wAs Accompanied b.
wife and sister-Trade Outlook 10
faVoFabIe.

New York. Feb. I7.--charles NJ
Schwab. president OF the United
States Steel corporation. has returned
from Europe on the American lineI
st. Paul. after an absence Of two
months spent in travel on the cont
nent and in England. He was accom-
panied by his wife and sister AND
Was greeted when he landed by hil
father and mother. Mr.. and Mrs. J
Sehwab; his brother Joseph Scwab
and n large party Of friends.
Mr. Schwab returns. as he himself
expressed 10 the Associated Press
more than ever impressed with the
scope and possibilities OF the greal
corporation Of which he is at the head
and more than enthusiastic with the
trade and commerce OF the world.
MI Sehwab declined 10 discuss the
personal details Of his trip. He said
be preferred 10 speak as the president
Of the United States Steel corporation
= went away for 4 vacation" be
said. and while ! had a delightful
Trip. | also did great deal Of work
found a 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 meI
IN every hand wishing to know more
about them and more about our meth
DDS.
u have been privileged 20 meet thu
greatest men IN the European world
o! finance aud manufacture and tbs
great master minds Of economic
thought was surprised and delight
ed 10 md such tremendous interest IL
our great undertaking. and with tn,
cordial reception given everywhere u
the president Of the steel corporation
Il said In n speech delivered In Chi
cAgo that any combination Of business
enterprises organized for other pur
poses than the reduction Of cost ant
the increase q output is placed upoi
a false basis. and l return from m,
visit 10 Europe feeling more than eve
impressed with the truth Of that pro
position. Heretofore I have lookeS
upon our great combination of stee
Industries Of this country as perhaps
ao,hing more than an ordinary bust
ness venture Of great magnitude. bu
after hearing the views OF business
men Of the old world ind that
have. II anything. moderated our un
dertaking.
We are now more than ever read,
TO demonstrate how much greater 81
the scope OF. the combination. IN,
greater the possibilities for economy
and consequently the greater the pos
sibiliuee for the reduction OF cost
with these objects In view. we mus
have our great plants equipped in ;
manner nearer 10 perfection. an'
no expense must be spared TO keel
these plants modern and n the high
eel point that ingenuity and skin ant
enterprise can reach.
while there cxis,s in Europe thu
greatest feeling Of friendship and ad
miration for America and Americans
I also found a degree OF curiosity ant
uncertainty as TO what we are goinl
TO do next But as | told them, the,
have their own protection at home Il
their laws what we are after Is trad
in the great common field, such a
China and the orient generally. Thi
We want and this we are going 10 gel
/ In order that we may do so. however
We look to congress TO make provii
ion for the protection OF our shippinE
We will look after the manufactuI
ing.
Speaking as the president Of tn
United States Steel corporation,
wish TO impress upon the people IN
fact that throughout England and b
rope there IL no feeling OF enmit
among the great men; and my Wis
abroad this year was notable in III
change | found in their demeanS
when presented myself as the pres
dent Of the United States Steel co
poration. which. as the greatest
American consultations. was the Gel
ter Of curiosity among inquiring me
Of all nations. who sought on ever
hand TO learn more Of our method
and our plans"
Mr.. Schwah said he had no right
anticipate the proceedings at the NEE
ing OF the United States Steel corpo
alton.