Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-02-17
THE STEEL KING
HAS RETURNED.
Charles NJ Schwab Says He Had a
Delightful Trip.
EUROPE Is VERY FRIENDLY
No Feeling OF Enmity Exists Among
The Great INSTRUMENTATION Means
Creator Economy OF Production.

New York, Feb, IG.--charles M.
sohwab, president Of the United states
Steel corporation, returned from Eu-
rope today on the American liner st.
Paul, after an absence of two months
spent In travel on the continent and
England. lie was accompanied by
his wife ana sister and was greeted
when he landed by his father ana
mother, Mr.. ana Mrs, j. schwab' his
brother, Joseph schwab, and large
party Of friends,
Mr.. SchwaD returns as he himself ex-
pressed 1t to the Associated Press to-
nightmare than ever impressed with the
scope and possibilities OF the great cor
poratlon Of which he is at the head, and
more than ever enthusiastic over the
position Of the United States in its rela-
tlonship with the trade and commerce
of the world. Mr.. Schwab declined to
discuss the personal details Of his trip.
He said he preferred TO speak as the
president OF The United States Steel
corporation.
81 went away for a vacation, he said
"aud while | had a delightful trip 1
also did a great deal of work / found
q feeling OF the utmost friendship fOi
our country existing everywhere In Eu-
rope, | found also intense interest on
the question Of industrial conditions
the businessmen on every hand wishins
to know more about them ana more
about our methods
81 have been privileged TO meet the
greatest men In the European world OF
finance and manufacture and the great
master minds of economic thought |
was surprised and delighted to iinu
such tremendous interest In our great
undertaking and with the cordial re-
ceptiOm given everywhere 10 the presi-
dent Of the steel corporation.
II said In speech delivered In chi
cago that any combination of business
enterprises organized for other purposes
than the reduction Of cost and the In
crease OF output is placed upon false
basis and | return from my visit to
Europe feeling more than ever inn
pressed with the truth Of that PROPOSE
ton. come back with my ideas broad
ened and my enthusiasm unbounded
Heretofore | have looked upon our
great combination OF the steel indus
tries OF this country az perhaps nothing
more than an ordinary business venture
OF great magnitude, but after hearing
the views Of the businessmen of the
old world | fnd that | have II any
thing. moderated our undertaking.
I'VE are now more than ever ready TO
demonstrate that the greater the scope
~. IA ,at LIT ha
abilities for economy and consequently
the greater the possibilities for the re-
duction Of costs With these objects
in view We must have our great plants
equipped and manned to perfection, and
no care on proper expense must pe
spared TO keep these plants modern and
a. the highest point that ingenuity ana
skill and enterprise can reach.
"Whles there exists In Europe the
greatest feeling of frienship and ad-
miration FOR America and Americans,
found also degree OF curiosity and uh
c ltainty as TO what we are going 10
do next But as told them they nave
their own protection at nome IN thelr
laws and what we are after Is trade Ia
the great common field such as emma
and the orient generally, This we want
and this we are going to get, In order
thar we may do so, however, we look
TO Congress 10 make provision for the
protection OF our shipping. We VIII look
after the manufacturing
Speaking as the president of the
Cailed States steel corporation | wish
TO impress upon our people here the
fact that throughout England and Eu-
rope there exists no feeling Of enmity
among tic great ner and my visit
aLrcad this year was notable in the
change | found whom J presented my
self as the president OF the United
States Steel corporation, which. as the
greatest Of amer iCan consultations
was the center OF curiosity among in
curing men Ut all ma ions who sought
on every Land 10 learn more of oui
metEcGs and our plans
Mr.. Schwab aaid he preferred not to
anticipate the p,tc'tdinss at the meet
Ing Il the United States steel corpora