The daily morning journal and courier., 1902-02-17
PRES.SCHWAB ENTHUSIASTIC
RETURN OF STEEL TRUSTS PREsI-
 DENT FROM ABROAD.

More Than Ever Impressed With th,
 Scope and Possibilities of His Grea,
 Corporations Also Over the Position O
 the United Stntes In It's R RelatIonshit
 With the Worlds Trade and Conn
 merce.
 New York, Feb. 16--After an absence
 of nearly two months in Europe Charles
 M Schwab, president of the United
 States Steel Corporation, arrived here
 to-day on the steamship St. Paul. He
 meeting of the stockholders, which is
 to be held tomorrow in Jersey City.
 MT. Schwab visited England, France,
 Germany and Austria, coming every
 where in the closest touch with the
 leaders of finance and manufactures.
 He returns, as he himself expressed it
 to the Associated Press tonight, more
 than ever impressed with the scope and
 possibilities of the great corporation of
 which he is the head, and more than
 ever enthusiastic over the position of
 the United States in it's relationship
 with the trade and commerce of the
 world
 MT. 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. q went away for a vacation" he said, ''and while I had delightful trip, I also did a great deal of work. l found a feeling of the utmost friendship for our country existing everywhere in Eu- rope. I found also intense interest in the question of industrial combinations, the business men on every hand wish ing to know more about them and more about our methods.
 ''I have been privileged to meet the greatest men in the European world of finance and manufacture and the great master minds of economic thought. l was surprised and delighted to find such tremendous interest in our great undertaking and at the cordial recep- tion given everywhere to the president of the steel corporation
 q said in a speech delivered in Chi cago that any combination of business enterprises organized for other pur- poses than the reduction of cost and the increase of output in placed upon a false basis, and I return from my visit to Europe feeling more than ever inn pressed with the truth of that proposi- tion. I come back with my ideas broad ened and my enthusiasm unbounded. Heretofore l have looked upon our great combination of the steel industries as perhaps nothing more than an ordi- nary business venture of great magni- tude, but after hearing the views of the business men of the old world I find that I have, if anything, underrated our aking.
 "We are now more than ever ready to demonstrate that the greater the scope of the combination, the greater possibil1- ties for economy and consequently the greater the possibilities for the reduc- ton of cost. With these objects in view we must have our great plants equipped and manned to perfection and no care or proper expense must be spared to keep these plants modern and at the highest point that ingenuity, skill and enterprise car reach.
 While there exists in Europe the greatest feeling of friendship and ad- niration for America and Americans, Ind also a degree of curiosity and un- as to what we are going to To next But as I told them they have heir own protection at home in their avs, and what we are after is trade in he great common fields such a China nd the Orient generally. This we want and this we are going to get. In rder that we may do so, however, we , ook to congress to make provision for , he protection of our shipping We , yil look after the manufacturing.
 Speaking as the president of the | Jnited States Steel corporation, I wish Q impress upon our people here the fact hat throughout England and Europe here exists no feeling of enmty among = he great men and my visit abroad this !. ear was notable in the change I found ,hen l. who had been there so often be- ore as an individual, presented myself U g the president of the United States ' teel corporation, which as the greatest f American consultations, was the enter of curiosity among inquiring men f all nations who sought on every and to learn more of our methods and F UT plans" MT. Schwab said he preferred not to nticipate the proceedings at the meet c g of the United States Steel corpora 1- on tomorrow. :,