New-York tribune., 1902-08-20
CHARLES NJ. SCHWAB HERE
SAYS HE NEEDS a VACATION. But IS
NOT \ SICK MAN.
GOING TO EUROPE TOMORROW OR SAT
URDAY. AND HAS NO INTENTION
OF RESIGNING

Charles NJ SchWab president If the United
States Steel Corporation arrived in this city
last evening looking If he was not greatly
in need of his much talked of vacation. His
private car the LoreJro. was attached 20 the
Pfttsburg Express which reached Jersey City
at - O'Clock Mr. Schwab and his secretary
were met by Joseph f. Schwab.
The president of the steel corporation wore
a checked suit black tie and black derby hat
He carried heavy gold headed cane. which.
however he did not use Mr- Schwab was
Drowned by exposure, his eye was bright. and
he was alert and cheerful when the newspaper
men greeted him.
Now. I'm going 70 say just three sentences 10
YOU" interposed Mr. Schwab. takinr the inter
view entirely into his own hands First, 1
don't look like a very sick man. do 1? Second.
need rest and I'm going 70 Europe TO
take il.
Tomorrow" asked reporter
no questions" laughed Mr.. Schwah.
Third I have not resigned from the presi-
dency of the United States Steel Corporation
and I'm not going Is There. that's all I can
say. and l don't want you to ask me any more
questions
Mr.. Schvab viii attend TO some business TO-
dav. meet J. 2 Morgan when he arrives from
Europe. and tomorrow or Saturday will sail
or a trip Of several months in Europe He has
no intention Of resignins as president OF the
great steel corporation, neither has he been re-
duested 10 resign
When Ny schvab was taken i'll al his sum
rner home AT Atlantic City some weeks ago 1t
was not a serious attack, and in few DAYS ne
went 10 his Allegheny Mountain home 10 re-
main several weeks with his family and rela-
tives. as has been his custom each summer.
He has been IN the habit Of going abroad this
time each year and 10 recuPerate himself thor
oughlv he has determined TO so to Europe no"
rather than wait until later in the season He
viii he accornaanied by no one but his valet
and his French chauffeur He will tour the Con
tineut in his automobile, and enjoy himself gen
araIIv having no attention TO business. but
rather davoting himself 10 getting a good rest
and the recreation a man Of his affairs requires
When George ". Perkins vas seen at the Of
fee Of 4 q Morgan * Co yesterday he said
Mr. Srhzysb is not seriously i'll, ana me
stories printed about his reStgnlng from the
presidency of the United states steel corpora
tion are really too silly TO ne notIceu- he Is
rot going To- resign no one has even thought OF
asking him 10 resign. neither does any one want
him to resign All these stories about his leav-
irc the steel CORPORATION are ridiculous and fool
ish He viii be here to see Mr.. Morgan To-
morrow and will attend several business meet
ings before sailing for extended trip 70 Eu-
rome as has been his custom for many years
past Mt Schwab has the confidence Of every
member Of the steel corporation and the bust
ness never was in a more prosperous Condlton
+har AZ present Perfect harmony prevails
among all the officials and directors of the cor
roration Of which MI SChwab IS president
Mr. Schwab has not even been attended by a
nhysician as had been announced, and he will
llot he aCcor1nanied abroad by any doctor on
sAvaraI nrevious trips abroad NIr SChwab has
been ACCOMPLISHED by DR.. c. O GouldinS. an
old personal friend as a travelling companion.
sick do 70 remarked MI SChwab TO some
friends at the Waldorf last night when they
asked him how he was tee1ing L arQ merely
taking a little vacation. and am ENJOYING my
self raa IlV feel very good