West Virginia daily oil review. [volume] (Sistersville, W. Va.) 1894-1902, 1902-02-17
Schwab Found Feeling of I'm
certainty and Curiosity as to
Steel Combine.
UTMOST Friendship FOR U. S.
President of Great Corporation Re-
turned, Himself More Than Ever
Impressed With Combines Scope
and Possibilities.

New York, Feb. 17.-After an sb-
sence of nearly two months In Eu
rope Mr.. Charles M. Schwab, presi-
dent of the United States Steel cor
poration, arrived yesterday morning
on the steamship st. Paul. He comes
in time to attend the annual meeting
of the stockholders of the corpora
ton, which is to be held today in Jer-
sey City.
Schwab Himself More Impressed.
Mr.. Schwab visited England,
France, Germany and Austria, CON-
ing everywhere in the closest touch
with the leaders Of finance and man
ufacture. He returns, as he himself
expressed it to the Associated Press
last night, more than ever impressed
with the scope and possibilities OF
the great corporation OF which he is
the head, and more than ever en-
thusiastic over the position OF the
United States in it's relationship with
the trade anG 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 corpora
ton. 81 went away for a vacation"
he said, land while | had delightful
trip | also did great deal of work.
| found feeling of the utmost friend
ship for our cOcutry existing every
where in Europe. / found also intense
interest in the question of the indus
trial combination, business men on
every hand wishing to know more
about them and more about our meth
DDS.
Surprised at Tremendous interest.
Il 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 de-
lighted to find such tremendous inter
est in our great undertaking and with
the cordial reception given every
where to the president of the steel
corporation.
Il SAID IN speech delivered in
Chicago that any combination of
business enterprises organized for
other purpose than the reduction Of
cost and the increase Of output IS
placed upon false basis, and ] return
from my visit to Europe feeling more
than ever impressed with the truth
OF that proposition. l come back with
my ideas broadened and my enthusi-
asm unbounded. Heretofore I have
looked upon our great combination OF
the steel industry Of this country as
perhaps nothing more than an or.
binary business venture Of great mag
nitude, but after hearing the views
OF the business men of the old world
find that / have, if anything, under
rated our undertaking.
Ready to Demonstrate ADVANTAGES.
eve are now more than ever ready
to demonstrate that the greater the
scope OF the combination the greater
the possibilities for ec0pomy, and
consequently the greater the posi-
bilities for the reduction 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 o
keep those plants modern and at the
highest point that ingenuity, skill and
enterprise can reach
While there exists in Europe the
greatest feeling of friendship and ad
m1ration for America and Americans
| found also degree of curiosity an
uncertainty as to what we are goin
TO do next But. as | told them. they
nave their own protection at home in
their laws and what we are after is
trade in the great common field sucb
as China and the Orient generally
This we wan and this we are going
to get. In order that we NAV do so
however, We look to congress to make
provision for the protection of our
shipping. We will look after the man.
ufacturing.
No Enmity Among Great Men.
Speaking as the president Of tba
United States Steel corporation n
wish to impress upon our people here
the fact that throughout England AMI
Europe there exists no feeling of on.
nifty among the great men; and nv
visit abroad this year was notable n
the change | found when I. who hal
been there so often before as an in