The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1902-02-21

States Steel corporation, has returned
from Europe on the American liner
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 his
father and mother Mr.. and Mrs. ].
Schwab his brother Joseph Scwab,
and large party of friends.
Mr.. Schwab returns, as he himself
expressed to the Associated Press,
more than ever impressed with the
scope and possibilities of the great
corporation of which he is at the head
and more than enthusiastic 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.
Il went away for a vacation" he
said, "and while | had delightful
trip, l also did great deal of work.
found a feeling of the utmost friend
ship for our country existing every
where in Europe. l found, ALSO in
tense interest in the question of indus
trial combinations, the business men
on every hand wishing to know more
about them and more about our meth
DDS.
81 have been privileged to meet the
greatest in tho Tv1trnnno,
Of finance and manufacture and the
great master minds of economic
thought. l was surprised and delight
ed to find such tremendous interest in
our great undertaking, and with the
cordial reception given everywhere to
the president of the steel corporation.
81 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 is placed upon
false basis. and l return from my
visit to Europe feeling more than ever
impressed with the truth Of that pro-
position. Heretofore l have looked
upon our great combination of steel
industries of this country as perhaps
nothing more than an ordinary bust
ness venture of great magnitude, but
after hearing the views of business
men of the old world l find that 1
have, if anything, moderated our I'M
dertaking.
1--WE are now more than ever ready
to demonstrate how much greater is
the scope of the combination, the
greater the possibilities for economy.
and consequently the greater the pos
sibilities for the reduction of cost.
With these objects in view, we must
have our great plants equipped in a
manner nearer to perfection, and
no expense must be spared to keep
these plants modern and at the high
est point that ingenuity and skill and
enterprise can reach.
"While there exists in Europe the
greatest feeling of friendship and ad-
miration for America and Americans,
l also found a degree Of curiosity and
uncertainty as to what we are going
to do next. But, as | told them, they
have their own protection at home in
their laws, what we are after is trade
in the great common field, such as
China and the orient generally. This
We want and this we are going to get.
In order that we may do so, however,
we look to congress to make provis-
ion for the protection of our shipping.
We will look after the manufacture
ing.
Speaking as the president of the
United States Steel corporation, l
wish to impress upon the people the
fact that throughout England and Eu-
rope there is no feeling of enmity
among the great men; and my visit
abroad this year was notable in the
change l found in their demeanor
when l presented myself as the presi-
dent of the United States Steel cor
poration, which, as the greatest of
American consultations, was the cen
ter of curiosity among inquiring men
Of all nations, who sought on every
hand to learn more Of our methods
and our plans"
Mr.. Schwab said he had no right to
anticipate the proceedings at the meet
ing of the United States Steel corpor-
alton.
N