The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1902-10-18
J. c. Wilkir1 son,
CITY Druggist,

Corporation might readily conclude
tnU SIR schwab vacation is bnt the
pr-la4e r. the abandonment II active
3 ire 4t De will probably never re-
tgrn NJ tae operation Mr Schwab
pseds no apologi-t He las done
r3auasly well Iie is one af the most
ariuary meu III lmbiie life for
we mast regard hi- great 3iiioe a. Of 4
laasi.pahGe character IL eoinbiucs
martel executive ABILITY with great
mechanical skill These two qualities
are ru4ly found il combination. His
mechanical skill placed him az the
head Is the Camille compmy his
executive ability AT the head OF the
Steel Corporation When the cor
poration was formed ne minority
holders IF Carnigie stock placed their
a affairs wholly in his hands This Is
confidence Of the h;ghet order he
must have done an immense amount
~ work during the year Of his Tenure
Of Office but Mr.. Moragn work
must have been Of far more nervous
order for be was directly charged
with tine financial establishment OF
the enterprise II any man sholld
nave broken down nervously ii is
Morgan yet Morgan has apparently
not NOTED a feather in floating an of
mis- undertakings Why therefore.
should Younger and naturally more
robust man need long vacation after
two months of work. IL is clear that
there is something back Of IL all Mr.
Schwap, after all could not nave been
the man for the place A little in-
quiry will suffice 70 show tnat he has
never been the choice of the most
powerful interests in the Steel Cor
poration. II is not likely that he was
Mr. Morgan original choice He
was. however. Mr. Carnigies cnoice
and without the consent Of Mr.
Carnige the Steel Corporation could
not nave been formed Il was com
easy for Mr. Carnigie 10
dictate who the president Of the steel
should be. and as he had
had a quarrel with Mr. Frick the only
man he could turn 30 was Schwab. /
He named Schwab, but probably il is
no secret 20 say that the conservative
element, foremost among whom must
De named the Rockefeller interests. I
wanted Frick The Rockefeller in
crest in the corporation are immense.
Few people realize their extent.
rhe most valuable asset which the |
Steel Corporation has. was turned
,ver to il by Mr.. Rockefeller We
.efer to the group Of iron mines on the
Mesabi range. In addition were the
and the ships, and the Rookie
'eller holdings. not inconsiderable, in
he subsidiary companies. IL is no
secret TO say that this enormous in
has had no recognition in
he active management of the cor
)oration. The organization Of the
has been Carnegie throug-
mt. Carnegie selecting the president
md the president selecting his as
ociates. 1t would be strange.
indeed. if these interests did not
Mr. Schwab closely This
s not saying that he has been an
agonized or opposed for no one would
,ut obstacles in his way but he has
been most narrowly watched To
hose who have noted the progress Of
he corporation IL would lee more
to see Mr. schawb return to
= head than IL would be 70 see him
resign
As to who will succeed MIN is an.
,ther matter Mr. Frick Is the most
likely man But Mr.. Frick il en-
,rmously wealthy, having more money
han any man can ever nave use FOR.
md moreover has had ~ the honors
hat office can bring He has taken
~ many big things of late Morgan
lictaiion would probably not be agree.
.ble to him lie might not want Che
presidency Of Che Steel Corporation.
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TNa .s.af ,t.a.I 80. ..st.+4.a-s.l ~.