The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-02-17
.SCHWAB'S HEAD
FULL OF IDEAS
Comes Back From Europe With
Brosdened Views.
He DEFINES A GOOD TRUST
SAYS IT IS ONE WHICH IN
CREASEs THE OUTPUT.
He DEFINES A GOOD TRUST

NEW YORK, Feb. 16.-Charles VI.
" Schwab. president Of the United
States Steel corporation, returned
nom Europe today on the American
liner St. Paul, after an absence of two
months spent in travel on the conti-
nent and in England. He was accom-
panied by his wife and sister, and was
greeted when ne landed by his father
and mother. Mr. and Mrs. J. Schwab,
and large party of friends.
Mr.. Schwab returns. as he himself
expressed to the Associated Press to-
night, more than ever impressed with
the scope and possibilities Of the great
corporation of which he is at the head,
and more than ever enthusiastic over
the position of the United States in
its relationship with the trade and
commerce Of the world.
Reticent About Gambling.
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.
I went away for a vacation" he
said, and while l had a delightful
trip, I also did d great deal CT work I
found a feeling of the utmost friend
ship for our country existing every
where in Europe. / found also intense
Interest on the question of industrial
conditions, the business men on every
hand wishing to know more about them
and more about our methods.
Il have been privileged to meet the
greatest men in the European world of
finance and manufacture, and the great
~ ind Of
was surprised and delighted to find
such tremendous interest in our great
undertaking, and with the cordial re-
ception given everywhere to the presl-
dent of the Steel corporation.
L 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 a
false basis, and I return from my visit
TO Europe feeling more Inan ever i'm
pressed with the truth of that propo-
sitiOn. l come back with my ideas
broadened and my enthusiasm IN
bounded. Heretofore l have looked
upon our great combination of the steel
industries Of this country as perhaps
nothing more than an ordinary bust
ness venture of great magnitude, but
eALbCA hCdi AAiS the views OF the UuSl-
ness men of the old world. l find that
have, if anything, moderated our
undertaking.
Defense of Trust Idea.
I'VE are now more than ever ready
TO demonstrate that the greater the
scope of the combination, the greater
the possibilities for economic pro-
duction and, consequently, the
greater the possibilities for the
reduction of costs. With these
objects in view, we must have our
great plants equipped and manned TO
perfection, and no care or proper ex-
pense must be spared to keen these
plants modern and at the highest point
that ingenuity and skill and enterprise
can reach. While there exists in
Europe the greatest feeling of friend
ship and admiration for America and
| found also a degree OF
and uncertainty as to what
We are going 70 do next. But as
told them, they have their own protec-
ton at home in their laws, and what
we are after is trade in the great ccm-
non field, such as China and the Orient
generally. This we want, and this we
are going to get. In order that we
nay do so, however, we look to con-
SresS TO make provision for the prOtec- I
ton Of our shipping. We viii look 4
after the manufacturing
Speaking as the president of tne
United States Steel corporation, | wish
TO impress upon our people here the /
fact that throughout England and
Europe there exists no feeling of en-
nifty among the great men; and my
visit abroad this year was notable in
the change 1 found when I presented
myself as the president of the United
States Steel corporation, which. as the
greatest of American consultations,
was the center of curiosity among in
lUiring men of all nations who sought |
On every hand TO learn more Of our |
and our plans