The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-04-17
inside View Of the U FS. SIteeI
Corporation Committees.
THE FAIR MILLIONS. SUIT
New dan from West Assumes Respon-
slble Position ard AVerts a Strike.
s slS Redmond as a Judge Of
.3 Railroad Bonds, 4 s#
I BygJOHN MARTHOL.,

( Especial to The Times lspatch)
s MI w ~ Dirk, Api = Is. Ii, u corporation
as large us the United states steel trust
1.-THE outsiders" are not long In learning
II what "the Insiders" are linking about as
II we'll as doing. For year or more one
active faction has been coyertly DESTROYS .1sJ
/ e< ousting Charles M, SchWnb from tho
T. presidency Reports industrIously circu-
j lated as to the health OF the young steel ''1.
4 ,nugnate were followed with riinioi's that
his resignation would follow. But Mr.
y Sclwab robust and CHEEKY after a long
X vacation, IL back at his desk determined l!
y to perform the duty OF his great office.a
During his absence many changes In
I management have been wrought. They
are wise changes In view of the cnorrn-.
Y GUS details which management of so many.
L plants Involve. Two largo committees
3 divide the work 4 one the Finance Com
S31nittce, the other tho Executive. MI M Or
CAMS partner. George W.. Perkins is
3athe chairman OF tho former, Judge Car
ny, or the latter. Responsibility for cor
II pora.e acts rcsts either with one or POI
i az these committees. Mr.. Schwab is q
s,rond minded :.:.ai: and he surprised his
opponents by heartily approving the plan
inaugurated during his absence.glle founa
4 that It relieved his office OF work ana
responsibility and brought to the affairs
OF the company thcsS best mental effort
4 ofSits most competent managers. \,
Mr., Schwab Is essentially practical
I. manufacturer. Flo represents the manu-
4 featuring element In the consolldn ton.
Hts knowledge Is OF enormous value to
IS the corporation which must retain its
Is prestige In the iron and steel dustry
4 BY It's output and make Its showing OF
net profits by able. economical ana con-
servative management.9aln TINS LABOR ne
has The support OF the Executive COMMIT COMMIT,
II Ia a The showing made In tho annual
report Of net earnings Is al, endorsement s'nt
or Mr.. Schwabs ability as - nanuiac-i
y turer and OF the wisdom. prudence ana
g forcs; pht OF Judge Garry, chairman OF the
u Executive Committee. :, "a
From the earnings, the Finance Corn
nittee, which Is controlled BY 49,
Morgan & Company. dividends OF z per
h cent have been apportioned on ths pre-
fcrrcd stock and 4 per cent. on tho com.
= mon and a hand some surplus Is ca::t:3i
On tho booka But while the pro!erred
stock shows an per cent, investment
and tho common an II per cent. inVcst-
91nent on shares at the market price. the
g renernl Z public n mot falling over Itself
n ~ purchase them. Early In the year nc
FINANCE COMMITTEE sought to- acqlll's't'
stockholders for It's preferred stock a1li %. >
Fits employees. The scheme was devised
q ~ George W. Perkins, q talented young
Ii man who worked his way up In the
& New York Life Insurance Company from
y agent to vicc-president, and VINO Mr. r.
Il NInrrnns has been endeavoring to trans
+ rorro into n financicr. The scheme, SO 70
sneak. was modification OF plan IN
sahopted BY the insurance companS -
save for itself renewal commissions 70 sit ~
agents and to keep them In It's service w,
for long, continuous period ~ hoiains
4 over them forfeiture OF v a prospective
"bonus'' should they leave the coInpuhy :.
s. Adonte, by the Finance Commlt tee.85i !, I
.'.as announced broadcast as profit
~ r,nr 3nlan." It was described as S.oe-
,a.n,cnt5,,s ..phIlanthropic. It aimed ~
4 - am ployes shareholders OF pre-
Erred .tock on an 5instailment plan, me
,ro,,ncamcnt was made that It was
,n,nantlw successful Perhaps It was.
I,varv share allotted may have peon SOY
to,Fthe workmen as stated = aouol -,
am told, and I may DC Inis'ii, A In,
that the workmen refused ~ ~, ss ., - r,ath
80 70 be humble toilers O. =. a,
49,. .i,6end. In view OF this and me
e. rLat values OF the shares. it--Woul y, 20
Y 49, ~, ~ the lay mind that the FINANCE nance.
ET,nmmittee has not scored hcaViiy =.
ing Its first year. y, charles q,
The seven millions lett ~ = iit., -,
,,a,r 81 san francisco. the 4pro .,1,,,, =.
Mrs hermann Oelrichs and mrs. = il1', :.
10 Vanderbilt, 5Jr., OF New = ork'f ias
e. Go Ne Of the legal proceedings NJ now pc
-. conducted here. Everybody SHOWS rl,
NE ~ Mrs. Fair survived her husband
b a,,a,,s for n few moments she 1nnerltte'un
e.an, him. and her heirs would possess
H these millions. Two sFrenchmen. monsieur
Mas and Monsieur Moranne. had the 1 Or
"a time or misfortune 70 oe
the road j near Trolfvellle'5rs ta.. NJ
az the time Of the automoplle
acc,dent. Mas has testified that Mrs:
TNo,r waa breathig when Fair had ceased
- hrca the. Counsel for Mesdanes Oel-
.chs and Vanderbilt proceeded at once
make At pleasant or unpleasant tor
/. Monaieur Mas. They wanted to know
where they had been the night previous
yrh,s question revealed another parsonage
q lady Her name? Alas. It would ',teha
y 10 degrade to impicate, etc's ,. Ana ,noW
the curtain Is rung up on t'rcnch s'titaHt.
+rv ina dull court room IN the city OF
Nav York American lawyers seek 70 So
c,,ro from q French g Monsieur the name
~ the Juliet with whom, on that event
A FIJI night, he listened to the nlghtlhsuie''
I1,ve,s sweet secret at the har ana seven
4 millions at stake. Now where are the
writer's Of iotlon2 To them ! glyei
theme, VOLTA! u d al,
Once more the West has contributed 20
this metropolis a man to fila RESPONSE.
BILE and important position. When august
y Holmont found 1t necessary to secure =
railroad man to manage and control tne
Interborough System. better known, as 2;
the subway lines, he named Edward :.
Bryan, who had proven his ability u
louisville and Nashville. and subsequent.
i ~ In st. Louis, where he had charge 81, o.
& the great bridge over the Mississippi, Inc
recent ACQUISITION OF the IL" has given
Immediate employment to Mr. Bryan, and
Z. singularly enough he took hold at a mo-
ment when general strike was threat
H ening, He said, there will be mo strike
K Difficulties were adjusted, and the strike
was Wperted, Mr. Belmont said of hlm:
rHe has the brains and the stuff in him.
His contract Is for FIVE year at $50, 900 a
year. Such Is the reward Of patient labor,
and tho acquisition of knowledge, He boz
gan life as a telegraph operator In Ken