The Dawson news. (Dawson, Ga.) 1889-current, 1903-06-24
THE STEEL TRUSTS HEAD
WHY CHARLES M. SCHWAB WILL BE
REELECTED PRESIDENT.
Stockholders Recognize His Ability in
Every Branch of the Work. Carne-
uie's Tribute to His knowledge.

uie's Tribute to His knowledge.
In the little German-American prin-
cipality of Hoboken, N. j., the greatest
of any of the worlds corporations held
the other day one of the littlest of an
nual meetings 10 far as numbers were
concerned, says Holland, the New
York correspondent Of the Philadel-
phia Press. 1t was a stockholders
meeting Of the United States Steel cor
poration, and any stakeholder had
right-and, in fact, every stockholder
was asked-to be present and to vote
upon the propositions, some of which
involved the expenditure of $36,OOO,-
600, and some of which needed the
stockholders approval for certain for
malities precedent to the issuing OF
$3.50, 100000 of bonds.
The attendance of stockholders seems
to have been in inverse M,tiO to the
magnitude of the propositions that
were to be approved or rejected. And
vet there were represented at this
meeting about 100000 shares of stock,
a majority of the owners of which had
delegated their right to vote to two or
three men. They might have put all
their proxies into one hat and commit
ted the power of attorney over them so
far as voting was concerned to Mr..
Perkins or to some other stakeholder,
since the stockholders seem to have
been of one mind to have had COM
mon understanding, and that one of
approval for everything the directors
recommended.
The directors will re-elect Charles NJ.
Schwab as president of this corpora
ton.
Mr.. Schwab will owe his reelection
partly to the conviction that as mas
ter workman in the industry of iron
and steel production, an expert along
all the lines of production from the
mining of the ore to the marketing OF
the finished product, there is none 9TH
err who is his superior and it would
be almost safe to say not any other
who is in every respect his equal. lie
will also owe his reelection to the IN
wavering confidence Andrew Carnegie
has in Mr.. Schwab's ability to direct
that corporation without error or at
least with less error so far as manutac-
turing and marketing are concerned
than any other would be able to do 1t.
Furthermore, he will owe his re-elec-
ton to the fact that some Of those VINO
were disposed last fall and winter to
a GnnnpCG0r
Schwab discovered that it was far
easier to want a successor than to ma
one, for, although they had in MIND
one or two men of distinguished abIl
ity, of great tact and mastery business
diplomacy, a suave and yet dIsclpll"
narian's manner in that great field that
is partly political, partly financial
partly statesmanlike, which IS part
of the outlook of the United States
Steel corporation, nevertheless these
men lack some one of the qualities
which brought Mr.. Schwab from an
apprentice place to that of president OF
the Carnegie corporation within twenty
years and through no other influence
than his own merit.
Mr.. Schwab was also in possession,
sometimes nine points Of advantage in
a corporation as it is said to be in law.
There is no doubt that Mr.. Carnegie,
whose individual interests are probably
greater than those of any other one OF
the rich men a part Of whose pOssis-
sions are in this corporation, would not
listen to any suggestion that another
than Mr. Schwab be chosen president
Of this corporation unless some one
could be named whose practical expert
ence and ability in the production OF
everything that issues from an iron
and steel manufacturer could match
the experience and ability of Mr.
SchWab.
There is a saying in New York that
Mr.. Carnegie said last winter: you
can find fnanciers, and you can find
politicians and high grade business
men, but where will you find another
who has the expert knowledge of the
manufacture of iron and steel which
| Charlie Schwab possesses"