The labor world. [volume] (Duluth, Minn.) 1896-current, 1904-03-19
RISE AND FALL OF SCH"Ab.

Charles Dickens IN MS story u
Little Dorrity," tells Of venerable
long-haired landlord who was never
rented tenents until he was shorn Of
his patriarchial locks. When his hair
was cut the people saw him as he
really was. Close-cropped hair. parti-
cularly when accompanied by zebra
suit will make a sorry figure of the
most romantic Of heroes. If this test
could be tried on some Of our leaders
OF finance and guardians of our bust
ness interests, the results would be
startling Even the classic features Of
the princely j. Pierpont Morgan him.
self, would appear commonplace and
swndler like If he were shorn of his
locks by the artist In Sing Sing. And
the benevolent Mr.. schwab Of United
States Steel and shipyard Company
fame, would appear trifle google
eyed and not at all benevolent and hon.
est if he were subjected to the same
treatment. Rogues, little and big, are
nothing but rogues. and look like
rogues when they don the costume and
get the fashionable haircut of the
State institution provided for their
kind. Shears and stripes will reveal
what curls and fashionable tailor
would conceal. Sometimes dissolution
comes before the shears are brought
into reauisition, says the Machinists
Journal.
Two or three years ago the name
of Charles M. Schwab was an abraca-
dabra to work wonders with. He was
held up as an example, something
little short of divine. Men marvelled
at his success and his methods were
unquestioned. Sunday school teachers
pointed him out to their scholars
when they wanted an example to show
what honesty and steadfastness Of
purpose could do. The pulpit and the
press united in singing his praises and
he was injected as the moral into ev-
cry lecture on 'How to Get On"
Magazine writer's found in. him the
keynote for elaborate articles on the
success which comes to the young men
who try; who start at the bottom and
eventually reach the top. Who like
the meteoric gentleman in "Pinafore''
start life by
Polishing up the knocker on the big
front door,
And polishing it up so carefulie
Soon became the Ruler of the Queens
Navee.
This was before the collapse of the
shfpbuilding company, and before its
soiled linen was aired in court Now
things are entirely different No high
ecclesiastic is now offering apologies
for the poor overworked and rundown
young president who sought rest and
quiet and ,surcease Of labor among
the mild excitement of the tables OF
Monte Carlo. No one is offering any
excuses for the little moral lapses OF
one so generous in the way Of paro-
chial schools as was Mr.. Schwab. Nc
apologies for any wrong doing of the
mighty wil1-at least for the time be-
ing find extenuation for this same
Mr.. Schwab. Mr.. Schwab as a virtu.
Gus young man who reached the tor
NV no ri
ample to be initiated, but Mr. schwat
as promoter, financier as
dealer In watered stock, is an entirel,
different person. AS such his virtue:
40 not such as would recommend hin
- shining example before the Sun
day-school. AS an unloader of dis
honest securities upon the people h
~ an entirely different proposition an,
not likely to be held in high esteem
by the moralists who used him for :
text a little while ago.
Tho story OF the working Of tn
shipbuilding Trust deprives MI
schwab Of his benevolent locks an,
shows him as he really is as effectu
ally as If the BARRIERS shears wer
really used and no amount of explain
alton will ever be able to change /,
The dissolution is complete Mi
Schwabs ptety and responsibility is o
the flabby-faced kind SO often char
acteristic Of Wall Street. If the shear
should ever come he wont appea
much worse than he does now Grea
Is the responsibility Of high finance
HEAHST'S NOVEL METHOD.