Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1907-05-18
SCHWAB DECLARES
There IS A Loss
xo MORE .WARsHIPS TO BE
BUILT BY UNION IRON
WORKS.

~ regret that the men at the
Union Iron Works have gone on
strike and have since refused to ar
h,trate. / am out $2,500.00O on that
ehipbuilding plant since | bought it
from the SCOTS. Prior to a year ago
7 had two offers from people who
wanted to buy the site for railroad
terminal purposes and remove the
n,ant. / wouldn't sell then, but
would sell now If l got the same
offer today. 1t is too late, though.
I have taken a pride in the Union
iron Works. The six or seven ship
hpilding plants | owned in the East
awhile ago | have either sold or
closed up. | would like to keep the
Mart out here If | can"
So spoke Charles M. Schwab OF
New York, former president of the
steel Trust and owner of the Bethle-
hem PENN Steel Works, and mil
Iionaire mine owner of Nevada, yes
terday afternoon at the Fairmont
Hotel. Mr.. Schwab's wife is with
him: also d. B. Gillies, his manager
IN Nevada. The labor troubles at
the Union Iron Works did not bring
Mr.. Schwab to the city, he says. He
has beer inspecting his Nevada prop.
critics and merely came here for a
dav before returning direct home.
He left for the East last night.
mo, to be candid, the labor
troubles at the Union Iron Works are
not the cause of my $2,500,00O losses
at that plant. The losses are due
10 building warships for the Govern
ment. . Such work is very unsatis.
factory, as well as Improbable tc
me. and / will never take another
shIp-building contract from Uncle
sam. In fact, / don't want to build
any more ships for either the Gov.
eminent or private people. | prefer
to do other classes of iron building
like mining machinery and engine
plants. Not a shipbuilding plant II
the United States is making any
profit by building Government or pr.
vate-owned ships. They have all l3si
money and will continue to do Sc
until Congress adopts a liberal ship
subsidy bill.
II came from the bottom of ttt
ladder myself and do not desire Z
comment In an unjust spirit on tht
action of the Union Iron Works men
However, | do say, that the plant +
far from a profitable one, and cal
not see my way clear to grant wha
the men demand. My representa-
tiyes here have my instructions ant
will do the fair thing. The men mus
bear In mind that we cant do
all. II we cannot come to some fai
compromise | would prefer that tn
Government take the unfinished war
ships of our hands and compll,
them at Mare Island. We came
take the initiative In that matter. TIL
proposition must come from the Gov
erAment. Undoubtedly 1t will tax
the initiative II the Union iro.
Works labor troubles greatly delay
the work on the vessels.
"The general industrial unrest !
San Francisco is greatly to be re
GREETED. The city has reached
crisis in its new development, and 70
Its future good there ought to be
liberal spirit Of give and take"
Mr.. Schwab says the financial sr
uation in the East Is much improved
Nevada, he says, is in a most prof.
porous condition with its gold m
copper mining and railroad develol
ment.
THE day is not far distant" b
went on to say, when Nevada wi
be the leading gold-producing stat
Of the nation. Colorado is now ars
with California a good second. Ala
ka promises much as a gold-prodn
ing territory and may outstrip Col
RADIO and California. Nevada, in n
opinion, viii safely get and hold fir
place in the neal future
Mr.. Schwab laughed heartily wht
asked If rumors we're correct that
intended to take up his legal re-
dence in Nevada and make a conte
lot the United States Se~natorship
succeed Senator Newlands. He 81
ne has no political ambition ri
never entertained the idea of mixii
IN Nevada politics for himself or an
body else.
\ have no grudge or ambitions
satisfy In the Nevada political field
ne concluded with a SMILES
francisco Examiner.
BRIDGE WHIST FIEND