Perth Amboy evening news., 1910-09-19
BUILD CHINA'S
NEW NAVY HERE
Schwab Appears to Have
: VINO the Contract for
Great Work.
GOES TO MEET PRINCE

New York, Sept. 10. China, ever
looking to the west for ideas, is to
have a big feet of warships built in
the United States.
1t was announced in dispatches yes
terday that Mr.. Schwab is now on his
way to San Francisco, where he Is to
meet Prince Tsai Bsun, uncle of the
baby emperor of China. to close the
contracts for construction. 1t appears,
therefore, that Schwab has won an
other notable victory over the steel
trust. Only a short time g he out
bid the big concern in contracts for
building D~readnoughts for the Argen-
tine navy.
Prince Tsai Hsun is at the head of
China's naval establishment. For a
year he has been touring the world
in a study of %shipyards and steel con-
struction. He has visited every center
Of Europe for information.
John McGregor, head Of the Union
Iron works in San Francisco gave out
the positive statement last night that
Schwab had secured the much coveted
contracts.
Millions of Dollars.
The imperial prince is to have the
direction of the expenditure of hun
dreds Of millions Of dollars for mod
ernizinG the hoary empires war equip
ment. He will be met by Mfr. Schwab
in San Francisco this week, and there
it is announced the contracts will be
for the construction of a great
er number of warships Of all types,
together with the heavy and small
guns that are to be mounted on them,
than ever before were made at one
time. The designs, it Is further an
bounced, were made by the Bethlehem
Steel company.
This as a sequel to the lavish
hospitality extended by Mr.. Schwab
asst May to another Chinese imperial
Tsai Tao, and to Lord Ii, SOD
IF Ii Hung Chang, upon the occasion
IF their visit to this city.
The extraordinary attention paid by
Schwab to the distinguished visi-
.ors from China attracted much at
at the time. They were capped
a luncheon at the Schwab mansion
Riverside drive. Included among
he persons invited to meet his guests
we're Andrew Carnegie, Judge E. H.
Gary, William E. Corey, Henry Phipps,
Vanderbilt, Jacob II. Schiff,
W. Perkins, John D.. Rookie
Jr., William G.. McAdoo, Paul
and the officers of the Bethle-
hem Steel company.
Millionaire Luncheon.
The affair was styled "the billion
aire luncheon" 1t was not generally
at the time that Schwab then
was deftly laying plans to capture this
enormous contract from the steel trust.
1T was given out that the principal
discussed was the part finan-
ciers Of the United States We're to be
permitted to take in the big loan
China was about to negotiate for in
ternal improvements, chiefly railroad
development.
During the entire stay of the Chinese
dignitaries in New York Mr.. Schwab
was notably assiduous in his atten-
tons and accompanied Prince Tsai
Tao to the steamship to bid him fare
well on his departure for Europe. Moth
ing further was heard Of the matter
until yesterday, when the dispatches
from San Francisco referred to were
received.
AT the offices of the Bethlehem Steel
company, at III Broadway, 1t was
admitted yesterday that Mr.. Schwab
is now on his way to San Francisco,
but further than this no other definite
information could be obtained, except
that he was going there by appoint
ment to meet Prince Tsai Hsun. Mr..
Scwab's secretary, Mr.. Ward, would
neither affirm nor deny the statements
in the San Francisco dispatches. '1t
is a matter which no one can discuss
Mr.. SphWab himself" he said