The evening world., 1911-08-04

stssa rails hAs not varisd in twelve Of
nftssp year.. t2s Q ton"
CUSTOM" MAkee STEEL TRUST
TRADE DICTATOR.
what has kept the prcs nxsdr
Custom"
Suppose the United STATES s.ee, Cor.
poration wsrs TO say we will sell rails
at 90. what would happsnr'
The others would have 70 DO The
same"
80 the economic consolidation you
have described has resulted IN such q
situation hat tho company could NJ
mo. Competitors would have to meet
Q cut But they would not have "a
meet . raise. II the Steel Corporation
raised prices TO t35 a ton the others
would moi have 10 20 up. The Steel
Corporation could not maintain such q
price"
DO you think that an extension Of
trade was best achieved by q CONSOLE
dalton Of steel interests7"
Yes"
Mr.. schwao told how ne built up An
export wire business by shutting on all
Chicago and other places to make
80. ~. .,.n, 81 .hs, n,,.coss
..Th. 81. ~, 49,. sor isbor.. Mr..
s,hw,b .s,a ~. s,.sduv ana con.
.,.,.,,,v incr....d ,,ncc The
ton Of the United states stssi covpor-
alton"
NO PROTECTION NEEDED FROM
FOREIGN RIvALe.
The United States needle no protes.
ton against the rest OF the world" re.
piled Mr.. Schwab TO a tar1R question
FROM Mr. Iatt,eton. ''under eouai cor.
a,,Ions' put n w. arc TO psy 40 much
for labor and transportation a. We DO
wa 40 need rrotecfion. Our tariY n
no, a. high a. that Of other counsr,.s
making steel, except Ensland. But We
,ena very i..e s.se' '" E"s.~nd. ing
LII ~. .".
Eus ~" 49, -
49, " 4. u",~s,. "a ~. 49,. .s
srea, 81" """e' io'ois"
.nn ~. -. ..,.
y. IA To- N.,,.o =, aoI . ,,n a. .-.Ia.s
sco har.s, ~
ct a. 10, IAN, On .. y.-y-.,,a
M, ss,, rs,. On w..ico =, sox " 80"
NJ schwoh .aiS ,h.t ~. .n,nu.,
n, IN. pe,hisb.m Mani .sri,,airr liz"
no.; ,,.n IA ;ns;,::;ns s,.rs sni;a... ~.
$1,000 n Gear. Roi,ers .arn from
Sb TO SEQ a day. helpers 1; a day. 40 far
a. sk,i,cd Ia M, - -conccrn.6 ~. S,,n.
i.,, and br,ck,s vsr. from 3 "a 20 Il
day. and common isbor.r. Si.so asv.
all for ten.hour DAYS.
Mr.. schwab admitted that blast fur
mace men work twelve hours,a day.
seven days a week. II IL necessary for
the furnaces 10 he kept going continu-
ously; but men who want to work only
six days a weak are ch~eerfuilv accom-.
modated.
"Only." ssid Mr.. schvab. .thev de-
mand 10 be Allowed 10 vork ssven
day."
CARNEGIE KNEW WHAT THE
N-u,o ..,,a,.u 49,, -.
'O'HeH y GEL.
Discussing M decision Of Andrew
Carnegie to 20 into the steel tube bus
mess. Mr.. Schwab said that It was not
q threat or q menace to other manu-.
factursrs.
TT came about mis- way. had an
idea that steel tubes could be made In
n new w~ay-rolled a. seamiess tubes
ana not rolled flat and then bent ana
welded, Mr.. CarneEie was In nv OF.
flee one day ana Jaw plans nv enai.
neers had prepared. He looked them
over and then said, a. he often did.
That's all right. Do II. You ought
TO do II right AWAY. &c ahead and I
did,"
I'm other WORDS said Mr.. Stanley.
"Mr. CarneKie had the money and you
had the ability
Il decline 10 answer" said Mr..
Soh wab, blushing.
you had the ability" persisted Mr..
Stanley. and he knew very we'll what
happened to the other Teller when you
got together"
Mr.. Schwab biushed some more and
shook his head.
Chairman Stanley read from the min.
utes or the National Tube Company in
January. 1901. recording a speech made
oy the PRESIDENT. ~ {; Converse. to his