The Detroit times., 1913-02-25
Charles M. Schwab, Famous
Steel Magnate, Speaks in
Praise of DetrOit's
Industrial Growth
U. S. STEEL CORPORATION
is EULOGIZED, TOO
Declares Concern Always Exer.
cises Bene6cent Influence
Where it Operates

Detroit is becoming the Sheffield
OF America" said Charles Nj. Schwab.
head ,of the Bethlehem Steel Co.. the
largest independent manufacturers Of
steel In the United States, sitting in
his private" car, "Loretto." Tuesday
morning. awaiting the arrival OF the
committee from the Board Of Com
merce and the Adcraft club. the or
CARNATIONS which are entertaining
him on his visit to Detroit.
Mr. Schwab was asked many Ques-
lions about the plans of the United
States Steel corporation. rs well az
those OF the Independents. but he lost
no time In getting away from these
subjects and beginning anew his
eulogy OF Detroit.
He denied absolutely that he had
come to Detroit on steel business. He
denied that the independents have
any intention Of erecting q steel mill
| In Sarnia.
Our policy Is concentration rather
than distribution of our resources"
he said. THE Bethlehem Steel Co. Is
concentrating in Bethlehem. We have
increased our plant seven times In
seven years. We have no intention
Of branching out into other districts"
He said that he has no personal
knowledge Of the plans Of the United
States Steel corporation for Pontiac,
its proposed Canadian city.
Il can tell you this" said Mr..
Schwab. II can tell you that the
United States Steel corporation Is a
benef1cent institution which always
Goes much good to whatever neighbor-
hood 1t goes. It's policy has been to
locate its business where II can get
nearest its center of consumption.
The Canadian plant will be exclusive
ly for Canada. Detroit will get little
or no steel from 1t. but will continue
to be supplied from Gary and from
the Pennsylvania furnaces. The tsriff
VIII prevent any large amount Of steel
from being furnished from the Can
adam plant"
There was some misunderstanding
about Mr.. Schwab's schedule. As q re-
suit, Homer Warren found himself
alone In the Michigan Central station
at o'clock Tuesday morning. unable
to locate his fellow-membe rs on the
welcoming committee, and unable to
find Mr.. Schwab's car. The car was
presently located out In the Yards.
and the committee In the Grand Trunk
| station whittier they had gene in the
belief that Mr.. Schwab would come by
way OF Toledo. Mr.. Warren effected
communication with the committee.
and Charles A. Hughes. president of
the Adcraft club. George T. Moody.
Thomas II. Simpson and others who
were wondering whether Mr.. Schwab
had been lost on the way hurried 70
the Michigan Central station, arrived
just as Mr.. Schwabs car was being
backed into the shed.
MIR. Schwab welcomed the Detroit
men effusively. attesting his particu.
Tar delight In seeing Mr.. Moody and
Mr.. Warren again. Then he asked:
Where 10 Mr.. Hughes?" and on be-
ing introduced. said: II have been
told that Detroit Il full of husuing
young men,"
There 10 no city that like 80 we'll
or whose people love 30 much. as
Detroit" Mr.. Schwab told the news.
paper men. It's business men are of
the ideal progressive type. ind
that they are without the selfish
motives which characterize our bust.
ness men Of the east
MY visit to Detroit IL one of per.
sonal friendship purely. had de-
cided not to make such visits after
Jan. /. but when my dear friends.
Mr. Moody and Warren, asked me
to come to Detroit, could not re.
sist. and broke my resolution.
Detroit has become an ideal CITY
for the manufacture Of automobiles
al
Chicago Pneumatic Tool Co., In which
am interested, has been 80 success.
full here that It will stay, and II will
not be long before It must be en-.
larged with the growth OF its bust.
ness.
Detroit 10 becoming the Sheffleld
OF America, and Is achieving the repu-
tation In this country which the Eng.
lish city has had throughout the
world for the manufacture Of steel
products. Detroit IL producing thou
sands Of trained operatives, skillful
men Of the highest type Of Industrial
workers."
Speaking Of his own business, Mr..
Schwab said that his company had
recently acquired iron mines In Chile,
and will ship ore by way OF the Pan
anna canal AZ soon az II Is opened
This will necessitate building q line
OF steamers.
The Panama canal will .benent all
parts of the country, but especially
the middle west" he said. This sec.
lticn will profit because it will be the
meeting point Of east and west trade"
Mr.. Schwab declined to discuss pol.
| itics. further than to say that the bust
ness world Is looking with arprehen-
sion to a revision Of the tariff, and
that an anticipation Of II is unsettling
trade and the stock market.
| Detroit will not be affected to any
great extent by tariff legislation he
declared. "Detroit's industries are not
those which will be hardest hit by any
material change in the schedules
Mr.. Schwab has new car. which
bears the name Of the old one, "Loret-
TO-" 1t is beautifully and richly fur
nished. and Is said to be the finest
car of its kind ever constructed.
The steel magnate insisted that his
visitors have breakfast. and wien they
explained that they had already eaten.
he would not let them start on their
trip about the city without a cup OF
coffee. When this ceremony had been
performed, Mr.. Schwab and his enter.
! tainers rode about Detroit In automo-
biIes. and went to the Detroit club at
noon, where Mr.. Moody had invited