New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-11-21
'SCHWAB SILENT
ABOUT AUDACIOUS
Steel Man, Who Was on
the Olympic at Time of
Disaster, Won't Talk.
REASON is, HE WAS
GUEST OF ENGLAND
Here on the Adrlatic, Predicts
Prosperity-Denies New Con-
tracts with Allies.

Charles NJ. Schwab. president OF the
Bethlehem Steel Company, and Archi-
bald Johnston, the first president,
who were passengers on the White Star
liner Olympic when she rescued the
crew and tried TO tow the lost British
battle-cruiser Audacious, arrived here
last night from Liverpool by the White
Star liner Adriatic after business
trip Of two weeks in England.
Mr. Schwab contributed no informa-
tion concerning the loss of the British
warship. Tho subject was brought to
his attention. but he declared that he
had been practically a guest of the
British government since his arrival in
England, and as such he could not talk
of the nations affairs. When informed
/ that official confirmation had come out
concerning the Audacious, Mr.. Schwab
said: We'll, that is sufficient, and there
IS nothing more 10 be said about 1t"
The steel man was in a much more
optimistic frame Of mind than when he
departed on the Olympic, month ago.
81 have not felt so confident of the
bright outlook for really prosperous
conditions in America in three years"
.
increase of business prosperity, not one
of those industrial hurries, but pros
perity on a good, substantial basis.
THE United States is going 20 be
favorably benefited by the lamentable
conditions existing in Europe, and she
Will perhaps be the most favored of all
neutral powers. For example, Germany
has been producing from 100000 TO
100000 tons Of steel annually, 8,000.-
600 10 l0,000,00 tons of which she had
exported. This industry has either
been stitied completely or greately
crippled, and the world must turn to
the United States for steel"
Mr.. Schwab denied emphatically that
he and Mr.. Johnston had made new
contracts with the British or French
governments. lie said that before the
war he had some contracts with Great
Britain, but that these had not been
augmented. In this connection Mr.
Schwab made the ambiguous statement
that the good news he had brought over
with him was Of such a nature that IL
could not be made public just now.
The primary object of his trip to
England he said was TO attend 10 GER
tain details of his contract for coast
defc~,c armament along the CHILEAN
colst, the financing of which is being
carried on in London.
John r. Drexel, the retired banker, a
brother of Anthony j. Drexel, who is
with a French hospital corps, returned
on the Adriatic, accompanied by Mrs.
Drexel. He said he believed the war
would not be over for a year, and that
Germany would have 20 be starved out
before she would give in. Mr.. DreXel
said he felt confident that the London
Stock Exchange would not open for
many months.
Dr. David Jayne Hill. former Amer
lean Ambassad 10 Berlin, accom-
panied BY his wife and daughter, re
! turned on the Adriatic after n trip Of
four months in Switzerland and Paris.
DR.. Hill SAID that the Swiss had mobi-
lized about 100000 men as a measure
of defence, and would, he thought, be
able TO maintain their neutrality.
When the Adratic left Liverpool she
/ had among her saloon passengers Alex
ander Duncan, thirty-fOur years Old a
| Scotchman. Of wealthy parents, who
| lived at Rutland Gate. London. On
/ Wednesday he was missed, and It IS
/ believed he jumped into the sea while
! the vessel was weathering a heavy
westerly gale Even if the young man
had been seen 10 jump overheard it is
not likely that he could have been res
cued. II was said aboard the steam
ship that Duncan had brooded over
having been rejected for military duty
because of physical disability.