Belington progressive. [volume] (Belington, W. Va.) 1912-1927, 1914-11-26
GREAT CHANGES
Are COMING SOON
Steel King C. M. Schwab Declares
United States Is Entering Upon
New Era.

NEW YORK, Nov. PIT am free
= say that / believe we are on the
threshold of great change. ! ara
convinced we are about to enter upon
an era of great business revival"
That was the statement made by
Charles M. Schwah, head of the Beth
lchem Steel Company, who returned
yesterday on the Adriatic from Eu-
rope, where he had been. for some
time looking after business activities
IN which he is interested.
He is building battleship in Ger
nany for Greece, and recently con-
Eacted with the Gillian and Chinese
governments to supply them with for
tifications and guns.
1t should be said that Mr. Schwab's
recent trip to Europe was not in quest
# contracts with the British govern
nent and that he made none during
his stay in London. This is made
dear because of reports abroad that
he had gone. to London to sign new
contracts with the English war Office.
Mr.. Schwab, concerning the business
situation in America and the effect of
the war upon it, in his clear, direct
manner, brought out several import
ant points in a statement that he de-
dared to be his first optimistic inter
view in three years.
He said:
"For several years have been
rather pessimistic as to business con-
ditions throughout the world, and es-
pecially in the United States, but now
am free to say that believe we are
on the threshold Of great change.
The conditions in the United States
take on two phases-frst, CONNER
cial, and second, political. | am CON
WINGED that we are about to enter upon
an era of a great business revival and
that the depression which has hung so
heavy upon US for several years past
has reached the end.
"There is at best only narrow line,
dividing good times from bad times,
and in spite Of the evil effect of the
war with its heavy check to the
worlds production, conditions in
America are shaping SO now that it
needs only a degree of steadiness and
cool perseverance to translate bad
into good-to bring about complete
restoration of commercial confidence
and inspire an expansion instead of
continual contraction.
"After the first flush Of discourage
ment has passed it must be seen that
We in America are in favbraole po-
sition because of the war Our coun-
try is the only one so situated. We
are the only nation today that has i'm
posed no export embargoes. Every
other neutral nation has taken this
step
And the few embargoes that have
been placed by the belligerents on ex-
ports to our country are being lifted
because they want what we can send
them, and so in turn they must give
as what we need Fortunately our
needs are few, and through the enter
prise of our manufacturers these
needs are growing less each year.
1.-THE markets of the world that
have been controlled in large part by
Great Britain and Germany still ex-
ist They demand supplies, and it is
our duty and opportunity to answer
the demand. The staples of life are
still essential and America can supply
thea and do it IN such way that
WI peace comes again her position
She be secure in leadership.
'"rhne is, / fear, mistaken inn
pressi1 ag to the extent contracts for
war ) uppltes play in the upbuilding Of
our trade They are scarcely of sig
nificanc N the bigger prospect that
il Offered II our view. Their volume
is not sufficient to justify serious at
tentionE There are but few materials
we are IA . position To supply without
contravening international law. 1t
will be through ths main body Of orr
commerce thai tlass good tines viii be
brought back and our period of de-
preston ended.
'The second phase mention-polit-
cal-bears heavily upon the return
of general confidence. Our govern
ment at Washington has shown in
every way disposition to end the !,
enactment Of what has been termed
destructive legislation. Whether or
not such legislation has been proper
" named | need not go into.
Doubtless much Of it was good and
was intended to be better, but the
fact remains that in part at least, the
legislation had the effect of creating
business timidity. Nothing is SO deli