The Washington herald., 1918-02-25
SCHWAB REAL
2 M ADOO RIVAL
Holland Says Steel Master
Possesses Wonderful
Power with Foresight.

Charles NJ. Schwab and William
!. C. McAdoo are now at the age reck-
oned by birthdays which is the aver
age age OF almost all OF the Pres
I idents of the United States. Roose-
Welt was the only President able to
retire as a sage at fifty years OF
I age. According to one report Mr..
Schwab's hfty-sixth birthday was on
me Monday between the anniversary
-of the birth of Abraham Lincoln
and the anniversary of the birth of
George Washington.
Other records report that Mr..
4Schwab's birthday was in April, 1867.
about a year earlier than the birth
pf MIR. McAdoo. Therefore whether
he date of the birth be in February
in April Mr.. Schwab is now. If
II at the maturity of his powers.
least in the youth of that ma
Fity.
For II there be contemplation of
D achievements since he was 20
ars Of age and especially since
exalted industrial leadership
hen he was between 30 and 10 years
dSc. lht IEdSOhS oAC NANNAASAaN
br believing that he has not yet
ttained the height of his achieve
nents and that probably. in the
beriod of adjustment which will fol-
bow the close of the European war.
| he may gain more distinguished tri-
k,umphs, not only personal, but those
(which are for the advantage of the
AMERICAN people. than he has al
ready secured.
The remark has sometimes been
made since the war began and es-
\ peciaIly since Secretary McAdoo be-
came Director General of the Fed
eralized railways of the United
States who i'm the variety of his
activities and the magnitude Of them
can be compared with Secretary Nc
Adoo. The man thus referred to is
MIR. Schwab.
1t has been said. however. that
there is a difference between the
leadership of Mr.. Schwab and Sec
rotary McAdoo, because in the case
of Mr. Schwab he is not only para
mount but supreme in authority in
all the undertakings with which he
is and has been occupied. whereas
on the other hand Secretary McAdoo
is encompassed by statutes, more
or less enslaved by precedents, anne
nable to criticism. some of which
is severe although now most of it
\ is friendly, and moreover stands as
the representative OF the American
people, under President Wilson, in
these days OF war and must until
mately answer to the people.
Mr.. Schwab is the master of his
own destiniC5. His directors are not
nnINr hfa Frfan1a hut frfn
. servants. His advice is not merely
needed. but regarded as the best
that can be given. He is able, there
4 fore, to go ahead. confident that
his associates and subordinates will
Ployally support him in accepting OBJ
legations which involve the employ
ment OF thousands OF men, the pur-
chase of supplies aggregating mil
lions, the manufacture OF Commodi-
ties unmatched in money value even
by the commodities produced by the
Nrupps of Germany, and to act upon
Intuitive and instant judgment with
respect to these various transactions.
Schwab and the Future.
How far ahead Mr.. Schwab is able
10 project his mental vision has been
several times wonderfully DEM
onstrated. 1t is evident that he is
now looking far ahead. For instance:
realizing what the iron situation was.
what the need of the ore for his
works at Bethlehem was to be. he
, almost upon the instant, two or three
years before the war began. con-
tracted for the construction of six ore
bearing steamships by means OF
which the ores which are dug from
no rUinag in Chilli Of which no
\ obtained concessions from the Chilean
government can be transported by
way of the Panama Canal TO the
Deleware River. thence by rail to his
plant at Bethlehem.
Every leader in the iron and steel
iudustry Of the United States at once
realized that Mr.. Schwab was looking
far into the future when he under
FtoOk this unparalleled adventure.
\ The only comparison which can be
reasonably made with 1t was the un-
dertakinE of James ]. Hill to build
large OCean-goinE steamers by means
NJ which a great international trade
between the far East and the West
4 eru coast of the United States could
be established.
Not through any error in judg-
ment of Mr.. Hills. but by reason of
the fact that the Interstate Com
mcrce Commission put it's prohibi-
1tory finger upon the plan. was this
project brought to an unsatisfac-
Ptory termination.
Then again, although chiefly for
war reasons. Mr.. Schwab. upon the
instant, decided to spend millions
in the construction of a great plant
upon the shores Of Chesapeake Bay.
After the war is ended this plant
will be utilized undoubtedly for
purposes which Mr.. SchwAb has
clearly in mind.
He came also upon the instant
to the rescue OF Great Britain at a
critical time OF the war, pIedging
himself in a conversation with Lord
! Kitchener of not more than ten
minutes' duration. to supply in a
short time the largest amount OF a
fertain kind of munition of war
which at that time had been con-
rated for with one corporation.
Furthermore. he kept his pledge.
Schwab As a FInancier.
There are some men who have
Fained brilliant successes upon the
Pperating or manufacturing side of
he iron and steel industry. There
re others who have revealed re-
narkable ability in financing these
PROPOSITIONS. Mr.. SChwab, like James
Hill. is the master of great fnanc-
-. as Hill was also of supremely
5 "a EA 1 - EVA n