Evening journal., 1918-12-09
SCHWAB OUT AS
E. F. DIRECTOR
President by Wireless a. Sea
Accepts Res gnation Of
ShiI builder
PlEZ TO CONTINUE
DEPARTMENT WORK

WASHINGTON, Dec. 9.--Charles NJ.
Sohwab, Director General Of the Emer-
gency Fleet Corporation, who laid aside
his own shlpbuildlng plans eight
months ago TO help build ships for the
Government. received word by wireless
from President Wilson Saturday night
that his resignation had been accepted.
IL had been understood here for some
time that Mr.. Schwab was anxious 10
be relieved OF the office, so that he
could again take up extensive interests
he relinquished when asked TO become
the directing force OF the country's war
time shipbuilding program, although
It was not known that his resignation
was placed In the hands OF the Presi-
dent before the latter's departure, We'd
nesday. for Europe.
Mr.. Schwab was not in Washington
on Saturday. but ii was stated that he
would retire at once and that Charles
Piez, vice-president and general man
sger OF the Emergency Fleet Corpor-
alton, would carry on the work exactly
as heretofore.
President Wilson, in accepting the
Director Generals resignation in a mes |
sage sent 70 the White House from the |
transport George Washington with in |
structions that 1t be conveyed TO Mr.. |
Schwab, said:-
accept your resignation only be-
cause you wish it and because l feel
l must do so in fairness to you.
You have been exceedingly gen
erous IN giving your services and
they have been invaluable. Want
TO thank you cordially indeed for
all that you have done. Shall al
ways remember IL, as am sure all
your associates In the Government
will, as a service Of unusual value
and distinction.
Bainbridge Colby, vice-president OF
the United States Shipping Board, who
has been closely associated with the
Director General, said that Mr.. Schwab
had given service Of the greatest value
and had contributed what was ex-
peoted Of him.
'Nir. Schwab's retirement has certain
Mr.. Colby said, because I
his work Is done and his business af-
fairs which he cheefully set aside last
April, now require his undivided at {
iention. II
He leaves with the warm appreci- 8
lion and cordial good will Of all who a
have watched the work that was set !
out TO be done in bringing tonnage up ly
10 the worlds requirements" :
Mr.. Colby said that Mr.. Schwab made
10 changes In the organization and
hat 10 would be carried on by Mr..
oiez, whom he described as its strong
lndertone, and a man In every way
equipped 10 continue a branch OF Gov
lrnment service no less important now
han in war times.
AS chairman OF the board Of directors
4 the Bethlehem Steel Corporation and
illied concerns, Mr.. Schwab was in
ontrol Of about one-third OF the ship
'uilding In the United States at the
ime he was drafted by the. President.
Ie announced then that he was ready
0 make any sacrifice or readiustment
D his business which might be neces-
ary.
In taking charge OF the work he
q II be known that success depended
pom the individual efforts Of the men
! shipyards.
'The great burden Of this program"
9 said then, falls on the people In
he yards. II the ships are built in
me to bring victory over Germany.
o credit will belong 10 anybody in
but TO the men on the
round. Our task here Is to super
Ise, to encourage and TO devise
Iethods."