Evening star., 1921-04-28
GERMANS OUTSTR|P
US, SAYS SCHWAB
Also Leads Allies in Race To-
ward NormaICy, De-
CIares Steel Man.
Rr The AsSnciared Pres

NEW YORK, April gS-tirrmany.
through The economy and sacrifices -
her working people. has settled down
10 real production and r. outstrl pplaS
the United States and allied nations
in the fight towa-d normalcy. charI"s
NJ. Schwab declared here today. in an
address before the Chamber OF Com
merce of the State of New York.
MIR. Schwab was the guest Of the
chamber at "A reception ElNrn IN recoG-
milton of has service 10 the country
during the war.
Germany today can put ton or
steel in England at a price S20 "A ton
cheaper than England can make li
he said. and is selling pneumatic
tools in Detroit. where formerly Ne
shipped such machinery to Germany
and sold II cheaper than she could
make it.
The difference is solely a matter
Of labor costs.
3.eO0.OOO idle I'm United stntes.
1t is estimated that 5.eon."u" men
are out of WORK III this country 1T Is
accordingly Of supr Importance Z"
the working men a. We'll AS 10 The
capitals 10 restore our prosperity.
Never before WAS tho neud for
products 50 great. Never before Va
such valuable producing machinrry
and facility available. Never before
was there. so much that needed TO he
done.
Il have just returned from Europe
and | cam. with r,-ucW ed adm irat ION
for the courage, the enterprise. ;h''
determination displayed IN ItAlN. Bel
gium. France and Eacland. Germany
WAS ahead Of al OF them in produc-
tlon.
rs it possible that after having
won the war We of the allied nations
with everything in our hands WIZ
allow Germany To win the peace
through the efforts OF her labor?
Pay 4" Labor.
Labor on the whole. can he paid
only what labor. as a whole, earns. and
if some sections of labor exact more
than their share OF the current pro-
duce of the world, other sections are
going to suffer. | understand that our
railroads today pay 10 labor over sixty
cents out of every dollar received
The labor cost of making "A ton OF steel
today is So cents out of each dollar OF
total cost.
Labor costs underlie our railroad
difficulty. They are the cause OF the
excessive railroad rates. We formerly
sold pig iron at "A profit at about sli
ton. Today the total freight rates
involved in making ton Of pig iron
are more than Sl4.
But the railroads cannot give serv-
ice. even at present rates. with their
existing costs. Railroad costs must
come down, and il IS in the interests @;
national prosperity that Our govern
ment. acting through the Railloa
Labor Board and every other agency,
shall reduce railroad wages and bring
costs down TO a living point.
Labor in shipping.
THE same situation coafronts our
merchant marine. In operating.
building and repairing ships labor
costs are hopeiessly high. That this
is true is shown by the millions OF
tons of shipping now lying idle, the
great number of shipyards with no
work to do and the hundreds oi thou
| sands of idle shipping and shipbuiid-
ing workmen.
I'm so far AS our people in Amer
lea are prepared to go to work al rea-
Sonable wages, in so far as we are
prepared quickly to abandon the artl-
fetal extraVaganceS of the war, VIII
we lay the foundations for new
prosperity such as we have never en-
joyed before.
This is the route through which
not merely America. but the peoples
of our allies can find their way out,
and triumph in peace as they did in
war"
Darwin p. Kingsley. president of
the chamber. delivered an address eu-
logizing MIR Schwab for his services
during the war.
The chamber presented to Mr..
Schwab a bronze tablet. at the top of
which was inscribed words uttered by
Iachimo. a character in Shakespeare
niav. .'Cymbeine." The quotation
reads:
Here's a voucher stronger than ever
law could make.