The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1922-03-03
HOP 8 BUSINESS NDIr1oN S
WILL SOON JUSTIFY OPERATION
OF moUNpsvuLE SHELTER
BETHLEHEM STEEL PRESIDENT Is
GUEST OF KIwANIS CLUE AND
MAKES SK At ADDRESS
TAKE CARE OF YOUR JOB" HE Ap-
VISESISAYS WORST DEPRES-
SION IN Al YEARS Is OVER

Charles VI. SchwaO PRESIDENT OF NV
bethlehem Steel corporation LETT Wheel
ing late yesterday afternoon for lItS-
burgh and Youngstown. after paying
brief visit to wheeling and spending
TWO hours in Moundsville Inspecting the
plant OF the United ENC Smciter coTpor-
alton. Mr.. Schwah WAS accompanied
by b. I.iSSenberger, president or inc
United Zinc Smclter corporation and
w. Fl. Lohman and they were accompan-
led OF the trip to Pittsburgh and
youngstown by Otto Proelss, general
manager Of the NoundsvMle smelteC.
Aside from expressing themselves as
welt pleased with the progress being
made in completing the addition to
the Moundsville smelter, neither Mr..
Schwab nor PRESIDENT Lissenherger had
any announcement TO make concerning
the MoundSville plant other than 10 say
that 1t can hardly be expected that the
plant will be placed in full operation
until zinc products prices reach Il 4e'e'
that will warrant speeding up produc-
ton, and tina, no further engagements
Of the plant arc planned for the present
A million dollars Is being expended IN
the addition now nearing completion
Arriving in Wheeling at 1920 O'Clock
Thursday in his private car. Mr.. Fh"ao
and his party were met At the Pcnnsy
station by a committee from the HI
wants club composed or DR.. .. W. Hur-
dats. Attorney George 4. Biacktord ana
r r Robinson. Mr.. Schwab reaol!S
consented to accept an invitation TO at
tend the kiwan!s luncheon at the NC
I,urs hotel and Mr.. LiSsenoerS and M
Lehman accompanied him. The apPea,
ancs of the steel magnate IN the NJ
wants dining hail was greeted Win
storm OF applause which was repea'eN
when he was introduced to SPEAK
Before he went TO the MCLul'' -h''
Schwab granted a brief interFle" 10
newspaper reporters. and eTpreSseu n''
faith in the ability OF American enter
prise 10 carry industry through any
period .oc depression. no matter NO"
trying Il might be. -,
"rhere is one thing new can tell
YOU" he said TN fOrty-onc years III
the steel industry l have never seen a
period Of depression equal to that We
have passed through"
Stressing his belief that the crisis Is
past he said. II feel sure that we are
about to experience an early return 10
prosperity equal at least TO that or nor
mai times, and feel more or less Ger
tain that we will regain and enlarge
our foreign commerce and restore the
trade balance we have lost"
Concerning the Mouudsv!le plant OF
the United Zinc Smcltcr corporation.
Mr. Schwab expressed the belief that
before long conditions will have arrived
which will justify running the plant in
full.
Mr.. Schwab's address before the XII
wants club radiated with wit and happy
optimism. He said:
"I haven't been IN Wheeling for two
years, and I'm here now only 10 in
spect the United Zinc Smelling plant IN
Moundsyiile In which | an Interested.
but I'm glad 10 have the opportunity OF
speaking to you men and TO be In your
city again. The first time | was IN
Wheeling was So years ago. Since then
YOUR city has grown until II Is ono or
the big factors of tho steel world. Tho
mills that were then laughed At ~
Wheeling people themselves hI HeIns
small and out Of the beaten track have
become huge industries and united to-
rether into the wheeling Steel CORPORA
ton under the leadership OF my friend.
Mr., Abbott who IS here now have taken
first rank among the countrys steel
Industries. ~
Like many other of our industries
hey are examples Of a condition I have
learned to be true of all successful
the steel industry have taught me that
there IS no such thing rs building 4
plant too large II Il Is to lie successful
I remember nt recently reading an old
letter from the late Andrew Carnegie
!, which he gave me pcrmisS!o 10 con-
struct 4 rail mill At Eraddock. Ia. I
wrote 70 Mr.. Carnegie that the time
would como when that mill would be
turning out thousand tons OF raIiS
cvery day. The answer | received IN
Mr. Carnegie's characteristic tone VA
OF a different opinion. lie said. We
been foolish enough tn allow you 10
spend this money but | Will not sub
scriur TO any such 4 foolish statement
aS that am not fool enough. 10 be-
l;eve that the demand for steel rails
n the United States will ever he big