Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-01-14
SCHWAb ASSERTS
WAR IS BAN|SHED
Only Minor Conflicts Can Oh.
cur. Steel Magnate Says.
in Chirago.
By the Associated Press.

:. statement here last night.
There never can be another wal
that will approximate the recent
World War" he said. There never
was a war that did not spring from
commerce. with selfish trade motive:
at the bottom of it.
lie is against the World Court idea
but favors the tribunal at The Hague
Here in America, wonderful. power
full and isolated" he said. with nc
need OF interference from defeated
politicians abroad nor need of inter
esting herself in the troubles OF an
other nation
Millions of dollars invested in the
steel plants he heads will gladly be
seen sunk in the middle of the ocean
If that would aid in ending war.
Won't Enter Politics.
Nothing in the world would induce
me- to so into politics. said Mr.
SChwab when he was asked about
presidential aspirations.
Mr.. Schwab will sail from New
York Saturday for Europe. He viii
take along the shabby topcoat he
wore upon arrival here yesterday. 1T
IS the one | always prefer at sea-" he
said My valet only recently Sug
geSted il looked a little bad. He said
| had had it 20 years that he knew
of, and = re today one of the news
papers had to call attention to its
looks"
Mr.. Schwab last night reiterated his
forecast Of continued prosperity voiced
in Chicago last Fall, but to it he
coupled a stern warning of the para
mount necessity of economy through
out the whole economic structure of
the United States.
\ debated Europe. with lowered
standard Of living, men working
harder and longer hours at reduced
wages, threatens TO undersel Amer
lean goods, despite tariff walls. he told
those a the banquet of the twenty
third annual convention of the Amer
lean Road Builders Association.
Economical Production.
The only barrier that will save
our own markets and the foreign mar
lIets where we want TO have place
will be the barrier of economical pro
duction," he said.
Expenditure of great sums for road
building fitted in with his idea of
economy, however, because Of the ulti-
mate benefit for all the people.
THE road building industry Is in
every sense constructive. l do not
look upon expenditure for new roads
as expense or money used and eN-
hausted. l look upon it rather as an
o. investment which yields high returns
TO all the people, returns by the most
desirable method by which profits can
he realized, namely, through economy
in the actual conduct of the day :
work. The saving to our farmers and
TO all our people, and the reduced wear
and tear on motor cars and vehicles
generally through improved reads, is
infinitely more than the cost of inter
est and maintenance of these roads. "
E. He regarded the automobile as mo
longer a mere luxury; 1t is a neces-
ssity," and foresaw vast opportunities
for producing new wealth and happi-
ness through the combination of good
roads and increasing use of motor
cars.
Economy in Business.
eve in this country can never lose
sight of the need for economy in the
conduct of business" he said. Il am
a great enthusiast about the automo-
bile business, for instance, but when
I think of the waste of unnecessary
competition and duplication OF effort,
! am impressed with the limitleSS pos
sof interests, and the great savings in
.cnst which can be transmitted to con-
sumers and thus make possible still
greater growth of this amazing in
,Gustry."
His greatest confidence in the imme-
date future prosperity of the United
States he got from the fact that
there is now prevailing a healthier and
happier relationship between employ
-ers and employees in this country.
. "BolShevism is tabooed by our great
est labor organizations; socialism is at
"A very low ebb. Our employers are
realizing that our greatest prosperity
can come in improving the lot of the
men who work with them; and EN-
ployes are realizing that little is gained
through fighting those who invest
their money in industry or those who
spend their time in the conduct OF
industry.
With employers and employees sit
ting down TO discuss their common in
terests together. and then working
hard to promote the welfare of one
another, we find condition justifying
enthusiasm over the future which we