Show i SCHWAB AB RESIGNS AS SHIP CHIEF CHIEFf I f President Accepts by Wireless Wireless Wire Wire- ireI ire I less Ret Retirement of Fleet Corporation Head e o Washington Dec 7 Charles Chlrles Charles M M. Schwab director general of or the enter emer emergency gency fleet corporation who laid aside his own shipbuilding plans eight months ago ngo to help build ships for tor tho tiro I government received recel word b by wireless from President Wilson Nilson tonight ht that his resignation had been accepted I It had boon been understood hero here for some I I time that Mr r Schwab was gas anxious to tobe tobe tobo be bo relieved of ot the tho office BO so that he could again take up exten extensive Interests Inter Inter- ests ceta ho he relinquished when asked to become tho the directing force torce of ot the tho country's coun- coun try's war time shipbuilding pro program ram although it was not known that his re resignation l watt wad placed In tho handy hands of ot tho the President the latter's departure do- do Wednesday a for tor Europe Mr r. r Schwab wary waa not in Washington tonight but It was that ho hoI would retire at rt once and that Charles CharI os I Plez vice president and general manI manager man man- ager I of oC the cm fleet corporation corporation corpora corpora- tion would carr carry on the work exactly as l hero heretofore to fore President Wilson In accepting tho the di director dl- dl l- l rector generals general's resignation in a message message message mes mes- sage sent Bent to the White House from the transport George Geore Washington with Instructions that It be bo cO conveyed ed to Mr 11 Schwab Sch said eald- I ac accept your cur resignation only be because because because be- be cause you wi wish h it Il and because I feel I must do co to n fairness to you You havo have been exceedingly generous In giving giving 1 ing InC your our services and they havo have been invaluable In Want ant to thank than you Ou cr very cordially indeed for tor al all that you OU haver have ha j J r donor done Shall hall a always aaa a It as I 1 am s sure re all your associates in the government government gov gov- ov-I ov I will as ns a service ser of oC unusual value and distinction Colb Colby vice president of ot the United States shipping board who has been closely losely with the director general said tonight ht that Mr Ir Schwab had rendered service Mr of ot tho greatest value and had contributed what was ex expected peeled of ot him Mr Ir Colb Colby said that Mr Schwab made mado madeno no changes In the and that it would be carried on by Mr lr Pier Plez whom ho he described as ns Its strong undertone undertone undertone under under- tone and a man in every overy wa way equipped to continuo continue a branch of go government eminent service no leas less important now than in lit war time |