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Show SCHWAB CUTS ICE. Russian Authorities Consult Him Freely on Naval Matters. ST. PETERSRI"Ri. April 25 -Charles M. Schwab seems to be making a big im-presslOD im-presslOD here Ills reputation as a steel expert preceded him, and he Is being shown much attention Grand Duke Alexis has dlSCUSSed with him for several hours matters relating to Russia's naval programme, which as tentatively elaborated elabo-rated bv the technical committee, involves in-volves the expenditure of 1LA0oii OW during dur-ing a periml of ten years. Mr Schwab has also conferred with Admiral Douha-pofT. Douha-pofT. brad of the technical committee, and other prominent naval officers The war has convinced Russia that sea power is a ital one. and everywhere Mr. Schwab has encountered nothing but a firm Intention to build up the navy to a si.e commensurate with Russia's aspirations aspira-tions for the future In a general way It Is believed that certain arrangements touching America a fhare In the construction, construc-tion, which must go to foreign yards, have been already agreed to in principle. The details howevei ma: require some time to work out. Mr Schwab appears to be entirely satisfied with the result of his visit and negotiations have made such rapid progress that he expects to be able to lea e within a few days. It Is considered a great compliment lo the genius of America that the Russian naval authorities desired to consult Mr. Schwab's opinion. |