Salt Lake Telegram | 1934-05-24 | Page 9 | [Illegible] to Resign Steel Group Post

Y CH AB TO RESIGN STEEl GR UP POST ill Quit Chairmanship of Steel Institute r YEW NEW EW Y YORK RK May 24 r P Charles Schwab chairman o of the Bethle ai rn Steel corporation today an an- his intention to tender his from the American Iron d Steel institute The veteran steel liter lster Is chairman of the body Schwab told institute members at ir semiannual meeting today that the steel industry's current Z rate rate of 55 per cent of capacity can COln continued the price schedules for e third quarter Will vill permit most el Lel companies tY to earn something their investment rile rhe st stockholders stockholders- sald rsc ald Schwab arc rare titled t to a return on n their invest invest- nt and no gov government policy can dure which b would p pauperize any tion of ot population ie declared the he time had arrived remove remove all U barriers to natural and employment and that certain islat on should be modified re re- ring pa particularly to the securities cs rom Com 11 M. M Girdler pr president ident of ot the public Steel corporation s said id that bor unrest was the most serious in the path of of recover recovery He pressed the opinion that there are armous tonnages of or steel needed take care of requirements which umul t d durin during the past last four irs