Show I Ir r STORY OF SCHWAB'S PRODIGALITY PERPLEXES PER WALL STREET N VV S NEW YORK Nov No O 4 The i. The London story describing Charles M. M Schwab's Schwab present ph physical and his condition reported re re- ported prodigality allt has hs caused no end cud of or comment In financIal financial circles The Wall Vali Street Summary says It se seems ml to be recognized that Mr Ir Schwab's election to the position of or president was Wets at tho the request If Ir not actual actual actual ac ac- ac- ac demand of Andrew Carnegie atthe at atthe atthe the time of oC the formation of or the corporation corporation cor cor- but that he was not the first choice of or man many o of of the members of or the board who while they recognised his great ability In the steel business were not j that he was preeminently eminent pro rc nt- nt I ly qualified to nil flit the high office of oC president of or the largest corporation inthe In Inthe Inthe the world Many believe that hl hi his resignation e lg- lg nation would not be received with unalloyed un un- ml- ml alloyed displeasure When hen John JohnV W. W Gates was spoken to concerning the thc re re- re i port nort he ie said i Well Veil Im I'm 1 surprised cd that that that-eo Then checking him himself he lIe continued But I have nothing to sa say Oliver Wren Mr Ir Schwab's private secretary said I j am in constant touch touch with Mr Ir Schwab His health Is much Improved Here Is a that shows he is enjoying a much- much needed recreation Just JUt when Mr 11 Schwab will return 1 homo home I am not pre pre- prepared pared lared to state He lie will sta stay abroad for forthe forthe forthe the period of or time arranged before he heIft left Ift here which was not made public because It was or of no public DubUc Interest These There newspaper stories are arc all un un- Un- Un tru true c. c Judge Elbert H. H Gary chairman of the executive committee e of the steel teel corporation calls the he report rubbish and George GeorS-c W. W Perkins who Is at the head of or the financial committee deigned only ono word Absurd Other Wall street men were Inclined to look upon the report from rom the angle of their thell special Interests giving g it credence cre cre- dence or not as It suited their thell ends By some It was referred to as a a. stock stock- jobbing attack Those who profess to have Inside Information say that it Is not Mr 11 Schwab's purpose to return to this tills countr country before April next |