| Show B SPENDS 1 1 I I ON PLANT I SAN fRANCiSCO I Town Ton Is Bon to Succeed He Says in ng the Union Iron roll Works Pi Pin No Criticism of Nev d SAN FRANCISCO FEANCISCO CAL OCT OCT- 19 CHARLES M. M V SCH SCHWAB AB ADDRESSED A MEETING OF THE MOST IN INFLUENTIAL INFLUENTIAL FLU MEN IN SAN FRANCISCO FEANCISCO AT NOON TODAY IN THE BOARD BOARDROOM BOARDROOM ROOM BOOM OF THE MERCHANTS MERCHANTS' EX EX- CHANGE HIS SUBJECT WAS VAS SAN FRANCISCO'S FEANCISCO'S INDUSTRIAL SITUATION SITUATION SITUA SITUA- TION AND HER HEE COMMERCIAL FU FU- TURE THE MOST IMPORTANT OF THE DIRECT STATEMENTS MADE BY MR MB SCHWAB V WAS AS THAT AFTER LOOKING THE GROUND OVER OVEE CAREFULLY Y HE HAS DECIDED DECIDED DECIDED DE DE- NOT ONLY TO CONTINUE I THE UNION IRON WORKS BUT TO MODERNIZE THAT SHIPBUILDING AND STRUCTURAL PLANT AT A ACOST ACOST ACOST COST OF 1 OR OB MORE AND ENLARGE ITS IrS CAPACITY OUTPUT This announcement threw his lila audi audi- I once enco into a turmoil of and ch cheers c rs Mr Ir Schwab declared that the conditions conditions conditions condi condi- of industrial warfare existent in iu San Francisco canno cannot survive ei that the tho unusual and abnormal scale of prices for labor Jabor imposed by the unions ou on capital cap cap- ital in in this city must fall that confidence conti dence as between themselves and amI tho the integrity rity of the courts must bo restored among the people of San Francisco Francis o that no lie is not an enemy of organized labor but is ie opposed to the wa way labor Jabor unions are administered toda today that San Francisco II cannot help succeed succeed- lug ine and that this city cit has before it ita a future greater in jp industrial c ci cial l and ami economical ec nom l achievements achievements' thanin than thanin in its past After his address Mr Jr Schwab in reply re- re ph ply to a question asked the Associated Press to make for him him the following statement My recent criticisms rc regarding arding- arding Nevada Nevada Ne Ne- vada ad have nave been misunderstood I J have not criticised and do not criticise tho the citizens of that state My criticisms criticism were directed solely aga against the men meu who have JUlye brought the thc mines of Nevada e York to New |
