Show Views of the Nations Nation's Press the showplace summer estate of the late Charles M. M Schwab in the Allegheny Allegheny Al Al- Allegheny mountains near Loretto Lo Lo- Loretto Loretto Pa once valued at more than was knocked down at auction the other day for Friends of near-by near St. St Francis college paid for the 26 room mansion the seven cottages cot cot- and the acres of weedy gardens d decaying terraces rusting fountains and empty pools A number of adjacent farms brought more In its day gave steady employment to more than I persons and the taxes paid on it by Schwab largely supported the town of Loretto Nobody it is said should be allowed to get rich out of war Perhaps what has happened to n and what Is happen happen- ing to many another estate of ot its type is evidence as good as any that nobody will get rich out of this war There were booming war babies in 1918 when Charles M. M Schwab rode the crest but the stock market of 1942 languishes in the dol dol- dol- dol drums Excess profits fade before before before be be- be- be fore the governments government's demands Those whose dividends have supported supported supported sup sup- ported them in luxury begin to worry about meeting their income income income in in- in- in come tax bills levied against last We Ve shed no tears for the fate of As college property property property prop prop- erty devoted to the education of youth it will do more than ever before to justify its ex ex- ex- ex The era symbolized by is gone perhaps forever forever forever for for- ever and the era symbolized by new usefulness may be a much better one e Cleve Cleve land Press 6 |