Show Going to School With Congress The Tillman bill which provides for the expenditure of for a government owned armor factory has been reported to the house hone This bill has been the occasion of one of the most exciting educational 1 campaigns ever waged in W Washington But Bethlehem Bethle Bethie- hem Steel company has lias been especially solicitous that congress should be educated and has contributed considerable literature to that end The second of a series of statements To the tIre Members l of Congress Congress Congress Con Con- gress gress comments on the comp company's nys ny's offer to reduce the price of steel to the government from 25 25 25 a ton present price to a ton for fora a period of of- five years And if this proposition is not satisfactory the company offers to confer under certain conditions with the secretary of the navy and 10 jo guarantee to manufacture armor at a a a. price which will be itself quite as low as the lowest price at which the government could possibly possibly pos pos- sibly make it We make the foregoing proposition rather than have our our plant rendered useless runs the letter Ietter We have invested over 7 in in that plant as inventoried today not taking into account large sums sums certainly certainly ex ex expended for plant and equipment abandoned because of becoming obsolete Our armor plant is useless for any other purpose The United States is our only customer and if that customer is is lost the plant becomes valueless Stopping here some of us might conclude that the government by bJ building its own armor plant would completely destroy one of the tle country's great in industries And that is exactly what the he armor makers want the public to believe But the public is not so gullible Seeking more light on this subject we found it in the very words of f Schwab himself Speaking to to the stockholders of the Bethlehem Steel company recently Schwab said according to an Eastern exchange exchange ex ex- change r iThe i- i The Bethlehem Bethlehem company has has invested some in an arm armor r plant Should a government plant be built that investment would be practically valueless Of course this investment investment is only about 5 per percent cent of the total investment in the company's various properties and the total armor business Is less than 3 per cent of the annual gross turnover The integrity of the corporation does not depend upon armor manufacture Persons who WILO have become excited about the destruction of private private vate yate business interests due to government ownership of an armor pla plate e plant wo would ll bet better er read Sc Schwab's sta statement ement again Theres There's enlightenment in 1111 it which should not be coll confined to Bethlehem stockholders stockholders stockholders stock stock- holders alone p. t |