Show CASH SAVED BY STEEL MERGERS Schwab Believes Gigantic Monopoly Would Be Economic Benefit NEW YORK TORK Jan It 16 Charles hule M Schwab chairman of the Bethlehem Steel corporation believes believe that the grouping of every steel otcel company In inthis Inthis this country under one head would be bea bea bea a good thing economically but in ex cx- cx cx pressing this opinion at ot a banquet of 01 state bankers Monday night declared ho he was not ad it for for mIni ny sons sons rca which he did not elaborate I Ho lie referred to the thc merger of ot the nna Steel company with tile the Bethlehem Steel as an Illustration of what economies economics would be he affected In I o and other charges by com corn combined operation In the two months of this combined operation between and had been saved he said He lie predicted that the United States would be tIme the workshop of the world and that the outlook for tor Industry e r was so 00 good rood as ns at present Why y should the banks discriminate discriminate ate against the Industrial ho n asked ked They are founded on the and Integrity of those who manage the industries they lire are founded on the thc future of the All the Iho nione mone money of oC the thc United government will not bo he enough h to suP suP- suPport support sup support port tile the Industry of the in inthe inthe t the hc fut future ure The Thc greatest economy conomy that lIat can come to this tills country Is doing business Oi 01 banking on tile the largest scale pos pos- pos possible sible Ible I think the IIII Idea of the United SLates Steel Stel corporation is S originated originated ed with me was an economic oncI one When Wh Vh n I entered entend business with Ith An- An Andrew Andrew An Andrew I drew Carnegie and Captain Bill 1311 Jones Jone 40 years ago the tho capacity of 01 the was nas SOO of steel per car ar Today we ne think we no are arc not d do- do doIng do doing ing well unit unless wo so produce 50 tons a lear car and we base ha 11 e just begun |