NEW \"'>II"K, 1 'ecetnbe; L'l Ameti
can siiips should be permitted to pass
through 'lie I'anaina I'.mu! at lower
?"lis than foreign vessel... declared
Chiirles ,\l Schwab, president of the
Bethlehem Steel t'orporatiou, in an ad
dress at a dinner given in his honor
by the l.otus Club to-night. Mr.
Schwab suggested tills as a means of
influencing \meiican ship owners
against tt ansl'erring their vessels to
foreigit. registry after the war and to
offset the disadvantage suffered by
Ainei icans in paying approximately 40
t?er ci iii more wages than owners of
Hritisii and Norwegian ships.
Mr. Schwab said the Panama Can.i!
is destined to plat a bigger and larger
I 'ii 11 iii American commerce.
"We built the Panama Canal Why
iot let A ineo)i;a n trade benetit b\ it?"
ho asked.
Mr Schwab predicted that afte- the
?a a there would he some icce.-sioii in
steel prices
"A period of depression will come
some tunc, and it may l>o severe." he
continued. "!>ut it will not beeoino
a'-ute, in m\ judgment, until at least
tii.? e to ii? . years- after the war is
anded."
Eniplotees of tin- Metiileheni Steel
? oi (.oration nuinborlng J3.00). earned
in average of a little more than SHOO
? <ar each, Mr. Schwab said, while
th;v ear men are earning an
iciiue of uearlt $1,200 each.
FIRE LOSS IS $35,000
k,io>ko .-Hid Wilier 4 iluir I >1111111 go In
llepartnn n( Stores In
I'eterslni rg.
I'E'i EKSIJI Iv.v, in nib< I :-t.
! ? w .e discovered m i he basement
of I voi. t e . . Inc., depa r t in) nt >'oic:,
?>??? North S . ? :ia? re S'reM. to-night.
