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MARINE R AND MARINE RECORD. WEEKLY. ] eee (ESTABLISHED, 1878. : Eastern Office, Vol. XXVIII 1028 Maritime Bldg., New York City Chicago Office, 373 Dearborn St. CLEVELAND, O., JULY 9, 1903. Published every Thursday at 39-41 Wade Bldg. by the Marine Review Pub. Co. | Subscription $3.00 year, © Foreign $4.50 year. Single Copy Io cents. No. 2 [Entered at Cleveland Post Office as second-class matter.] SCHWAB'S PASSING. Now that Charles M. Schwab has passed into practical eclipse there can be no feeling concerning his career than that of pity. This man had the heart of a lion and the energy of thunder, and yet at forty he is practically shelved. Everyone who met him ~ marveled at his natural endowment. He possessed magnificent strength. He had executive and mechanical ability of the high- est order, and undoubtedly a fair share of the success of the Car- negie group of enterprises was due to his courage and boldness of initiative. He began his manufacturing career as a stake driver at the age of nineteen, and life was an uninterrupted series of successes until he reached the age of thirty-eight. During that time he passed from stake driver to superintendent, to president of the Carnegie group of works and to the: presidency ofthe United States Steel Corporation. During the time that he was exclusively a Carnegie man he was confined to mechanical work. He had little to do with the financial end of things. He pos- sessed a small interest in the Carnegie enterprises and a large salary, which together constituted a respectable fortune. When the Carnegie plants were taken over at a princely advance over their book value Mr. Schwab profited well and became a very rich man. He looked after the interests of the minority holders of Carnegie stock in a manner which won for him their highest admiration. Undoubtedly it was Mr. Carnegie who pro- cured for him the presidency of the Steel Corporation. Up to this time Mr. Schwab's career had been such as any man might envy. But the presidency of the Steel Corporation appears to have been his undoing. It is undoubtedly an office in which the personal work of the president is an undefined quantity. The Steel: Corporation, being only a stockholding concern, the actual work was done by the presidents and executives of the subsidiary companies. That this is true is evidenced by the fact that the earnings of. the corporation showed no diminution during Mr. Schwab's prolonged absence*in Europe. Schwab during his ten- ure of office as president of the Carnegie company was ever under the watchful eye of Carnegie himself--and there is abundant -evi-- dence that Carnegie kept a tight grip on things notwithstanding his repeated flights to Skibo. Schwab as president of the Steel Corporation was answerable to no individual whatever. He seems to have been corroded by liberty. The first shake which the pub- lic had in its confidence of him came from Monte Carlo. Gam- bling is eminently wrong in a private individual; in Schwab's case it showed lamentable lack of judgment. He was the head of a corporation employing something like 165,000 men and having Over 50,000 stockholders. Was he setting an example of recti- tude to the men over whom he ruled or was he strengthening the faith of the stockholders in him by such conduct? The Monte Carlo episode distinctly injured Mr. Schwab. But the genius of the man was such that it was speedily forgotten when he re- turned and resumed the management of affairs. Then after a period of a few months' activity it was suddenly announced that his health had failed and that he was back in Europe again. He scattered money broadcast. He seemed to court notoriety by the most lavish expenditures and started the building of a house in New York city which would do to shelter a dozen kings. Then, alas! the speculative fever seized him. His recent plunges in this ot cannot find commendation in the eyes of the investing public. Mr. Corey, who succeeds Mr. Schwab, is to devote his time to the practical end of the business. It is understood that he will have nothing to do with the financial part of it. In this connec- tion it may be remarked that the corporation will endeavor to increase the production of all its plants. The pressure on the mills manufacturing rails is shown by the requisition made on the Edgar Thomson Steel Works, the management of which has been notified that the production for July is to be in excess of 70,000 tons, while the best previous record has been 68,500 tons. Mr. Corey's training has been entirely along manufacturing lines. ANOTHER ATLANTIC GIANT. _The White Star Line, conspicuous among the Atlantic com- panies in the size and power of its steamships, has just added another giant to its fleet in the Arabic, from the yard of Har- land & Wolff at Belfast, Ireland. This splendid steamer, though not quite so large as the Cedric and the Celtic, is one of'the greatest craft engaged in Atlantic carrying. She is 600 ft. long, 65 ft. wide, and 44 ft. deep, with a gross tonnage of 15,300 and a displacement of 26,500. The Arabic has luxurious cabin ac- commodations. Her first-class passengers are provided for amid- ships, and the second-class passengers have elegant quarters fur- ther aft. The third-class passengers have provision made for their comfort which would scarcely have been enjoyed by first-. class travelers a quarter of a century ago. Though the Arabic will carry many passengers, she also has the notably large cargo Capacity. of 16,500 tons. The ship is ventilated by air supplied by electrically-driven fans. There are electric heaters in the first- class staterooms. The Arabic has quadruple-expansion engines of 10,000 H. P., capable of developing a sea speed of about 16 knots. She makes her first eastward voyage from New York, sailing on Friday, July 10. The Arabic, like the other White -- Star ships, belongs to the great fleet of the International Mercan- tile Marine Co., the "Morgan merger." REPORT OF HYACINTH AND MINERVA TRIALS. _ The report of the further trials of the boilers of the British cruisers Hyacinth (water-tube) and Minerva (Scotch) was issued last week. It has, of course, already been foreshadowed in the Review. It occupies twenty-four pages and is illustrated by dia- grams. It states that the port engine of the Hyacinth broke down Feb. 16,,and the vessel accordingly made for Plymouth on Feb. 18. The Minerva completed her passage off St. Catharine's point at midnight and anchored at 1:33 a. m. on Feb. 18, the distance of 1,132.5 miles having been steamed in 61% hours at an average speed of 18.41 knots. The results of the passage are shown in tables, the records for the Minerva being for the whole period, while those for the Hyacinth do not extend beyond 7:50 a. m. on the 16th, when the accident occurred. The Hyacinth was averaging about half a knot more than the Minerva. It was reported by the Minerva that when passing Tarifa (1634 miles from Gibraltar) the Hyacinth was leading by 35 minutes; further, that in the next 17614 miles she increased this lead to 4714 minutes. At the latter portion of this period of the run the heating of the port engine of the Hya- cinth occurred, and after passing St. Vincent 'the engines were eased till the power developed was 8,900 I. H. P., the Minerva then developing 8,640 I. H. P. As a consequence, when passing the Burlings, 148% miles from St. Vincent, the Hyacinth had gained only another 214 minutes, the Minerva reporting her as then being 50 minutes ahead. After the port engine of the Hya- cinth broke down the ship proceeded at slow speed. - From the time taken by the Minerva to overhaul and pass her, it is esti-. mated that at the time of the breakdown the Hyacinth was lead- ing by about 17 miles, of which about 9 miles were due to the time gained in getting under way at Gibraltar. Beyond a few slight leaks in the boilers, probably due to such rapid raising of steam, no trouble.was experienced with either the machinery or boilers of the Minerva. As'regards the boilers of the Hyacinth, no de- fects of consequence have been discovered. No engine defects are reported from the Minerva. , SILVER SERVICE FOR CRUISER PENNSYLVANIA. One of the most complete and valuable silver services ever designed is that to be presented to the United States armored cruiser Pennsylvania by the state of Pennsylvania. The set will consist of 162 pieces and will weigh 1,000 lbs. The price of the service will be $25,000. Contract for it has been awarded to J. FE. Caldwell & Co. of Philadelphia and will require about one year to complete. The order was secured on merit of design in competition and the award was made by the commission appointed by the state, composed of Gov. Pennypacker and Senators M. S. Quay and Boies Penrose. The centerpiece of the service, 45 in. in length and 24 in. high, will be a receptacle for fruit and flow- ers and will.bear electric lights. The center bowl will be mova- ble, and is designed so as to be lifted from its position and used as a small punch bowl. This bowl is mounted on an immense mass of silver, which supports on both sides of the flower bowl _ the electric light shades. The base of the whole piece is deco- rated in high relief with scenes representing the early life of Pennsylvania, and with engravings of William Penn and Ben- jamin Franklin. The flower bowl has two panels, one on each side, and two handles. On one of these panels is an etching of the cruiser Pennsylvania, and on the opposite side is an etching of the old line ship Pennsylvania, launched in 1837. These etch- ings are designed to show the advance in naval architecture in the. last. sixty-five years. Immediately beneath the bowl is the American eagle, whose spreading wings cover the top of a large panel, on which is etched the scene of William Penn making his treaty with the Indians. On the opposite side of the piece, be- neath an eagle similarly placed, is an etching of the state capitol building. at Harrisburg. The electric light holders are richly ornamented, and on one side have the seal of the state, while on the other side is the seal of the navy. The entire base of the piece is in high relief and depicts the ruler of the sea, Neptune, in his chariot drawn by sea horses, with mermaids in attend- ance. This part of the piece is to typify the strength and woe of the ocean, and to make the decoration in harmony with the naval character of the object for which it is intended. The total weight of the centerpiece alone will be about 3,000 ounces. Geo.. A. Kolb, prominently connected with the Marine Engi- neérs' Beneficial Association in New York, and was said to have becéme unbalanced in mind during the recent strike of engineers, died' suddenly at his home in New York Tuesday.- - = - »