Business: Schwab on Employes

At the 48th Annual meeting of the American Society of Mechanical Engineers at Manhattan last week, Charles Michael Schwab ended his year as the society's president with a valedictory that included his present philosophy of dealing with employes. Alex Dow, president of the Detroit Edison Co., succeeded him as president.

Mr. Schwab's speech was significant because it phrased authoritatively the attitude of scientific industrial managers toward their employes. Said he: "What are these reasonable wants of employes, which they have a right to see satisfied as far as conditions of industry permit? I...

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