Business: Farrell & Schwab

Driving sharply eastward over the North Atlantic last week but kept apart by the watery curve of the days were two great U. S. steelmakers. The first was James Augustine Farrell, 65, since 1911 president of the U. S. Steel Corp. The second was Charles Michael Schwab, 66, the first (1901-04) president of the U. S. Steel, now chairman of Bethlehem Steel.* Mr. Schwab was going to England to receive the Bessemer Medal; Mr. Farrell was going to Italy for health & pleasure. He had worked 18 years without surcease and now he needed recuperation.

Unfortunately, he felt, the voyage kept him...

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