INDUSTRY: Hard Times (New Style)

"We're going to carry everybody connected with the steel industry safely through."

If a great steelmaster, confronted with bad times, had made that statement 30 or even 15 years ago, his colleagues would have thought he had caught religion or become drunk. His employees would not have believed him. Yet when Charles Michael Schwab, board chairman of Bethlehem Steel Corp., said those words last week at a Manhattan meeting of the American Iron & Steel Institute, his auditors were not greatly startled. Though they knew "Charley" Schwab for the most unregenerate optimist...

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