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Millionaires' Day was held in Washington last week, this time by the Senate Interstate Commerce Committee in its bituminous coal investigation.* The millionaires were three: Charles M. Schwab, chairman of the Bethlehem Steel Corp.; John D. Rockefeller Jr.; and Richard B. Mellon, a director of the Pittsburgh Coal Co. They contrasted sharply ?"Charlie" Schwab, with his theatrical rags-to-riches air; the grave, earnest heir of John D. Rockefeller, with his air of Christian concern over a social evil; and Banker Mellon, cautious, acquainted with politicians, suspicious of the Committee's motives, uncommunicative, unsympathetic...

Author: /time Magazine | Title: LABOR: Bituminous Hearings | 4/2/1928 | See Source »

...most important stockholders of the Bethlehem Steel are its workmen. I never made a cent out of Bethlehem Steel. It's just been a labor of love and all I have tried to do is drive a peg to mark progress in human relations...

Author: /time Magazine | Title: LABOR: Bituminous Hearings | 4/2/1928 | See Source »

...broad theory, I will never admit that our company broke the Jacksonville agreement ? admitting that I do not know any of the details . . ." answered Mr. Schwab. "I'm just a plain, blunt steel worker out of the mills of Pittsburgh, but no man here is more anxious to help in the situation than...

Author: /time Magazine | Title: LABOR: Bituminous Hearings | 4/2/1928 | See Source »

Frederic Winthrop Allen, chairman of the Vanadium Corporation of America (vanadium & alloy for use in the manufacture of steel tools and cutlery) reported a net income of $1,849,240 (previous year: $1,980,031); revealed that the corporation "has already developed over 100 chemical compounds and stands prepared to furnish these compounds to the trade...

Author: /time Magazine | Title: Business & Finance: More Earnings | 3/26/1928 | See Source »

Died. Emile Mayrisch, president of the European steel trust, known as the Luxemburg Cartel (TIME, Dec. 5); in an automobile accident, near Châlons-sur-Marne, France...

Author: /time Magazine | Title: Milestones: Mar. 19, 1928 | 3/19/1928 | See Source »

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