Biography of Charles M. Schwab


Schwab, Charles M. Capitalist, ex-president of United States Steel Corporation. Born in Williamsburg, PA, April 18, 1862. Childhood from fifth year at Loretto, PA. Educated in village school and St. Francis College. As a boy, drove stage from Loretto to Cresson, PA, five miles. Entered service of Carnegie Co., as stake-driver in engineering corps of Edgar Thompson Steel Works. Rose steadily. Superintendent of Homestead Works, 1892-97; president of Carnegie Steel Co., Ltd., 1897-1901; president of United States Steel Corporation 1901-03. Built new Catholic church costing $150,000 at Loretto, PA. Established Homestead, PA, Industrial School, etc.