Word: schwab
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Charles M. Schwab, (Bethlehem Steel): "In Baltimore, I addressed 800 members of the Association of Commerce at a dinner tendered me in recognition of the wealth I have brought the city with my Sparrows Point steel plants, of which the payrolls now total 25 millions per annum. I told them that I had just consented to spend two millions on my dry docks in Baltimore and had no single interest in the city to which I was not ready to devote every dollar I could borrow. I said that in ten years Baltimore would eclipse even Pittsburgh as a steel...
...differences between U. S. Steel and Bethlehem Steel lie deeper than ordinary competition. They are exemplified by the differing personalities of two men- Judge Elbert Henry Gary and Charles Michael Schwab. The Judge, for all his kindliness of heart, is ruled by his head; Mr. Schwab, for all his hard sense, is emotional. The clash of their natures showed itself at the very formation of the U. S. Steel Corp. in 1901. The late John Pierpont Morgan attracted Judge Gary, the legalist, to organize his iron and steel consolidation plans, and to give them grace. The late Andrew Carnegie...
Then began the Schwab-Gary tussle. The Judge wanted to operate the whole organization through an oligarchy, an executive committee. President Schwab wanted sole control. He objected to hearing an influential director ordering him to build a steel plant at Chicago, when he, the direct operator, needed a plant at Pittsburgh. The Judge was further irritated by President Schwab's behavior at Monte Carlo. Reports came that the very President of the U. S. Steel Corp., that "good" corporation, was reveling on the Riviera, that he was playing roulette, vingt-et-un, chemin-de-fer and baccarat for stakes...
Married. Charlotte Cowdrey Brown, goddaughter of Steelman Charles M. Schwab; to one David Kenneth Rose; at Mr. Schwab's home in Manhattan...
...President Coolidge held a long conference with Charles M. Schwab, Chairman of the Board of Directors of the Bethlehem Steel Corp., which is complaining of the invasion by German steel of U. S. markets. Mr. Schwab said that the mills are running at more than 80% capacity, that the national steel production this year would go beyond 50,000,000 tons; but he declined to reveal any conversation on the subject of German steel. Next day, the Official Spokesman informed the press that the career of Mr. Schwab epitomized the opportunities of this Republic...