The subject, a native of Williamsburg, Pennsylvania, became president of Carnegie Steel Co. in the late 1890s, and in 1901, when the Carnegie and Morgan properties merged to form the United States Steel Corp., Schwab was named president. He later became president of Bethlehem Steel Corp., which under his leadership became one of the world's leading steel producers. Despite his amassed fortune, he died impoverished due to bad investments and the Depression.
Gift of Mrs. J. Phillip Schmand
Due to ongoing research, information about this object is subject to change.
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New-York Historical Society
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