Show STEEL MAGNATE IN SALT LAKE Charles CharlesM M Schwab Makes Brief Stop in City MAN WITH VARIED HISTORY CAREER OP OF FIRST HEAD OF BIG TRUST j 4 harles M S Schwab former president 1 f the tIit States Steel ITi d in Salt alt L Lake ke over the Ule Cheyenne at 83 I hk e lie He wes was c d hy by a partY of ninE capital 1 s t the dr t they boarded three au t there here b by Chief Clerk I tin If f the tle hotel I til order f Mr 11 Schwab and roth rode I uund the thc it Uy for aft an hour The tu to the and at a 1 1 a III the city on an Lilli Lh train bound for tor Butte and Yellowstone park Tl They ey to t SKit Salt Lake in e a aI I K or HH days and amI to go lom hert 11 1 the mining camps ot of Tonopah Nov NovI I harles 5 M Schwab by reason or of the thc which he was one ol of 1 ading i exponents his t I II with l he United States Steel cor 1 tion generally known as the steel stee and with the Un United ted States Ship I company a world d notoriety ot of a decidedly jt It kind After being subjected to a aF F longed and searching Investigation 1 1 hit hie methods at the Instance of oC Henr Henry I Flick and other stockholders of the t who were supposed to have been on by John D Rockefeller lIe he lIelS lS forced out of Ills his official position High Play at Monte tonte Carlo While sojourning in Europe he spent time at Monte Carlo where it w all as reported he won OOOO in one ight play at the gambling tables But hp he was not ro fO lucky while making bis outward and homebound trips the Atlantic it p bUshed re reports ports were authentic for lIe is said to hap av fallen rallen into the of poker harks and dropped many thousands of to them The United States Steel corporation I t as Incorporated in New Jerse Jersey Feb 25 1901 but the articles of incorporation f rf amended April 1 or of the same year This gigantic trust acquired the stocks find visible assets of the following cor Carnegie cOmpany Federal nr American Steel Wire National Tube company compan Na la National tonal Steel company American TIn Plat company American Bridge corn com Am rican Steel Hoop company Sheet Steel company Shelby Tube company Lake Superior Iron Mines Union Steel Troy Steel Steal Products corn com Jany The united plants of the organ owned and controlled by the ru rut t in January 1902 comprised say sev r blast furnaces with an an capacity of about tons or of h Iron steel works and six Ix fin plants The capacity for steel WK was about tons It also l o owned and controlled Lake Su iron mines having an annual out outi i 11 ut t or tons or of ore together 1 ith coke ovens ons acres or of ora I a at lands and acres or of othet othel 11 lils lils and It a lake fleEt of lit s prospectus announced t t til stock capitalization of 1100 o divided Into common 11 1 preferred stock of oft f t hit WO common and Ili 1 stock was Issued a total r cr U The directorate In InC C 1 It prominent personages as an J T Morgan organ John D Rocke Roche and Henry H Rogers of New orl Francis H Peabody or of Boston A B WIdener and Clement A AI I of oC Philadelphia and Marshall Fi In and Norman B Ream or of Chicago tid the first executive head was Thc Th troubles or of th States Stater 5 ing com company pan which waa thrown Into the hands of oC a re lver on JuO Juc 29 IDOl and with which Schwab Hd avid Morgan as well weIl as John W T Young or of Utah were also identified the difficulties of the United states Steel corporation and caused the of Schwab from its denry Ras Ens Risen Prom From Low Position Few men have had a more unique a in the financial world than harks M Schwab Beginning active In tt a small village near noor the Ohio line Une as clerk In a 8 grocery 1 tr he went to Braddock Pa to tork rk as a laborer in the Carnegie steel mill located there He attracted the It of Captain Jones who wa head man at Braddock who him rapidly until nUl lIe he finally became bhame superintendent of the When hen th the strike of 1892 in the thc Carnegie I at Homestead Pa had been In progress a couple of months Schwab Schwabe e IS sent to take charge He uc ded In wInning the shike ike and made himself solid with An ri jp In Ii 18 9 Schwab supplanted Henry C Frick of as 1 nt of all of the Carne Carnegie ie J plants lanUi S a t of l a year ear When tI I 1 ted states Steel was e refused to go Into It Schwab wu was made its pre Th This is Vat va done and Carnegie made a of all l his 8 in the van Art ArtI I of the Carne Carnegie ie company lit kt t a 8 strIng tied to aU all of them as 80 p 1 hat hp might not run short of ith hibb to buy castles In his bis natIve and found pUblic libraries In States Ii If is not known b how w much Schwa Schwab I to Ln save sae out of hI earning s h lp on salary or how bow much net he b by his manipulations of thi y of the various corporations that I er In the trust but bt butE I E report rt makes him a million i iI I many nany tImes over oer |