Show SCHWAB STEPS DOWN Corry Carry Will Succeed the he High Priced President of or the Steel Trust New York Aug 4 The re resignation of Charles Charlet M Schwab as us president re of the theU United U States Stat Steel corporation was wan ten tendered tende dered de ed and accepted 8 at a meeting of the directors today William E Corry Core Corr was unanimously elected 1 as his successor Mr r resignation caused no surprise in financial circles where it had bad for some ome time been foreshadowed Thc Tho new flew president pre was for years one of ot An Andrew Andrew drew ablest lieutenants lieutenant HIM HIMin and andIs in ItI now president of the Carnegie Steel Company one of or the subsidiary sub concerns Of the United States Stat Steel St 1 corporation It is scarcely scar el more than a month ago that Mr Corry orr was made assistant to the president because e of continued Mr Schwab attended meeting of oC o the directors director tort coming to town it as s assaid said for that special purpose lie 11 ap appeared peered to be bf In good health and nd spirits and seemed rather glad to be relieved ot 01 the duties s Imposed on the chief ev ty cu u tivo dve ot of the billion dollar corporation Before Belore etore and anti after days t meeting Mr Schwab conferred with J P Morgan Mr fr Schwab wilt will continue as a director lor of or the steel atel corporation and a u member of o its 18 finance committee |