The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-08-19
RICH and Miserable
Charles Schwab Is Wreck
From Over Work.
HIS SICKNESS A MYSTERY
Sits Upon His Lawn and viii
Talk to None.


Pa. says:
President Charles NJ. Sc.wab of the
United States Steel corporation has ac-
cepted the advice of his physicians and
decided to retire indefinitely from an
active business life. He viii leave Amer
lea to seek some quiet nook in a foreign
cline. where not an echo of the strenu-
Gus life he has led can reach him. This
information is authentic
DIR. Golden never leaves the Schwab
home. and the exact nature OF his pa
tient condition cannot be learned
through him.
Mr.. Schwab is not confined TO his
bed. but spends much of his time on
the wide veranda, which affords fresh
air and a sweeping view of the noun
tain slope. lie is always with his wife
or his parents.
THE strange part Of Mr.. Schwab's i'll
ness it that he is always within view of
those who call at his house, yet he viii
not allow any person to approach him.
Heretofore the Schwab home visitors
were greeted with hearty welcome
and a vigorous handshake. Now the Wis
itor is met al the entrances and told
that Mr.. Schwab cannot be seen. Init
mates Of the family receive the same
message, and none has been able to con-
verse with President Schwab since he
came back to his honse."
The correspondent then says: The
people Of this town, who still call him
Charlie, because OF their early intimate
acquaintance with him are discussing
his prospective departure. They know
he is a sick man and are relieved that
he will spend possibly year in an eff
fort to regain his health.
The presence of sisters belonging to
the Order of Mercy in his home, day and
night since Thursday. was another in
dication of illness The nuns were not
visitors, but It is generally known that
they are nursing the man who has so
many times befriended them and their
institutions.
THE knowledge of the people of Lo-
reno is that Mr.. Schwab is going away
somewhere. His destination will be kept
a secret and ne viii do nothing but seek
health until his nerves have been re-
stored to their normal = condition and
his mind fully relieved from so many
business cares.
1T was after learning that his health
was very bad and that he intended to
devote years time to recuperation
that [ passed into the grounds leading
to the palatial home on the mountain
top.
Mrs Schwab said that her husband
would not see any person and had not
been receiving visitors for several days.
Mr.. Schwab sat on a couch within
hearing Of our voices. A paper was be-
fore his eyes. He exhibited no interest
and made no attempt to move.
Business assistants, it is said, have !
met with a similar reception during the |
past two days Mr.. Schwab has been
directed by the doStocs to rid his mind
of all business cares, and he is obeying |
the order religiously.
Inquiry among the people of the town
who have conyersed with the Schwabs
fully corroborated the stories that he in
tends to retire from active business life. /
His friends. however. deny that if he
leaves the United States Steel corpora /
ton it viii be at the dictation of any per-
son other than himself"
New York, August 1S.-The retirement /
of Charles NJ Schwab from the presi-
dency of the United States Steel corpo- /
ration is now commonly accepted as de- I
termined upon. notwithstanding recent Of +
fetal denials and present reluctance in /
official quarters to confirm the report.
President Sehwab's impaired health is I
the reason for this action. In well in
formed quarters it is believed that his .
win be followed by extensive I
changes in the membership of the or
ganization- The succession TO the pres
idency is a matter of surmise only and
it has been decided no information can
be had on the subject. But there are
many positions of choice in the United
States Steel corporation now held by
persons who are there on account of
personal ties with Mr. Schwab and who
with the corporation from a
devotion to his interests going from for
mer association in the Carnegie company.
It has been reported that the presidency
would pass TO James Gayley. the first
vice president OF the corpora ton. Other
rumors have pointed TO Il. c. Frick.
Altoona, August 1S-Charles Schwab,
president of the Steel corporation. was
lt Cressom last night. Persons from
his city who knew him and saw him
says he is apparently IN good health. P.
5 -Schwab. an uncle. Of the city. who
zeeps in close touch with the steel mag
1ates. declared that Mr.. Schwab is not
roarly so sick a man as has been re
eorted
lien. although he has been recommended
TO keep quiet and rest
Does Mr. Sehwab intend TO resign the !
Of the United States steel cor
lorauon2 was asked.
Mr. sohwah VIII answer that question
Ter himself when the time comes. What
be has told me in strietest confidence /
shall not teiterate"