Omaha daily bee., 1902-08-19
Steadily Attended by Physicians and No
Visitors Allowed to Bee Him.
STRENUOUS LIFE PROVES TOO MUcI
VIII Seek Some Quiet Nook in Fsrsign
. Cline.
PRESIDENCY MAY GO TO JAMES eAYLoR
j. Now First vice President of Corr
pOratiOn and Has Chance to Sc
cure Coveted once to BE
Made Vacant.

LORETTA, Pa. Aug. 1s.-President
Charles NJ schwab Of the United States
Steel corporation has accepted the advice
OF his physicians and decided to retire In
definitely from an active business life. He
will leave America to seek some quiet
nook in a foreign cline, where not an
echo Of the strenuous life he has led can
reach him. This information is authentic.
DIR. Golden never leaves the Schwab home
and the exact nature Of his patients illness
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 q
sweeping view of the mountain slope. He
is always with his wife or his physician.
The strange part Of Mr.. Schwab's illness
Is that he is always within view of those
who call at his house. yet he will not
allow any person to approach him.
Heretofore the visitors to the schwab
home were greeted with hearty welcome
and a vigorous handshake. Now the visitor
is met at the entrance and told that Mr.
Schwab cannot be seen. Intimates Of the
family receive the same message and none
has been able to converse with President
Schwab since he came back to his home.
Nerves Are Badly Strained.
The people Of this town, who still call
him Charlie" because Of their early and
intimate acquaintance with him, are dis
cussing his prospective departure. They
know he is a sick man and are relieved
that he will spend possibly a year in an
effort to regain his health.
The presence Of sisters belonging to the
Order of Mercy In his home daY and night
since Thursday was another indication OF
Illness The nuns were the only visitors,
but It is generally known they are nursing
the man who has so many times befriended
them and their institutions,
The knowledge Of the people OF Loretto
is that Mr.. Schwab is going away some-
where. His destination will be kept a se-
cret, and he will do nothing but seek health
until his nerves have been restored to their
normal condition and his mind fully re-
lieyed Of the great strain resulting from SO
many business cares.
II was after learning that hts health was
very bad and that he intended to devote a.
years time to recuperation that a corre-
spondent passed into the grounds leading
10 the palatisl home on the mountain top.
Mrs. schwab said that her husband would
not see any person and had not been re-
ceiving visitors for several days
Mr.. Schwab sat on a couch within hear
ing of voices A paper was before his eyes.
He exhibited no interest and made no at
tempt to move.
Business associates, II is said, have met
with a similar reception during the last
two days. Mr.. schwab has been directed
by the doctors to rid his mind OF all busi-
ness cares, and he is obeying the orders
religiously.
Inquiry from people who have conversed
with the schwabs fully corroborated the
story that he intends to retire from active
business life. His friends, however, deny
that II he leaves the United States Steel
corporation 1t will be at the dictation of
any person other than himself.
RumOrs as TO Successor.
NEW YORK. Aug 1s.-The retirement Of
Charles M. schwab from the presidency Of
the United States Steel corporation is now
commonly accepted as determined upon,
Notwithstanding recent official denials and
present reluctance in o1lcial quarters to
confirm the report.
President Schwabs impaired health is the
reason for this action. In we'll informed
quarters It is believed that his retirement
will be followed by extensive changes in
the membership of the organization. The
succession to the presidency is a matter OF
surmise only and II II had 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.. Sehwab and who
remained with the corporation from a de-
votion to his interests, growing from former
association in the Carnegie company.
II has been reported that the presidency
would pass to James Gaylor. the first vice
president Of the corporation. Other rumors