The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-08-19
DE WET.

on the subject But there are many posi-
tons of Importance in the United States
Steel Corporation now held by persons
who are there on account of personal ties
with Mr.. schwab, and who remained with
the corporation from devotion TO his in
terests, growing from former association
in the Carnegie company. 1t has been re-
ported that the presidency would pass to
James Carey, the first vice president of
the corporation. Other rumors have pointed
to H. G. Prick.
In line with the foregoing, the Pitts
burg Dispatch Monday printed the follow
ing dispatch from LOretto, Pa: "Presldent
c. NJ. Schwab, of the United States Steel
his physicians and decided to retire IN
definitely from active business lie. tie
will leave. America to seek some quiet 6t
nook in foreign cline, where not an echo
OF the strenuous life he has led can reach
him This information is authentic. DR.;
Golden never leaves the Schwab home and
the exact nature Of his patients illness
cannot be learned through him. MT
Schwab is not confined TO his bed, but
spends much of his time on the wide Veran-
da, which affords fresh air and sweeping
view of the mountain slope. He is always
with his wife or his parents. The strange
part of Mr.. Scwab's illness is that he is
always within view of those who call at
his house, yet he will not allow any person
to the Schwab home were greeted with
hearty welcome and vigorous handshake
Now the visitor is met at the entrance ana
| told that Mr.. SchWab cannot De seen. IN
Inmates of the family receive the same
| message and none has been able 10 con-
verse with President Schwab since he came
| back to his home.
.sThe 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
ha iC a relieved
| that he will spend possibly year In an
effort to regain his health. The presence
! of sisters belonging TO the Order or Mercy
! in his home day and night since Thurs
! day was another indication of illness. The
nuns were not visitors, but 1t is generally
| known that they are nursing the map
| who has so many times befriended them
and their institutions. The knowledge or
| the people of LorettO is that Mr. Schwab
| is going away somewhere. His destina-
/ ton will be kept secret and he will do
| nothing but seek health until his nerves
] have been restored TO their normal condi-
/ ton and his mind fully relieved of the
great strain resulting from so many bust
1T was after learning that his health
| was very bad and that he intended TO
| devote a years time to recuperating that
| your correspondent passed into the grounds
/ leading to the palatial home on the noun
| tain top. Mrs. Schwab said that her hus-
band would not see any persons and had
| not been receiving visitors for several
| days Mr.. Schwab sat on couch within
hearing of our voices. A paper was be-
fore his eyes He exhibited interest
| and made no attempt to move. Business
/ associates. it is said, have met with a
! similar reception during the past two days
| Mr.. Schwab has been directed by his doc
tors TO rid his mind of all business cares
| and he is obeying the orders religiously
| Inquiry among the people of the town who
have conversed with the Schwabs fully
| corrObOrated the stories that he intends
| to retire from active business life His
| friends, however, deny that if he leaves
the United States Steel Corporation il
| will be at the dictation of any person other
| than himself"