Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1902-08-19
SchWAe GOING AWAY.
ordsrsd by His Doctor to Drop All
Business Cares.

H1ttsburE, Pa, Aug. ia Loretto,
Pa. special to the Pittsburg Dispatch
says:
Pres. Chas n. schwab Of the United
States Steel Corporation, has accepted
the advice Of physicians and decided
to retire Indefinitely from an active
I business life. He will leave America
to seek some quiet nook in a foreign
chime where not an echo of the stren-
nous life be has led can reach him.
/. This Information II authentic.
DR.. Goden never leaves the echwab
home and the exact nature OF his pa
tents illness cannot be learned
through him.
Mr.. Schwab 10 not confined to his
bed but spends much Of his time on the
wide veranda which affords fresh air
.sand a sweeping view OF the mountain
slope. He il always with his wife or
~ his parents.
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 visitors to the Schwab
home were received heartily. Now the
visitors are met at the entrance and
told that Mr.. Schwab cannot be seer.
1ntimates of the family receive the
same message and none has been able
to converse with Pres. Schwab since he
came back to his home.
The correspondent then said:
1.-THE people Of this town who still call
him Charlie because Of their early and
intimate acquaintance with him, are dis
IS sussing his prospective departure. They
bnow he is a sick man and are relieved
that he will spend a year in an effort to
gain his health.
THE presence OF sisters belonging to
the order Of Mercy in his home day and
night since Thursday was another indica-
ton Of Illness. The nuns were not visitors
but Il IL generally known that they are
nursing the man who has so many times
d, bsfriended them and their institutions.
retto is that Mr.. Schwab is going away
somewhere. His destination will be KEEP;
D secret and he will do nothing but seek
his health until his nerves have been re-
stored to their normal condition and his
mind relieved Of the great strain result
Ing from 30 many business cares.
1T was after learning that his health
= was very bad and that he intended to de
vote years time to recuperating, that
paIatiaI home on the mountain top.
Mrs schwab said that her husband
would not see any persons and had not
''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 associates, it is said, have
met with SIMILAR reception during the
last two days Mr.. Schwab has been di-
reeted by the doctors to rid his mind of
% all business cares and he is obeying the
order rsligiously.
inquiry among the people of the town
who have convtrsed with the Schwabs
=, fully cOrroborated the stories that he IN
tends to retire from active business life.
His friends, however, deny that IL he
h. leaves the United States Steel Corpora
ton 1t will be at the dictation OF any
30 person other than himself
New York, Aug 1S-The retirement of
Charles M Schwab from the presidency
of the United States Steel Corporation is
now commonly accepted determined
upon, Notwithstanding the denials and the
present reluctance in official quarters to
confirm the report. President Schwab ::
impaired health Is the reason for this &C
ton. In wel-informed quarters it Is be-
! lieved that his retirement will be followed
l by extensive changes in the membership
OF the organization. The succession to
y the presidency Is a matter Of surmise only
and II II has been decided no Informal
p ton can be had on the subject. But there
are many positions 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 a de-
votion to his interests, drawing from for
mer association in the Carnegie company.
II has been reported that the presidency
8 would pass to James Gayley, the vice
president Of the corporation. Other ru-
mora have pointed to II. c. Frick.