The daily sentinel., 1907-07-29
COREY NAY
HAVE TO GO
ACTRESS BRIDE
and Head of the Steel Trust
Prepare For Social Con-
quest and Directors Are
Sore;Interesting Situation

la New York, July 29.-Spec- 4
IA lal to the Sentinel Persistent a
! 4 ana apparently well authenl- 4
q ticated rumors are circulating n
4 q ON Wall street today to the eff a
a feet that William Ellis Corey, q
j q who recently returned from his a
"a European honeymoon with his q
q chorus girl bride, will be asked a
& 10 resign from the presidency q
q of the ''steel trust at the meet q
q ing of the directors tomorrow. q
Alleged business dereliction. coupi-
Ell with the international scandal due
t. Corey's matrimonial alliance with
Mabelie Gilman, are said to be lhe
reasons for the prospective action of
the steel magnates.
Since the first of the year Corey
has spent three of the seven months
at his Office. Prior to his marriage to
j Miss Gilman he was absent from dlty
much OF the time, courting the fair
actress. and his honeymoon has CX-
tended far beyond the limits or,siL-
! ally sci. When he sailed for Europe
with his bride in May it was undcc-
stood that he would be back at his
desk at II Broadway by the lat
ter part Of the month. Judge Gary,
chairman of the executive committee,
was forced to twice postpone his sum
mer 'pcat on by reason of Corsy's
| failure to return at the expected
time.
Many of the steel magnates who
upheld Corey during the storm of
criticism which rained upon him at
the time of his marriage, threatening
to sweep him from his 100000 pr-
sition, have now turned against him
as result of his apparent inatteE-
tion to affairs of the great corpora
tim. While Corey processes to lie
certail OF holding the position, it isl
almost certain that a warm fight will
be waged against him at tomorrow'sI
meeting by the disgruntled ones who
are seeking his scalp.
That Corey is preparing to spend
great deal of time in attempting So
cial conquests is evidenced by the fact
that he has leased Mansion on Fifth
avenue. in the heart of the wealthiest
section, from where he will carry on
a campaign to make his wife a leader.
in New York society. This, it is point
ed out by the dissatisfied directors,
won't help the United States Steel
corporation.
The loss of his 100000 job will
not serve to financially embarass Cor
ey. who has won a fortune esti-
timated at from $1O,000.0 900 to s3O,-
| 600 900 on Wall street within the
last few months. BY speculating on
a tumbling market he is credited with
making many millions, enough to
make him Independent and indiffer-
ent to any little 100000 a year
berth.
1t was these vast profits that en-
abled Corey to secure a divorce from
his first wife at a cost of 100000
and marry a second in the midst of
splendor that was the talk of the
continents. 1t was out of this Wall
street fortune, beside which his steel
trust salary was mere bagatelle'
I that he settled $2,000,000 upon the
original Mrs Corey; gave $1,000,0OO
as a wedding gift to Mabelle Gilman
4 Corey: spent $4,000 in wooing
her-one of the most expensive court
ships in all history, gave 100000
for her French chateau; 100000 as
a present to the chorus girls mother
: and 100000 for the honeymoon.
Both Corey and his wife indignant
4 ly deny the repeated rumors that the
latter is to again 60 on the stage. IAN
I absolute malicious lie, Corey brands
j the report. The story that Mrs. Cor
ey has induced her husband to build
I a theatre for her. in which she can
. appear privately whenever the whim
:. prompts her. is also branded as fab
4 rication.
Gossip as to Corey's probable sue
i cessor, in case his resignation should
be demanded at tomorrow's meet
ing, points to Alva c. Dinkey, presi-
dent at the Carnegie Steel company.
1t is alleged on Wall street that when
the Carnegie concern was absorbed
by the trust an agreement was enter
1 ed into that the latter should take
its presidents from the former. Past
appointments indicate the truth of
this. as both Schwab and Corey were
Carnegie executives before being ele-
waited to the head of the United stat
es Steel corporation.
Directors of the corporation admit
) that Corey is today the ablest and
most competent steel authority in the
world, and If he could be induced to
give the same undivided attention to
1.-THE affairs of the trust as before he
became involved with Miss Gilman 1t
is likely that he could hold the presi-
J., dency to his death. Much money and
: a wild infatuation for an actress,
which has apparently not yet Deen
lcured by matrimony, has seriously i'm
naired Corey's usefulness to the
worlds greatest trust, and his retire
ment whether now or later, is GER
tain unless he mends his ways.
Corey and his wife are making
their home at Sherry's until such
time as the furnishing of their Fifth
, Avenue house has been completed
: and put in condition for their occu-
, pancy.
IAN this talk about me being oust-
ed is moonshine," declared Corey. in
this statement many directors who
have votes in tomorrow's session
, openly disagree.
T A. Gibbs of Farley. Iowa. is a