The Columbus weekly dispatch., 1907-05-23
WIN. COREY MAY
LOSE PRESIDENCY
HIS MARRIAGE TO MABEL GIL
MAN MAY COST HIM HIS
JOB AS PRESIDENT OF
STEEL COMPANY.
Charles NJ. Schwab, His Predecessor,
Was Fired for Gambling at
Monte Carlo, and Corey
May Go Likewise.
A recent New York special says:

A recent New York special says:
William Ellis Corey will pay for
his infatuation for and marriage to
Miss Mabelle Gilman with the loss
of the presidency of the United States
Steel Corporation, which carries with
it one of the highest salaries ever
paid in the world. This is the con-
clusion Wall street has reached, now
that Corey's divorce and second mar
riage have become of international
interest. 1t is remembered that Chas.
NJ. Schwab was pushed out of the
steel presidency, quietly but firmly,
after he surprised Europe by trying
to break the bank at Monte Carlo
and by other sensational exploits,
which do not fit in with the highest
Office of a great corporation. Schwab
held his place until he returned from
his trip abroad, Then the hints of
the other steel leaders became too
strong for him and he wrote out his
resignation. If he had not resigned
he would have failed of reelection.
Corey, who unquestionably is one
of the most successful steel manu-
facturers the country. has developed,
was selected to succeed Schwab as
a man who would never think of do
ing anything notorious. His attach
ment for the beautiful actress was
unknown, and only became public
property after photograph of her
rooms in Paris showed a large crayon
portrait of the newly-elected steel
president, prominently displayed on
an easel. 1t is believed that Mr.. Co
rey will resign before the expiration
of his European honeymoon, which
is to last three or four months.
The directors will let him travel
in peace for few weeks, but sooner
or later their feelings regarding the
unenviable attention he has attracted
will be placed before him. He will
be asked to look at it from their
point of view, and it is believed that
did that of Mr.. Schwab. Mr.. Corey
had his vindication, so far as the gen.
eral public is concerned, when he
was reelected to the presidency be-
fore his marriage to Miss Gilman.
The way the financial district has
sized up the situation is shown by
the following bulletin, which was
sent out today by one of the big news
bureaus, which circulates in Wall
Street:
THE days are numbered for w. E.
Corey as president of the United
States Steel Corporation, if indica
tions are to be considered
1t is said in many quarters his res
ignation is expected within a month,
and already there is speculation as
to his successor. 1t it were not for
the fact that the president of the cor
poration has always been a practical
steel man instead of financier, there |
is little doubt that the directors
choice would fall upon E. H. Gary, |
chairman of the board He has look |
ed after the financial end under both |
Sehwab and Corey, and his position |
could not be made any more power |
full by taking on the somewhat frayed |
toga of the presidency. Henry c.
Frick would be an ideal president in
many ways, but his personal interests |
are so enormous that it is doubtful |
If he could find time to attend to the |
president.