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 Charles Michael Schwab

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Charles Michael Schwab

  • Birth 18 Feb 1862 Williamsburg, Blair County, Pennsylvania, USA
  • Death 19 Sep 1939 New York, New York County (Manhattan), New York, USA
  • Burial Loretto, Cambria County, Pennsylvania, USA
  • Plot In the Schwab Mausoleum
  • Memorial ID 5216

Industrialist. Born in Williamsburg, Pennsylvania, to John Anthony Schwab and his wife Pauline Farabaugh, Charles Schwab early came to the attention of industrial baron Andrew Carnegie. Schwab rose to the presidency of Carnegie Steel by 1897, and became first president of the newly-organized United States Steel in 1901. He resigned the presidency two years later to head his own company, Bethlehem Steel. Schwab's personal worth rose substantially before and during the First World War as he provided steel for construction projects and for armaments. He was destined to lose the bulk of his fortune in the Crash of 1929 and the ensuing Great Depression. He maintained a lavish residence in New York City, and another named "Immergrün" at his family's ancestral village of Loretto, atop Allegheny Mountain in Pennsylvania. It is here that his remains were interred in the family mausoleum after his death in 1939.

Bio by: Albert Ledoux

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  • Maintained by: Find A Grave
  • Added: 27 Apr 1999
  • Find A Grave Memorial 5216
  • Find A Grave, database and images ( : accessed ), memorial page for Charles Michael Schwab (18 Feb 1862–19 Sep 1939), Find A Grave Memorial no. 5216, citing Saint Michael Cemetery, Loretto, Cambria County, Pennsylvania, USA ; Maintained by Find A Grave .