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new United States Steel Corp. Issued to C. M. Schwab - $5,000 1902 dated Bond

Inv# AG1242   Autograph
New Item!
State(s): New Jersey
Years: 1902

5,000, 5% Gold Bond printed by American Bank Note Company, New York. Issued to C.M. Schwab (not signed). So Rare and Very Attractive!!!

Charles Michael Schwab (February 18, 1862 – September 18, 1939) was an American steel magnate. Under his leadership, Bethlehem Steel became the second-largest steel maker in the United States, and one of the most important heavy manufacturers in the world. 

Schwab began his career as an engineer in Andrew Carnegie's steelworks, starting as a stake-driver in the engineering corps of the Edgar Thomson Steel Works and Furnaces in Braddock, Pennsylvania. He was promoted often, including to the positions of general superintendent of Homestead Works in 1887, and general superintendent of the Edgar Thomson Steel Works in 1890. In 1897, at only 35 years of age, he became president of the Carnegie Steel Company

In 1901, he helped negotiate the secret sale of Carnegie Steel to a group of New York City–based financiers, led by J. P. Morgan. After the buyout, Schwab became the first president of the United States Steel Corporation, the company formed out of Carnegie's former holdings. Read more at

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Condition: Excellent
Item ordered may not be exact piece shown. All original and authentic.
Price: $400.00