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

Inv# AG1242   Autograph
New Item!
State(s): New Jersey
Years: 1902
Color: Brown and Black

5,000, 5% Gold Bond printed by American Bank Note Company, New York. Issued to Charles Michael 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 was born in Williamsburg, Pennsylvania, on February 18, 1862, the son of Pauline (née Farabaugh) and John Anthony Schwab. All four of his grandparents were Roman Catholic immigrants from Germany. Schwab was raised in Loretto, Pennsylvania, which he considered his hometown. His father, John, operated a livery stable in Loretto and also served as a mail-carrier. Schwab graduated from Saint Francis University in Loretto in 1877.

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

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