This lot is closed for bidding. Bidding ended on 10/1/2017
Not to be confused with the now well-known financier, Charles M. Schwab was an American steel magnate at the turn of the century. Under his leadership, Bethlehem Steel became the second-largest steel maker int he United States, and one of the most important heavy manufacturers in the world. Contrary to popular belief, he actually has no relation to Charles R. Schwab, the founder of Charles Schwab Corporation, although he was no less influential. Beginning his career at Carnegie Steel Company, eventually becoming president of the company and then taking over the Bethlehem Shipbuilding and Steel Company, Schwab was considered to be a risk taker and was highly controversial, with a unique and innovative style of dealing with his staff. He helped negotiate the secret sale of Carnegie Steel and also provided steel to the Trans-Siberian Railroad, and even had a virtual monopoly in contracts to supply the Allies of WWI with certain kinds of munitions. Offered here is a 10" x 12" vintage Cabinet portrait of Schwab, dated October 23, 1922, "To William A. Temple with sincere regards, C.M. Schwab" in black steel tip. The photograph itself is in good condition and has been beautifully framed and custom matted in a display along with a black & white photograph and a quote by him, measuring to a total size of 26.5" x 31.5". Accompanied by a full Letter of Authenticity from Beckett Authentication Services (BAS).