The Legacy of Charles M. Schwab: A Titan of the Steel Industry

This is part one of a series of stories about notable people who once called the Cove their home.

Steel Magnate Charles M. Schwab, began his career as an engineer in Andrew Carnegie’s Steelworks. He was promoted often, including to the positions of General Superintendent of The Homestead Works in 1887 and General Superintendent of The Edgar Thomson Steel Works in 1890.

Born February 18, 1862, in Williamsburg, Schwab, at the age of thirty-five, became president of The Carnegie Steel Company. In 1901, he helped negotiate the secret sale of Carnegie Steel to a group of New York-based financiers l...