FROM STAGE-DRIVER TO MILLIONAIRE.

New Zealand Herald, Volume XLIV, Issue 13483, 6 July 1907, Page 1 (Supplement)

FROM STAGE-DRIVER TO MILLIONAIRE.

Probably no man has made his way to colossal wealth more rapidly or under more romantic conditions thaix* Mr. Charles M. Schwab, the American " Steel King," who is said to be weary of extravagant living, and to be anxious to sell his £700,000 mansion at an enormous sacrifice.

Only twenty-five,years ago this man of many millions was driving the mail-cart between Cresson and Loretto and filling in his spare hours by working on neighbouring farms. A little later he was selling sugar and tea over a grocery counter in Braddock, as a preliminary to driving stakes at a dollar a day for the Carnegie Company. At twenty-two, so rapidly did promotion come in his new sphere of work,; he was earning £1000 a year and three years later we find him superintendent of the Homestead works on a British Cabinet Minister's income. From this point, his advance towards wealth was so meteoric that, long before he emerged from the thirties, he was in receipt of a salary ,of £160,000 a year, and owned shares having a par value ot nearly £8,000,000 of the company for which he had,, less' than twenty years earlier, toiled for a dollar a day.—Westminster Gazette. , ;~