FROM STAGE-DRIVER TO MILLIONAIRE.

Taranaki Daily News, Volume L, Issue 60, 20 July 1907, Page 3

FROM STAGE-DRIVER TO MILLIONAIRE.

o Probably no man has made his way to colossal wealth more rapidly or under more romantic conditions than Mr Ohas. 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. ' .tv.'.Sf Only twenty-five years ago this man of many millions was driving the mail cart between Crcsson and Loretto and filling in his spare hours by working on neighboring farms. A little later lie 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-one so rapidly did promotion come to his new sphere of work, he was earning £IOOO 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, ho was in receipt of a salary of £160,000 a year, and owned shares having a par value of nearly £8,000,000 of the company for which he had, less than twenty, years earlier, toiled for a dollar a day.