When The Headlines Said: Charlie Schwab Breaks The Bank

The Monte Carlo capers of U. S. Steel’s new president outraged Andy Carnegie but never ruffled J. P. Morgan

On the thirteenth of January, 1902, William E. Dodge, a large stockholder in the United States Steel Corporation, was reading his copy of the New York Sun in his comfortable Madison Avenue residence. No event of unusual importance dominated the staid Sun’s front page, but Mr. Dodge found a small item in the right-hand column that stirred him deeply.