Shortly before he last sailed from his home shores Morgan remarked to a friend that his work was done. The utterance was prophetic. And posterity is beginning to realize how great that work was. In these difficult days of world reconstruction, more than ever before, is his financial genius and particularly his faith and courage missed. CHARLES M. SCHWAB Perhaps of no other man in industry are as many anecdotes related as of Charles M. Schwab, the first president of the United States Steel Corporation, and now head of the Bethlehem Steel Corporation, the second largest steel organization in America. Schwab is the Peter Pan of American industry. His is the spirit of perennial youth, his the philosophy of laughter. “I try,” he says, “to be like Schulz. He was a foreman under me during the Homestead strike. He stuck by the company and one day came into my office dripping mud and water. To my inquiries he replied that some strikers had thrown him into the creek. “‘What did you do then, Schulz?’ I asked. “‘Oh, I shust laff.’” One of the old Carnegie “boys,” Schwab is like the former iron master in his wonderful ability to infuse into those who work with him some of the enthusiasm with which he is so richly endowed, and to get from them loyalty and devotion. To this attribute, as much as to anything else, Schwab owes his great success. It is impossible to get an accurate concept of Schwab’s personality without coming directly into contact with him. Many men have declared that “C. M.,” as he is known to his friends, is “the best salesman that ever stepped in shoe leather.” And this is not an exaggeration. There is something about him--fascination, personal magnetism, call it what you will--that captivates almost everyone with whom he comes in contact. His infectious laugh disarms hostility and criticism. His great ability compels admiration. Numerous anecdotes illustrating Schwab’s magnetism are told in the steel trade; the following is typical: Several years ago, when Bethlehem Steel was a little known company, its head visited a prominent New York banker to seek his aid in putting out a bond issue. He told the banker all about the great future in store for Bethlehem as he saw it--prophetically, as it has turned out--and his hearer was fired with enthusiasm regarding the proposed issue. He asked Schwab to go back to his office and dictate to a stenographer the statements he had made regarding the security behind the bonds and the future of Bethlehem Steel for the purpose of making up a prospectus. With that, he declared, the bonds would sell like hot cakes.