Business & Finance: Schwab Elected

When the American Iron & Steel Institute met in Manhattan last week there was no Judge Gary to conclude his ritual lecture by saying: "Gentlemen, the meeting is now in your hands. Whom do you want to hear from?" The answer was always the roar: "Charlie!" The judge and all others present knew that the "Charlie" was for Charles Michael Schwab, Chairman of the Board of the Bethlehem Steel Corp. But Judge Gary was dead two months (TIME, Aug. 22). He could not prime the iron & steel men's cheers for "Charlie." There was...

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