Charles M. Schwab and E.C. Grace, by Frank O. Salisbury.
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Portrait of the two men.

Credit: Courtesy of the Linderman Library, Lehigh University

One of Charles Schwab's, "Boys of Bethlehem", Eugene Grace rose from a crane operator at the turn of the century to president of the Bethlehem Steel Company in 1916. Carrying on Charles Schwab's call for "Always more production", Grace pushed constant expansion, tripling the company's steel output during World War I. Bethlehem's prodigious output during World War II, when Grace exceeded his promise to President Roosevelt of "a ship a day", secured his company's prominence in the post-war years as one of the largest steel producers in the world.

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