On Aug. 19, 1902, the Lawrence Journal commented: “The retirement of Charles M. Schwab from active business life, and the presidency of the great steel trust, leads to the repeated observation that there is too much of strenuousness in the life of today, and no man can long stand the strain of the immense work demanded in handling the great enterprises that are growing more and more colossal The splendid rise of this man from his lowly beginning to the directorship of one of the greatest enterprises in the world and his collapse, is a lamentable fact, and one that will probably have much to do with a remodeling of the plans of similar organizations so that the strain on one man will not be so great.”