The Charles M. Schwab House (also called Riverside) was a 75-room

mansion A mansion is a large dwelling house. The word itself derives through Old French from the Latin word ''mansio'' "dwelling", an abstract noun derived from the verb ''manere'' "to dwell". The English word '' manse'' originally defined a property l ...

on Riverside Drive, between 73rd and 74th Streets, on the

Upper West Side The Upper West Side (UWS) is a neighborhood in the borough of Manhattan in New York City. It is bounded by Central Park on the east, the Hudson River on the west, West 59th Street to the south, and West 110th Street to the north. The Upper West ...

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. It was constructed for steel magnate

Charles M. Schwab Charles Michael Schwab (February 18, 1862 – September 18, 1939) was an American steel magnate. Under his leadership, Bethlehem Steel became the second-largest steel maker in the United States, and one of the most important heavy manufacturer ...

. The home was considered to be the classic example of a "

white elephant A white elephant is a possession that its owner cannot dispose of, and whose cost, particularly that of maintenance, is out of proportion to its usefulness. In modern usage, it is a metaphor used to describe an object, construction project, sch ...

", as it was built on the "wrong" side of

Central Park Central Park is an urban park in New York City located between the Upper West Side, Upper West and Upper East Sides of Manhattan. It is the List of New York City parks, fifth-largest park in the city, covering . It is the most visited urban par ...

away from the more fashionable

Upper East Side The Upper East Side, sometimes abbreviated UES, is a neighborhood in the borough of Manhattan in New York City, bounded by 96th Street to the north, the East River to the east, 59th Street to the south, and Central Park/Fifth Avenue to the wes ...

History

The home was designed by an

architect An architect is a person who plans, designs and oversees the construction of buildings. To practice architecture means to provide services in connection with the design of buildings and the space within the site surrounding the buildings that h ...

with only a modest reputation, Maurice Hébert,Maurice Hébert (1861-1933)
Biographies of Architects, Designers, and Builders, historicfresno.org as an eclectic Beaux-Arts mixture of pink

granite Granite () is a coarse-grained (phaneritic) intrusive igneous rock composed mostly of quartz, alkali feldspar, and plagioclase. It forms from magma with a high content of silica and alkali metal oxides that slowly cools and solidifies undergro ...

features that made the Vanderbilt mansions on

Fifth Avenue Fifth Avenue is a major and prominent thoroughfare in the borough of Manhattan in New York City. It stretches north from Washington Square Park in Greenwich Village to West 143rd Street in Harlem. It is one of the most expensive shopping stre ...

look cramped. It combined details from three French

Renaissance The Renaissance ( , ) , from , with the same meanings. is a period in European history marking the transition from the Middle Ages to modernity and covering the 15th and 16th centuries, characterized by an effort to revive and surpass ideas ...

château A château (; plural: châteaux) is a manor house or residence of the lord of the manor, or a fine country house of nobility or gentry, with or without fortifications, originally, and still most frequently, in French-speaking regions. Nowaday ...

x: Chenonceau, the exterior staircase from

Blois Blois ( ; ) is a commune and the capital city of Loir-et-Cher department, in Centre-Val de Loire, France, on the banks of the lower Loire river between Orléans and Tours. With 45,898 inhabitants by 2019, Blois is the most populated city of the ...

, and

Azay-le-Rideau Azay-le-Rideau () is a commune in the Indre-et-Loire department in central France. Château The château of Azay-le-Rideau was built from 1515 to 1527, one of the earliest French Renaissance châteaux. Built on an island in the river Indre, its ...

. It took four years to build the home (1902–1906) at a cost of six million dollars. Schwab's former employer

Andrew Carnegie Andrew Carnegie (, ; November 25, 1835August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans i ...

, whose own

on upper Fifth Avenue later became the

Cooper-Hewitt Museum Cooper Hewitt, Smithsonian Design Museum is a design museum housed within the Andrew Carnegie Mansion in Manhattan, New York City, along the Upper East Side's Museum Mile. It is one of 19 museums that fall under the wing of the Smithsonian Inst ...

, once remarked, "Have you seen that place of Charlie's? It makes mine look like a shack." Schwab was a

self-made man "Self-made man" is a classic phrase coined on February 2, 1842 by Henry Clay in the United States Senate, to describe individuals whose success lay within the individuals themselves, not with outside conditions. Benjamin Franklin, one of the Foun ...

who became president of

U.S. Steel United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pittsburgh, Pennsylvania, with production operations primarily in the United States of America and in severa ...

and later founded

Bethlehem Steel Company The Bethlehem Steel Corporation was an American steelmaking company headquartered in Bethlehem, Pennsylvania. For most of the 20th century, it was one of the world's largest steel producing and shipbuilding companies. At the height of its succe ...

. Schwab built "Riverside" after leaving

Bethlehem, Pennsylvania Bethlehem is a city in Northampton and Lehigh Counties in the Lehigh Valley region of eastern Pennsylvania, United States. As of the 2020 census, Bethlehem had a total population of 75,781. Of this, 55,639 were in Northampton County and 19, ...

for New York. The large property was available because it formed half the site of the former New York Orphan Asylum, one of several charitable institutions in the

Bloomingdale District Manhattan Valley (also known as Bloomingdale ) is a neighborhood in the northern part of Upper West Side in Manhattan, New York City. It is bounded by West 110th Street to the north, Central Park West to the east, West 96th Street to the south, ...

that gave way to large projects in

Morningside Heights Morningside Heights is a neighborhood on the West Side of Upper Manhattan in New York City. It is bounded by Morningside Drive to the east, 125th Street to the north, 110th Street to the south, and Riverside Drive to the west. Morningside ...

, such as the Cathedral of St. John the Divine and

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

's campus. The

Ansonia Hotel The Ansonia is a building on the Upper West Side of Manhattan in New York City, located at 2109 Broadway, between 73rd and 74th Streets. It was originally built as a residential hotel by William Earle Dodge Stokes, the Phelps-Dodge copper heir ...

now occupies the orphans'

Broadway Broadway may refer to: Theatre * Broadway Theatre (disambiguation) * Broadway theatre, theatrical productions in professional theatres near Broadway, Manhattan, New York City, U.S. ** Broadway (Manhattan), the street **Broadway Theatre (53rd Stree ...

frontage. The financier

Jacob Schiff Jacob (; ; ar, يَعْقُوب, Yaʿqūb; gr, Ἰακώβ, Iakṓb), later given the name Israel, is regarded as a patriarch of the Israelites and is an important figure in Abrahamic religions, such as Judaism, Christianity, and Islam. Jac ...

had bought the parcel, but—ominously for the social future of the Upper West Side—Mrs. Schiff refused to move to the "wrong" side of Central Park. Schwab was a risk-taker and later went bankrupt in the

Wall Street Crash of 1929 The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange colla ...

. He died comparatively penniless ten years later in 1939, bequeathing the forlorn "Riverside" to the City as a suitably ostentatious official residence for the

mayors of New York The mayor of New York City is the chief executive of the Government of New York City, as stipulated by New York City's charter. The current officeholder, the 110th in the sequence of regular mayors, is Eric Adams, a member of the Democratic Pa ...

. It is probable that former mayor

Jimmie Walker James Carter Walker Jr. (born June 25, 1947) is an American actor and comedian. Walker portrayed James Evans Jr. ("J.J."), the older son of Florida and James Evans Sr., on the CBS television series ''Good Times'', which ran from 1974 to 1979, ...

would have moved into the residence, but, unfortunately for the mansion,

Fiorello La Guardia Fiorello Henry LaGuardia (; born Fiorello Enrico LaGuardia, ; December 11, 1882September 20, 1947) was an American attorney and politician who represented New York in the House of Representatives and served as the 99th Mayor of New York City fro ...

, then the mayor, was reform-minded and turned it down, saying "What, ''me'' in ''that''?" Schwab House W74 jeh

La Guardia's rejection of the mansion sealed its fate, and during

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

, a

Victory garden Victory gardens, also called war gardens or food gardens for defense, were vegetable, fruit, and herb gardens planted at private residences and public parks in the United States, United Kingdom, Canada, Australia and Germany during World War I ...

was planted in its once-landscaped grounds. Eventually the many dwellings around the home became overcrowded and Riverside Drive lost whatever affluence and wealth that had existed. By 1947 the house was empty and in 1948 it was replaced by a large, red-brick apartment complex, called the "Schwab House."

History

References

Further reading