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Reported by: Sean Dreher Thursday, Aug 28, 2008 @06:09pm EDT LORETTO, CAMBRIA COUNTY --- The sprawling Schwab
estate covers nearly 1000 acres in the heart of Loreto. In the early 1900’s, the steel industry made Charles
Schwab was one of the wealthiest men in the country, but he never forgot his
roots.
"This was a
favorite spot of his because he grew up in Loretto, he was a graduate of Schwab dubbed his summer
estate "Immergrun" - German for evergreen. The original 44 room mansion was built on the
site of his mother's house. He outgrew
the first mansion and built the one that now stands atop the cascades. The first house was saved and moved to
another section of the property. Many of
the Greek statues throughout the gardens are the originals hand picked by Schwab. Three years after his death in 1939, the
property was put on the auction block.
The lone bid came from a group of business leaders named the friends of Francis.
“They bid on the
property and they purchased it and then gave the property to our Franciscan
community," Oravec said. It's now part of the St.
Francis friary grounds. 50 Franciscans
live in the various buildings. "Some of them are
administrators and faculty at In the last few years
the Franciscans have added on to the mansion.
It now includes a large commons room and a chapel. The stained glass windows honor the six
friars who founded the university. The
mansion and associated buildings are closed to the public. But the gardens at the base of the estate are
open year round. “It's a very favorite
spot for tourists of the local as well as from other areas," Oravec said. |