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No. 2 Vol. 5
mypaperonline.com
May 2016
Roseland Man Has First Book Published At 93
By Anastasia Marchese eter Schaub, of Roseland, has led a rich and interesting life as an investment broker. Although not a career that most people associate with excitement, there are often interesting stories found in unexpected places. Schaub’s investments however ran along unique lines. “My father and I got involved in the buying and selling of bridges,” said Schaub. Buying and selling privately owned toll bridges is a niche market for sure and may sound like a career destined only for those born into money. Yet Schaub’s father came into the investment business in a very unexpected way. He was a magazine salesman. How he went from buying and selling magazine subscriptions, to buying and selling bridges seems more like the plot of an old black and white movie than real life. Sometimes however, life can be stranger than fiction. Schaub’s father worked in NYC selling magazines to women working in the business district. He would befriend the doorman at the building and would in that way get access to the offices. At lunch time while the girls ate their sandwiches and such, he would give his sales pitch. He must have been a very persuasive salesman because he was overheard by one of the managers at an investment firm and asked if he would like to sell bonds. “My father didn’t even know what bonds were,” said Schaub, but selling bonds sounded like a good career move. Soon thereafter he joined that company and started on a new course in life. Then in 1933 Schaub’s father started his own firm. “It was not a very good time to start a business,” Schaub re-
flected. Due to the depression his father had been let go from his position at the investment firm but “a client of his (from his old job) loaned him the money. He used it to buy a desk and some chairs and to hire a secretary.” He was able to make a go of his investment firm, even during those difficult financial times. His company went on to be the oldest independent investment firm in NJ. Schaub joined his father’s firm in 1946 and the company grew to have 14 employees. The details of the buying and selling of privately owned toll bridges is a subject best left to Schaub, as he is able to turn what might otherwise seem a dull subject into an engaging tale rich with personal anecdotes and humor. The pictures alone make the book worth buying. Schaub described one picture of his son and himself atop the Golden Gate Bridge in San Francisco. His son had a connection to someone associated with the bridge administration and arranged for Schaub to be able to get an inside view. Schaub remembers the ride up in the bridge’s antique elevator and then the amazing view of the entire city. It was definitely a once in a lifetime experience to remember. Schaub has given various talks over the years describing his unusual experiences and was encouraged to write a book by his family and friends. Schaub reasoned that since he was the last person alive who could tell the story that he ought to. Now Schaub’s son is encouraging him to write another book, but Schaub thinks that one is enough. At 93 years of age he is content to have written his accounts down. He spends his days golfing and taking part in his local rotary club. Schaub has a long history of community service involvement and continues to take an active role. TES STIMA FREE E
FULLY
INSUR ED
Peter Schaub
To order a copy of the book, $15, entitled "Wanna Buy A Bridge? (No, Not the Brooklyn Bridge)," contact him at 973-618-1424 or email him at hpsms@aol.com.
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