Charles M Schwab was born in Williamsburg. At the age of 39 he became president of the United States Steel. Near the turn of the 20th century, he was approached by leading citizens and asked to assist with bringing manufacturing jobs to the borough. He helped fund a paper mill that was built just outside Williamsburg in 1903. The paper mill's final owner was Westvaco (West Virginia Pulp and Paper Company). It was closed in the 1970s and later demolished. Mr. Schwab also helped make the borough larger by building houses for some of the mill workers. This section of Williamsburg was called Schwabtown.