The Providence news. (Providence [R.I.]) 1891-1906, 1893-01-30
TRY TO BURY The PAST
Andrew Carnegie Talks on the Re-
cent Labor Difficulty.
BRILLIANT FUTURE FOR FRICK.
He Retired From Active business -Four
Years Ago. and says That He is Now
Ioweriess TO Control the Doings of
the Carnegie steel Company.

PTrTsDuRa, Jan. 3o.-In an interview
here, Andrew Carnegie, in substance
said: ] did not come to P!tt5burg 10 rak
up, but to try to b.ry the past, OF whic
know nothing. That is beyond recall
1t should be banished as a horrible dream
and only the lessons that it teaches lait
TO heart for the future.
For twenty-six years our concerns hav
run with only one labor stoppage at on
OF It's numerous works and ] trust an
believe that even this record will be full
equalled in the twenty-five years TO CONS
When employer and employed becom
antagonistic, each considering the othe.
its enemy, IL is q contest between twiI
brothers. There il no genuine victory
possible for either, but defeat for bott
capital and labor.
-Four years ago / retired from active
business. No consideration would in
luce me to return to it. l have sold por-
tions OF my interests and am gradually
selling more to such young men in ofr
service as my partners find possessed OF
exceptional ability. / am not an officer
in the company, but only a shareholder,
To the numerous appeals have received
urging me to give instructions in regard
to recent troubles, | have paid no atten-
ton. l have u power TO instruct any
body connected with the Carnegie Steel
Company Gimited); the officers are elect
ed for a year and 40 n can interfere
with them. Even at the next election, il
j desired to make a change, / should be
powerless to do 80.
The law under which the company il
chartered requires a majority, not only in
interest, but in number of shareholders to
effect a change. II / desired TO replace the
present officers therefore, it would be nee
essary for me
To Obtain n Majority
OF the shareholders, and also seven mem
bers willing toIact as their successors. /
could not find one shareholder out OF the
whole number interested that would o
vote and stand by the present officials.
They will be unanimously elected.
am still a holder OF n majority OF the
shares OF the stock Of the Carnegie Steel
Company (Limited). As long az my young
partners desire my capital to remain in
the business it shall so remain and they
shall always have my best advice when
asked.
/ elsct to retain my capital in the BUSH
ness ] have helped 10 build up, because I
have great pride in il, and because my
capital is thus made the direct employer
of labor, IL furnishes many men with
work at good wages. / do not
know any form Of philanthrophy so ben-
efcial "a this. Since | retired from BUSH
ness, when money has come to me beyond
that required for living expenses, it has
been devoted to public uses.
1 have boarded nothing and / shall not
die rich apart from my interest in the
which may be held at my death.
Much has been said about my fortune; /
plenty only IL the works in Pitts
burg are prosperous; unless they are, /
have nothing. I have the satisfaction OF
knowing that the first charge upon every
dollar OF my capital is still the payment
the highest earnings paid to labor in
anv part of the world for similar service.
The four years management of the BUSH
ness by Mr.. Frick, whom | recommended
to the Carnegie Steel Company, (Limited),
~ its chairman and my successor, stamps
him as one of the foremost managers in
the world. II his health be spared, / pre-
iict that no man who ever lived i'm Pitts
burg and managed business there will be
better liked, or more admired by his en-
oloyes, nor do l believe any man will be
more valuable for the city.