Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1895-06-06

proportion of his fortune than was
ever given away by any American.
George Peabody gave 100000 for
philanthropic purposes in life and left
81, 100000 to be divided among his rela.
lives. His largest gift was $1,000, 600
to establish the Southern educational
fund. But of this S1,OOOO 900 was in the
hands OF the state of Mississippi, which
later became valueless. lie gave ST.
100000 at various times to establish
houses for the deserving poor of Lon
don, and s1,500,O00 to the city of Balti-
more to found an institute.
ID. X. Pearsons lives in Chicago.
Seven or eight years ago he began to
give away his property, so that at his
death there would be little left for any
body to quarrel over. His system is to
promise $4,000 to quarter million
dollars to a.college or other institution
that shall raise an equal or greater
amount-usually three times the
amount he gives. He believes that in
this way Others are stimulated to give.
and the beneficiary is much better off.
In the last few years Mr.. Pearsons has
given away several million dollars in
an unostentatious way, most of it to
small colleges i'll the northwest. He
has not so much left as he has given.
In founding the Leland Stanford
Junior University, Senator Stanford
set apart of his fortune, which has been
estimated at sS0,oOO,0OO, that part of it
worth Sl5,000000 in the same estimate.
The real value of the gift is profile
NAUTICAL, as it consisted largely of vine.
yard lands only partly improved. But
$4,000 acres of the best grape land in
California are included in this mag
nificent endowment, and this was the
most valuable part of his estate.
| 1t will be seen that these four men
Peter Cooper, George Peabody, Daniel
X. PearSonS and Leland Stanford
stand i'll the order named as the great
est philanthropists, comparing their
gifts with their fortunes, with any of
the generous milliOnaires of the coun-
try. Considering only those whose
gifts were made while living, President
Low comes next to these, because John
d. Rockefeller, Charles Pratt, of Brook
Ign, and Enoch Pratt, of Baltimore,
Philip ID. Armour, Andrew Carnegie,
Marshall Field, the Vanderbilts, all
noted for their philanthropy, have
greater fortunes, and the amounts they
have given have been proportionately
smaller than the Low library fund.
Of living Americans John ID. Rookie
Teller has given more than others. In
six years his gifts to Chicago Univer-
sity aggregate $4,5O0,0OO. Three times
he gave $1,0O0OO0. The full amount
was made up by smaller contributions.
But Mr.. Rockefeller's wealth was esti-
mated few years ago at $135,OeO,OOO
Charles Pratt, of Brooklyn, gave nu-
merous sums of 100000 or $4,000 for
worthy purposes. His greatest work
is the Pratt institute, with it's endow-
ment representing an outlay of some
thing like 100000. Mr.. Pratt's
wealth was supposed to be $5O,OOO,OOO
at the time of his death.
Enoch Pratt, of Baltimore, gave of
his great fortune over a million to
found free library. He is noted for
other philanthrOpic works. Philip d.
Armour, who is worth 100000 or
$50,000,0O0, has given nearly 100000
to build and endow the Armour Mis-
sion and Manual Training School.
The money was invested by him in fiat
buildings, so that the income of the
mission is assured. Mr.. Armour has
one clerk who does nothing but look
after his charitable work. He is known
as a donor to every worthy charity in
Chicago.
Andrew Carnegie's gifts of libraries
and other buildings of public char
acter to cities III which he is inter
ested have been heralded far and wide.
His income is enormous. He has given
away 100000 or 100000. Pitts
burg has been beneficiary to the ex-
tent Of s2,5OO,OOO Allegheny, Brad
dock, Johnstown, in Pennsylvania, and
Edinburgh and Dumferline, in Scot
land, have each received free libraries,
the aggregate cost of which has been
about 100000. lie gave $4,000 so
that poor young men and women might
gain musical education at the Royal
College of Music in London, and his
other benefactions have been numer-
our, including $4,000 to Authors
Club.
After the Worlds Fair was closed,
Marshall Field, of Chicago, doing
good wholesale and retail dry goods
business of $5OOOO,OOO annually, who
is worth $4O,OOO,OOO, gave 100000 to
endow the Columbian Museum, pro-
viding, however, that another million