The Portland daily press., 1899-05-08
GOOD MIR. CARNEGIE.
Thinks Too Much of Labor To BE Con-
neeted with Trust and So sells Out
To One.

New York, May 6.-Anderw Carnegie,
with also, 900, 600 and more at his dispos-
al. will devote the remainder of his fruit
full life 20 two great purposes. Philan
thropy and fight against the trusts will
be the aims of this remarkable mana lat
er career; so q powerful arm Is raised to
batter down the great Combinations of
capital that are gradually absorbing the
commercial and Industrial life of the
country.
MIR. Carnegie will soon sell all his in
terests in the Carnegie works TO IL. y.
Frick and his associates 1t is known that
MIR. Carnegie's price is not less than the
gigantic sum of 500, 0J0, 600, already
mentioned.
The great ironmaster thinks that the
Text Presidential campaign will De
fought largely upon the ANTITRUST issue.
He could not be chief stookholder IN
the Carnegie company and OCCUPY logl,
cal position as the champion OF labor anu
the LeopIe against the trusts.
So far as labor is concerned. 10 is urReu
on MIR. Carnegie's behalf that he was
not responsible Tor the Homestead strike,
and that be strove with H. q frioh an ,'.
his business associates TO prevent III Dut
Mr. Carnegie could not overcome all OF
his colleagues, and therefore he nau TO pe
loyal to his business partners.
The nearest approach TO a trust that
Mr.. Carnegie was IN was the steel ran
pool, but that was only temporary
agreement as to prices between business
ompet1tors. The agreement made with
the Bethlehem iron company as to tine
price to be charged for arlnor was only
an agreement, not a combination OF the
firms.
Mr.. Carnegie believes that his can elimi-
nate the troublesome question OF 10 TO
I,RV IrnStZ
friends point significantly now to the
fact that he and William j. Bryan held a
LONG conference in this city last winter,
and cay that an agreement was reached
then.
MIR. Carnegie is also an anti timperi-
alist As soon as Mr. Carnegie retires,
his old associates intend to form $500,
600, 200 combination of the steel interests
But Mr. Carne-ie would have none of
that, SO they were forced to offer to buy
out his enormous holdings.
NMr. Carnegie's benefactions have been
ON an imperial scale, and will probably
aggregate more than $40, coo, 900, not in
GLIDING large sums he has given in Scot
land, and England. His greatest memo
rial is the Pittsburg institute. For this
he has expended $1,000, 600 He gave the
institution $780, 200 only a few weeks
ago for additions to the central libraries,
art galleries and music hall.
Ills Conspicuous cOHbElDuliOnS W WIS
city were the Carnegie library and the
Music hall lie has given 500. 600 for a
library in Atlanta, 500, 900 for library
in Belletonte, and $3.50, 0Oj for one In
Washington. Mr., Carnegie is now in
London.
Ii. c. Prick was seen yesterday and
made the following statement:
1.-The curl ent rumors that the Carnegie
steel company, limited, and the Il. G.
Frick coke company contemplated com
bination with other steel interests are
wholly unfounded What was in contem-
plation and what Is now practically
contaminated is the amalg amation under
one corporate organization of all the prop
critics ana interests of the Carnegie steel
company, limited. and the Ii. q. Frick
coke company and their subsidiary ana
allied organizations,
"Practioally the only change in the sit
uation will lie the retirement Of Andre
Carnegie form the organization, he hav-
ing sold to his partners his entire inter
est, Mr.. Carnegie's intention being to
give his entire time in the future TO the
prosecution of his great philanthropio
works.