The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-05-14
Carnegie Talks of the Distribution
of His Wealth.
HE WANTS NO MORE MONEY
THE GREAT AMBITION OF HIS
DECLINING YEARS.
His Pleasure Will Be In Making 9th
ers Happy With What He Has
Observation-Disclosures a Lecture
On the Selfishness of Multimil-
honaires, Retired From Business.


New York. May ia dispatch to the
Tribune from London says:
Andrew Carnegie has nothing to say
about his business affairs except to ex-
press his qualification that the time
I has come when he can refuse to make
any more money and devote his leisure
TO wise administration of his fortune.
While he has been misquoted in saying
that he considers it diSgraceful for a
man to die rich, he intends to spend the
remainder of his life in carrying out his
own gospel of wealth. When asked for
a statement of his views of the retire
ment of rich man from business, ne
made the following statement:
We'll, there are only two courses Tor
multi-mill ionaireS to follow. Some may
feel that although they have plenty to
retire on, they have very little to retire
TO. Many men who retire from bust
ness, become very unhappys They
have not cultivated other sources of
pleasure or occupation. In this case
men do not own the millions. the mil
lions own them and the multi million
aire is only a slave. Such men will,
no doubt, be less miserable if they con-
tinue to the end and die like Macbeth.
with the harness on their back
I'VE Americans do not retire gener-
the Briton, as a rule, has a hobby apart
from his business. He is not half so
strenuous a business man as the Amer
lean, but he usually has intense pleas
ure in his country place, in which he
usually has intense pleasure in his
country place, in which he spends sew
eral days a week. He may be an au-
thority upon gardening; if he goes in
for roses, his roses take the first prize
in hn Oh nra ria II 1od
went in for pigs. He was great manu-
facturer; he had a species of pig called
after him. 1t does not matter what 1t
is, so that it is something. He may
breed horses at a, loss. The principal
wine merchants of the world does SO.
Wide Full of Usefulness.
when such men make a competence
and arrive at years of discretion-I
mean so and overland retire, they
have sufficient interest in other things
to give them happiness. Besides this,
there is a wide field of usefulness in
district or local public life, which 1
have been privileged to see during my
visits paid to several we'll known man
ufecturers in this country. In this way
the Briton makes success of life. No
one can call human life a success who |
does not so train himself as to enjoy |
a happy, useful, digniied, graceful old |
age.
Although this course is less gener- |
ally pursued by the American than the |
Briton, still, America is not without |
Illustrious examples. Take Mr.. Mar
1uand; what a noble examplei He re-
tired from business and the MetropOli-
tan museum is his darling care. Few
people in New York know the debt the
city, yes, the country. owes to the
erect, gracious old gentleman Take
Mr.. Kennedy. my fellow Scot, who re-
tired from business. AS Mr.. Kennedy
old me long ago, he is buster than
ever But busy at what? About the
hospital, about the COM
ng public library, the United Charities
building and many other such institu-
ions. Take Mr.. Jessup; look at the
museum of natural history, of which
lie is president. and over which he
with fatherly care. Take Seth
LOW, who had large business, which
lie left to assume the presidency of Co
umbia university. Take Charles Stew
Lrt Smith; see how he leads happy
md useful life.
Their Useless Hoards.
Now all these men have not as their
ife work miserable aims which end
With self. They are laboring for the
God of others. I could mention other
ames. but these suffice for illustration
he question is, whether such a grace
ul ending of life is not a higher life
han that pursued by men who have
ar greater fortunes than any of these, !
ut nevertheless are found still i'm
lersed in the struggle for more per-
Onal gain, the final summons finding {
hem amid their useless boards from {
hitch they are torn and which, as
ule, are used after their death in a
-ay that would rouse their indignation r
they could look down. 1t is the part :
f wisdom, then, for millionaires to de- ]
ote their declining years to put their I
therwise useless millions to some good !
Sc. Brilliant as many of their invest '