The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-07-02
WHAT SHALL We DO WITH OUR MILLIONS?
PhinhrOpie CarnegieS
Dctum Numerous Suggestions For Wise Expenditures

There are indications that a new in
terest has been awakened among the
very wealthy men of the country in
the subject of great philanthropies.
Men and women are giving or prepar-
ing TO give away millions to one great
charity or another. 1t looks as though
Andrew Carnegie's dictum that to die
rich is to die disgraced, was making
good many converts among the mil
lionaires-
If it is a disgrace to die rich, what
are our wealthy men to dc with their
millions? What are the objects and
who are the objects likely to profit by
well-directed charity? Are our million
aires ready to give away their wealth,
or a part of it2 These and other uues-
tions connected with this new move
ment now on foot among the wealthy
are answered by some of the most
prominent millionaires and philanthro-
pists in the country in todays Herald.
John d. Rockefeller is reported to be
worth $500 1000. 900 or more. He has
given away at least $4,000. 900. He
holds decided views on the subject of
charitably giving, and employs almon-
ers to see that his own beneficiaries
bring good results. Mr.. Rockefeller
says:
Il hold that it is every mans duty to
make as much as he can, and to give
away as much as he can to good pur-
pose. True philanthropy, like charity,
begins at home. If the millionaire in
vests his money in business that pro-
videS employment for large numbers of
men, If he pays his employees well, so
that they can work out their own ad-
vancement. he is fulfilling his duty to
the community and doing the greatest
amount of good to the workingmen.
AS for the surplus wealth which
man may accumulate beyond his own
needs and those of his family, there
are a variety of useful ways in which
1t may be employed 1 have always
been interested in church work, and
conceive it to be my first duty to give
to religious enterprises. Next to that
the cause of education appeals to me.
If rich man has any duties beyond
those of his fellows, in a country like
this, whose stability depends upon the
intelligence and moral character of it's
citizens, it is to help toward the moral
and intellectual betterment of those
who lack advantages or opportunities.
do not believe there is any man in
the country TO-DAY With d IDiIllON uol-
lars beyond his own personal and bust
ness needs who would not give it to
any object which he felt perfectly sure
would help the citizenship of the coun-
try in these two respects"
Mr.. Armour's Views.
Philip d. Armour. who has given
away $10,000,000, and has not yet
stopped, says:
while L do not pretend to be an au-
thority on scientific charity, 1 have
tried to embody my own ideas on the
subject in the Armour institute
AS the Armour institute is conducted
for the purpose of giving the poor boys
of Chicago technical and trade educa-
Mr.. Rockefeller in holding to the edu-
cational idea
C. P. Huntington.
There are others who believe that
there are better ways of employing
wealth than by giving it away. c. p.
Huntington is one of these. He says:
Suppose a man who has made fifty
or a hundred millions in business with
draws that sum and gives it away in
any form he may select. The chances
are nine out of ten that his money
will do less real good than it would if
he had left it where it was. Great
wealth Is desirable Only LOT what II
can accomplish. / think we are COM
ing more and more to appreciate that
But it can accomplish more by stick
ing to it's legitimate field than it can
by going out of its way to promote
Utopian schemes or by spelling young
men by overeducating them.
1T is the duty of great wealth to
carry out great industrial and CONNER
cial enterprises which result in cheap
ened production or more opportunities
for labor. If 5000, 900 can so develop
our trade with the east that we get one
of our necessary commodities a cent a
pound cheaper, it will do more good in
the end than if it is distributed among
the people of the country, giving them
a dollar apiece in direct charity. If
man sets a great industrial enterprise
in motion he cannot help doing good,
and the question of what to do with
his money does not bother him, because
it is fully occupied"
A Great Bankers Opinion.
J. Pierpont Morgan has given money
to build hospitals, to buy works of art
for public museums, and to help build d
great cathedral. Apparently he thinks
the millions given to the first of these
objects the best employed, for he says:
when one looks about and sees the
misery and suffering caused by sick
ness among those who have not them
selves the means to relieve it, he can
not help feeling that to alleviate a little
of it is the duty of those who have been
fortunate or successful. The care of the