The Savannah morning news., 1900-06-09
ANDREW CARNEGIE's WEALTH.
He Estimates IL at $2Oe. 100000.
stories About Him.
From the PhiiadeIphia Press.


discussion in Pittsburg concerning Mr.
Car1egie's enormous single fortune, 1t is
inter6 sting to note what difference il
would have made in the Carnegie pile
had H. c. Prick and his associates ac-
cepted the settlement, which Mi Carne-
gle wanted 10 make waen Mr. FriCk with
drew from active business.
According 10 the figures which were
ven by Mr.. Frick. his Weather part
ner would to-day be richer by the sum of
about S45 100000 Mr.. Carn gle would now
be worth a quarter Of a billion of dol
lars, had Mr. Ffick acquiesCed in the pro-
posed 5, ttlement. But Mr. Prick did not
acqui see and in consequence that gentle
man received about S'3 coo eco in addition
| to what Mr.. CaneRis wanted to give. 1t
/ is also known tina the basis Of settle
ment was very satisfactory Nhose part
ners who ui not join Mr.. Frick in his
fight. They became large benetciaries by
| tue terms CT the tinal settlement and the
/ total addition to their holdings by the
/ reorganization of the company amounts
/ to a sum in the nelghboIhood Of 10000
/ $50. This amount would have gone into
/ NJ alre ady we'll filled wallet of the laird
/ of Skibo Castle, had Mr.. Frick not
/ b. ought his famous suit or had Mr.. car
! neeie Fought and won it. instead of drop
/ ping cut before the draw.
Carne&ie'S Immense Interest.
! don estimating his fortune at $2O0000,C0l
| GAYS q some surprise in PittsbuTg where
/ II has been supposed that Mr.. Carnegie
| had a larger private fortune, than this
would Indicate A gentleman conversant
! with Mr.. Carnegie's affairs states that
/ he received in the final settlement Of the
FIick suits bonds of The new Carnegie
company TO the amount of about $4,000
/ 900 and stock to the amount of about $50
10000. This makes the entire Carnegie
/ interest in the company $l70000G00. In ad-
dition to this Mr. Carnegie is credited
/ with holding investment securities of va
/ rious sorts and cash TO the amount OF
about $30,C00,l00 the latter constituting
sou of private fortune
Mr.. Carnegies statement is taken to
mean among those who know him. that
he now admits the validity of II. c.
Tricks claim as TO the value of the Car
negie interests.
one prominent Pittsburger upon read
ing the statement, attributed TO Mr. Car
I nesie said: Il don't think that man
with all thai wealth should covet Ma
both's vineyard especially after Naboth
had helped him to get it," This was in
reference TO ~. c. Frick, whose manage
( ment of the Carnecle property for maHy
years is considered by Pittsburg manu-
facturers as the great factor in placing
that concern on its present footing.
Carnegic's First wealth.
Owing to his ass ,ciation with the Penn
sylvania Raj read, Mr. Carnegie made his
first money out of the American sleeping
/ car invented by Josiah Woodruff He was
OF Of those who took up Woodruff's idea,
which was later developed by George
Pu Imam. This was the first cash made by
I Andrew Carnegie in CoffmeIeial enter
Prise of any cons quence. 1t gave him
/ an opportunity 10 go into oil when the
first big wells came in throughout We
In, no IA of
and Pithole He a stakeholder in the
/ Columbia oil Company, concern which
| earned 81 0C0,O00 in its first year. out OF
that zeal NJ. Carneg . made about 500
COO, giving him a fortune of $4,000 when
meant hing in these days. Soon at
ter this Carnegie went into iron. lie start
/ ed the Keystone Bridge Works through
the aid of w l.. Piper and Mr., Schiller,
who were employed on the western d.
vision of the PennsylVan Railroad dur
ing Mr.. Carnegies connection win the
road.
The Edgar Thomson Rail Mills We're
built by MIR. Carnegie TO turn out 100
tons of rails annually. When the late
Capt. w. r. Jones produced 10000 tons
one year It was hailed as remarkable
feat. Just before Mr. Frick left the con
Germ the same works had a producing
pacity of coo tens Of steel rails an
nually.
One ON Carnegie.
A good story is told about Carnegie and
Jones on one of his visits to Braddock
Mr. Carnegie said to Mr.. Jones: DO you
know. Mr. Jones, 1t is one OF the great
est pleasures of my life to feel when
am Oh the ocean going away, that | have
such competent men in charge. and that
/ am leaving a man like yourself behind
TO run the mill
II feel that way too" said Capt. Jonej
without cracking smile.
Mr.. CarneRie's annual expense account
is in itself fortune. Up to five years
ago. when he married, it is estimated that
he spent about 500 00) per year to liVe
Suites of apartments in London and New
YORK were constantly kept in readiness
for him. Since his marriage it is esti-
mated that MIR Carnegie's annual living
expenses amount TO about "A half mil
lion dollars. The maintenance of Skibo
Caste in Scotland alone costs "A prince
~ income Among his remaining annual
expenditures is private pension list
which contains the names of poor friends,
Among them are those who helped young
ANDY" Carnegie without dreaming that
he would one day be able to help them.
on this list for many years was the
name OF an Old man who had been kind
TO young Andy when he was a tele-
graph mess niger. The Cd man was very
poor when discovered by the steel man
ufacturer. and the latter settled the sum
of $1,000 PER year on him aud upon his
death 1t was paid to the widow.
Carncsie's Numerous Fads.
Mr.. Carnegie has had numerous fads In
addition to Libraries and pipe organs. one
of Them was the owning Of newspapers.
Ten years ago lie bought up eighteen
d se ond-rate English newspapers. with the
idea of running them on common basis.
He sold out at a small loss when he found
that he was making personal enemies on
account of the diverse views his news
papers were forced to express in order
to suit the tone OF their re spactive locali-
ties. In one town Mr.. Carnegie was a
Radical, in another a Liberal and in still
another a Conservative. Mr. Carnegie has
a host OF cousins aud nieces and nephews,
but few close relatives. living. The near
est one is George Lauder Jr., of Dunn
feminine. Scotland. the birthplace of the
steel baron. He is an uncle 10 MIR Carne-
gle and is the father Of George Lauder.
one of the Carnegie partners.
The personal characteristics OF Mr.
Carnegie and Mr.. Frick may be said to
be divergent MI Carnegie is short in
stature and not very stout. considering
his age. Mr. Frick is taller, OF much more
substantial build Both men wear full
boards Mr. Carnegie's is almost white,
MIR. Tricks is beginning TO turn iron
gray. In temperament Mr. Carnegie Is
somewhat abrupt, quite impusVe and
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