Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-03-14
A MAGNIFICENT GIT
Andrew Carnegie Sets Aside
$4,000. 900 For the Benefit Of
Former Employees.
Sisnalizes His Retirement From
Active Business by Donation
to Workmen.
Will Devote the Rest Of His
Days to Pleasure and
Charity.

O0yS ~ klC0SOA . 0MO
Charity.
Pittsburg. March l4.-Andrew carne-
lgie has retired from active business
life, and has signalized his action by
setting aside s5Ouolc0U for the benefit of
his old employees.
His gift, the largest of his many ben
|efactions. was nlst:e known in a letter
to the president and managers OF the
Carnegie COMPANY sent by him from
( New York last night on the eve of his
departure for Eulape. and made public
here last night.
Mr.. Franks. my CASHIER Mr.. Carne-i
gle writes. will hand over to you, upon
your acceptance Qi the trust, S5,0O0,00O
tof the Carnegie Company bonds in trust
/ for the following purposes
The income OF Sl.O00.0U0 to be spent
lin maintaining the libraries built by.
me in Braddock. Homestead and Du-
lIquesne, have been giving the interest
iof $4,000 to eacn Of THESE libraries
hitherto, and this viii give a revenue
of 100000 hereafter for the three.
Braddock library is doing great
deal OF work for the neighborhood and
Esreuuires more Than Homestead. Home
Istead, ON the other hand Will probably
llreluite more than spuauesne. but /
lleaye it TO YOU 10 distribute the funds
/ from lime 10 time according TO the
work done or needed. Duquesnes por-
l.tion cal. be held until the library is
o,ens,, and then .rY,li.s,, "a, n,,,.f ,.xt ras
I'm cos. Il any
The income Of me other 81 100000 10
Id be applied:
Ia. To nroyide for he emuloyes of the
lst,arnesit. t,onpa,4v In All its works.
mines railways shops etc. injured, in
Its service an., fs.r those dependent su)-
Ion such employees, q 8 are Killed.
-, To ,,,oviae ,,ys.,1l rensiana or aids
Ia such employees as after long and
.Saryi,s,s thr,, txcaniinn:I f.i,.
,umsianera mood ,,oh haIn IN their old
nj, VIM u, :,ls good ,,se s,,f
1 .Should these u.es MOI REQUIRE. ali of
/ INA ,.s,.sr,,a ana ) surnI,,s az 5000 ooN
he ,eft after Ten years' opera;ion. ,ll.n
lfor all over This workt1eu IN mills other
\ than tha C,arneel.. COMPANY in Ale
! phenv con,,tv snail b4c,,n4 .slipibie for
isnarticipation in the fund. the mills
nan r,.st 1, he. works al tha Carnegie Steel
lf..omna,,y heinz .t;,.s,, an, hracad
..,rh;s fund i AZ, Intended - he l,sed
3. !. s,,,f,stit,,t,- fs, ,yhaf inc company.
mas he,sn n, ne. t,ht, ar ,,ofnp in such
| 81 rs, s,...,, I,;s i,,.s.nf,..,J n, 90
s,i,, sa,t,,... ma i,i,,ned 81
st,,,,, s.,,,,,ss, ~, ,,,,,,.ss ~,
/ naadv A.. Md APE thr,,s nc, fault Of their
con, e,.sSinr a,sai,,s, want So
~
4 can become aIf-,,Ip portinc
.,yo,,r ,,rea.ies,,, and my s,.lf nave been
co,, f..s,.; - fs ,irne nast as "a, The
Inossibilitv Of II, PRODUCING d pens ion and
81, ,yt,i,.,
s, rih,,ts r,.s,s. ,,,l,,;,,., t,,at 81 admirably
is,has ~ tba PENNSYLVANIA and
81 lgalti,nora <. 6,hjss "a Ilroad;s We find
) .it,ioul, 4, al i,1S,t te 1t man
s ssslyed hereaf,a, The trustees have au
a tha,itv ia maxi. this fund the founda-
him If s,IchSa system.
Each sl,t,e,ir dent Will report to the
president such cases in his department
: Ea.s no thinks worthy OF aid from tfls
fpnd ant, the president Will in turn re.
& port 10 the directors with his recon-.
4 nsrda,ion for action.
II report to De maze at IN seIltls fO
Neaeh5vear. giving an account of the funs
and of its distribution, shall be pub
llished in two papers in Pittsburg, am
slIcopies posted freely at the sfsveral work
q that every employe may know what il
& being done Publicity in this name
ssIwill, am SURE, have a beneficial effect
II make this first use Of surplus
wealth upon retiring from business a
: Ian acknowled cement of The deep deb
! (which owe q the workTen who hay
iIscontributed SO greatly to MY success
] II hope the cordial relations whichsex
r Isl between employers and er1IioNs
s thruout all the Carnegie Compan
works may never be disturbed. both era
8 pioyers and employed reineiilberlf3
a whatI said III my last speech 70 u
: rsensof Homestead: Labor capital M
. husiness ability are the three legs 81
] .nree-legged stool. Neither Is frs
. neither is second. neither IS third. Thei
Is no precedence. all being equally nee
: l.essary. He who would SOW discor
: among the three is an enemy to ALL
G II know thai ! have done my duty ]
q retiring from business when an oppOf