The age-herald., 1901-03-14
The Second Letter.

New York, March 12, 1901. ITO the President and Managers of the
 Carnegie Company:
 Gentlemen - MT. Franks, my cashier, will hand over to you, upon your accept ance of the trust, s5, ,0O0,0 900 of the Car negie Company bonds in trust for the fol- lowing purposes:
 "The income of $1, ,0O0 900 to be spent in maintaining the libraries built by me In Bra addock, Homestead and Duquesne.
 "The income of the other $4, 900 Is to be applied:
 "FirstlTo provide for employees of the Carnegie Company in all it's works, ,mines railways, shops, etc, injured in its ser vice and for those dependent upon such employees as are killed.
 "Second-To provide small pensions or aids to such employees as, after long and creditable service, through exceptional services need such help In their old age and who make a good use of 1t. Should these uses not require all the revenue and a surplus of s200,00O be left after ten years of operation, then for all over this workmen in mills other than the Car negie Company in Allegheny County shall become eligible for participation in the fund, the mills nearest the works Of the CarneRe Steel Company being first em- braced.
 This fund Is not intended to be used as a substitute for what the company has been in the habit of doing in such cases far from 1t. It Is intended to go still far ther and give to the injured or their fam flies, or to employees who are needy in old age, through no fault of their own, some provision against want as long as needed, or until young children can be self-sup- porting Your president and myself have been conferring for some time as to the possibility of introducing pension and beneficial system to which employees con- tribute, resembling that so admirably es- tablished by the Pennsylvania and Balti- more and Ohio Railroads. We found it a difficult problem to adjust it to manu- featuring concern, but should 1t be solved hereafter, the trustees have au- thority to make this fund the foundation of such system.
 Each superintendent will report to the president such cases in his department as he thinks worthy of aid from the fund and the president will, in turn, report to the directors with his recommendation for action.
 make this first use of surplus wealth upon retiring from business as an &C., knowledgement of the deep debt which owe to the workmen who have con- tributed so greatly to my success. ] hope the cordial relations which exist be- tween employers and employees through out all ttlo SdiHo6iC NoihPoAy VOi n' f'A'S never be disturbed; both employers and employed remembering what I said in my last speech to the men at Homestead:
 Labor, capital and business ability are the three legs of three-legged stool; neither Is first, neither is second, neither Is third; there is no precedence. all being equally necessary"
 I know that I have done my duty in re- tiring from business when an opportunity presented itself, and yet as I write my heart Ia full have enjoyed so much my connection with workmen, foremen clerks, superintendents, partners and all other classes that 1t is a great wrench in- deed to say farewell. Happily there is nc real farewell in one sense, because all though no longer an employer, l am still and always must be a friend, deeply in terested in the happiness of all whom it has been my good fortune to know and work in sympathy with for so many years.
 Always truly yours,
 ANDREW CARNEGIE.