New-York tribune., 1901-03-14

world This fund will in no wise Interfere with
the continuance of the savings fund estab-
lshed by the company fifteen years ago for the
benefit Of its employees In this latter fund
nearly s. 100000 of the employees savings are
on deposit. which the company by contract
navs per cent and lends money to the work
men 70 build their own homes. The letters
follow:
No = West Fifty-frst-st..
New-York. March IL 1901.
To the Good People of Pittsburg:
An opportunity TO retire from business came
10 ne unsought which l considered il my duty
~ acrept Ny resolve made in youth TO
retire before old age From what ] have seen
around ne I cannot doubt the wisdom of this
course. although the change is great. even seri
ous and seldom brings the happiness expected
But this is because so many. having abundance
n retire upon have so little retire TO. The
fathers In olden days taught that a man should
have time before the end Of his career for the
making Of his SOUL l have always felt that
old age should be spent not. the Scotch say.
in making mckle mair' but in making good
1Ise Of what has been acquired, and hope my
friends Of Pittsburg Will approve of my action
in retiring while still in full health and vigor.
and can reasonably expect many years for
usefulness in fields which have other than per-
sonal aims.
The pain Of change and separation from bust
ness associations and employees is indeed keen;
associates who once the best of friends.
employees who not only the best Of work
men, but the most self-respectng body of men
assured and very proud.
But the separation from a business point
If view is not absolute, since my capital remains
IN PittshurS as before. and indeed am now in
terested in more mills there than ever. and de
pend upon Pittsburg as hitherto for my revenue.
| shall haH-a more time 10 devote to the
institute and to the technical school. which are
in the higher domain Of Pittsburg's life. and
these ! have long seen 10 be my chief work-the
field III which can do the greatest, because the
highest good for Pittsburg The share which
] have had in the material development of our
city may b. considered only the foundation
which the things of the spirit are built and in
taking the proceeds of the material to develop
the things of the spiritual world, | feel that 1
am pursuing Inc deal path of life and duty.
For all these reasons. and for another more
potent than all. viz. that PittsburG entered the
core of my heart when ] was a boy and cannot
be torn out, | can never be one hairs breadth
less loyal 10 her. or less anxious to help her in
any way. than l have been since / could help
Ny treasure is still with you. my heart is still
with you, and how best 10 serve Pittsburs is the
cf my life. ANDREW CARNEGIE.
No. = West Fifty-frst-st.
NeI-YOrk. March l.. 1901.
To the President and Managers. The Carnegie
Gentlemen: Mr. Franks. my cashier will hand
over 10 you upon your acceptance of the trust
A5oD0V0O Of the Carnegie company bonds, in
trust for the following purposes:
The income of 100000 TO be spent in main
ralning the Libraries built by me in BraddOck
Homestead and DuouesEe I have been giving
the interest of S250o00 each of these libraries
hitherto. and this viii give revenue of SJoplo
hereafter for the three. BraGdock library is
doing a great deal Of work for the neighbor-
hood. and requires more than Homestead.
HomcTtead, the other hand, viii probably re
guire more for a time than Duquesne. but
leave il TO you distribute the funds from time
n time according TO the work done or needed
DEquesne's portion be held until the library
is opened, and then applied to meet extras IN
cost if any
The income Of the other s4o000OO is to be
applied:
of
negie company in all its works. mines, railways.
shops, etc, injured in its service, and for those
dependent upon such employees as are killed
Second-To provide small pensions or aids 10
such employees as. after long and creditable ser
vice through exceptional circumstances. need
such help in their old age and who make good
use Of il. Should these uses not require all OF
the revenue, and surplus of S2oO,OOo he lett
after ten years operation, then for all over TINS
Workrnen in mills other than the Carnegie COM
pany in Allegheny County shall become eligible
for participation in the fund. the mills nearest
the works Of the Carnegie Steel Company pelh8
first embraced
This fund is not intended to be used a sub
stitute for what the company has been in the
habit Of doing in such cases-far from 1t. 1t Is
intended TO go still further, and give 10 the IN
1ured their families 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 become sell-sup-
porting
Your president and myself have been con-
terring for some time past as to the possibility
Of introducing a pension and beneficial system to
which employees contribute. resembling that so
admira bly, established by the Pennsylvania and
Baltimore and Ohio railroads. We find II a
difficult problem adjust to manufacturing
concern, but should it be solved hereafter the
trustees have authority 10 make this fund the
foundation Of such a system.
Each superintendent will report TO the presi-
dent such cases in his department he thinks
worthy Of aid from the fund. and the president
VIII in turn report TO the directors, with his
recommendation for action.
4 report 10 be made at the end of each year
giving an account of the fund and of its distri
oution shall be published in TWO papers in Pitts
burg, and copies posted freely at the several
works, that every employe may know what is
eeing done. Publicity in this manner will, am
sure. have a beneficial effect
make this first use of surplus wealth upon
feurlng from business as an acknowledgment of
the deep debt which l to the workmcn who
nope the cordial relations which exist between
employers and employed throughout all the
carnegie company works may never he dis
lnrhed, both employers and employed remem-
berlng what j said in my last speech TO the men
az Homestead: Labor, capital and business
ablilty are the three legs of three legged stool:
neither is first neither is second, neither is third;
here is no precedence, all being equally neces-
ssfy. He who would discord among the
three Is enemy of all
know that ! have done my duty in retiring
from business when opportunity presented
Itsef and yet as i write my heart is full. / have
tHJoyed so much my connection with Horkmen,
Iofennen. clerks superintendents partners and
al other classes, that il is a great wrench in
Heed' TO say farewell Happily. there is no real