New-York tribune., 1901-01-21
CARNEGIE AND STEEL INTERESTS
IMPRESSION IN PITTsBURG THAT HE WILL
NOT SELL OUT EXCEPT FOR
ENORMOUS SUM

Pittsburg, Jan. 20 (SpeciaD.-A general denial
OF any knowledge of the proposed sale of the
carnegie Company's plants. railroads. mines,
etc. to the so-called Morgan Syndicate is made
by officials of the Carnegie Company here. They
say that Mr.. Carnegie alone would be capable of
giving any information. They also requested
that they be not mentioned in connection with
the subject. 1t is the general impression among
the officials who re close to Mr.. Carnegie that
he will not sell his interests unless he
enormous amount for them. They point out that
Mr.. Carnegie has reached the stage in life where
his steel plant is his hobby rather than d manu-
featuring concern from which he annually
extract millions Of dollars That if he sold his
interests ne would not occupy public attention
as he does at present, and that as the owner of
the biggest steel plant in the world he is the
most sought after and most often quoted indi-
VIduaa ON these subjects His munitcence has
led him TO look upon his manufacturing interests
as the source whence he can crafty his
ambition in this direction. and it also keeps him
i'll touch with affairs enough TO interest him in
life In other words that there is a good deal
of sentiment in Mr.. Carnegie's possession of his
vast enterprises
But this may only represent what these Of
fcials most desire. as they know that if Mr..
Carnegie relinquishes his hold the company
the new owners will not be liberal in pre-
SeHlihS them with stock in new corporation
such as Mr. Carnegie has been bestowing on
his favored employees. Many of these, while
working for salaries, have retired after few
years in Mr.. Carnegie's employ rich men. and
some of them millionaires.
1t is said here to be wrong TO connect H. c.
Frick with the movement to aid the so-called
syndicate in securing control of the Carnegie
possessions. Mr. Frick is reported to have put
his money and energy into other enterprises,
notably real estate. He is establishing large
buildings in PittSburg, and is of the largest
lancholderS in the MOnOgaheIa Valley besides
having his money invested a stOCkhOlder in
scores of concerns He says that he is out
of the steel business entirely, and it is said
Mr. Frick has never been known 10 say one
thing and mean another.
1t is not believed here that the New York
hnanclerS have an option on the Carnegie in
terests, because the big company is rushing
along its proposed improvements, and within
ninety days the company expects to be ready
This has been gathered from outsiders who are
employed by the Carnegie company on these
enterprises. When Mr.. Schwab, president Of the
Carnegie company, was in New-York last week,
1t is said he did not attend any meetings of
the Morgan syndicate but spent his entire time
in attending 10 the affairs of the various pools
of which the Carnegie company is member.
If any move is to he made in the sale Of the
Carnegie properties ii is thought that Mr..
SChwab would have tc be consulted. as the one
man knowing the entire affairs Of the company.
Andrew Carnegie declined TO see Tribune re-
porter yesterday. He is reported TO have de-
MED on Saturday that he was contemplating the
reported sale OF his plants. Attempts were made
TO see other men interested in the various steel
companies, but no one was found who would
talk for publication.