The Montgomery advertiser., 1901-11-03
MIR. CARNEGIE RETURNS
SAYS HE HAS REFORMED AND
 QUIT BUSINESS.
Declares He Does Not Believe Trans Isthmian Canal is Practicable or Desirable-No English Steel
 Combination.

New York Nov, 2-Mr. and Mrs. An drew Carnegie were passengers on the St. Louis, reaching her dock late this af- ternoon. Concerning the steel situation, MT. Carnegie said:
 "I am out of the business. I have re- formed. I have heard something of the forming of an English steel trust. The English are not inclined to combine. It has been said that every Englishman is an island by himself"
 MT Schwab recently said that the Con- nellsville coal region would be exhausted in thirty years and the Lake Superior iron ore region In sixty years," was sug- gested.
 "schwab will not be exhausted in thir- ty years; he is a young man., was MT Carnegies comment.
 Have you any views on the subject of the isthmian canal?" was the next ques- ton put to him.
 "I do not believe in a canal at all. I do not believe a canal will render the ser vice for the transportation of goods that a first-class two-track railroad would do Freight could be unloaded into fifty-ton cars and loaded on the other side at far less cost than running even 10,000-ton ships even if you had to pay no tolls"
 Would you, therefore, favor a Tehuan- tepec ship railroad, such as has been proposed?
 They are building railroad there now, but not of that kind. l do not believe the Nicaragua Canal can be built. l do not believe that that canal can be work ed. even if it is built. The Panama Canal can be made workable. There Is more sentiment behind the canal than good sense."
 The subject of reciprocity was mem tioned. and Mir. Carnegie said: "Reci- procty is a very fine word to speak. but when you come to arrange the details, 1t is a most difficult policy. I have spent many pleasant hours talking on the sub ject with my dear friend, the late MT. Blaine"
 MT. Blaine believed in reciprocity" was suggested.
 MT. Blaine believed in many things at first, as do many geniuses," answered Mir. Carnegie. You can arrange recip- rocity with one country. but that coun- try favors you at the expense of all others. The best policy is to reduce pro- lection duties. Washington's policy was the best: Friends to all. allies to none.'
 Ambassador White said that you were full of good things for the future"
 Ambassador White spent happy week with me at Skibo Castle and when I con- fer with a man like White always feel full of good things. He is one of our most valuable men,"
 MT. Carnegie said that he was pleased to hear of his election as rector of St. Andrews University. He said that he always got along we'll with the youn9 men and that the students voted and they did not.care whether a man was rich or poor.
 Do you wish to say anything about the large gifts made by you to this city and the methods of it's expenditure?"
 "The necessary papers have been executed properly and prompt attention has been given this subject. The man. ner in which the proposition has been accepted leaves nothing whatever to be desired"
 Sir Julian Pauncefote, the British Ann basador, after an absence of two months. also returned on the St. Louis. With him were the Hon. Maud Pauncefote and the Hon. Audrey Pauncefote. Sir Julian Is hastening to Washington and it Is said that he will at once confer with Secretary Hay regarding the Isthmian canal. He refused to discuss the matter or to say anything for publication,