The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-01-05
HIS GIFTS OF DI)|
Carnegie Gave Away Nearly
S40,000,000.
WAS THE FIRST YEAR
That Carnegie Was Able TO
Give Attention TO 1t.

| This has been the first year that Mr.
Carnegie has been able to give his undi-
vided attention to giving away his money
in line with his declared intention not to
die rich.
When Mr.. Carnegie wrote his famous
saying, ito die rich is to die disgraced, -
the public was incredulous. That was
seven years ago. Nearly two years ago
when the quotation from his own pen
was shown to him, with the query
How is it to be accomplished Mr..
Carnegie said through the World. watch
and see."
In 1899 Mr.. Carnegie gave away S. OOO, 900.
On New Years day, 1901, his gifts aggre-
| gated $40, COO In 1901, as Mr.. Carnegie
has had nothing else to do, he has null
! tiplied the amount of all his former gifts
by two.
Small and why, taking excellent care
Of himself, with no business dorries and
engaged in the pleasant pastime of max
| ing his SOUL Andrew Carnegie bids fair
to live beyond the scriptural 20 years.
He was Ga years old on the 18th day of
he will be comparatively poor five years
hence.
Up to the present year Mr.. Carnegie
had not given away more than his in
come, estimated at SIS. 100000 year Now
that he has broken into his principal,
the income has of course been reduced
as well, and this will continue TO grow
smaller until Mr.. Carnegie is an ordinary
millionaire.
The exact amount of Mr.. Carnegie
wealth has never been made public, but
the estimate of $3.50, 900, 900 made at the
time he sold out his steel properties to
the United States Steel corporation, late
last winter, is accepted as conservative
by Wall street men and fnanciers. The
backbone OF his wealth was $3.50. 900 900 in
5 per cent gold bonds of the corporation,
and it is these bonds which Mr. Carnegie
is giving to the cities of America and
Great Britain for Libraries and cduca-
tional purposes.
The balance Of Mr.. Carnegies wealth
is made up of United States Steel stock,
of British war loans, Of United States
government bonds and gilt-edged railroad
investments, besides real estate in New
York City and Pittsburg, prominent
among the buildings being the Carnegie
music hall in this city and the mansion
now being finished in Fifth avenue, in
the block bounded by Nnetieth and Nine
ty-frst street, on which no expense is be-
ing spared.
Gifts at 100000 900 each are now being
reported from Mr.. Carnegie, and once a
-,
benefited by his generosity, it is accepted
as true, and generally turns out to be so.
Only one other man in America could
duplicate Mr.. Carnegie's gifts. and he is
John D. Rockefeller. For any other man
or family to give $4,000, 900 in one year.
would be to cripple the giver.
The handsome house at No West
Fifty-first street, which was given by
Mr.. Carnegie to his wife when he took
her there as a bride, VIII have an added
interest through associations connected
with Mr.. Carnegies great beuefactions.
Here have been planned the gifts which
have astonished the world-the 3, 800. 600
library gift to New York City. the &c.
600. eo0 gift to Washington for national
education, the S10.O0O00O to Scotland for
her universities and the S4O0Oe0O to Pitts
burg for old Carnegie employees who need
pensions. At least 100000 have been
given away from the private library in
which Mr.. Carnegie enjoys his Shakes
peare and other standard works.
On the walls are these notices:
'The present movement is our aim; the
next we never see"
He that dare not reason is a fool; he
that cannot is a fool; he that viii not il
a bigot"
This library is on the second floor OF
the Carnegie house. In a connecting
room sits the secretary, one Of the BUSH
est men in town. Hundreds of letters
come in one delivery Of Mr.. Carnesie's
mail. and these must be assorted BY the
secretary.
In his new mansion Mr. Carnegie VIII
have a much larger library. and a spIen-
did Office for the transaction Of his busi-
ness Of lettering humanity
As soon as J. Pierpont Morgan took
Mr.. Carnegie's business troubles Of his
mind, he began TO get rid Of his wealth
with a free hand. and the belief IS that
he viii keep up the pace. His first inti-
nation OF the greater gifts which were
to come was made on the date of his
departure for Europe, early in March
on March 3 President Schwab Of the
Carnegie company. received letter which
told of She gift OF s5.0o0e0 20 the employees
Of the company. now the steel trust. four
million dollars for those dependent upon
EMPLOYEES who had lost their lives IN the
service Of the company. and for pensions
for those grown old in the employ q the
company. one million was for tho main .
tenance of the libraries butt by Mr.. CAR
aeg.e in Braddock. Homestead and D,-
Quense.
Cir. Carresie. IN DECORATING his eift
as his arst under the changed conditions.
said.
u make chs first use 81 surplus
wealth. upon retiring from business -
en- aoknoxledgement ~ TIE deep debt
shioh owe 70 the wcrl-raen Tsaa laTe
contributed 50 greatly - nay snecs -
ro The peorle ~ F.ttshesg he wTstas
AN opportunity 70 retire from business
-arne IL re unsaueiit- vh.th cons q
sres e. ms dzlv ~ acregt- Iu NY 11ugr
ms resolve was rn8fa &c retire before
ia axe Frara what 2 here seen arai
80 cau1ot dorat fhe wlsd m - shis
-asrss. althorsn the chanss IS great
sven serious ARA seldom brings the ha7-
-.ness expected Buf sh-s rs te-zase
81 marr hsrt1e airisssla res 81 re..re eH-7
-axc - lhue 81 retra 70
rhs fathers 20 aiaen days tansht tl-f
s~r Should re slnae Before
& Afs c1-s-- sor the missing - hs sea-
have alsass fe-t thsf e.e as sfea fe
-ssrs-c,t - -h- srn.h Sag r wakine
rfek-- r tt - making & good