Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-07


for the good Of the community from which
It is derived" and tha4g 1.-THE man who
dies possessed Of MILLIONS Of available
wealth, which was free and his to admins,
This noble and exceptional ideal Mr.. Car
negie has faithfully exemplified in his own
life and practice, and Few Of his contem-
poraries have been more generous and con-
slant benefactors. dr.
His Retirement From Business.
Early in May, 1899, It wis announced that
Mr.. Carnegie had arranged to sell his vast
interests In the manufacture Of iron and
steel. and that the various Carnegie COM
panies would be amalgamated into single
corporation. In explanation Of his retire
ment, Mr. Carnegie is reported as saying:
Il sold in pursuance of a policy deter
mined upon long ago. not to spend my old
age in business, struggling after more dol
unsel1sh life after sixty
1t is said that the sum paid by the new
syndicate for the mines, coal and coke
properties. railways, works and other in
terests of the Carnegie Steel Company
amounted to over $30O,OOO,OOO The bust
ness was founded by Mr.. Carnegie and Mr..
Harry Phipps less than forty years ago. on
a very small scale, at first combining itself
to the manufacture of iron and steel rails.
It's now existing resources are equal to the
production Of about 100000 tons of steel
a year. or five times the total Of the
worlds production in 1870. Mr.. Carnegie
owned about 60 per cent Of the entire in
terest, so that, If the rumors as to details of
the sale are true, the arrangement leaves
him possessor of about s2O0,OOO,O 1000.
There Is. perhaps, no parallel record in
history of a man who, entirely unaided,
without the direct help of any one, and
without even the advantages Of an ordi-
nary school education. within forty years,
in legitimate manufacturing business en-
terprises, without adventurous aid from
1off c,rnb haS c,,cIo
fortune. In the case of John D. Rockefeller,
his wealth was the outcome of organizing
vast monopoly. In the case Of the Van
derbilts and J. Gould. there was at the bot
tom the dexterous manipulation Of railways
and railway stocks involving now and then
a grand coup which brought in enormous
hauls. In the case of the Astors the I'M
earned increment of land values secured
vast wealth, which was not ma terially in
f1uenced by any action of the owners of
Manhattan Island, but depended on crcum-
stances which they neither nor could to any
extent control. Indeed no other fortune of
the first rank, whether in the United States
or Great Britain, has BEEN like Mr.. Carne-
gie's due to manufacturing enterprise alone.
In Europe again, the fortunes of the Roths-
childs, of Baron Hirsch and Of other hota-
BILE men in the world of British finance.
have been founded either on large financial
operations, as such, or on the appreciation
of land or other securities on which they
were chiefly dependent.
Mr.. Carnegie's Benefactions.
Andrew Carnegie has been great bene-
factor to the people Of the United States
in the way of providing public libraries. In
1899 he gave $, 503, 500 for "a libraries in
many cities and towns of TIE country. In
1900 he gave s64O, 900 for 10 public Libraries;
in 1901, s12 Sss, 500 for 100 libraries, and in
1902, 81 sos $50 for So libraries making
total of 258 libraries which he has caused
to I,o nfa1 in nf
In four years, at total cost Of $40, CSC, 800.
Mr.. Carnegies benefactions as to libra
res have been in pursuagee of belief In the
benefit of books to a community, as is evil
book 1.-The Empire Of business"
THE greatest character III the public life
Of Britain and the stannchest friend Of the
republic in it's hour of need, the radical,
his most valuable acquisition, replied, "A
taste for reading L can truthfuly say
from my own experience that 1 agree with
that great man. Most anxious to give you
the best advice in my power, advise you
to cultivate the taste for reading. When
was boy in my teens in Allegheny City,
Colonel Anderson, whose memory l must
ever revere, who had a few hundred books,
gave notice that he would lend these books
every Saturday afternoon to boys and
young men. You cannot imagine with what
anxiety some of us who embraced this OPP
portunity to obtain knowledge looked for
we could get one book exchanged for an
other The principal partner with me in
all our business, Mr.. Phipps, equally with
myself, had obtained access to the stores
of knowledge by means Of this benefactor.
1t is from personal experience that l feel
that there is no human arrangement so
powerful for good, there is no benefit that
can be bestowed on a community so great
as that which places within the reach Of all
the treasures Of the world which are stored
up in books"
Mr.. Carnegie's donations for libraries and
educational purposes effective during the i
year just ended were, in part, as follows:
Cooper Union, New York, 100000; Wooster
(Ohio) University, toward rebuilding the
100000; Stevens Institute Of
Technology, Hoboken' N j.; for - end 0g
neering, 100000; Clark University, toward
securing a bequest, 100000; American
Library Association. to be used for the
preparation and publishing Of reading lists,
erary work, 100000 Union College, to be
devoted to the completion of Mott Memorial
Hall, $4,000; Cincinnati library board. for
RES $4,000, and forsspublic libraries:
Albany. N. Y. s175,. >; Athol Mass, s15,-
600; Atlantic. Iowa, s12, 500; Baraboo, Wis,
$12, OO0 Beatrice, Neb., $4,000; Benton Har-
sor ooS Mich seo9 Bngha no Y
Mont, $4,000; Brazil, Ind, $4,000; Cedar
Falls. Iowa, $4,000; Charlotte, Mich, $1O,-
600; Chicago Heights, ILL.,, $4,000; Danville.
Ind, $4,000; Dennison, Iowa, $4,000; Den
yer. Col, 100000: Dover, N. H, 10000;
Fulton, N. Y, $4,000; Hampton, Iowa, $1O-
600; Iowa City, Iowa. $4,000; Las Vegas,
N. Mex, $4,000; Lawrence, Kan, So. GOO;
Lexington, Ky, $4,000; Little Falls. Mimi,
10000; Littleton, N. H, $4,000; London,
Ohio, 10000; Maquoketa, Iowa, 10000;
Marlboro, Mass, $4,000; Melrose, Mass,
$25, 600; Mitchell, S. Oak, $4,000; Mount
Clemens, Mich, $4,000; New Albany, Ind,
$35, 600; New Brunswick, N. j., $50, OO0 New
ton, Kan, $4,000; Oskaloosa, Iowa, $4,000;
Paris, ILL.,, $4,000; Redfeld, s. Oak, 10000;
Reno, New, $4,000; San Bernardno, Cal,
$4,000; Santa Rosa. Cal. $2O,OO0 Saratoga,
N. Y, $4,000; Taunton, Mass, 100000; Tip
ton, Ind, $4,000; Waukesha, Wis, $4,000;
West Hoboken, N. j., $4,000; Worcester,
Mass, $4,000; Yankton, S. OAK, $4,000.
The Carnegie Institution.
The greatest benefaction Of this philan-
thropfst is the Carnegie Institution. The
formation Of a corporation for carrying out
the project Of a national university, founded
by Mr.. Carnegie, was completed on jan
uary 4. The corporation which is to have
charge Of the $4,000, 600 gift will be known
as the Carnegie Institution" and the
incorporators include Secretary Hay, JUS
tice White Of the United States Supreme
Court, DR.. Daniel c. Gilman, formerly
president Of the Johns Hopkins Univer