The sun. [volume] (New York [N.Y.]) 1833-1916, 1905-03-28
CARNEGIE JOLLIES THE TECHS
MAY GO AT SMALL COLLEGES
WHEN LIBRARIES ARE ALL BUILT.
Grabbing Dollars Il Low Compared 20
PractiunE the Industrial Arts-stocA
Gamblers Arc Parasites -Self'Ap-
prevail Is the Thing 70 sleep well On

L.
Of the Stevens Institute Of Technology
AT their fourth annual banquet in the ball
room Of the Hotel Astor last night, joking
about his libraries, praising the small
colleges and giving a slap to football and
wall street. Incidentally President Alex
ander C. Humphreys announced that MI
Carnegie had promised $4,000 more 70 ms
school Of chemistry at the institute.
There Is another promise OF $4,000
said the president, but would not refer
to Il except that Mr. Carnegie insists upon
my doing 80. 1t l. my own. ] viii give
Il for the students house continued APP
plause and cheersl when the alumni raise
500. 900 that Is needed for the institute
lIauEhterl ! was told years ago TO hold
hay In front OF a horses nose.
Newcomb Carlton the POSTMASTER, in
introduced Mr.. Carnegie az an organizer
philanthropist, educator and man OF letters
Mr.. Carnegie said:
L have TO be rather careful nowadays
about going out nights with these gay
| young fellows, but when the son OF DR..
| Morton 1.-The first president OF Stevensl
! asked me to come that was call equiva-
! lent to a command. Ihave been looking at
! you and saw that there was a great con-
! trast between this audience and other au-
dienoes We might met, such, perhaps, as
men engaged in stock speculation.
I congratulate you that you have taken
a profession for your future. a profession
in which, perhaps, you will not make for
/ tunes easily. That may be the reason why
YOUR president has found il difficult TO raise
all the money he wants You are doing
higher things than grabbing dollars You
have something which the mere money
maker never can possess, and, mercifully,
can never understand the loss of-you have
education.
aSome we'll known American citizens
were sitting around table In hotel IN
Europe recently and while one Of them
was estimating the amount Of wealth pos
sessed by an American whom | might call
Mr.. Richbroker, another was continually
dissenting, and at last said He doesn't
own a million dollars. The dollars own
him.
THE difference with you is that mowl-
edge does not possess you, but you have
the treasure and own II. No matter whether
you die worth millions or not you have
something that Is denied TO the man i'm
mersed in the accumulation Of wealth. In
your professions you deal with eternal
verides. There is no such thingas decep-
ton in the materials OF the laws you use.
Two and two make four. There is no
scheming TO deceive others, no snartness,
no tricks.
you have to walk straight to the line
Of truth and honor OF you will fall down.
Self respect Is more than millions, and II
YOU lose that everything else is worthless.
IN t,V1w
approves when he lies down at night OF all
that he has done during the day he has
no other Judge to fear. here or hereafter.
But u he does not have self-appToval
everything else is dross.
Il think the professional life leads men
to the higher life that 1t Is most difficult
TO obtain In a mere speculative career. The
world is not advanced by the men in that
large department Of business which Is mere
gambling in stocks. They are parasites,
feeding on business. II had son to edu-
cate should choose for him a professional
career such az you have chosen.
you may have heard that l entered the
library business. There was a great boom.
/ did a roaring business, but l could look
ahead and see that the demand would
slacken. Nov my secretary tells me that
il IL one a day. Laughter But don't
want 10 appeal 10 the alumni In this case.
i have been impressed with this that
the young man who goes 70 a small college
has better chance Of receiving a better
education and turning out higher type Of
man than II he went 10 one of our larger
colleges. Conditions are more favorable.
l don't like TO find young men eRcelling
In football or anything else pertaining TO
the foot, but rather in things pertaining
TO the head. like 10 see young men strain
ing after knowledge, rather than to see
that sport Ia too generally taking the place
Of useful knowledge. Therefore. l think
when / have TO leave the library business
1 will turn my attention 70 the smaller
colleges.
my secretary tells me that We have
already 100 applications and that business
Is really promising. You should read the
small college reports. They astonished
me. Stevens must keep up. ! am led to
think that educational institutions are the
daughters OF the horse leech. crying Give!
giveP / don't think, however, that any
thing will give finer results than the smaller
colleges
There we're three cheers for Mr.. Carnegie,
who left the banquet Immediately, as the
hour was late.
President Humphreys announced that
SiO6, 900 had been raised for the institute
since June. 1908, About $4,000 more Is
needed for new buildings and grounds.
He has been assessing each alumnus 81
for every year since his graduation. Ground
has been broken for the Morton Memorial
Laboratory, and II viii be finished next
fall.
With last nights promise Mr. Carnegie's
gifts TO Stevens now amount 10 $40 600,
az he has given something almost every
year.
Other speakers were Edmund Wetmore.
DR.. Chandler and Walton Clark OF Phila-
delphia.
GERMAN LINES TO UNITEP
HUNDRED AmalGamatiOn Of the Hamburg
Amerfoan and North Herman Ioyd