New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-29
PARASITES IN STREET.
HOT SHOT BY. CARNEGIE.
Bulls and Bears Should Both Come
to Grief. He Says.

~ 0FlCI, TIC OuYS'
Wall Street and all. stock speculation was de-
nounced by Andrew Carnegie last night at a dinner
OF the United States Military Telegraph CORPS
held IN the Hotel Manhattan. Speculation IS q
parasite" he said feeding on values and Great
ing none" He declared it was about time mat
business men should decline to recognize those
who made money without giving some value IN
return. He said he wished he could devise some
system whereby both bulls and bears would come
TO grief.
Mr. Carnegie who is called the father Of the
military telegraph corps. was deeply moved wheE
David Homer Bates the POSTMASTER. read DIS
patcnes-one to Mr.. Carnegie who then
superintendent Of telegram on the Pennsylvania
Railroad-in which the government asked that four
operators be sent to Washington as the nucleus
OF the corps. and his message in reply assigning
the men, His voice broke and tears came to his
eyes when he said that he was proud OF what he
had been able to do toward the preservation of the
Union.
Mr. Carnegie's voice was. full of emotion as he
started to speak. He said:
Comr;a1ddes. it is not more than once twice in
man an s. lifetime that he can live such moment as
nave just had in listening to the kilograms Mr.
the lightning carries the dots and dashes. back,
PACK PACK back to what seem to have been tho very
d This is is proud moment have not lived in vain
preservation of the principle that every man is
equa 10 De or some service TO this country. An,
lan5 he turned TO a large American bannerJ The
reSg OF the world might perish. but that flag would
We have our little excitements and differences
to? They are merely ripples on the surface while
HNhousanas OF fathoms beneath the great blue sea
a few gamblers in Wall Street in trouble.
always in trouble If Of the gamblers has
Pought and the market goes down. he Is disguised
good day for the country when gamblers and specu-
whereby both sides would Ti9t come eO to grief
lev SPEAK IL as business man never made DOL
soon gamble with cards as to speculate in Wall
street Let me speak for the business men Of the
country. Wall Street Is not America. There
some other places than Wall Street i'm New York
and creating none thh IL IL aboS time ON we bus
ness men should decline to recognize men who make
vice: or giving something in exchange or in manu-
We have had Ave such prosperous years as the
HoIic DID not dream Of Instead OF charging $4,000
100000 for il to-day ye'' "'A'N
There never was a kite that went up which did
not come down Wall Street Is IN healthy state,
1t is healthy indication that tho eruption is com
ing out rather than that the cause OF the trouble
be lively tomorrow hope it will so down. Il Is
little jolt; then rest and slight rise and then
level And then, such Is human nature. they will
go up again. II is an economic law.
Just then the sand in the 4inute egg boiling glass
that the POSTMASTER had to limit the speeches
out. Mr.. Carnegies alert eye caught the last fall
ing grains. lie picked UP the glass, saying, "oh,
myl nave been talking about business. That
does not count on my four minutes. does t?''
The glass was turned over. and Mr.. Carnegie
spoke OF the time when he worked his way up from
a messenger boy in telegraph Office in Altoona
He said
One day Colonel Scott. who was my division COM
m noS sSld to me- ANDY DO yo y lRS you
never was such fool as 70 refuse anything II
had a chance TO get It. when was in the height
Ia 6af 70 me re XHdy h9w 9Ih salary DO 9nf
do I about the galaFy2 You 1ust the
dyision. I never cared so much for salary as
did for position
Mr.. Carnegie told story Of his messenger days
when one Saturday lie did not receive q salary
envelope with the other boys. Visions OF the loss
OF his job and disgrace came TO him. Then Colonel
Scott said TO him: Andy, you arc worth more than
the other boys. Instead Of tl1 week have given
you S3 25' "Oh, oh. talk OF your miliionsi' said
Mr.. Carnegie. as he chuckled over tae thought OF
the Joy that raise" had given him. He told how
he all the way home 10 tell his mother. Then
he said
Gentlemen, was born to poverty. wouldn't
ever bTeathed What does he o.. know now So9 % ina
angel and 8aint-no servant 20 intervene. In his
and 'a AZ he ns PeachnS ana
that poverty ig dreadful What do they know
about ~ They have seen only one side ! am
is very little indeed In wealth that can add 70
human happiness. Millionaries rarely laugh Do
tency. money decreases rather than increases hap
piness
Again the sand glass registered the passage OF
four minutes but tho diners insisted that Mr.
Carnegie should go He told how recently
while talking TO the President. ne had Eaid: They
call me Of peace. but I'll fight for It any day.
/ was the third man who shed his blood IN the
Civil War"
Mr.. Carnegie explained how, while his way
20 Washington 10 organize the military telegraph
corps. he had stopped the train TO repair a line
One Of the wires whipped his face AMI cut
II badly. Il told Secretary Long OF the Navy
Department some years ago." no said that I
entitled 10 pension Yes he replied. IT Is
quite evident you can't make living ]"
Turning to the historian OF the society, Mr.. Car
nege said he wanted him to make mention OF the
fact that he really did shed blood for America
when pass into history" ne said. Il would like
20 have that said of me-
In addition 10 Mr.. Carnegie. the guests at the
dinner and reunion were General Thomas ThOmp-
son Eckert. dean of the corps" and former pres
dent OF the Western Union Telegraph Company;
bis successor, Colonel Robert C.. CoWry, spoken OF
as "a pioneer Of the corps" and William r. Plum.
historian.
OF the fifteen hundred men who formed the corps
at the time of the only two hundred are alive
Fifty of that number, including the three cipher
operators for President Lincoln were present last
night. Messages had been received from sixty
more.
sTruE GRAND MOGTTI" DRAWS WELL