Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1909-11-12
Andrew Carnegie says that a Man who
Inherits Money Inherits a Curse.

The problem of our age is the proper
administration of wealth: that the ties
of brotherhood may still bind together
the rich and the poor in harmonious
relationship, writes Andrew Carnegie
in The Delineator for December. There
is only one mode of using great for
tunes. That is one by which the sur
plus wealth of the few becomes the
property of the many, and by which
this wealth passing through the hands
of the few can be made more potent
force for the elevation of the race than
if distributed in small sums to the peo-
pie themselves. The millionaire is but
trustee for the poor.
The man of wealth should become,
after providing moderately for the leg
itimate wants of those dependent upon
him, the mere trustee and agent for
his poorer brethren, bringing 10 their
service his superior wisdom, experience
and ability to administer, doing FIR
them better that they could do for
themselves.
Wise men will soon conclude that,
for the best interests of their families
and of the state, requests to their des-
pendants are improper use of their
means Beyond providing for the wife
and daughters moderate sources of in
comes and very moderate allowances,
if any for the sons, men may well hest
tate The thoughtful man must short
ly say: Il would as soon leave to my
son curse as the almighty dollar. J"
He must admit to himself that it is not
the welfare of the children but the
family pride which inspires these leg
acies.
Rib men have it in their power dur
ing their lives to busy themselves in
organizing benefactions from which the
masses of their fellows will derive last
ing advantage and thus dignity their
own lives. In many cases man be-
quests are so used as to become monu-
ments to his folly. The day is not far
distant when the man who dies leaving
behind him luillions of available wealth
which was free for him to administer
during life, will pass away, "nnwept,
unhonored and unsung." Of which
the public verdict will be, 1.-The man
who dies thus rich, dies disgraced."
1t is as important in administering
wealth as in any other branch of a
man S work, that he should be enthus-
iastically devoted to it and feel that in
the field selected his work lies. In
bestowing charity, the main considera-
ton should be to help those who help
themselves Neither the individual
nor the race is improved by almsgiving.
The free library is the best gift that
can be given to a community, provided
the community will accept it as pub
| lilo institution as much part of the
city property as its public schools, and
indeed as an adjunct to these. 1t is
reserved for very few to found univer-
sites. More good is henceforth to be
&C om plished by adding to and exten d.
| ing those in existance.
l have summed up my PRINCIPLES of
giving in the Trust Deed for the bene-
fit of the Carnegie Institution at Wash
ington, ID. c., in which | said | deemed
it my duty and one of my highest priv
elege to administer the wealth that
has come to me, as trustee in behalf of
others, and entertained the confident
belief that one of the best means of
discharging that trust is by providing
funds for improving and extending
the opportunity for study and research
i'm our country. Moreover l gave my
trustees full power To modify the con-
ditions and regulations under which
the trust is dispensed, so that these
shall always be applied in the manner
best adapted to the changed conditions
OF the time.
THE LOS ANGELES LIMITED.