New-York tribune., 1911-01-15
London. December a.

~. ,o,, will come 10 lunch at Lou To-
10y shall have something to tell you
rrs,ch think you may Ike to hear
A. C." ,- .,,u.
vent snd found Mr.. Carnegie alone
us was living at the time in l thinS'
w,.t h5th street. say think because
,ever found II possible 10 be sure 'i
address in New York without refer
-,n, - ope Of those extremely expensive
dirsctories or registers for when the
Nsw York public toyfuily pays fantas''c
r,.os A London Court Guide or
..poval Blue Book costs i've shillings'
,ns equivalent Of S1.25. The correspond
,-g osoe,al Register in New York, con-
,,,r,rg much less matter, is published
a, S5 Perhaps because the apparently
,,nule but really complicated system OF
street numbering makes it an article
~ NECESSITY. Mr.. Halstead used TO say
- never know your address. Some
,,n,es can remember the number ot
,our street. and sometimes the number
:, vour house. but can never remember
ave two together az the same time"
when Mr.. Carnegie's note came was
pving in rooms at the Renaissance, an
apartment house which was, | believe. AZ
the corner of Fifth avenue and West 43t
street: unless ii was East AID street, or
perhaps East or West 45th street But
81 the time I knew, and nearly always
remembered where I lived, and I knew
where Mr.. Carnegis lived because I had
been there pretty often. and his address
va. on the top Of his note paper.
an this may seem in the nature Of a
stage aside. brt is really very pertinent
~ my story. since my story deals with
figures. and since Mr. Carnegie had not
then built himself that great barracks
81 \ house between 9O-, and oist
streets Oh Tifth avenue. or between Dist
and 0ed. OF some other streets out of the
arithmetic He and lunch were waiting
when Z came in. and he began az once
Hke tHa man of business he is and ale
vsys has been
u have sold the Homestead Works and
o. ry steel Interests 20 rierront Nor
gen
There bad been -Imors FOR sortc days
efan impending deal" but the surprise
uss mons tbo less complete. Mr Carne-
re-. sIvuva mindful of effects and im-
rrsssio F reEarded with evident pleas
r-f ,le ook of amazemont there must
Hav. been er mv face Amazament be-
.Hsr 49, carnegie and rFIsbug ana
tss steel Industry had always seemed 10
mal urrt .aL ar Iul.rsouh'y bound gp
sarh $500 .Ie other And here vas ST.
rlsrnort Morgan coming in ike d.
vsr-s court ufre to put asuudrr those
sham circumstances ana ions wears had
trrs together
Nr carnegie went nn wIH H.s story
a. vs .H.HsI AZ tHat tme DO was aH
Hss of r.aras. -o much Uf 10 has since
hrrar sHua1 chat / need not 81 very
ns nto l0Fe figures vhicH. as { said
mfrf HnI su parnIeving I viii sum
Nail ur I'M one ~ those tremendous rsn-
tueo aH.H. though they eturcfy tho
rrf1ary mind. are so much mothers
rIk fo "a man ike Carueg.e. accustomed
t0 thns . millions Ife said
T arra.. eB would Ike to know the
rr're 2 hove sold gt price which
secures tn rs o. yearly income. from this
source alone. m l325ocOo"
rhe world spun round az Dc named
'he sun. no Isl always spinning round
but Il spun "a little faster than usual for
minute or two. Mr. Carnegie, YOU will
observe. thinks not only IN millions but
mainsd q British subject In dollars the
fgurc NJ his yearly income works out,
rourdly al Sls,2jO.O00. Needless 70 say
hst there has been IN all the history Of
the world no other such fortune purely
industrial
asked whether the transaction was
complete.
Practically yes. But no papers have
paSsed lt takes time 70 prepare pa
pers But Mr.. Morgan and I talked the
hing over Yesterday and came 10 terms
Thsn. st.n with an eye 10 stage man
ssgment Mr.. Carnegie paused; then
sdded
There IS nothing IN writing Every
thing between MS has been by word OF
mouth
But you must have put Few figures
~ paper n nothing else.
No, not one II either Of us should die
'o-Dight fhe deal would be OF"
Happily neither Of them did die that
nEht The agreement was put in legal
shape The papers Of the Steel Corpora
lion were also put in legal shape by Mr.
victor Norsuetz and Mr Lynde Stetson. /
y took them Just eleven days 70 do A.
Unless one % The two should object, I
VII &C - Gar az 70 say that / was told
afterward. on authority n would not be
'esv 70 dispute. that their fee for these
'lsveu days work was $500. 60 dare
say that seems moderate IN New York,
"hsre legal services are paid ~ = rate,
Ala N manner, unknown in London. /
eui when 7 have told the story in Lon |
enn aas not always beer believed.
hven when 7 explain that Mr.. Mora
"ez and Mr. Stetson are al the sum- |
MY " their profession the Londoner is |
slii incredulous Then I am driven 10 !
'Kplain further that one reason for the /
Eest sums paid 10 these gentlemen and /
" ny Olney and 20 Mr.. Root and others /
v mat rank--there are not many-is /
mat the deeds they draw are In fact in |
sufance policies; that the great corpora /
nuns are willing 20 pay great prices be-
'@0se X Is understood that the instru- |
n'thts thus framed are 10 go through the |
h'e OF litigation and come out unscathed. /