The Birmingham age-herald., 1912-01-13
CARNEGIE ENDS HIS TESTIMONY BEFORE
 STEEL COMMITTEE
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CONTINUED FROM PAGE D dence of confusion. 'I do not know ot anything that would have made me op- posed to MT Mckinley"
 'Js it not a fact that in January. 1900 you attended meeting of anti-imperial ists at which you pledged yourself to con tribute $25.000 to prevent the nomination and reelection of William Mckinley | they would raise like amount?" MT. Me Gillicuddy asked.
 D. A. Reed. attorney for the Steel cor. poration, objected to this question. Chair man Stanley overruled the objection. Mir Carnegie looked at his counsel nervously but presently replied:
 Memory Is Hazy
 '1 can't tell you about that. I do not recolect that 1 ever did anything to op- Kiney. l was deeply opposed to the Philippines but cannot believe I opposed Mckinley for president"
 Don't you remember that you actually did contribute $l5000 of that $25,000 to this fund2'
 q do not recolect, but II may be so.'
 "Why, after contributing sl5.0OO did you not continue with the other $1o,0oo?' MT. McGillicuddy continued.
 q do not reeollect"
 "Didnt some of the Morgan people come to you and tell you that it was necessary to elect Mckinley in order to form this United States Steel corporation?'
 No such thing ever occurred,' MT. Carnegie answered sharply.
 After Mckinley was inaugurated in March. 1901, and Philander c. Knox, who agl.F was made Attorney General in his cab- inet, is it not true that within 30 days your steel corporation actually was formed?p MT. MeGillicuddy persisted
 "Why do you say your steel corpora ton 2" Mr Carnegie retorted impatiently. q have nothing to do with the steel cor poration. Never invested q cent in IL. merely sold my property
 MT McGillcuddy then asked If, after the Steel corporation was formed, during the entire administration and MT. Knox $ term as Attorney General, tbere had been any prosecution of tho steel trust. MT. Carnegie said he heard of none.
 Mr. Carnegie related again the story of the plan of his company to extend It's business and erect an enormous tube plant at Conneaut Harbor, which plan aroused MT. Morgan and led to the inn mediate negotiations for purchase of his property and the formation of the Steel corporation He described in detail how Charles M Schwab had figured that tubes could be made for BIO a ton less than any mill in the country could make them. This led MT. Carnegie to the observation that the Steel corporation made mis- take in not carrying out his plan.
 His Opinion
 "It is only my private opinion,' he said. as he smiled the Carnegie smile "and I would not say this for publica- tion. but it has always been source of wonder to me that the Steel corpora ton. instead of going to Gary, Ind, tc build their new works and spending twice as much money, did not carry out my Conneaut plans. If they had, know that United States Steel stock would be much more valuable than 1t + today"
 Chairman Stanley told MT. Carnegie of intimations that he was about to be enmeshed by Morgan, Gates and a gigantic competitive combine against the Carnegie Steel company just before the Steel corporation proposal was made and suggested that there were re- ports current that he was a sick man. who could be easily induced.
 Well, was still able to take sus- tenance," said Mir. Carnegie. But they approached me at a good time. l hal already formed a determination of my career. I had determined that l would not spend my old age in making more dollars. l had all the money ] wanted, and l demonstrated that some time be- bore, when the Moores sought an option on the works and l had left it to my partners to decide.
 q had all the money I wanted, and it was not until long after that 1 realized 1t was more labroiius to distribute money wisely than to make it. l do not like that word philanthropist. II suggests man with more money than brains. l have seen where distribution of surplus wealth has done more harm than good and has done more 10 pauper- ize people than benefit them. I never like to help people who cant help themselves. That is why never give