The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1915-12-04
CARNEGIE HAS But
s2O,O00;o0O LEFT
Ironmaster Has Given Away
$3.50, 900,
WILL CERTAINLY DIE POOR.


Will Give but Small Amounts to Rsla-
tives-Most of His Fortune Has Been
Devoted to Building Up of Educa-
tionai Institutions and Establish
ment Of Free Libraries.
Andrew Carnegie mas a fortune to-
day of only $20.O00.O00 or the vast
wealth which he ironmaster possessed
when he started giving away his money
twenty years ago IN conformity with
his principle of dying poor. that is all
he has left He is now far down on
the list OF America rich men,
Mr.. Carnegie has given away about
$3.50. 100000. IL interest were to be In.
cluded on some of the funds he has set
aside the total would reach nearly
$500 100000 This sum he has given
away in pursuance of his belief. as ex-
pressed by DR. Henry 5. Pritchett.
president of the Carnegie foundation.
that the man who dies possessed of
great wealth and who devotes no part
of II TO the public use has failed in life
The $2O.OOO.OO0 which MIR Carnegie
has left he has devised in his will al
most entirely to charity Very little
will go to his family Thus when his
will is made public it viii be found
that he really made good his boast of
dying poor There is, strictly speak
ing, no record like his in this or any
other country.
The actual amount Of Mr. Carnegie's
present fortune was disclosed by one
of the ironmasters closest friends. a
man who has had the direction OF the
This friend made it clear that be be-
lieved the time had come to make
known the extent OF Mr. Carnegie's
wealth today In proof of his deep sin
cerity Of purpose and Of the manner
In which he has carried out his formu-
la of the responsibility OF private
wealth.
Remarks Lead to inquiry.
1t was the remarks made by DR.
Pritchett at the Carnegie birthday eel
ebration in Pittsburgh that led to the
inquiry as to the exact wealth today
Of Andrew Carnegie. In that address
occasioned by the eightieth birthday OF
the ironmaster and Pittsburgh's bene
factor. DR.. Pritchett spoke of Mr.. Car
negie as possessing now only mod
crate fortune" after giving away near
ly $4O0. 100000. He declared that hs
had made vital the conception that the
owner of great wealth was a truste,
for the public. obligated to divide i
| for the public use.
The most noteworthy thing abou
Mr.. Carnegie's preaching of the doc
trine of theTconsecraton of wealth.
| DR.. Pritchett added. lis the fact tina
his practice has squared with hi
| preaching. The great bulk OF his &C
| cumulations. nearly S40O.OOO.OOO. ha
been turned back by him to the publ
to be used in the cause of human bet
terment He is today man OF mod
crate fortune"
/ Naturally this utterance by the hea
of the Carnegie foundation served onl
to increase the speculation concernin
| the actual extent of Mr.. Carnegie
present wealth. speculation which ha
been INDUCED in generally ever sine
Mr. Carnegie began years ago to ar
nounce his immense benefactions. This
most of the computations made hav
been far from the mark is indicated b
the facts disclosed 1t had been est
mated in some of these that Mr.. Ca
negie's wealth was at least 100000
COO
Ii was when a definition was sougt
OF President Pritchett's term "mode
ate fortune" that the close friend c
Mr.. Carnegie was induced to give I'll
real figures of the ironmasters preser
wealth BE coupled this with the a
sertion that, of course, fortunes wei
largely relative; that the term mo,
crate when applied To a fortune
the case of a man who had give
! away nearly S40O000.O 900 was not TO /
} accepted as meaning the same as
the case of a person of the averas
competence
No Desire to Make Money.
But. however small fortune of SO
100000 may be relatively i'll compaI
son with the amount of Mr. earn
neSie's total benefactions. ii does n
mean. as this close friend of Mr. Ca
, negie explained. that the latter b
lieves he has fulfilled his purpose.
was in this connection that this friel
made known the fact that Mr.. Carr
! gies will devises almost his entire
manning wealth to charity
MIR Carnegie's immediate fami
consists of his wife. who was Mi
Louise Whitfield. and their daught,
Margaret. now eighteen years old |
has two nephews Thomas Morris
and William Coleman Carnegie. I
sons of his brother Tom Ii will
only comparatively small inheritan