Evening star., 1915-02-06
Both Carnegie and John D.
Rockefeller, ST., Defend
Their Foundations.
STEEL MANS DONATIONS
TOTAL S324,657,3 ,399
Great Multi-Millionaires Air Their
Theories Before Federal Indus
trial Relations Body.

fcarnegie and John d. Rockefeller, ST.,
testified yesterday afternoon before the
federal commission on industrial rela-
tions- They defended the foundations
which they have endowed with their
wealth, and neither would say he be-
lfeved that the institutions constituted
a menace to the religious, political or
educational liberty of the people of the
United States. A desire to promote the
welfare Of mankind, and that alone,
they said. prompted them to establish
the foundations which bear their
names
Mr.. Carnegie testified that I'D to the
close of 1914 his donations totaled
1924, ,S57,Ss9.
Work Goes Bravely On
The work still goes bravely on
said the iron master. Il am indeed a
most fortunate man and think myself
in nothing else SO happy as in a soul
remembering my dear friends, to whom
i owe SO much
After MIR. Carnegie had settled him
self in the witness chair and prepared
TO read his statement, which he had
prepared IN advance, he was asked
what his business was
MY business" he replied, 'is to do
an the good in the world that / can"
His statement was, in part, as fol-
lows:
II never bought or sold shares on the
eNchange; all my earnings were from
manufacturing If it were necessary
for me to return to that calling I
should not consider the problem oil
labor as at all difficult Labor and
capital will some day rank as one
Began on $500 Capital
We began manufacturing with a
capital of $500; my share / borrow
cd from bank in Pittsburgh" said
the witness, describing his start as an
iron master. Mr.. Carnegie referred to
an article which he published in 1888,
in which he expressed the opinion that
the man who dies thus rich dies dis
graced-' In this article Mr.. Carnegie
when the man who died leaving behind
him millions of available wealth, which
were free for him to administer during
life would pass away "unwept, un-
honored and unsung,' no matter to
what use he might leave his fortune.
Such. in my opinion" Mr.. Carnegie
said. lis the true gospel concerning
wealth, obedience to. which is destined
some day to solve the problem of, the
rich and the poor, and to bring peace
on earth among men of good WILL"
Carnegie Pension Fund.
Since the Carnegie pension fund was
founded by himself and the United
States Steel Corporation retired en-
pfoyes of the corporation have received
in pensions s1,575,o21, Mr.. Carnegie
testified. Last year the total disburse-
ments from the fund amounted to SILL
es7. There were 1851 beneficiaries.
The hero fund. which I was privi-
legged to found Mr. Carnegie con-
tinued, has always interested me most
deeply, perhaps because the idea came
could not rest until l had founded hero
funds with capital of s11,7s0,800.
THE Carnegie Institute of Pittsburgh,
one of the greatest gifts l have made,
SO far s24,O00,O00 and has over 5000
students from forty-two states. 1,2sS
of whom the men from the industries
trying to improve their conditions"
Has 4s1 Pensioners.
Il confess TO being greatly surprised
to learn within the past few days that
/ have no less than 4S1 pensioners upon
my list, receiving total of s214.954 a
year These pensions are continued to
the widows. This fund has also been
kept secret hitherto, but your call for
a statement of all fOunda tons seems to
V
The complete statement UP to the
close of last year shows that the total
OF our foundations and gifts amounts
TO 1924, 4,657.399. We have six founda-
tions. but l understand that three only
of these have been called upon to an
swer questions. If at any time you
wish to call the heads of the other
foundations or ask further questions
they will be most happy to respond.
We have nothing to conceal
Mr.. Carnegie said that he did not be-
lieve the large philanthropic founda-
tion constituted a menace of any kind.
Educational Institutions.
AS regards educational institutions
dropping their religious denomination
alism in order that they might obtain
endowments, Mr.. Carnegie said he be-
lieved such a thing had been done some
years ago. but that he had heard of
nothing of the kind in recent years
In reply to a question regarding gov
ernmsnt representation on the boards
controlling. the foundations, Mr.. Car
negie said that SO far as he was con-
cerned he would welcome such repre-
sentation, but that he saw no need of
any such thing.
Mr.. Carnegie after he had finished