The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1919-08-11
11.-Andrew Carnegie
"Shadow Brook" here at
The cause of death was
CARNEGIES CAREER.

cARNEGIEs CAREER.
Andrew Carnegie during the latter.
period of his life undoubtedly ranked
as the greatest American spender of
endowment and philanthNopid mon
eys. 5l.
That is, the amounts of cash which
he donated to enterprises of public
or quasi-public nature exceeded those
of any other American plilanthropist.
In substance, using the slang OF, the
day, he might have been called the
champion philanthropist. It might al
so be correct to characterize him as
the foremost teacher of frugality and
thrift in America during the past two
decades.
He was best known in two fields.
Steel-where he made money-and
public libraries-to which special field
he gave money to an unprecedented
and sensational extent. .a.
Born in 1885 in Dunfermline,
Fifeshire, Scotland, he came to the
U. S. A. in 1S4S and took a job at q
dollar a week as a weavers assistant
in a mill at Allegheny, Pa Next he
was messenger boy for the Ohio Tele.
graph Co. in Pittsburgh and soon was
telegraph operator for the Pennsyl-
vanio railroad, mounting upward and
onward-for his was an upward and
onward career pluribus unum-till
he became superintendent of the Pitts
burg division.
The Woodruff Sleeping Car Co. and
investments in oil lands near OIL City,
Pa, were the mediums through which
he laid the foundation for fortune
with which to begin operations in the
steel game, where he made his way
to supremacy. He introduced, thu
Bessemer process in 1858 and a string
Of Bridge, iron and steel plants were
brought together in 1899 in the Carne-
gle Steel Co.
SOLD OUT TO
UNITED STATES STEEL
The United States Steel Corpora
tion paid him $300,0O0,O 900 for his en-.
tire holdings Of steel in 1901. What
is told as the bitterest experience In
his life, is conversation between J.
P. Morgan and Carnegie on an Allan
tic liner leaving New York after
closing up the biggest steel deal in
human history. It was over the morn.
ing coffee and Mr. Carnegie said: do
you know, Mr.. Morgan, i have been
thinking it over and find l made a
mistake. l should have asked you
another hundred million for those
Carnegie properties"
Morgan answered, III you had,
should have paid it."
Financial journals told this anec-
dote as authentic. 1t is. certain there
was then involved the most daring
industrial strategy and the most curl
Gus psychology Of financial rivalry
that American economics had ever
witnessed. Bridge and tube corpora
tions, owned largely by Morgan in
terests, had been planning to manu-
facture their own billets-a field DOM
mated by Carnegie. He sent out word
he was going into the bridge and tube
business and would build his own rail-
roads from Pittsburg to the Great
Lakes on the west and to the Atlantic
seaboard on the east. Surveying par
ties were rus!4ed out to find the
routes. Other preliminaries made 1t
look as though the canny Scot at
Pittsburg was making no bluff at all.
A price of $500, 100000 for his steel
properties-actual and physical value
estimated at one-sixth to one-fourth
Of this figure-arranged the matter
satisfactorily all round.
"Andy," as his friends all called
him, then went in for writing books
and giving library buildings to any
town that would raise for itself sum
Of money equal to his benefaction. In
1912 alone he bestowed $3.50, ,403, 900
on any and all various interests.
WROTE AND SPOKE ON
RICH MANS FORTUNE.
He wrote and spoke often on topics
raising the question, what shall
rich man do with his money? Is it
possible to formulate science of wise
beneficence?" Triumphant Democ.
racy, The Gospel of Wealth, The Man
and His Work, are suggestive titles OF
books he wrote.
Medals and pensions to heroes win
ming awards from the Carnegie Hero
Fund commission were intended to
stimulate human courage. The en-
dowment was in 1904 for $5,000,O00.
The Carnegie Institute Of Technology,
Carnegie Institute of Washington.
Carnegie Endowment for International
Peace, and Carnegie Foundation for
the Advancement of Teaching, were
all forms of lavishly endowed enter
prises planned to attack human ig-
norance, human incompetency, and
the issues that weave in and out OF
world folly and misery.
IDLE POOR AND AVOID
DISGRACE" SAID CARNEGIE.
"The aim Of the millionaire should
be to die poor and thus avoid dis
grace" wrote Mr.. Carnegie in 1913.
"The highest use of great fortunes Is
in public work and service for man