Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-08-11

colleges amounted TO some $lVuvV'vVv
No man left at his death such an
unique and such scattered series of
monuments to perpetuate his memory
In the background Of these 15 years
of philanthropy there 10 the familiar
story of Scotch thrift, q little luck, and
steel. which made such generosity pos
sible.
Carnegie was fond Of telling the
story himself Rapidly covered IT was
this: His first penny he earned un-
|expectedly as child when ne aston
ished his schoolmaster IN DunIermseaane seaa
was Made to Mourn" without a break.
There Is an anecdote OF how, when
asked in Sunday School to- recite q pro.
verb from Scripture III tne o young rt"ns Hvos
by giving the homely advice Look af-
fter the pence, and the pounds Will take
care of themselves"
Andrew was IL. when his father, a
master weaver, was brought almost to
Idestitution. The steam looms drove
him out Of business. The family num-
bered four, including Andy" and his
yotsngSer sots SscSeS SeStfer emirrate to AMERICA
whence some relatives had preceded
them with success. They settled a
Allegheny City. Pa, across the river
and and" Andrew found i'd work work in - a cotton
factory, the son as bobbin boy. In was
his first work. The salary was $1.20
week. He was soon promoted, at
slight advance, to engineers assistant.
He stocked the boilers and ran the en-
gine in the factory cellar.
In those dingy quarters where he
worked IL hours day, came the in
benefaStions rnai he ase said .eo Colonel Any
derson, possessed of some 400 books.
announced he would open his library
Ievery weekend and allow the boys to
borrow any books they pleased Car
naQia Of the most eager read
ars. g.-.f .s.l--.
only he who has longed as I did for
Saturdays to come" he has said, can
me and other boys of Allegheny. Is 1t
any wonder that j resolved, If ever
surplus wealth came to me. I would
use 1t initiating by benefacror."
engine cellar and became telegraph
messenger. J. Douglas Reid. Dun
fermline man. who had come to Amer
lea early. was head OF the office and he
was then almost a new thing. Nobody
by sound. They were all Impressed
on taps. Carnegie Is said to have been
the third operator in the United States
to accomplish the feat of reading mes
sages by sound alone. He practiced
MORNINGS before the regular operators
came around.
"One day a death message signal
came" he has related. before the op-
orators arrived. In those days death
messages were the most important
messages ., we handled. ventured to
He did it correetly and deliyered the
telegram before the regular force was
on duty at all. It won his gromotion
To- the Key and ,,rnad souader. + wnen ,r tne
of its own he became clerk under d.
vision Superintendent Thomas ~ = oIt.
His salary jumped to S35 e month. mt.
si25 month, and 1 used to wonder
what on earth he could do with so
much money" ss
Andrew was 16 when his father died.
ner Of the family and true capitalist.
He mad been told by his trusted en-
ployer that ten shares of Adams Ex-
press stock could be had for $500. and
Il 'iy was sasncisSst s0iu nisht carnegies moth
tie home fer $500. IWhe stock was
bought. and 1t brought monthly divf-
,"I can see that first check of SO -di-
yidend money now" he said, when he
millions. '1t was something new to us
all,t FOR none of us had ever received
anything but from toll"
Tho next step toward Independence
and fortune came when T. 7. Woodruff,
the inventor OF the sleeping car. ap-
vention. He had not spoken to me a
minute" Carnegie has since recalled.
before, like fash, the whole range
sad sa t' that Ssus is 0sess dRGa Which ih
continent must have"
He consulted Scott and the three in
vested for the manufacture of the
month. had to borrow 5000 on his firsl
installment of capital. but later when
he sold out his interest to the Pullman
company he had realized $4,000 for
the venture
Carnegie was rs when the Civil War
bro7Se out and he saw his old employer
and friend Scott elevated to the post OF
Assistant Secretary of War. Carnegie,
In turn, won AN appointment as direc-
tor of government railways and tele-
graphs. Te the carnage he saw at
several battles may be traced his life
long belief i'm the folly of warfane-
"a blot upon civilization"
Unwittfngiy following the lead of a
man, who was later to eclipse him lin
fortune building. Carnegie. at 80 years
OF age. invested in oil. As one Of
syndicate he bought up a vast tract of
oil Land. In a year. to the surprise of
all the investors; it paid the astonish-
ing returns iof S1,000000 in cash divi-l
dends upon a capital of $4,000.
But iron was the magnet then at,
tracing Carnegie. The railroads were
with cast iron bridges.
Carnegie foresaw the demand for "a!
InuI COulu tuTn out Ine IRON
parts, and he formed the Keystone
Bridge Works, They built. as, their;
first great piece. bridge over the Ohio
river with a span of 300 feet. De-lI
nland for similar structures became
and the Keystone works gota
the big orders and profits. tA j
Carnegie then began to see that iron
rails must be given up for steel. On
visit to England in 1868. he discovered
the success being obtained there with |
TIE Bessemer process. Carnegie quietly
brought il home. and before the Eng
lish makers were aware ~ the fact, he |
had adopted It in his mills.
The romance of his success was such
that the Immigrant boy of IS48 became
some forty years later the worlds
leading producer of steel, "A multi-mil- |
lionaire himself. and fast bringing a |
score of other men into the same cate |
CORY Many square miles of his mills |
Pittshnrg. He reached III" |
Upper Michigan, 700 miles away, and |
acGuired vast regions of ore lard. lie |
established railway and steamship |
lines to bring the ore to him. He |
boasted of the reduction in the price
of steel rails from SS5 ton down to |
s26. His critics claimed that even the |
lower figure was maintained only by !
the fact that he had monopolized the |
A former secretary once
divuiged what was alleged to. have |
been official correspondence. to the eff
feet that the Carnegie steel combina-
tion could sell rails as profit as low