The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-08-12

alive. Really. after this change there
seemed little left to be desired for what
more does one want in life, and indeed
what more can one get that Is OF much
consequence? After he has got these
things he has got It all the only tools
he needs for anything"
His First Investment.
But nobody better than the shrewd
Andy realized that II took energy to
consolidate this all" He was a new
boy in Pittsburg and his first Job was
to become a perfect messenger by get
ting to heart the names OF every BUSH
ness firm up and down Wood street
Then he set out to become telegrapher.
Sitting In when he could he was soon
a substitute operator and then a regular
one. Apparently he was a good one for
he was chosen to run the first private
wire for the Pennsylvania Railroad.
just completed. w. A. Scott, the roads
superintendent, had observed his oper-
ating. AT this time Carnegie was get
ting $25 a month and he considered 1t
a competence because 1t made his family
at home Independent. They could live
on $500 year." he says
Starting as clerk and operator 20
the superintendent at $35 a month,
young Carnegie was soon deep in his
superior's confidence. So deep in fact
that Scott gave him his first opportunity
for Investment. He told him where he
could buy for $500 ten shares of Adams
Express stock from the estate of a man
who had Just died. Though Carnegie
was one Of the worlds largest holders
OF securities. he bought always for In
vestment. He boasted that there was
not q dollar of all his millions which
had been made in stock gambling. He
had no patience wiz Spectator in
securities
1T will be a good + for this coun-
try when the stock gamblers come to
grief he said on one occasion, 81 wish
could devise some means where both
parties to a stock gamble could be made
to suffer. I am speaking now as a bust
ness man and as one who has never
made dollar by gambling In stocks
and who would as soon make Il that way
as by playing cards, bridge whist and
so on"
Nevertheless that nrst purchase Of
stock was made with borrowed money
His family by this time had built and
paid for little homo. worth about $500.
When Andrew came homo and told of
the opportunity to buy the stock the
invest with the help Of his superior In
the railroad, help which Scott had prom
ised II Carnegie could not raise the
money. was too good to be neglected
irrespective OF the actual merit Of the
investment. So his mother hurried to
ohio' mortgaged the little house through
an uncle who lived there, and the stock
was bought The stock paid monthly
dividends of 81 a share.
1t was while working as clerk to the
railroad superintendent that young
Carnegie learned the lesson of organiza-
ton. In those days the superintendent
was not only charged with responsibility
for his section of line. but. with all the
details Of operating It, despatching trains
and sending kilograms Carnegie says
Of It himself:
1T took me some time to learn, but
l did learn, that the supremely great
managers, such as you have in these
days. never do any work themselves
worth speaking about; their point is
to make others work while they think
1 applied this lesson In after life, so
that business with me has never been
a care"
Aids Sleeping Car Inventor.
The first real item of the Carnegie
fortunes came at this time, but not
through the Adams Express stock II
was laid in the fortunes of the first
sleeping cars and the Woodruff Sleeping
Car Company.
"One day on a train" Carnegie SAYS,
a nice, farmer looking gentleman came
up to me and drew from a green bag the
model Of the first sleeping car"
The conductor had told the inventor,
Woodruff, that Carnegie was connected
with the railroad. He was Immediately
impressed with the probability of the
idea and arranged for Woodruff to meet
him In Altoona the next day. There
Scott still superintendent, grasped the
value OF the Idea Immediately and a
contract was made for Woodruff TO erect
two sample cars for the Pennsylvania.
This contract gave Carnegie his first
experience with banking. He had to
make monthly payments Of something
more than $500 after the delivery OF
the car and he was without any such
amount OF cash. So. he says, he went
to banker and borrowed the money on
his own note. agreeing 10 repay It at
SIS a month.
The Woodruff company afterward was
absorbed by Pullman and the investment
proved extremely profitable. In the
meantime Carnegie had got to be . rail-