Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-08-12

Sold Too Cheap
what a fool / was Carnegie later
said in hearing before a congression-
al committee at Washington, ITO sell
out to the steel corporation for only
$420, 1000 900 | have since learned
from the inside that l could have re-
ceived S100,0OO,00O more from MT
Morgan If We had placed that value
on our properties Mr. Carnegie
personal share in these holdings net
ted him about $3.50, 100000. His FIRST
actual Investment in iron had been
$500 of borrowed money, thirty-siX
years before,
1.-THE secret and method of ny sue
cess is simple" he said. Il organized
my business into departments. l put
the best man l. could find at the head
of each department held him respon-
sible and / Judged him by results.
have started more than fifty men on
the road to mi ,lionaires,"
Carnegie's mother, to whom ne re-
peatedly gave credit for all that he
was, lived to'be an octogeilariah, ana
so devoted was he to her that he hes
itated to marry. In 1888, however, ne
married Louise Whitefield, of New
York. by whom he had one child, a
daughter, Margaret, born in 1897. His
bride was twenty years his junior. To
her and her daughter probably re-
mains a large fortune, notwithstand-
ing Carnegie's publ" gifts
AS an American citizen he estab-
lished a magnificent home in New
York, on Fifth avenue at Ninetieth
street, and at the same time nego-
tiated the purchase of the celebrated
Skibo castle in Scotland This man.
moth baronial structure he remodeled,
bringing some steel for the purpose
from Pittsburgh. The estate, cofnpris-
ing many square miles along the high
land coast of Scotland, has excellent
grouse moors, and fishing brooks, in
which Carnegie Delighted. a golf links
which he established, and a pier off
which he kept his yacht at Seabreeze.
One way or, another he had crossed
the ocean some hundred times, and
once took tour around the world.
On his Skibo castle flagstaff he
flew both the Stars and Stripes and
the union jack-sewed together.
Wanted to BE Reporter.
Internationally, Carnegie made ready
use of his pen. His interviews with
the newspaper men invariable wound
up with an enyious remark such as
Il would like nothing better than to
be a reporter" He wrote a little for
the press in the days of Horace rec
ley, and later owned paper for a
time. His books numbered about
dozen, his first being testimony of
his love of coaching-"An American
'Four-in-H in Great Britain
GSS3). The next year he wrote
Around the World" Then, "Trium-
plant Democracy review of fifty
years of the republic. Upon his re-
tiremel from business in 1901, he
wrote 1.-THE Gospel of Wealth." and
followed it with the Empire of Bust
in the factory cellar, wrote THE Life
of James Watt" the inventor of the
steam engine. His most recent work
was problems of Today"
The attacks upon Carnegie were at
one time numerous. He was often ac-
cused of having violated in practice
what he had so conspicuously
preached in theory, regarding labor
He saw the development of working
mems unions and sometimes was
forced to concede their demands. He
himself claimed to have always main
tanned a relatively higher wage in his
mills than any other manufacturer.
His theory on this subject and 9TH
ers, is reflected at random in numer-
GUS bits of epgramatic phraseology
culled from his interviews, speeches
and writings.
1.-The instinct which led the slave1
holder to keep his slave in ignorance
was a true one. Educate man, and
his .shackles fall he said,
Labor, capital and business ability
are the three legs of a three-legged
stool; neither is first, neither is sec
ond, neither is third; there is no pre-
cedence, all being equally necessary.
He who would SOW discord among the
three is an enemy to all"
Disgrace TO Die Rich.
The day is coming, and already we
see it dawn, in which the man who
dies possessed of millions of availa-
bile wealth which was free in and his
hands ready to be distributed, will die
disgraced"
And along the same line i've said;
among the saddest of all spectacles
to me is that of an elderly man occu-
pying his last years grasping for more
dollars"
Pertaining to success: Immense
power is acquired by assuring
yourself in your secret reveries
that you were born to contrOi affairs"
Of the over-working tendency in
America: Il hope Americans will
some day find more time for play, like
their wiser brethren on the other
side"
On temperance: "The first and most
seductive peril, and the destroyer of
most young men, is the drinking of
liquor" (Mr Carnegie himself was a
total abstainer, and gave mis- employees
at Skibo castle a 10 per cent advance
on their wages every year they report
ed that they had not touched liquor.)
His tcrse comment on such subjects
and Others. without end--poverty as
spur to success-mother love-busi-
ness rganization-good reading
home making-and peaCe--he has
scattered through his books, even
more widely than his princely gifts.
There are two Carnegie gifts
which will be generally forgotten,
since they were never accepted. 1t
was said that his anti-imperialism
prompted him to offer $25,OOO,000 to
the United States government if it
would turn over the Philippines to. the
natives for government. Later
when the question of What shall we
do. With our eX-presidents? p was wide
ly discussed, CariiegIe's imagination
solved the problem. He offered to
support them on a $4,000 pension
every year so long as they lived, and
do the same for their widows SO long
as they remained unmarried, The
proposition was frowned upon, and
dr0pDnJ