Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1919-08-11

| bought out in 1901. The syndicate
headed by ]. Z. Morgan, which de-
sired to form the billion dollar
United States Steel Corporation,
paid $42O,OO0,OO0 in their five per
cent bonds for the Carnegie COM
pany' holdings.
What a fool 1 was" Carnegie
later said in hearing before
Congressional committee at Wash
ington, Ito sell out to the steel
corporation for only $42O, 100000.
l have since learned from the in
side that l could have received
500, 100000 more from Mr.. Morgan
if we had placed that value on our
properties" Carnegie'S personal
share in these holdings netted him
about $3.50, 100000. His first actual
investment in iron had been $500
of borrowed money SO years before.
Chose His Men
The secret and method of my
success is simple" he said. Il or
ganzed my business into depart
ments. l put the best men could
find at the head of each depart
ment, held him responsible and
judged him by results. l have start
ed more than fifty men on the road
to millionaires."
Carnegie's mother, to whom he
repeatedly gave credit for all that
he was, lived to be an octogenarian,
and so devoted was he to her that
he hesitated to marry. In 1883.
however, he married Louise White
field, 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 remains a large
l, -,
public gifts.
AS an American citizen he estab-
lished magnificent home in New
York, on Fifth avenue at Ninetieth
street, and at the same time negoti-
ated the purchase of the celebrated
Skibo Castle, in Scotland. This mann
moth baronial structure he remodel
ed, bringing some steel for the par
pose from Pittsburgh. The estate,
comprising many square miles along
the Highland coast of Scotland has
excellent grouse moors, and fishing
brooks, in which Carnegie delighted,
golf links which he established,
and pier off which he kept his yacht
SeabreeZe. One way or anc cher he
had crossed the ocean some hundred
times. and once took a tour around
the world.
flew both the Stars and Stripes and
the Union Jack-sewed together.
His Books
Internationally, Carnegie made use of
his pen. His interviews with the
newspaper men invariably wound up
with an envious remark such as Il
would like nothing better than to be
a reporter" He wrote a little fJr
the press in the days of Horace Gree
ley, and later owned a paper for Il
time His books numbered about a
dozen, his first being testimony to
his love of coaching-"An American
Four INLAND in Great Britain"
GSSS). The next year he wrote
Around the World" Then "Trium-
phant Democracy"-a review of SO
years of the Republic. Upon his re-
tirement from business in 1901, he
wrote The Gospel of Wealth." and
followed it with THE Empire of
Business" In 1905 he, once an engi-
neer in the factory cellar, wrote The
Life of James Watt" the inventor of
the steam engine. His most recent
work was "Problems of To-day"
The attacks upon Carnegie were at
one time numerous. He was often
accused of having violated in prac-
tice what he had so conspicuousIy
preached in theory, regarding labor
He saw the development of working
mems unions and sometimes was forced
to concede to their demands. He him
self claimed to have always main
tanned a relatively higher wage in
his mills than any other manufacture
er.
His Tcrsc Comments
His theory on this subject and 9TH
ers, is related at random in numerous
bits of epigrammatic phraseology
culled from his interviews, speeches,
and writings.
The instinct which led the slave
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 three legged
| STOOL neither is first, neither is Sec
| ond. neither is third; there is no prec-
edence. all being equally necessary.
He who would sow discord among the
three is an enemy to all"
The day is coming, and alrerdy
we see it dawn, in which the man who
dies possessed of millions. of avail