Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-08-12

government railways and telegraphs
TO the carnage he saw at several bat
ties may be traced his lifelong belief
i'm the folly of warfare-"a blot upon
civilization"
man who was later TO eclipse him in
fortune building. Carnegie. at thirty
of IA syndicate he bought up vast
tract of oil land: In year, to the
surprise Of all the investors. it paid
the, astonishing return of sl,ooo:ooo in
cash dividends upon capital of 100000
But iron was the magnet then at
tracing Carnegie. The railroads were
Carnegie foresaw the demand for a
factory that could turn out the iron
Bridge Works. They, built. as their
first great piece. a bridge over the
0rhio River. with span OF 300 feet.
general and the Keystone works got
the big orders and profits.
saw Vnlue OF Steel.
Carnegie then began to see that iron
a vlsit, 70 England in 1855 he dis.
covered the success being obtained
there with the Bessemer process. Car
fore the English makers were aware
OF the fact he had adopted it in his
The romance OF his success was such
that the immigrant boy of 1S4S be-
came; some forty years later, the
multi millionaire himself and fast
bringing a score OF other men into the
same category. Many square miles
He, reached into Upper Michigan. 200
miles away; and acquired vast regions
or orc land. lie esta blishcd railway
to him.
He boasted Of the reduction in price
SIS. His critics claimed that even the
!ower fgure was maintained only by
' tns tact that ne had monopolized the
divulsed what was alleged 10 have
osen oiiciai correspondence TO the
erect that the Carnegie steel combi :
low as s12 ton.
1t was certain that. the grip which
ne mad upon the steel situation made
his elimination necessary if Others in
quest Of wealth in steel were 10 realize
ne millions they saw going to him.
Morgan, which, desired to form the
poraton, paid s4aoooo t5 6oe ite sbe Cor
per cent bonds for the Carnegie Com
pany,s holdings. I'm
said h pa h feal w1 5. Carnegie later
SIGNAL committee at Washing;ons 70
e eniy 81! e 'as sief sorGo1s'on
received 500. 600 900 more o from hS Nr
.'tci SOU IL we nan placed that valun on
SIR ohI propetce Carnegie's personal
about so5Nooo. 600. His first ea a,i nm
Investment in iron had been s1'So6 nf
fore. N years De-
Sought Best Talent.
cos me -; secret : and method of my sue
my business into departments nui
the best man I could find ar tho ba 90
or each department. held him resnon
SSic ana Judged him by results 7
~ started more than nifty mon on
'he roan TO millionaires."
Sarnegies mother. to whom he 70
Ne. a!ed1 ny; gave credit for ali that he
w ~aS do, lived TO be an octogenarian. and
married Louise withheld Of ff9NW sn ne
ny ~ wnom he had one child. a daurh,er
MARGARET. born in 1897. His hr S;ds nt ,.
'"enty years his junior "aS
As an American citizen he os,.h
Ys aret.d a magnificent home in New
,iated ana at the same time nerol
Ssihoo me purchase OF the ceiebra1ed
nom oaronial structure he remodai IN
9e..nslnS some steel for the n,rrnnsc
from Pittsburgh. Ghe estate pose
yttt;,sLLns many square miles a1onr ~ =
~ "a an, hland coast of Scotland has IN
in iiLiouse moors. and fishing brooLs
iinLw hIch carnegie delighted pnif
Of Th mh!Gh ne established and ninr
One "Hi s, ne Kept his yacht Sea breeze
tha e way or another he had crossnd
o one ocean some hundred times oSsed q
once took a tour around tha ana
cn his Skibo Castle 1arsts n w 10