The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-08-17
AndrelU Carnegie Had Hoped to Give Away
Great Fortune But Death Came Too Soon

.
,.i,,t lnd coming 20 this coun-
800 .r, rtc OF n years, worked
"a tDHhu boy
r,. rn.a inferior position he
.JYgfrI n that of engine tender
49,. rIt lu charge ut small
60, ,r..rr used Tor running the
pH. ur WIS not satisfied with
|.V.I. uI at the age Of II years
,.s f. uU 'U become q messenger
,n tN. employ of the ohio t.. .c-
,,sob company In Pittsburgh. ll.s
syva. il.5 q week
4, .. office he was soon pro-
,..lri fu % Dlprkship. ana Il wua
.EUr u.r.Irg in this position That
b.. felr.rH iu take telegraph mes
-..., rgr lie was the third mnu
OBJ. country Co achlcNs THIS irIi
ua h.Rn. un operator ana mu'c
,yra money boy copying kilograms
,or newspapers
rts ...| superintendent of the
r.rr....HV railroad company, in
,.t.rg about FOR % new operator
,as r.srr.t 90 Carnegie. who was
,Esg....'B engaged OF a salary Of
1f. month he made a good Ina
,rs..u uu the superintendent Col
Thomas scott who later made
N t.m h.s secretary. when scott bH.
Il ame ... pre- .dent of the road
rsrn,a., was nude superintendent
Of th, rH.Uurrh division
About .Uu time the Pennsylvania
railroad decided 10 supc,sndc the
wooden galway bridges with bridges
d. iron construction The first bridge
10 be- changed was nt Pittsburgh and
under tlfu,rirs control Carucg .o
uv lr 'Nr iron business a great op-
aHurn. and especially In the use
u iron Cor bridges. llc saw the up-
tralDN uf the day when all the r1.l-
road. would discard the old wooden
Structure. 80 he resolved 10 ld,n-
lg himself with that transformt
lUH
be- proposed 10 undertake the iron
bridge work FOR his railroad. and the
result was the establishment under
hs direction of the keystone Bridge
Iron works az Pittsburgh
Clu,EIr had saved his money
and. acting ON the advice OF Colonel
Scot. Boo bought 10 shares In the
Adams Express company valued at
$50 This cost him the bulk of hia
savings
MultGd OriunC In Steel
Then s.,tping cars were introduced
two 10 them ON the Pennsylvania
railroad at the suggestion Of car
negie who had been approached 10y
the maker Carnegie took an inter
81 in the projects. The payments
we're 90 bee made al the rate OF 10
ger cent per month after the de
livery of inc cars. All was satisfac-
tory unit. Carnegie was notified thar
hs share Of the first payment was
ill5 lie was then only earning $50
a month. $50 he called on "A banker
and borrowed the money The cars
made up The subsequent payment by
their earnings Carnegie paid his
int mole from his meager savings at
" much per month.
The FIRST discoveries Of oil were
made in Pennsylvania at this time,
ana spo.ulatots we're making a wild
rush there Carnegie took "A hand
With others he purchased the Storey
farm on oil creek for $4,000. The
hiih of the investors and In Car
rtgie as well us the rest OF them, In
ne ability ~ the earth TO yield for
any considerable time 100 barrels
DAY WAS So great that they decided
70 make a pond capable Of holding
100 600 barrels of oil. which they
figured would bring tl,000,OOO when
lhe supply ceased. But the pond
leaked. while evaporation also caused
1 loss hHt the promoters continued
10 run ul' IN 10 make up the daily
oasts until several hundred thou
nni barrels had gone that way The
value " the plant rose to $1,000, 900
o. Is. fNt TNN FHN N
he market sold on this basis and In
one year % paid In cash dividends
100000
But Carnegie decided TO stick 10
hon with the earnings from oil he
purchased the Keystone Iron Works,
which Was % success from the outset
Then Carnegie made extensions and
bought tho Union Iron Works, then
Ne Edgar Thompson steel Ran
Works
During one NJ his visits TO Eng
hnd CHrnprip had observed the Bee
gmer process and 80 lost no tiWo
Introducing 80 In his own works.
Thus Boo was enabled TO soon make
see. rails .u competition with Eng
hh marua ,urcrs. The Homestead
works vf. added BY 1883 Carnegie
mad bu.I, ur acquired seven tynn and
'etl works within a fye-mi S}Nadius
d Pittsburgh.
IN 1892 me- various firms and COM
Rn.es consolidated into the Carnegie
sef. company Oimited) with an az
n'saic paid up capital OF $4,000,
In 1901 there occurred the anal
tama'l"n NJ seven other companies.
1 In' combined capital of these con
rms when Joined with Carncgie's
Esl't'te'N, amounted to Sl,l45,O 600.
carnegie then retired with an as
slIel Income from the capital and
sL,naN' money OF from tlO.O0O,00O
ta.''NNNo He has since devoted
lHne and money to donating
Ite libraries 10 the public and
".holnr other public institutions.
N0afnN Carnegie did not realize
w., 0''''s. wish of his life-to iie
un'", being possessed OF n dollar
SAWS fortune is estimated at half q
anon dollars the largest ever ac-
a.. WI hF q foreign born American,
r.. ".nn1 only TO that OF John ID
s.n''eI I'r the largest individual
rri.'9, l'.'nn OF wealth In the
.ln an interview at his rctiremen'
,,,.ul arlNo business Mr.. Carnegie
sssI'l,ed iaat Ito die rich Is to die
II. h'Enn to Give When 90.
~ ''shn his race against time
"a . az '6, IN 1901, he resolved
In t.e away his enormous fortune
o. N efforts TO disposscss himself I.
vt n'N.'.Iv an he had, no man
b T. w" possible exception OF John /
tt.t-',...'t'ller ever launched a phn !