The Maui news. [volume] (Wailuku, Maui, H.I.) 1900-current, 1919-08-15
Andrew Carnegie
Dies Suddenly
Had Fortune Second Only To Rookie
feller'S-Gave Away Nearly Half
A Billion Dollars - Was Eighty
Two Years Old.

his enormous fortune. He held it
gathering idle millions. In the com
p%aratively few years which the actu-
AIRY could allow him, he would dis
embarrass himself of practically all
he had. No man had ever launched a
philanthropic campaign of such dimen
lions.
Ills was then a fortune of just about
a quarter billion dollars, the largest
ever acquired by a ~roreign-born Am
erican, second only to the John d.
Rockefeller wealth as the largest in
dividual accumulation in the United
States. and, built. rs it was, of five
pccent steel bonds, II would, without
so much as turning over ones hand,
have approached half a billion by the
time Carnegie could call himself an
octogenarian on November %, 1915.
To give this %stupendous sum away,
in about hali the time he had taken
to gather it, was a purpose Carnegie
had fairly well fulfilled when death
overlook him today. He had distri-
buted about $3.50, O0O, 600. 1t was Civ
ing money away at the rate of over
500, 900, 900 a year, or more than $780,
O00 a day.
He declared, when he gave up
gathering wealth and announced an
era of distribution, hat he expected
to find it more difficult to give his
millions away thar it had been to ac-
quire them. How would you give
$780, 200, 200 away?", became such a
popular query that an English ad-
v~ertiser who employed it, received no
less than 5000 suggestions as to
how Carnegie could rid himself of
his wealth. Twelve thousand persons
solved the problem in part by asking
for some of the money for themselves.
The answers which Carnegie him
self gave and backed up with his
millions have made him the most
original if not the greatest of phil
anthropists.
Before he sailed for Scotland in
1901 he left letters announcing gifts
of 9 1000, 900. His first big gift was
the setting aside OF $4,000, 900 to sup
ply pensions and relief for the in
jured and aged employees of his steel
plants-"an Acknowledgement of the
deep debt which l owe to the work
man who have contributed 81 greatly
to my success" He added an extra
million for the support of Libraries for
his workmen, and looked up his
library hobby in a wholesale way by
giving 5000, 900 to New York City
for the erection of siXty-ive branch
libraries in the metropolis. Another
million he gave for a library in ST.
Louis.
On libraries alone he spent upwards
of $4,000, 900. He gave them to some
twn thousand English speaking COM
mun:ties throughout the world One
of - Libraries is IN Inc Fiji Islands.
He remembered Pittsburg, the
scene of his steel-making truimphs,
by establishing there a great Insti-
tute, including the largest of his Ii
braries, a museum, a magnificent con
cert hall, and the Carnegie Technolo-
gical Schools, with a total endow-
ment of SIG, 100000.
He built a great institution in Wash
ington, which should be the fountain
head of advanced work in "investi-
cation, research and discovery" and
placed in the hands of its trustees a
total endowment of some 500, 600. 900.
To his native Scotland his largest
single gift was a fund of $10,00O,000
to aid education in Scottish universe
tites.
He carried out his pet idea of a
Hero Commission, endowed il in 1905
with $5,0OO,O0O by which hundreds OF
men, women and children have been
rewarded with Carnegie medals or
pensions for acts of heroism in the
rescue of imperilled persons. He
later extended similar benefactions to
several foreign countries.
He established the Carnegie Foun-
dation for the Advancement of Teach
ing, with a total fund of $751; 900, 900,
which has taken up efficiency surveys
of educational work, aided many in
s%titutions, and provided pensions for
college professors. In 1911 he capital
lied his educational b]eneyolence, so
that his gifts to Libraries, colleges,
and other institutions, should live af-
ter him, by establishing the Carnegie
Corporation with a fund of $25,OOO,-
600.
One of his latest and greatest ideals