Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1919-08-11
DEATH OF ANDREW CARNEGIE
PASSING AWAY OF THE MAN WHO GAVE AWAY $35OOOOOOO
,IIy Associated PressD

tny Associated Pressp
LEMON, Mass, Aug. l1--Andrew
Carnegie steel magnate and philan-
Jhropist. died today at his summer
home Shadow Brook. after an i'll,
ness Of three days Bronchial pneu-
monia developed so suddenly that his
daughter Mrs, Roswell Miller, was
unable to reach his bedside before
ne died His wife and private sec
retary were present He spent most
Of the summer at Lenox and became
i'll Friday
although Carnegie was in his S,th
year he had been an invalid since
1917 when he suffered from an at
tack of la grippe Since his previous
serious illness he had been under the
care of two nurses Long identified
with the international peace move
ment. he is said to have been more
severely affected by he world war
than most men His death, appar
entity. had little effect on the stock
market Common stock of the United
States Steel Corporation of which
the Carnegie companies formed an
important part, Jagged behind the
general list II was declared in we'll
Informed quarters that Carnegie's
holdings in the steel corporation was
limited to mortgage bonds
Andrew Carnegie began a race
against time when, in 1901, at the
age Of sixty-five, he resolved to give
away his enormous fortune He held
it "disgraceful for a man to keep
on gathering idle millions In the
comparatively few years which the
actuary could allow him, he would
disembarrass himself Of practically
all he had No man had ever launched
philanthropic campaign Of such
dimensions
His was then a fortune Of just
about quarter billion dollars, the
largest ever acquired by a foreign,
born American. second only to the
John D. Rockefeller wealth as the
largest individual accumulation in the
United States, and, built, as 1t was.
of five per cent steel bonds, It
would without so much as turning
over ones hand, have approached
half a billion by the time Carnegie
could call himself an nctogenarian on
November 25. 1919.
To give this stupendous sum away
in about half the time he had taken
10 gather IT, was a purpose Carnegie
had fairly we'll fulfilled when death
overlook him today He had distrib
nted about 3OOOOO.O0O 1t was Civ
ing money away at the rate of $50.
100000 a year or more than $50.0OC
a day.
He declared. when he gave up gath
aring wealth and announced an era
Of distribution that he expected tC
find it more difficult to give his mil
lions away than it had been to ac
oujre them How would you give
5000. .OOO. 900 away" became such
popular query that an English adveT
tiser who employed it, received NJ
less than $4,000 suggestions as tc
how Carnegie could rid himself o
his wealth. Twelve thousand an
swered the problem in part by ask
for some OF the money for them
selves
The answers which Carnegie him
self gave and backed up with hi
millions have made him the mos
original IL not the greatest Of phi
anthropists.
Before he sailed for Scotland +
g 1907 he left letters announcing gift
Of SO, 900 900. His first big gift wa
the setting aside Of $4OOOOOO to SUI
plv pensions and relief for the injure
and aged employees of his steel plant
He added an extra million for III
U support of libraries for his workmeI
On libraries alone he spent VI
Continued on page
AURORA MAN DIES IN RENO