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полная версияAutobiography of Andrew Carnegie

Эндрю Карнеги
Autobiography of Andrew Carnegie

Полная версия

CHAPTER XIX
THE "GOSPEL OF WEALTH"

AFTER my book, "The Gospel of Wealth,"44 was published, it was inevitable that I should live up to its teachings by ceasing to struggle for more wealth. I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution. Our profits had reached forty millions of dollars per year and the prospect of increased earnings before us was amazing. Our successors, the United States Steel Corporation, soon after the purchase, netted sixty millions in one year. Had our company continued in business and adhered to our plans of extension, we figured that seventy millions in that year might have been earned.

Steel had ascended the throne and was driving away all inferior material. It was clearly seen that there was a great future ahead; but so far as I was concerned I knew the task of distribution before me would tax me in my old age to the utmost. As usual, Shakespeare had placed his talismanic touch upon the thought and framed the sentence—

 
"So distribution should undo excess,
And each man have enough."
 

At this juncture—that is March, 1901—Mr. Schwab told me Mr. Morgan had said to him he should really like to know if I wished to retire from business; if so he thought he could arrange it. He also said he had consulted our partners and that they were disposed to sell, being attracted by the terms Mr. Morgan had offered. I told Mr. Schwab that if my partners were desirous to sell I would concur, and we finally sold.

There had been so much deception by speculators buying old iron and steel mills and foisting them upon innocent purchasers at inflated values—hundred-dollar shares in some cases selling for a trifle—that I declined to take anything for the common stock. Had I done so, it would have given me just about one hundred millions more of five per cent bonds, which Mr. Morgan said afterwards I could have obtained. Such was the prosperity and such the money value of our steel business. Events proved I should have been quite justified in asking the additional sum named, for the common stock has paid five per cent continuously since.45 But I had enough, as has been proved, to keep me busier than ever before, trying to distribute it.

My first distribution was to the men in the mills. The following letters and papers will explain the gift:

New York, N.Y., March 12, 1901

I make this first use of surplus wealth, four millions of first mortgage 5% Bonds, upon retiring from business, as an acknowledgment of the deep debt which I owe to the workmen who have contributed so greatly to my success. It is designed to relieve those who may suffer from accidents, and provide small pensions for those needing help in old age.

In addition I give one million dollars of such bonds, the proceeds thereof to be used to maintain the libraries and halls I have built for our workmen.

In return, the Homestead workmen presented the following address:

Munhall, Pa., Feb'y 23, 1903
Mr. Andrew Carnegie
New York, N.Y.

Dear Sir:

We, the employees of the Homestead Steel Works, desire by this means to express to you through our Committee our great appreciation of your benevolence in establishing the "Andrew Carnegie Relief Fund," the first annual report of its operation having been placed before us during the past month.

The interest which you have always shown in your workmen has won for you an appreciation which cannot be expressed by mere words. Of the many channels through which you have sought to do good, we believe that the "Andrew Carnegie Relief Fund" stands first. We have personal knowledge of cares lightened and of hope and strength renewed in homes where human prospects seemed dark and discouraging.

Respectfully yours


The Lucy Furnace men presented me with a beautiful silver plate and inscribed upon it the following address:

Andrew Carnegie Relief Fund
Lucy Furnaces

Whereas, Mr. Andrew Carnegie, in his munificent philanthropy, has endowed the "Andrew Carnegie Relief Fund" for the benefit of employees of the Carnegie Company, Therefore be it

Resolved, that the employees of the Lucy Furnaces, in special meeting assembled, do convey to Mr. Andrew Carnegie their sincere thanks for and appreciation of his unexcelled and bounteous endowment, and furthermore be it

Resolved, that it is their earnest wish and prayer that his life may be long spared to enjoy the fruits of his works.


I sailed soon for Europe, and as usual some of my partners did not fail to accompany me to the steamer and bade me good-bye. But, oh! the difference to me! Say what we would, do what we would, the solemn change had come. This I could not fail to realize. The wrench was indeed severe and there was pain in the good-bye which was also a farewell.

Upon my return to New York some months later, I felt myself entirely out of place, but was much cheered by seeing several of "the boys" on the pier to welcome me—the same dear friends, but so different. I had lost my partners, but not my friends. This was something; it was much. Still a vacancy was left. I had now to take up my self-appointed task of wisely disposing of surplus wealth. That would keep me deeply interested.

One day my eyes happened to see a line in that most valuable paper, the "Scottish American," in which I had found many gems. This was the line:

"The gods send thread for a web begun."

It seemed almost as if it had been sent directly to me. This sank into my heart, and I resolved to begin at once my first web. True enough, the gods sent thread in the proper form. Dr. J.S. Billings, of the New York Public Libraries, came as their agent, and of dollars, five and a quarter millions went at one stroke for sixty-eight branch libraries, promised for New York City. Twenty more libraries for Brooklyn followed.

My father, as I have stated, had been one of the five pioneers in Dunfermline who combined and gave access to their few books to their less fortunate neighbors. I had followed in his footsteps by giving my native town a library—its foundation stone laid by my mother—so that this public library was really my first gift. It was followed by giving a public library and hall to Allegheny City—our first home in America. President Harrison kindly accompanied me from Washington and opened these buildings. Soon after this, Pittsburgh asked for a library, which was given. This developed, in due course, into a group of buildings embracing a museum, a picture gallery, technical schools, and the Margaret Morrison School for Young Women. This group of buildings I opened to the public November 5, 1895. In Pittsburgh I had made my fortune and in the twenty-four millions already spent on this group,46 she gets back only a small part of what she gave, and to which she is richly entitled.

 

The second large gift was to found the Carnegie Institution of Washington. The 28th of January, 1902, I gave ten million dollars in five per cent bonds, to which there has been added sufficient to make the total cash value twenty-five millions of dollars, the additions being made upon record of results obtained. I naturally wished to consult President Roosevelt upon the matter, and if possible to induce the Secretary of State, Mr. John Hay, to serve as chairman, which he readily agreed to do. With him were associated as directors my old friend Abram S. Hewitt, Dr. Billings, William E. Dodge, Elihu Root, Colonel Higginson, D.O. Mills, Dr. S. Weir Mitchell, and others.

When I showed President Roosevelt the list of the distinguished men who had agreed to serve, he remarked: "You could not duplicate it." He strongly favored the foundation, which was incorporated by an act of Congress April 28, 1904, as follows:

To encourage in the broadest and most liberal manner investigations, research and discovery, and the application of knowledge to the improvement of mankind; and, in particular, to conduct, endow and assist investigation in any department of science, literature or art, and to this end to coöperate with governments, universities, colleges, technical schools, learned societies, and individuals.

I was indebted to Dr. Billings as my guide, in selecting Dr. Daniel C. Gilman as the first President. He passed away some years later. Dr. Billings then recommended the present highly successful president, Dr. Robert S. Woodward. Long may he continue to guide the affairs of the Institution! The history of its achievements is so well known through its publications that details here are unnecessary. I may, however, refer to two of its undertakings that are somewhat unique. It is doing a world-wide service with the wood-and-bronze yacht, "Carnegie," which is voyaging around the world correcting the errors of the earlier surveys. Many of these ocean surveys have been found misleading, owing to variations of the compass. Bronze being non-magnetic, while iron and steel are highly so, previous observations have proved liable to error. A notable instance is that of the stranding of a Cunard steamship near the Azores. Captain Peters, of the "Carnegie," thought it advisable to test this case and found that the captain of the ill-fated steamer was sailing on the course laid down upon the admiralty map, and was not to blame. The original observation was wrong. The error caused by variation was promptly corrected.

This is only one of numerous corrections reported to the nations who go down to the sea in ships. Their thanks are our ample reward. In the deed of gift I expressed the hope that our young Republic might some day be able to repay, at least in some degree, the great debt it owes to the older lands. Nothing gives me deeper satisfaction than the knowledge that it has to some extent already begun to do so.

With the unique service rendered by the wandering "Carnegie," we may rank that of the fixed observatory upon Mount Wilson, California, at an altitude of 5886 feet. Professor Hale is in charge of it. He attended the gathering of leading astronomers in Rome one year, and such were his revelations there that these savants resolved their next meeting should be on top of Mount Wilson. And so it was.

There is but one Mount Wilson. From a depth seventy-two feet down in the earth photographs have been taken of new stars. On the first of these plates many new worlds—I believe sixteen—were discovered. On the second I think it was sixty new worlds which had come into our ken, and on the third plate there were estimated to be more than a hundred—several of them said to be twenty times the size of our sun. Some of them were so distant as to require eight years for their light to reach us, which inclines us to bow our heads whispering to ourselves, "All we know is as nothing to the unknown." When the monster new glass, three times larger than any existing, is in operation, what revelations are to come! I am assured if a race inhabits the moon they will be clearly seen.

The third delightful task was founding the Hero Fund, in which my whole heart was concerned. I had heard of a serious accident in a coal pit near Pittsburgh, and how the former superintendent, Mr. Taylor, although then engaged in other pursuits, had instantly driven to the scene, hoping to be of use in the crisis. Rallying volunteers, who responded eagerly, he led them down the pit to rescue those below. Alas, alas, he the heroic leader lost his own life.

I could not get the thought of this out of my mind. My dear, dear friend, Mr. Richard Watson Gilder, had sent me the following true and beautiful poem, and I re-read it the morning after the accident, and resolved then to establish the Hero Fund.

IN THE TIME OF PEACE
 
'Twas said: "When roll of drum and battle's roar
Shall cease upon the earth, O, then no more
 
 
The deed—the race—of heroes in the land."
But scarce that word was breathed when one small hand
 
 
Lifted victorious o'er a giant wrong
That had its victims crushed through ages long;
 
 
Some woman set her pale and quivering face
Firm as a rock against a man's disgrace;
 
 
A little child suffered in silence lest
His savage pain should wound a mother's breast;
 
 
Some quiet scholar flung his gauntlet down
And risked, in Truth's great name, the synod's frown;
 
 
A civic hero, in the calm realm of laws,
Did that which suddenly drew a world's applause;
 
 
And one to the pest his lithe young body gave
That he a thousand thousand lives might save.
 

Hence arose the five-million-dollar fund to reward heroes, or to support the families of heroes, who perish in the effort to serve or save their fellows, and to supplement what employers or others do in contributing to the support of the families of those left destitute through accidents. This fund, established April 15, 1904, has proved from every point of view a decided success. I cherish a fatherly regard for it since no one suggested it to me. As far as I know, it never had been thought of; hence it is emphatically "my ain bairn." Later I extended it to my native land, Great Britain, with headquarters at Dunfermline—the Trustees of the Carnegie Dunfermline Trust undertaking its administration, and splendidly have they succeeded. In due time it was extended to France, Germany, Italy, Belgium, Holland, Norway, Sweden, Switzerland, and Denmark.

Regarding its workings in Germany, I received a letter from David Jayne Hill, our American Ambassador at Berlin, from which I quote:

My main object in writing now is to tell you how pleased His Majesty is with the working of the German Hero Fund. He is enthusiastic about it and spoke in most complimentary terms of your discernment, as well as your generosity in founding it. He did not believe it would fill so important a place as it is doing. He told me of several cases that are really touching, and which would otherwise have been wholly unprovided for. One was that of a young man who saved a boy from drowning and just as they were about to lift him out of the water, after passing up the child into a boat, his heart failed, and he sank. He left a lovely young wife and a little boy. She has already been helped by the Hero Fund to establish a little business from which she can make a living, and the education of the boy, who is very bright, will be looked after. This is but one example.

Valentini (Chief of the Civil Cabinet), who was somewhat skeptical at first regarding the need of such a fund, is now glowing with enthusiasm about it, and he tells me the whole Commission, which is composed of carefully chosen men, is earnestly devoted to the work of making the very best and wisest use of their means and has devoted much time to their decisions.

They have corresponded with the English and French Commission, arranged to exchange reports, and made plans to keep in touch with one another in their work. They were deeply interested in the American report and have learned much from it.

King Edward of Britain was deeply impressed by the provisions of the fund, and wrote me an autograph letter of appreciation of this and other gifts to my native land, which I deeply value, and hence insert.

Windsor Castle, November 21, 1908

Dear Mr. Carnegie:

I have for some time past been anxious to express to you my sense of your generosity for the great public objects which you have presented to this country, the land of your birth.

Scarcely less admirable than the gifts themselves is the great care and thought you have taken in guarding against their misuse.

I am anxious to tell you how warmly I recognize your most generous benefactions and the great services they are likely to confer upon the country.

As a mark of recognition, I hope you will accept the portrait of myself which I am sending to you.

Believe me, dear Mr. Carnegie,
Sincerely yours
Edward R. & I.

Some of the newspapers in America were doubtful of the merits of the Hero Fund and the first annual report was criticized, but all this has passed away and the action of the fund is now warmly extolled. It has conquered, and long will it be before the trust is allowed to perish! The heroes of the barbarian past wounded or killed their fellows; the heroes of our civilized day serve or save theirs. Such the difference between physical and moral courage, between barbarism and civilization. Those who belong to the first class are soon to pass away, for we are finally to regard men who slay each other as we now do cannibals who eat each other; but those in the latter class will not die as long as man exists upon the earth, for such heroism as they display is god-like.

The Hero Fund will prove chiefly a pension fund. Already it has many pensioners, heroes or the widows or children of heroes. A strange misconception arose at first about it. Many thought that its purpose was to stimulate heroic action, that heroes were to be induced to play their parts for the sake of reward. This never entered my mind. It is absurd. True heroes think not of reward. They are inspired and think only of their fellows endangered; never of themselves. The fund is intended to pension or provide in the most suitable manner for the hero should he be disabled, or for those dependent upon him should he perish in his attempt to save others. It has made a fine start and will grow in popularity year after year as its aims and services are better understood. To-day we have in America 1430 hero pensioners or their families on our list.

I found the president for the Hero Fund in a Carnegie veteran, one of the original boys, Charlie Taylor. No salary for Charlie—not a cent would he ever take. He loves the work so much that I believe he would pay highly for permission to live with it. He is the right man in the right place. He has charge also, with Mr. Wilmot's able assistance, of the pensions for Carnegie workmen (Carnegie Relief Fund47); also the pensions for railway employees of my old division. Three relief funds and all of them benefiting others.

 

I got my revenge one day upon Charlie, who was always urging me to do for others. He is a graduate of Lehigh University and one of her most loyal sons. Lehigh wished a building and Charlie was her chief advocate. I said nothing, but wrote President Drinker offering the funds for the building conditioned upon my naming it. He agreed, and I called it "Taylor Hall." When Charlie discovered this, he came and protested that it would make him ridiculous, that he had only been a modest graduate, and was not entitled to have his name publicly honored, and so on. I enjoyed his plight immensely, waiting until he had finished, and then said that it would probably make him somewhat ridiculous if I insisted upon "Taylor Hall," but he ought to be willing to sacrifice himself somewhat for Lehigh. If he wasn't consumed with vanity he would not care much how his name was used if it helped his Alma Mater. Taylor was not much of a name anyhow. It was his insufferable vanity that made such a fuss. He should conquer it. He could make his decision. He could sacrifice the name of Taylor or sacrifice Lehigh, just as he liked, but: "No Taylor, no Hall." I had him! Visitors who may look upon that structure in after days and wonder who Taylor was may rest assured that he was a loyal son of Lehigh, a working, not merely a preaching, apostle of the gospel of service to his fellow-men, and one of the best men that ever lived. Such is our Lord High Commissioner of Pensions.

CHAPTER XX
EDUCATIONAL AND PENSION FUNDS

THE fifteen-million-dollar pension fund for aged university professors (The Carnegie Endowment for the Advancement of Learning), the fourth important gift, given in June, 1905, required the selection of twenty-five trustees from among the presidents of educational institutions in the United States. When twenty-four of these—President Harper, of Chicago University, being absent through illness—honored me by meeting at our house for organization, I obtained an important accession of those who were to become more intimate friends. Mr. Frank A. Vanderlip proved of great service at the start—his Washington experience being most valuable—and in our president, Dr. Henry S. Pritchett, we found the indispensable man.

This fund is very near and dear to me—knowing, as I do, many who are soon to become beneficiaries, and convinced as I am of their worth and the value of the service already rendered by them. Of all professions, that of teaching is probably the most unfairly, yes, most meanly paid, though it should rank with the highest. Educated men, devoting their lives to teaching the young, receive mere pittances. When I first took my seat as a trustee of Cornell University, I was shocked to find how small were the salaries of the professors, as a rule ranking below the salaries of some of our clerks. To save for old age with these men is impossible. Hence the universities without pension funds are compelled to retain men who are no longer able, should no longer be required, to perform their duties. Of the usefulness of the fund no doubt can be entertained.48 The first list of beneficiaries published was conclusive upon this point, containing as it did several names of world-wide reputation, so great had been their contributions to the stock of human knowledge. Many of these beneficiaries and their widows have written me most affecting letters. These I can never destroy, for if I ever have a fit of melancholy, I know the cure lies in re-reading these letters.

My friend, Mr. Thomas Shaw (now Lord Shaw), of Dunfermline had written an article for one of the English reviews showing that many poor people in Scotland were unable to pay the fees required to give their children a university education, although some had deprived themselves of comforts in order to do so. After reading Mr. Shaw's article the idea came to me to give ten millions in five per cent bonds, one half of the £104,000 yearly revenue from it to be used to pay the fees of the deserving poor students and the other half to improve the universities.

The first meeting of the trustees of this fund (The Carnegie Trust for the Universities of Scotland) was held in the Edinburgh office of the Secretary of State for Scotland in 1902, Lord Balfour of Burleigh presiding. It was a notable body of men—Prime Minister Balfour, Sir Henry Campbell-Bannerman (afterwards Prime Minister), John Morley (now Viscount Morley), James Bryce (now Viscount Bryce), the Earl of Elgin, Lord Rosebery, Lord Reay, Mr. Shaw (now Lord Shaw), Dr. John Ross of Dunfermline, "the man-of-all-work" that makes for the happiness or instruction of his fellow-man, and others. I explained that I had asked them to act because I could not entrust funds to the faculties of the Scottish universities after reading the report of a recent commission. Mr. Balfour promptly exclaimed: "Not a penny, not a penny!" The Earl of Elgin, who had been a member of the commission, fully concurred.

The details of the proposed fund being read, the Earl of Elgin was not sure about accepting a trust which was not strict and specific. He wished to know just what his duties were. I had given a majority of the trustees the right to change the objects of beneficence and modes of applying funds, should they in after days decide that the purposes and modes prescribed for education in Scotland had become unsuitable or unnecessary for the advanced times. Balfour of Burleigh agreed with the Earl and so did Prime Minister Balfour, who said he had never heard of a testator before who was willing to give such powers. He questioned the propriety of doing so.

"Well," I said, "Mr. Balfour, I have never known of a body of men capable of legislating for the generation ahead, and in some cases those who attempt to legislate even for their own generation are not thought to be eminently successful."

There was a ripple of laughter in which the Prime Minister himself heartily joined, and he then said:

"You are right, quite right; but you are, I think, the first great giver who has been wise enough to take this view."

I had proposed that a majority should have the power, but Lord Balfour suggested not less than two thirds. This was accepted by the Earl of Elgin and approved by all. I am very sure it is a wise provision, as after days will prove. It is incorporated in all my large gifts, and I rest assured that this feature will in future times prove valuable. The Earl of Elgin, of Dunfermline, did not hesitate to become Chairman of this trust. When I told Premier Balfour that I hoped Elgin could be induced to assume this duty, he said promptly, "You could not get a better man in Great Britain."

We are all entirely satisfied now upon that point. The query is: where could we get his equal?

It is an odd coincidence that there are only four living men who have been made Burgesses and received the Freedom of Dunfermline, and all are connected with the trust for the Universities of Scotland, Sir Henry Campbell-Bannerman, the Earl of Elgin, Dr. John Ross, and myself. But there is a lady in the circle to-day, the only one ever so greatly honored with the Freedom of Dunfermline, Mrs. Carnegie, whose devotion to the town, like my own, is intense.

My election to the Lord Rectorship of St. Andrews in 1902 proved a very important event in my life. It admitted me to the university world, to which I had been a stranger. Few incidents in my life have so deeply impressed me as the first meeting of the faculty, when I took my seat in the old chair occupied successively by so many distinguished Lord Rectors during the nearly five hundred years which have elapsed since St. Andrews was founded. I read the collection of rectorial speeches as a preparation for the one I was soon to make. The most remarkable paragraph I met with in any of them was Dean Stanley's advice to the students to "go to Burns for your theology." That a high dignitary of the Church and a favorite of Queen Victoria should venture to say this to the students of John Knox's University is most suggestive as showing how even theology improves with the years. The best rules of conduct are in Burns. First there is: "Thine own reproach alone do fear." I took it as a motto early in life. And secondly:

 
"The fear o' hell's a hangman's whip
To haud the wretch in order;
But where ye feel your honor grip,
Let that aye be your border."
 

John Stuart Mill's rectorial address to the St. Andrews students is remarkable. He evidently wished to give them of his best. The prominence he assigns to music as an aid to high living and pure refined enjoyment is notable. Such is my own experience.

An invitation given to the principals of the four Scotch universities and their wives or daughters to spend a week at Skibo resulted in much joy to Mrs. Carnegie and myself. The first meeting was attended by the Earl of Elgin, chairman of the Trust for the Universities of Scotland, and Lord Balfour of Burleigh, Secretary for Scotland, and Lady Balfour. After that "Principals' Week" each year became an established custom. They as well as we became friends, and thereby, they all agree, great good results to the universities. A spirit of coöperation is stimulated. Taking my hand upon leaving after the first yearly visit, Principal Lang said:

"It has taken the principals of the Scotch universities five hundred years to learn how to begin our sessions. Spending a week together is the solution."

One of the memorable results of the gathering at Skibo in 1906 was that Miss Agnes Irwin, Dean of Radcliffe College, and great-granddaughter of Benjamin Franklin, spent the principals' week with us and all were charmed with her. Franklin received his first doctor's degree from St. Andrews University, nearly one hundred and fifty years ago. The second centenary of his birth was finely celebrated in Philadelphia, and St. Andrews, with numerous other universities throughout the world, sent addresses. St. Andrews also sent a degree to the great-granddaughter. As Lord Rector, I was deputed to confer it and place the mantle upon her. This was done the first evening before a large audience, when more than two hundred addresses were presented.

The audience was deeply impressed, as well it might be. St. Andrews University, the first to confer the degree upon the great-grandfather, conferred the same degree upon the great-grandchild one hundred and forty-seven years later (and this upon her own merits as Dean of Radcliffe College); sent it across the Atlantic to be bestowed by the hands of its Lord Rector, the first who was not a British subject, but who was born one as Franklin was, and who became an American citizen as Franklin did; the ceremony performed in Philadelphia where Franklin rests, in the presence of a brilliant assembly met to honor his memory. It was all very beautiful, and I esteemed myself favored, indeed, to be the medium of such a graceful and appropriate ceremony. Principal Donaldson of St. Andrews was surely inspired when he thought of it!

My unanimous reëlection by the students of St. Andrews, without a contest for a second term, was deeply appreciated. And I liked the Rector's nights, when the students claim him for themselves, no member of the faculty being invited. We always had a good time. After the first one, Principal Donaldson gave me the verdict of the Secretary as rendered to him: "Rector So-and-So talked to us, Rector Thus-and-So talked at us, both from the platform; Mr. Carnegie sat down in our circle and talked with us."

The question of aid to our own higher educational institutions often intruded itself upon me, but my belief was that our chief universities, such as Harvard and Columbia, with five to ten thousand students,49 were large enough; that further growth was undesirable; that the smaller institutions (the colleges especially) were in greater need of help and that it would be a better use of surplus wealth to aid them. Accordingly, I afterwards confined myself to these and am satisfied that this was wise. At a later date we found Mr. Rockefeller's splendid educational fund, The General Education Board, and ourselves were working in this fruitful field without consultation, with sometimes undesirable results. Mr. Rockefeller wished me to join his board and this I did. Coöperation was soon found to be much to our mutual advantage, and we now work in unison.

44The Gospel of Wealth (Century Company, New York, 1900) contains various magazine articles written between 1886 and 1899 and published in the Youth's Companion, the Century Magazine, the North American Review, the Forum, the Contemporary Review, the Fortnightly Review, the Nineteenth Century, and the Scottish Leader. Gladstone asked that the article in the North American Review be printed in England. It was published in the Pall Mall Budget and christened the "Gospel of Wealth." Gladstone, Cardinal Manning, Rev. Hugh Price, and Rev. Dr. Hermann Adler answered it, and Mr. Carnegie replied to them.
45The Carnegie Steel Company was bought by Mr. Morgan at Mr. Carnegie's own price. There was some talk at the time of his holding out for a higher price than he received, but testifying before a committee of the House of Representatives in January, 1912, Mr. Carnegie said: "I considered what was fair: and that is the option Morgan got. Schwab went down and arranged it. I never saw Morgan on the subject or any man connected with him. Never a word passed between him and me. I gave my memorandum and Morgan saw it was eminently fair. I have been told many times since by insiders that I should have asked $100,000,000 more and could have got it easily. Once for all, I want to put a stop to all this talk about Mr. Carnegie 'forcing high prices for anything.'"
46The total gifts to the Carnegie Institute at Pittsburgh amounted to about twenty-eight million dollars. "He belonged to that great race of nation-builders who have made the development of America the wonder of the world.... He was the kindliest man I ever knew. Wealth had brought to him no hardening of the heart, nor made him forget the dreams of his youth. Kindly, affectionate, charitable in his judgments, unrestrained in his sympathies, noble in his impulses, I wish that all the people who think of him as a rich man giving away money he did not need could know of the hundreds of kindly things he did unknown to the world." "To promote the advancement and diffusion of knowledge and understanding among the people of the United States by aiding technical schools, institutions of higher learning, libraries, scientific research, hero funds, useful publications and by such other agencies and means as shall from time to time be found appropriate therefor." The Carnegie benefactions, all told, amount to something over $350,000,000—surely a huge sum to have been brought together and then distributed by one man.
47This fund is now managed separately.
48The total amount of this fund in 1919 was $29,250,000.
49Columbia University in 1920 numbered all told some 25,000 students in the various departments.
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