INFANCY
His next enterprise was the purchase of the Homestead Steel Works—his great rival of Pittsburg. By 1888, he had built or acquired seven distinct iron and steel works. All the plants of this great firm are within a radius of five miles of Pittsburg. In no other part of the world can be found such an aggregation of splendidly equipped steel works as those controlled by Carnegie and his associates. It now comprises the Homestead Steel Works, the Edgar Thompson Steel Works and Furnaces, the Duquesne Steel Works and Furnaces, all within two miles of one another; the Lucy Furnaces, the Keystone Bridge Works, the Upper Union Rolling Mills, and the Lower Union Rolling Mills.
In all branches, including the great coke works, mines, etc., there are employed twenty-five thousand men. The monthly pay roll exceeds one million, one hundred and twenty-five thousand dollars, or nearly fifty thousand dollars for each working day.
“You believe in taking active measures,” I said, “to make men successful.”
“Yes, I believe in anything which will help men to help themselves. To induce them to save, every workman, in our company, is allowed to deposit part of his earnings, not exceeding two thousand dollars, with the firm, on which the high interest rate of six per cent. is allowed. The firm also lends to any of its workmen to buy a lot, or to build a house, taking its pay by installments.”
“Has this contributed any to the success of your company?”
A STRENGTHENING POLICY.
“I think so. The policy of giving a personal interest to the men who render exceptional service is strengthening. With us there are many such, and every year several more are added as partners. It is the policy of the concern to interest every superintendent in the works, every head of a department, every exceptional young man. Promotion follows exceptional service, and there is no favoritism.”
“All you have said so far merely gives the idea of getting money, without any suggestion as to the proper use of great wealth. Will you say something on that score?”
“My views are rather well known, I think. What a man owns is already subordinate, in America, to what he knows; but, in the final aristocracy, the question will not be either of these, but what has he done for his fellows? Where has he shown generosity and self-abnegation? Where has he been a father to the fatherless? And the cause of the poor; where has he searched that out? How he has worshipped God will not be asked in that day, but how he has served man.”
MR. CARNEGIE’S PHILANTHROPY.
That Mr. Carnegie has lived up, in the past, and is still living up to this radical declaration of independence from the practice of men who have amassed fortunes around him, will be best shown by a brief enumeration of some of his almost unexampled philanthropies. His largest gift has been to the city of Pittsburg, the scene of his early trials and later triumphs. There he has built, at a cost of more than a million dollars, a magnificent library, museum, concert hall and picture gallery, all under one roof, and endowed it with a fund of another million, the interest of which (fifty thousand dollars per annum), is being devoted to the purchase of the best works of American art. Other libraries, to be connected with this largest as a center, are now being constructed, which will make the city of Pittsburg and its environs a beneficiary of his generosity to the extent of five million dollars.
In his native land, Scotland, thrift is a virtue that is taught with the alphabet; and, when the twelve-year-old “Andy” Carnegie came to America with his father and mother, he was full of the notion of thrift and its twin brother, hard work.
CARNEGIE’S VIEWS ON THRIFT.
Once he wrote on the subject of thrift for a Scottish journal. He said:—
“The accumulation of millions is usually the result of enterprise and judgment, and some exceptional ability or organization. It does not come from savings, in the ordinary sense of the word. Men who, in old age, strive only to increase their already too great hoards, are usually slaves of the habit of hoarding, formed in their youth. At first they own the money they have made and saved. Later in life the money owns them, and they cannot help themselves, so overpowering is the force of habit, either for good or evil. It is the abuse of the civilized saving instinct, and not its use, that produces this class of men. No one needs to be afraid of falling a victim to this abuse of the habit, if he always bears in mind that whatever surplus wealth may come to him is to be regarded as a sacred trust, which he is bound to administer for the good of his fellows. The man should always be master. He should keep money in the position of a useful servant; he must never let it be his master and make a miser of him. A man’s first duty is to acquire a competence and be independent, then to do something for his needy neighbors who are less favored than himself.”
Mr. Carnegie has always lived up to this doctrine. He has made philanthropy a factor of existence. Already he has endowed over ninety libraries in different cities of the United States, having spent about $4,500,000 in this manner alone. He believes that a man can learn the science of true life and success in good books. In Scotland, where many of the residents of a poor hamlet have been benefited by his generosity, he is called “the good angel.” Whenever he visits any of these places, he is a greater man than the King of Great Britain.
While thus endowing the city where his fortune was made, he has not forgotten other places endeared to him by association or by interest. To the Allegheny Free Library he has given $375,000; to the Braddock Free Library, $250,000; to the Johnstown Free Library, $50,000, and to the Fairfield (Iowa) Library, $40,000. To his native land he has been scarcely less generous. To the Edinburgh Free Library he has given $250,000, and to his native town of Dunfermline, $90,000. Other Scottish towns to the number of ten have received helpful donations of amounts not quite so large.
“I should like you to say some other important things for the young man to learn and benefit by.”
“Our young partners in the Carnegie company have all won their spurs by showing that we did not know half as well what was wanted as they did. Some of them have acted upon occasions with me as if they owned the firm and I was but some airy New Yorker, presuming to advise upon what I knew very little about. Well, they are not now interfered with. They were the true bosses—the very men we were looking for.”
“THE MISFORTUNE OF BEING RICH MEN’S SONS.”
“Is this all for the poor boy?”
“Every word. I trust that few, if any, of your readers have the misfortune to be rich men’s sons. They are heavily weighted in the race. A basketful of bonds is the heaviest basket a young man ever had to carry. He generally gets to staggering under it. The vast majority of rich men’s sons are unable to resist the temptations to which wealth subjects them, and they sink to unworthy lives. It is not from this class that the poor beginner has rivalry to fear. The partner’s sons will never trouble you much, but look out that some boys poorer, much poorer, than yourselves, whose parents cannot afford to give them any schooling, do not challenge you at the post and pass you at the grand stand. Look out for the boy who has to plunge into work direct from the common school, and begins by sweeping out the office.