Show CARNEGIES OFFER TO U S His Gift Not in Cash but Bonds in Steel Combine Washington Dec 12It transpires that the gift oC 10000000 which Andrew An-drew Carnegie tendered to President Roosevelt for the founding of a great institution for higher education was not an offer of 510000000 In cash but the par value of that amount in bonds of the United States Steel corporation The offer of these bonds Is embarrassing embarras-sing to the Administration owing to the complications which might arise if the Government accepted them and the President it IB understood is now In correspondence with Mr Carnegie about the matter It is understood to be his desire that the bonds be converted into cash If this is done the only obstacle In the path of the acceptance of the generous gift of Mr Carnegie will be lomovcd Pending the result of this correspondence correspond-ence Mr Carnegies offer Is being withheld with-held from Congress |