| Show GIFT TO HIS H IS Donates Five Million Millon Dollars for Endowment Fund FOR OIt SUPERANNUATED M IEN ro To Provide fur for o III In Service ascii for fez l Upon Killed In Ia l i com corn communications from Andrew AndreI Carnegie which uro mado public tonight tell of ot the steel kings retirement from hoist active business life and of ot Isis his hi donation of ot for tor the endowment of a u fund for superannuated and disabled of ot the Carnegie company This benefaction Is by fur far the largest of or the tho many canny created by Mr Carnegie und and Is I probably without a I counterpart t anywhere In the world This fund will In no rio wIse vIso Interfere with the ance anco of ot the savings fund established by I the Cite company fifteen years ears ago ItO for tor the tho benefit of Its In this latter fund tunel nearly nearl of the tho savings sa are on deposit upon which the company by contract pays lays 6 G per lien cent and acid loans money to tho the workmen to build their own homes The fhe letters fol to low hots II New Nev York March 12 1210 To the tho Good People of ot opportunity to retire from tout sH ninE l In na l IM sought fought which I considered r cl It ti my aty ni duty d iY to accept My 1 resolve was wan made modo In youth to retire before old age Prom From what I have seen around me rae I cannot doubt douht the lists wisdom of ot this course coure al III a though the tIme change Is great even serious and anal seldom brings the happi hawl ness expected lOut Hut this Is III because so ninny man having abundance to retire up u on have hare so little to retire to The fa tn timers In olden days das taught that a II man mass should have time before the end of ot his career for hr the time ranking making of ot his soul I have havo always felt that old alt age should bo tie spent not as ns the Scotch say In soak mak ing trig mickle male but In snaking making a I good rood Use uso of what that has lists been acquired and I 1 hope hOlle my m friends of ot will stilt ap up prove of ot my action In retiring While hlll still In full tull health anti and vigor and I can reasonably expect sunny many years ealS for tor usefulness s which have hae other than per pcr alms rif or from business associations 0 and I em cia Is Indeed keen een associates who uro ure at nt once the best of ot partners and the best of friends who Iho are arc not only the lie best of ot workmen but hut the most roost body hody of ot rn men n which the world hn has to show shoo Of Ot this thIn I am well assured anti and very ery proud Hut the separation se even from trout a n business point of view iett Is not absolute since shire my capi capt tal tail remains In as before and Indeed I 1 am omit now no Interested In more atone mills louis there than ever and depend upon ns as hitherto for tor my revenue I 1 shall have snore more time line now to devote to tho the Institute and to tie the technical school which ore are In tho the higher domain of s life LICe anti and ani these I have haro long seen to be my m chief work tho the lick Held In which I 1 can do the greatest because the lie highest good tood for tor Tho Thu share which I have havo had It In Mm th nn I development of our our city may amy be considered only ani the time foundation upon which the things s of the spirit are built and taking the proceeds proceed of ot the material to develop the things of ot the spiritual world I feet feel that I am atm pursuing the lie Ideal path of ot life lite and duty cluty For all these reasons and nOlI for Cor another more potent than tItan all nil viz Iz that Pitts Pitta burg entered the core of or my heart when I was a 0 boy anti and cannot be torn out i I can eon never neer be ono one hairs halls breadth loss lest loyal loal to her lien or less anxious to help her In any way than I have llao been since I could help anything My Ml M treasure Is still with you ou my heart Is iii still with you ou anti and how best to serve Pittsburg Is the tile question which recurs to me almost every ever day of or my m life lite ANDREW New York March 12 To the Pres ident blent and Managers the Carnegie Com pany Gentlemen Mr Ir Franks my cashier will wilt hand over oer to tn you upon your our acceptance of ot the trust of ot Carnegie company bonds In trust for tor the following purposes The laconic Income of ot to bo be spent In maintaining the libraries built by me In lit Braddock Homestead and anti Duquesne I have been giving the Interest of at to each of ot these libraries hitherto and arll this will give glo a revenue of ot hereafter for tor the three The Income of ot the other Is to be applied First To provide for tor of ot the thu Carnegie company com pan In all nil Its lis works mines railways shops shop etc Injured lt hr Its service anti ami alii dependent up ui on such as ns are killed nil To pi II it A i n I n h aids Bids to such as l long Ug lt creditable service through exceptional circumstances need such help In their old age and asid who make a good use of It Should these uses not require all of ot the revenue and anti n II surplus of at bB b left letl after ten years operation then for tor mill all over this workmen In mills other than the Carnegie o company In Alle Aile Allegheny county count shall become eligible ell for participation In the fund the mills nearest tho the works work of at the tho Carnegie Steel company being first embraced This fund Is not Intended to be used as a substitute for tor what the company compan has hafl been li Ii the habit of ot doing In such Auch cases far front from It It Is 19 Intended to go so still further anti and give e to the tho Injured or their families or to who are ale needy In old age nse through no fault of 01 their own oln some Iome provision against want wani ns 85 long as needed or until young oun chil dren can become My 1 liI 1 president anil have been con eon erring for pome Fome time ns III to the possibility of ot Introducing a pension find and beneficial system to which contribute resembling that so admirably ably established by b the Pennsylvania nail Baltimore Ohio railroads We find It a problem to adjust trl td in inci n ci manufacturing concern hut but should It be solved hereafter the authority to make this IsIs fund the tho foun toun dation of ot such uch n it system Each IlIch superintendent will report re ort to the lice president such cases eases In his department ns nB he thinks worthy of ot nit alii from the fund and sin the lie president will In turn re reo purt to lo the Die directors with M his hb r On I for action A report to be made at nt the end enil of ot erich each year ar giving gln an account RecoUnt of ot the fund nail and of Its distribution shall he ho published In two papers in and copies posted freely at lit the several wor that every ever may mn kot what I l done Publicity In thin manner will I am sure lure have a bene effort I snake make this first fr use e of at surplus wealth path upon retiring from business as Rh asan Rhan an nn acknowledgment of the dc i sp p debt deIt whIrl I owe Ie to the workmen who ho have hac contributed po to my m success I hope hello the cordial relations which exist between and employed throughout all ni the Carnegie company worl n never le Ie l Unturned l both hoth anil nd ye remembering what nhat J T sti M 11 In mv my last lal speech to the t th c cm m men si t 10 Lobor Ibor capital and ability are the three legs leSI of ot a I stool Thieve There l Ia hI no precedence nil all 11 hiving being equally necessary He lie Iu who would BOW so 80 discord among the three Is an enemy enel of all ni allI I 1 know knots that I have lawe done dOM my lY duty dut In retiring front from front business when wisest ity I it presented itself J elt and yet et a ns as I write my heart Is full tul I have hae enjoyed so mUch nn mv fly with n foremen clerks superintendents purl part hart ners nelS and alt all 11 other classes clasps that It Is I u Il great grat wrench Indeed to say pay Al farewell Happily there thele Is no real farewell In one ona sense because although no longer an ar employer I am nm still nail and always must be he a friend deeply Interested In the Ule happiness hn of at all al whom wham It 1 has been my 1 good fortune to know knott Imo and work In sym S1 path with for no so I ninny many lany happy years Always truly yours our ANDREW CARNEGIE CAn EGI NEGOTIATIONS WITH LOUR Delay Caused hy Icy I He Ito Ie Kitchener and Homo cc New York March arch UIt HIl Is stated says Bays a n Tribune dispatch front from London that the tho delay In concluding tho the neo ciego negotiation with Hotha has been heen caused by hy some sonic friction between Lord Kitchener Sir Ct h t ment nr i ri It i Is now reported that an K the basis bal ot of tho the settlement of ot the tho South African question the Rand Hanel mines moines shall ultimately bear beai benl the th e cost coat of o the tile rebuild rebuilding rebuildIng ing Ins of the Hoer Boer form farm and the tho lie restocking of ot the tM farms farina and the tw feel feelIng feelIng feeling Ing Is growing that If It Lord Kitchener hall hail been loft left to settle Hetto the terms him himself himself self matters maters would have been arranged several days clays ago The British com coma commander mander manIer has hins throughout been anxious to groat the Boes more moe liberal terms torsos than the Imperial authorities at home cared to t sanction junction |
