THE SOURCE OF GARNEGI'S WEALTH.

Bush Advocate, Volume XIX, Issue 738, 11 June 1907, Page 4

THE SOURCE OF GARNEGI'S WEALTH.

The secret of how Mr -Carnegie •amassed his enormous fortune was given to some extent last week at the Sydney University by Dr Starr Jordan, who is a personal friend of the American millionaire. ;Mr iDarnegie had told him that the bjßgip,r ning of his wealth came when ticed that the other manuf actur%i pf steel were employing master \yprk^ men who had no idea of chemisjjyj' nor of what lay behind the ; turj;iiig of a blast on or off. Carnegie remp^l: ed some of these merely master wprk^ men from their positions ac his works, and substituted eight or ten of the best chemists in America and Scotland — young men educated in the Universities of America, England, Scotland and Germany. By doing this he was able to make his steel at a lower price, and of a better quality, besides saving what had been waste products. It was this that has enabled him to endow a trust with £2,0u0,000 to be spent on education. Mr' Carnegie's grea|i wish was to make the educational systems in America, Canada and Scotland as near ideal as possible. "I have," said Dr Jordan, "tried to get him to extend the operations of his trust to Cambridge and some other instituions that would be improved if they had a little more money. The result, howevei', is in the future — if it -is at all."