THE SOURCE OF CARNEGIE'S WEALTH.

Press, Volume LXIII, Issue 12825, 8 June 1907, Page 9

THE SOURCE OF CARNEGIE'S WEALTH.

The secret of how Mr Carnegie nmassed his onorir.ouis fortune wa< given to some extent last .r.eek at tho Sydney University by Dr. S_rr Jordan, who is n personal friend of the Amei'can millionaire, lir Carnejiie had ft \i him that the be;r'nuing or iiis w(.:•■'. i came wlien ho nc.t : ced'"t!iat the o_> . manufacturers of steel were enij/loyiug n ester work:iien who hail no id* a oi chemistry nt>r of what lay behind th> turning tf a 1 last on or off. Carr.cgie renioved some of these merely master workmen from their positions at his works, and substituted eight or ten of tho best chemists in America and Siotlanel—young men educated in the Universities of America. England. Scotland nnd Germany. By doing this he was able to make his steel at a loner price, and of a better quality, besides saving what had been waste products. It was thid that ha-s enabled him to endow a trust with £I\OOO,COO to be spent on cdic.-umn. Mr Carnegie's great wish was to make the ediKtiricnal systems in Amc-rici, Canada, and Scotland aa near i<-eal as t.ct=sible. "1 have," said |> r . J ( >r,!an, ""tried to gft him to extend the <>;_-rations of his trust to Cambridge and some other i"; stituticiu that w'ouid be improved i. they had a little more money. The result, however, is in. the future —if it ia at uil."

lo.i tho youth of promise to feel that tr.eir choice lay between university and uni-i .rsity, not between tike local Uuivtifciiy and nothing. Since California iiiel two universities close together, the nt-mbcr ol University student, in. tne State had risen frcsn 460 to over 50"_0. the pressure cf higher education to tho Mjuare inch was s.iid to be greater in California than anywhere esse in the world. Oil each "iccurrent day ot atactic rivalry the whole population of tlw Suite, "according to Dr. Starr Jordan, i» uivi.od ix-tnc-en the blue an.! g.id of Ca-li.oruia and the cardinal red of Stantord. In a recent address at S.in Francisco, _ rofessor Bae-on, *f tho l.nit-eisity of California, said that it tho wr.oio *cm.owu:ejit of Stanford had been given the older institution, it would have helped it less than it tias boea ai..td by the friendly rivalry uc-t-.vcen the two. " And yet,"' conclm r Dr. Jordan, " when Stanford op ned iv I.SOI. a prominent journal said that tilde- was about as mucu nee_ for a s-xo-.d ur.ive. ity in Caliiorma as ior an asyium for dec_y<—l iv Switzerland.'