A RADICAL MILLIONAIRE.

Hawera & Normanby Star, Volume LXIII, Issue XVIII, 30 July 1912, Page 3

A RADICAL MILLIONAIRE.

Mr Andrew Carnegie delivered his rectorial address at Aberdeen University last month, and, as usual, said some interesting thiugs. The students did not seem to have treated the great millionaire very courteously.. More than one hundred of the chairs were smashed to fragments during the proceedings, while musical items were played and fireworks exploded. But Mr Carnegie was audible to the reporters at any rate, and some of his aphorisms were recorded. "Remain teetotallers until you have become millionaires," he said. "Until then you cannot afford to take alcohol. Smoking is silly; it seems to indicate lack of good sense, and certainly lack of good taste." Turning to public matters, Mr Carnegie remarked that while an income tax might have some serious but still not overwhelming objections, there was"no objection whatever to one-half of the millionaire's hoard being taken by the State after his death." After expressing the view that the present unequal accumulations of wealth c»uld not be expected to endure. Mr Carnegie said that the co-operative system of preduction, with its thousands of owners, was the entering wedge. In the United States Steel Corporation there were to-day more than 30,000 workmen shareholders, and the number was rapidly increasing. Here lay, he believed, the true and final solution of the problem— capital and labor pulling together in the same boat as joint owners. He wished that his days could be prolonged in order that he might see the new world which must emerge from "the present encouraging agitation." The millionaire did not indicate how his own attempt to get rid of his surplus wealth was proceeding, but he showed plainly that he did not think the people could be expected to look at affairs from the point of view of the capitalist. He was prepared to face the exactions of a Labor Government in a cheerful snirit.