"CRIME TO DIE RICH."

Oamaru Mail, Volume XXXIX, Issue 10959, 27 December 1911, Page 3

"CRIME TO DIE RICH."

Mr Andrew Carnegie lias just given £5,000,000 more to promote the advancement and 1 diffusion of knowledge and understanding among tlie people of the United States. He is 77 years old, and when interviewedl about his benefactions, ho repeated his axiom, ''lt is a crime to die rich." The donation was in first mortgage gold bonds of the Steel Corporation, and the income of the fund will be used by the Cainegie Corporation for th-i establishment for higher learning and scientific research. It is estimated' that Mr Carnegie has now given away £44,160,000, whereas his closest competitor as a philanthropist, Mr John' D. Rockefeller, the world's richest man, has given about £34,942,200. Mr Carnegie's wealth was estimated a few years ago at £14,000,000, and for the personal tax in New York he is assessed at £1,000,000. The wealth of thb Standard Oil King is estimated at twice as high as that of the steel magnate. The Press, in commenting upon the benefactions of Messrs Carnegie and Rockefeller, say that both have done much to fulfil the tradition' that American millionaires more than most men recognise their responsibility to the people as the creators of their vast fortunes, and return money to the public with interest a thousandfold.