Andrew Carnegie

Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community. :D

Andrew Carnegie (25 November 183511 August 1919) was a Scottish-American businessman, a major philanthropist, and the founder of the Carnegie Steel Company, which later became U.S. Steel.


Triumphant DemocracyEdit

  • Three generations from shirtsleeves to shirtsleeves.

Wealth, from the North American ReviewEdit

(June 1889 vol. 148, issue 391)

  • The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. (p. 653)
  • While the law [of competition] may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department. We accept and welcome, therefore, as conditions to which we must accommodate ourselves, great inequality of environment, the concentration of business, industrial and commercial, in the hands of the few, and the law of competition between these, as being not only beneficial, but essential for the future progress of the race. (p. 655)
  • Upon the sacredness of property civilization itself depends—the right of the laborer to his hundred dollars in the savings bank, and equally the legal right of the millionaire to his millions. (p. 656)
  • Those who would administer wisely must, indeed, be wise, for one of the serious obstacles to the improvement of our race is indiscriminate charity. (p. 662)
  • Thus is the problem of Rich and Poor to be solved. The laws of accumulation will be left free; the laws of distribution free. Individualism will continue, but the millionaire will be but a trustee of the poor; intrusted for a season with a great part of the increased wealth of the community, but administering it for the community far better than it could or would have done for itself. (pp. 663-664)
  • The man who dies thus rich dies disgraced. (p. 664)
  • Such, in my opinion, is the true Gospel concerning Wealth, obedience to which is destined some day to solve the problem of the Rich and the Poor, and to bring "Peace on earth, among men Good Will." (p. 664)

The Best Fields for Philanthropy, from the North American ReviewEdit

(December 1889 vol. 149, issue 397)

  • Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community. (p. 684)

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Last modified on 16 April 2014, at 23:01