CARNEGIE, ANDREW. (1835-1919). Scottish-born, American industrialist and philanthropist. ALS. (“Andrew Carnegie”). 1½pp. 8vo. On two separate sheets. Palm Beach, February 18, 1896. On Royal Poinciana Hotel stationery. To Mr. Eaton.
“I wish so much to do anything I can for Drexel – the work of my friend now gone, that I should certainly deliver the desired lecture were I to be North in time but we shall not be until about sixth April. May be at some future time I can be of service. Truly yours…
A Scottish immigrant and self-made man, Andrew Carnegie was already wealthy by age 40. However, in his 1889 article Wealth, he set forth his philosophy that one who had amassed great wealth had an obligation to use it for “the improvement of mankind,” (Encyclopaedia Britannica). It was to this altruistic pursuit that Carnegie devoted himself and his fortune beginning in 1901 when he sold his company, Carnegie Steel, to J.P. Morgan for $250,000,000.
Listen to Andrew Carnegie speak about the duty of wealthy individuals (starting at 8’23”).