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“best uses” to which the millionaire can devote his wealth (universities, libraries, medical institutions, public parks, and more). The Gospel of Wealth caused quite a stir on both sides of the Atlantic, not least for its now famous declaration that “The man who dies thus rich dies disgraced.”
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The Gospel of Wealth. BY ANDREW CARNEGIE. 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. The conditions of human life have not only been changed, but revolutionized, within the past few hundred years.
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- CONTENTS
- MARTIN P. CATHERWOOD LIBRARY
- HOW I SERVED MY APPRENTICESHIP 1
- Introduction
- As the factory system developed hand-loom
- In after life, if you can look back as I do and
- I cannot tell you how proud I was when I re-
- But I was young and had my dreams, and some-
- This was a point of honor, for every member of
- My kind employer, John Hay,—peace to his
- You know how people moan about poverty as
- Introduction
- It is because I know how sweet and happy and
- Introduction
- It seems, nowadays, a matter of universal desire
- Before long I was able to do this with the business
- Of course every ambitious messenger boy wants
- This was a fortune—the very sum that I had
- I think this last step of doing something beyond
- The Pennsylvania Railroad shortly after this
- The new appointment was accompanied by what was, to me, a tremendous increase of salary. It
- " Yes, sir ; I think I can."
- But there was one member of the family whose
- Mortgage our house. I will take the steamer in
- Introduction
- Adams Express stock then paid monthly divi-
- Here was something new to all of us, for none of
- How money could make money, how, without
- A very important incident in my life occurred
- I asked him to
- Before leaving Altoona Mr. Woodruff came and
- I had not the money, and I did not see any way
- He promptly granted it. Never shall I forget his
- I then and there signed my first note. Proud
- I was becoming a " business man." I bad signed
- My subsequent payments were made by the
- Shortly after this I was appointed superintendent of the Pittsburg division, and returned to my dear
- Pennsylvania Railroad was experimenting with a
- This was my beginning in manufacturing ; and
- I was no longer merely an official working for
- Always we are hoping that we need expand no
- The result of all these developments is that three
- THE problem of our age is the proper adminis-
- Sioux, I was led to the wigwam of the chief. It
- The Gospel of Wealth
- It is easy to see how the change has come. One
- The inevitable result of such a mode of manu-
- The farmer has more luxuries than the landlord
- The Gospel of Wealth
- The price which society pays for the law of com-
- Objections to the foundations upon which so-
- Every man must be allowed " to sit under his own
- There are but three modes in which surplus wealth can be disposed of. It can be left to the
- In monarchical countries, the estates and the
- Its soil is rapidly passing into the hands of the
- Observation teaches that, generally speaking, it is
- will
PAGE Introduction : How I Served My Apprenticeship vii
NEW YORK STATE SCHOOL INDUSTRIAL AND LABOR RELATIONS Cornel! University
IT is a great pleasure to tell how I served my apprenticeship as a business man. But there seems to be a question preceding this : Why did I become a business man ! I am sure that I should never have selected a business career if I had been permitted to choose.
few large merchants took orders, and employed master weavers, such as my father, to weave the cloth, the merchants supplying the materials.
weaving naturally declined, and my father was one of the sufferers by the change. The first serious lesson of my life came to me one day when he had taken in the last of his work to the merchant, and returned to our little home greatly distressed be- cause there was no more work for him to do. I was then just about ten years of age, but the les- so...
wonder at the complete surrender of their own de-sires which parents make for the good of their children, you must reverence their memories with feelings akin to worship. On arriving in Allegheny City (there were four Introduction of us: father, mother, my younger brother, and myself), my father entered a cotton factory. I soon followed, and served...
ceived my first week's own earnings. One dollar and twenty cents made by myself and given to me because I had been of some use in the world ! No longer entirely dependent upon my parents, but at last admitted to the family partnership as a con- tributing member and able to help them ! I think this makes a man out of a boy sooner than almost* anythi...
thing within always told me that this would not, could not, should not last—I should some day get into a better position. Besides this, I felt myself no longer a mere boy, but quite a little man, and this made me happy. A change soon came, for a kind old Scotsman, who knew some of our relatives, made bobbins, and took me into his factory before I w...
the family was working hard, except, of course, my little brother, who was then a child, and we were telling each other only all the bright things. Be- sides this, no man would whine and give up—he would die first. There was no servant in our family, and several dollars per week were earned by the mother by binding shoes after her daily work was do...
ashes! —soon relieved me of the undue strain, for he needed some one to make out bills and keep his accounts, and finding that I could write a plain school-boy hand and could " cipher," he made me his only clerk. But still I had to work hard up- stairs in the factory, for the clerking took but little time.
being a great evil, and it seems to be accepted that if people had only plenty of money and were rich, they would be happy and more useful, and get more out of life. As a rule, there is more genuine satisfaction, a
truer life, and more obtained from life in the hum- ble cottages of the poor than in the palaces of the rich. I always pity the sons and daughters of rich men, who are attended by servants, and have gov- ernesses at a later age, but am glad to remember that they do not know what they have missed. They have kind fathers and mothers, too, and think t...
pure the home of honest poverty is, how free from perplexing care, from social envies and emulations, how loving and how united its members may be in the common interest of supporting the family, that I sympathize with the rich man's boy and con- gratulate the poor man's boy ; and it is for these reasons that from the ranks of the poor so many stro...
them have been born to the precious heritage of poverty.
that poverty should be abolished. We should be quite willing to abolish luxury, but to abolish hon- est, industrious, self-denying poverty would be to destroy the soil upon which mankind produces the virtues which enable our race to reach a still higher civilization than it now possesses. I come now to the third step in my apprentice- ship, for I h...
streets generally. My mind was then at rest upon that point.
to become an operator, and before the operators arrive in the early mornings the boys slipped up to the instruments and practised. This I did, and was soon able to talk to the boys in the other offices along the line, who were also practising. One morning I heard Philadelphia calling Pitts- burg, and giving the signal, "Death message."^ Great atten...
fixed when I was a factory-worker as the fortune I wished to possess, because the family could live on three hundred dollars a year and be almost or quite independent. Here it was at last! But I was soon to be in receipt of extra compensation for extra work. The six newspapers of Pittsburg received tele- graphic news in common. Six copies of each d...
one's task is fully entitled to be considered " busi- ness." The other revenue, you see, was just salary obtained for regular work ; but here was a little business operation upon my own account, and I was very proud indeed of my gold dollar every week. Introduction
was completed to Pittsburg, and that genius, Thomas A. Scott, was its superintendent. He often came to the telegraph office to talk to his chief, the general superintendent, at Altoona, and I became known to him in this way. When that great railway system put up a wire of its own, he asked me to be his clerk and opera- tor; so I left the telegraph ...
jumped from twenty-five to thirty-five dollars per month. Mr. Scott was then receiving one hundred and twenty-five dollars per month, and I used to wonder what on earth he could do with so much money. I remained for thirteen years in the service of the Pennsylvania Railroad Company, and was at last superintendent of the Pittsburg division of the ro...
" Very well," he said, " get it ; a man has just died who owns ten shares in the Adams Express Company which I want you to buy. It will cost you fifty dollars per share, and I can help you with a little balance if you cannot raise it all." Here was a queer position. The available assets of the whole family were not five hundred dollars.
ability, pluck, and resource never failed us, and I felt sure the money could be raised somehow or other by my mother. Indeed, had Mr. Scott known our position he would have advanced it himself ; but the last thing in the world the proud Scot will do is to reveal his poverty and rely upon others. The family had managed by this time to purchase a sm...
the morning for Ohio, and see uncle, and ask him xvii
to arrange it. I am sure he can." This was done. Of course her visit was successful—where did she ever fail ? The money was procured, paid over ; ten shares of Adams Express Company stock was mine ; but no one knew our little home had been mortgaged " to give our boy a start."
dends of one per cent., and the first check for five dollars arrived. I can see it now, and I well re- member the signature of " J. C. Babcock, Cashier," who wrote a big " John Hancock " hand. The next day being Sunday, we boys—myself and my ever-constant companions—took our usual Sunday afternoon stroll in the country, and sitting down in the wood...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
good counts for less and less. Success in business is held by the same tenure, nowadays, as the Pre- miership of Britain — at the cost of a perpetual challenge to all comers. The fond parent who in- vests his son with imaginary business qualifica- tions, and places him in charge of affairs — upon the successful management of which the incomes of th...
The Gospel of Wealth (1889) Andrew Carnegie The problem of our age is the administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. The conditions of human life have not only been changed, but revolutionized, within the past few hundred years. In former days
Aug 15, 2011 · The core of this manifesto is that those who have earned great wealth (not those who inheritted it) are extraordinary specimens amongst the population - the most qualified to administer that wealth.
Nov 1, 2003 · 79 downloads in the last 30 days. Project Gutenberg eBooks are always free! Free kindle book and epub digitized and proofread by volunteers.
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Aug 21, 2007 · The Gospel of Wealth and other timely essays : Carnegie, Andrew, 1835-1919 : Free Download, Borrow, and Streaming : Internet Archive.
