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CARNEGIE, ANDREW. (1835-1919). Scottish-born, American industrialist and philanthropist. CS. (“Andrew Carnegie”). 1p. 12mo (card). N.p., N.d. A Scottish immigrant and self-made millionaire, Carnegie was deeply committed to philanthropy. His 1889 article Wealth set forth his philosophy that one who had amassed a great fortune had an obligation to use it for “the improvement of mankind,” (Encyclopaedia Britannica). Carnegie devoted himself and his fortune to this altruistic pursuit beginning in 1901 when he sold his company, Carnegie Steel, to J. P. Morgan for $250,000,000. In 1904, by an act of Congress, the Carnegie Institution of Washington was incorporated and among Carnegie’s other notable charities were the Carnegie Endowment for Peace, endowed in 1910, and the Carnegie Corporation of New York, the largest of all his foundations, established in 1911 to promote “the advancement and diffusion of knowledge and understanding among the people of the United States” (ibid.). Carnegie’s philanthropic legacy is perhaps most evident in the 2,811 libraries which his fortune helped build around the world. Near fine.

Item #16724

Price: $250