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The richest man in the world wanted to be a Librarian
This individual was the richest and greatest Scotsman that ever lived. No wiser or nobler act was never performed, than when he opened the doors of knowledge to millions of people in all English speaking countries.
If prompted, there was the most competent, generous, original and independent person in the world? You could not find anyone who fits that description better.
He would have been the richest person in the world if he had not so much of his fortune away.
"If I had my life to live again, I'd prefer to be a librarian, "he said.
Who was this 20th Century giant?
The answer is obviously, "Andrew Carnegie."
In 1889 wrote he, "The Gospel of Wealth". In this essay, he wrote that wealthy people should live without extravagance, provide moderately for their families and consider the rest of their property as additional money they must pay to promote the welfare and happiness of other people.
In his lifetime gave away Carnegie more than 350 million dollars or nearly 90 percent of his property for what he believed the improvement of all humanity.
Throughout his long life, Carnegie's motto was more. He did more, gave away more and did more than any second, with the possible exception of John D. Rockefeller.
Carnegie was born in Dunfermline, Scotland in 1835, where he grew up in a tiny hut. His father was a poor weaver and a disgruntled local labor leader.
When he was 13, lack of work forced the family to move to America. They set sail on a small schooner and made the journey in 49 days.
Carnegie had little or no schooling, but he was an ardent reader. His zeal for books attracted attention from a friendly man named Colonel Anderson, who offered to use his library to the young Scottish boy.
The Carnegie Library there. It developed him from an errand-boy mentality in an extraordinary leader.
At that time he was 17, he had taught himself telegraphy. One day the operators were missing an important message came in. He jumped up and took it. This was against the rules, but earned him a promotion to an operator with a salary of $ 6 a week.
Two years later, he jumped up again and clean up railway accidents. This was also against the rules. Yet he got a promotion, this time as secretary to a railway manager.
Andrew saved his money and bought shares in all companies. For ten years he was a clerk and an assistant to the head of the railroad.
He was full of initiative. While others debated, he acted. When the Prince of Wales visited Pittsburgh, for example, young Carnegie stepped forward and said to Prince, Will You "as a ride on the train engine?" So did the future King of England and the future king of Steel a great trip together in the cab with the train engineer.
At 27, Carnegie made his first $ 1,000 in an oil venture. So When he was 29, he bought a one sixth interest in a small iron company for $ 9,000. It was a wretched little iron company, wobbled around on the verge of bankruptcy.
The other shareholders lost hope, so Carnegie bought them out. He hung on. "What we need," he said, "is more business." Fast, abandoned his railroad job was a sales representative for his company and sold products of iron.
Carnegie got large orders at better prices. He put in more machines. He worked like a demon. Very soon he became what most of us would call rich. He was not satisfied. You see he always wanted more.
At 31, he visited England and then a steel railroad Derby. At Sheffield, he saw a Bessemer converter for the first time. It fascinated him. Carnegie rushed back to America and began to build its steel business. He borrowed from everyone he knew, and put everything he had on steel.
By 1881, the Carnegie Steel Company's largest steel maker in the world. It had 45,000 employees.
By 1889, he was willing to sell out, and offered his business to his partners for $ 155 million. They were not quick enough to act Carneigie, so he offered his company to John D. Rockefeller for $ 250,000,000.
Rockefeller said: "Too much." Carnegie then began a selling campaign. Once again, his motto was "more."
Carnegie declared war against his competitors, before they decided to buy him out in 1900 at any cost. They paid him $ 450,000,000 in bonds and shares for his company.
At one time, he became the richest man in the world. He had a pension 15 million dollars a year. "Hurrah," he said, "I am out of the market."
Generally, his policies as a businessman were as follows:
1st Encourage mass production.
2nd Using only the latest and best machinery.
3rd Concentrate on "Putting all your eggs in one basket," he said, "And see that curve."
4th Avoid details. He led the company from a distance.
5th He traveled extensively because he believed in to maintain contact with outside influences.
6th Insist on daily reports from all leaders.
7th Give managers of small salaries and big commissions paid in stock.
8th Reinvest profits in your business.
9th Has good wages, high profits and low costs. He distinguished himself at To achieve this aim.
Considered by many to be the father of American philanthropy, Andrew Carnegie spent much of his adult life assembling a large fortune. In an age of 65, he sold his company and devoted the rest of his life to give almost all his money away.
In his philanthropy, including Carnegie always had one solid, contributing to the person trying to help themselves. He did not believe in charity, in the ordinary sense.
One of Carnegie's lifelong interests was the establishment of free public libraries as a way to make education available to everyone.
There were few public libraries in the world when Carnegie began promising a library for almost any city that would provide a site and promises to maintain the building. He won more than 56 million U.S. dollars to build 2,509 libraries throughout the world, and many of who are still serving their communities today.
He built libraries so that people could improve themselves by reading books, which he did.
Who has not visited a Carnegie Library?
Who has not heard of Carnegie Hall?
Who has not heard of Carnegie Mellon University?
Carnegie only extravagance was traveling, but he considered the trip as crucial for business. He had simple tastes and was a very small man, only five feet four inches tall.
Carnegie considered activity as a game, one that you played to win. He never let his money champion him, though, as most of us would.
He was a boy hearts of man, always dedicated, enthusiastic and quick to act. His brain was always bubbling over with new ideas for improving the human race.
Carnegie was indifferent to his appearance and detested pressed clothing and fashionable society. He avoided all communities for the rich.
Steel, libraries, peace and democracy were his hobbies. He liked science and enjoyed music also as shown by Carnegie Hall.
Books were his passion. When he said, "If I had my life to live again, I'd prefer to be a librarian. "
He married when he was 52nd His wife, Louise, devoted themselves to household and later to their philanthropy. Always a businessman, signed Carnegie and his wife, a marriage arrangement agreement when they married.
They had a daughter who, at 22, married with a young American railway manager. Carnegie would have been heartbroken if she had married into society.
Carnegie was a good employer and was always first to raise salaries. He do not save by cutting pay of employees. Instead, he improved machinery.
One of the most difficult episodes Andrew Carnegie's life was the one who revealed steel magnate's conflicting beliefs regarding the rights of labor. This involved a bitter labor dispute in 1892 at his steel mill in Homestead, Pennsylvania. Carnegie's commitment to the EU-busting action left many men dead or wounded and tarnished Carnegie's reputation as a benevolent employer and a champion of labor.
He made tons of money, but it was all clean money. He made no poorer. He has earned it as a charge of leadership. When he was born, steel was 25 cents a pound. He reduced it to one-and-a-half cents.
Carneigie was a true capitalist, and his career was a complete response to the growing Bolshevism that day. He robbed no one raised salaries and made work easier. He created jobs and lowered prices. He built a great trade for the benefit of the whole world.
This saga all began in a small cottage in Dunfermline, Scotland, where he was born November 25, 1835. Such is the epic life of Andrew Carnegie, the greatest of all industrial Scots. He was 84 when he died in 1919.
Copyright 2007 by Robert L. Bergeth
About the Author
Bob Bergeth currently consults with and leads hundreds of home-based entrepreneurs. His specialty is recruiting, training, motivating and leading. He has a Ph.D. and is President of International Mergers & Acquisitions. He publishes a popular newsletter, The Freedom Express: An Insiders Analysis of Home-based Businesses. Contact Bob at
Wealth Building 101 or http://www.mymangosteen.com/dream/
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