Advertisement

Carnegie declares Ford profit-sharing means new industrial era

NEW YORK, Jan. 6, 1914 (UP) -- Reiterating his famous declaration that he would consider it a disgrace to die without distributing his millions, Andrew Carnegie, in an interview with the United Press today asserted the Ford profit-sharing plan forecasts a new industrial era and one of more equal distribution of wealth.

"Millionaires are more and more realizing that surplus wealth is but a trust to be administered for the good of their fellows," said the little "ironmaster" at his

Advertisement

Fifth-av mansion this afternoon. "I congratulate Mr. Ford upon making such a record. He is a genius, and this splendid gift to his employees foretells the coming of the day when the distribution of wealth will be far more equal than it ever has been.

"When the 'gospel of wealth' was published, I proclaimed that the man who died leaving vast wealth behind him, which was not free for distribution, would die disgraced.

"I presume the Ford company is composed of stockholders. Therefore we must credit all of them with the step in advance, but no doubt Mr. Ford is the leader.

"May others be moved to follow the example."

Latest Headlines

Advertisement
Advertisement

Follow Us

Advertisement