Misplaced Pages

Denver Central Library

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

The Denver Central Library is the flagship building of the Denver Public Library System. It is located within Downtown Denver's Golden Triangle neighborhood and sits on the south side of Colorado's 16th Street Mall , adjacent to the Denver Art Museum . The postmodern building was designed by architect Michael Graves . Commissioned in 1990 and completed in 1995, it is one of the largest libraries in the United States and receives more than one million visitors each year. It was the venue of the 23rd G8 Summit in 1997.

#954045

75-543: In 1910, the first central library building was opened in Denver. The building took the form of a Greek temple and was located in Civic Center Park. The $ 430,000 project had been funded by Scottish-American philanthropist Andrew Carnegie and would serve as the main branch library in Denver for over forty years. In 1956, Denver commissioned a new building with the help of Burnam Hoyt . This new building provided more than double

150-485: A " self-made man " in both his economic development and his intellectual and cultural development. He was so grateful to Colonel Anderson for the use of his library that he "resolved, if ever wealth came to me, [to see to it] that other poor boys might receive opportunities similar to those for which we were indebted to the nobleman". His capacity, his willingness for hard work, his perseverance, and his alertness soon brought him opportunities. Starting in 1853, when Carnegie

225-538: A $ 600 mortgage on the family's $ 700 home, but the opportunity was available only because of Carnegie's close relationship with Scott. A few years later, he received a few shares in Theodore Tuttle Woodruff 's sleeping car company as a reward for holding shares that Woodruff had given to Scott and Thomson, as a payoff. Reinvesting his returns in such inside investments in railroad-related industries (iron, bridges, and rails ), Carnegie slowly accumulated capital,

300-698: A bond salesman, raising money for American enterprise in Europe. He built Pittsburgh's Carnegie Steel Company , which he sold to J. P. Morgan in 1901 for $ 303,450,000 (equal to $ 11,113,550,000 today); it formed the basis of the U.S. Steel Corporation . After selling Carnegie Steel, he surpassed John D. Rockefeller as the richest American of the time. Carnegie devoted the remainder of his life to large-scale philanthropy, with special emphasis on building local libraries , working for world peace, education, and scientific research. He funded Carnegie Hall in New York City,

375-532: A natural watercourse on the site. The idea of the palace started from a discussion in 1900 between the Russian diplomat Friedrich Martens and American diplomat White over providing a home for the Permanent Court of Arbitration (PCA). White contacted Andrew Carnegie . Carnegie had reservations, and at first was only interested in donating money for the establishment of a library of international law. White, however,

450-483: A philanthropist. From 1901 forward, public attention was turned from the shrewd business acumen which had enabled Carnegie to accumulate such a fortune, to the public-spirited way in which he devoted himself to using it on philanthropic projects. He had written about his views on social subjects and the responsibilities of great wealth in Triumphant Democracy (1886) and Gospel of Wealth (1889). Carnegie devoted

525-472: A point of naming it after Thomson. As well as having good business sense, Carnegie possessed charm and literary knowledge. He was invited to many important social functions, which Carnegie exploited to his advantage. Carnegie, through Keystone, supplied the steel for and owned shares in the landmark Eads Bridge project across the Mississippi River at St. Louis , Missouri (completed 1874). This project

600-512: A public library; in 1886, he gave $ 250,000 to Allegheny City, Pennsylvania , for a music hall and library; and he gave $ 250,000 to Edinburgh for a free library. In total, Carnegie funded some 3,000 libraries, located in 47 U.S. states, and also in Canada, Britain, Ireland, Belgium, Serbia, France, Australia, New Zealand, South Africa, the West Indies , and Fiji . He also donated £50,000 to help set up

675-675: A regular contributor to numerous magazines, most notably The Nineteenth Century , under the editorship of James Knowles , and the influential North American Review , led by the editor Lloyd Bryce . In 1889, Carnegie published "Wealth" in the June issue of the North American Review . After reading it, Gladstone requested its publication in Britain, where it appeared as "The Gospel of Wealth" in The Pall Mall Gazette . Carnegie argued that

750-590: A special vault was built to house the physical bulk of nearly $ 230 million worth of bonds. Carnegie continued his business career; some of his literary intentions were fulfilled. He befriended the English poet Matthew Arnold , the English philosopher Herbert Spencer , and the American humorist Mark Twain , as well as being in correspondence and acquaintance with most of the U.S. Presidents , statesmen, and notable writers. Carnegie constructed commodious swimming-baths for

825-588: A steel rolling mill , and steel production and control of industry became the source of his fortune. Carnegie had some investments in the iron industry before the war. After the war, Carnegie left the railroads to devote his energies to the ironworks trade. Carnegie worked to develop several ironworks, eventually forming the Keystone Bridge Works and the Union Ironworks, in Pittsburgh. Although he had left

SECTION 10

#1732859257955

900-547: A substantial breadwinner. But Carnegie attracted the attention of John Hay, a Scottish manufacturer of bobbins, who offered him a job for $ 2.00 per week ($ 70 by 2023 inflation). In his autobiography, Carnegie writes about the hardships he had to endure with this new job: Soon after this Mr. John Hay, a fellow Scotch manufacturer of bobbins in Allegheny City, needed a boy, and asked whether I would not go into his service. I went, and received two dollars per week; but at first

975-521: A success and a source of profit for Woodruff and Carnegie. The young Carnegie continued to work for Pennsylvania's Tom Scott and introduced several improvements in the service. In the spring of 1861, Carnegie was appointed by Scott, who was now Assistant Secretary of War in charge of military transportation, as Superintendent of the Military Railways and the Union Government's telegraph lines in

1050-460: A thorough education, making the acquaintance of literary men. I figure that this will take three years' active work. I shall pay especial attention to speaking in public. We can settle in London and I can purchase a controlling interest in some newspaper or live review and give the general management of it attention, taking part in public matters, especially those connected with education and improvement of

1125-499: A trip to the United Kingdom. They toured Scotland by coach and enjoyed several receptions en route. The highlight was a return to Dunfermline, where Carnegie's mother laid the foundation stone of a Carnegie Library which he funded. Carnegie's criticism of British society did not mean dislike; on the contrary, one of Carnegie's ambitions was to act as a catalyst for a close association between English-speaking peoples. To this end, in

1200-487: A typical weaver's cottage with only one main room. It consisted of half the ground floor, which was shared with the neighboring weaver's family. The main room served as a living room, dining room and bedroom. He was named after his paternal grandfather. William Carnegie had a successful weaving business and owned multiple looms. In 1836, the family moved to a larger house in Edgar Street (opposite Reid's Park), following

1275-605: The Carnegie Institution at Washington, D.C., to encourage research and discovery. He later contributed more to these and other schools. CIT is now known as Carnegie Mellon University after it merged with the Mellon Institute of Industrial Research . Carnegie also served on the Boards of Cornell University and Stevens Institute of Technology . In 1911, Carnegie became a sympathetic benefactor to George Ellery Hale , who

1350-457: The Neo-Renaissance style, was submitted by French architect Louis M. Cordonnier . To build within budget, Cordonnier and his Dutch associate J.A.G. van der Steur adjusted the design. The palace initially had two big bell towers in front and two small ones in the back. Only one big tower and one small tower remained in the final building. Also to save money, the separate library building from

1425-876: The Netherlands . It houses the International Court of Justice (which is the principal judicial body of the United Nations ), the Permanent Court of Arbitration (PCA), The Hague Academy of International Law and the Peace Palace Library . The palace officially opened on 28 August 1913; it was originally built to provide a home for the PCA, a court created to end war by the Hague Convention of 1899 . Andrew Dickson White , whose efforts were instrumental in creating

1500-768: The Peace Palace in The Hague , founded the Carnegie Corporation of New York , Carnegie Endowment for International Peace , Carnegie Institution for Science , Carnegie Trust for the Universities of Scotland , Carnegie Hero Fund , Carnegie Mellon University , and the Carnegie Museums of Pittsburgh , among others. Andrew Carnegie was born to Margaret (Morrison) Carnegie and William Carnegie in Dunfermline , Scotland, in

1575-725: The Philippines . Carnegie strongly opposed the idea of American colonies. He opposed the annexation of the Philippines almost to the point of supporting William Jennings Bryan against McKinley in 1900. In 1898, Carnegie tried to arrange independence for the Philippines. As the conclusion of the Spanish–American War neared, the United States purchased the Philippines from Spain for $ 20 million. To counter what he perceived as American imperialism , Carnegie personally offered $ 20 million to

SECTION 20

#1732859257955

1650-732: The United States Steel Corporation . It was the first corporation in the world with a market capitalization of over $ 1 billion. The buyout, secretly negotiated by Charles M. Schwab (no relation to Charles R. Schwab ), was the largest such industrial takeover in United States history to date. The holdings were incorporated in the United States Steel Corporation, a trust organized by Morgan, and Carnegie retired from business. His steel enterprises were bought out for $ 303,450,000. Carnegie's share of this amounted to $ 225.64 million (in 2023, $ 8.26 billion), which

1725-584: The United States of America and wrought-iron fences from Germany . In 1907, the first stone was symbolically placed during the Second Hague Conference . The construction began some months later and was completed with an inauguration ceremony on 28 August 1913, attended by Andrew Carnegie, among others. At the ceremony, Carnegie predicted that the end of war was "as certain to come, and come soon, as day follows night." In 2007, Queen Beatrix opened

1800-473: The University of Birmingham in 1899. As Van Slyck (1991) showed, during the last years of the 19th century, there was the increasing adoption of the idea that free libraries should be available to the American public. But the design of such libraries was the subject of prolonged and heated debate. On one hand, the library profession called for designs that supported efficiency in administration and operation; on

1875-525: The Columbia Oil Company in Venango County, Pennsylvania . In one year, the firm yielded over $ 1 million in cash dividends, and petroleum from oil wells on the property sold profitably. The demand for iron products, such as armor for gunboats, cannons, and shells, as well as a hundred other industrial products, made Pittsburgh a center of wartime production. Carnegie worked with others in establishing

1950-518: The East. Carnegie helped open the rail lines into Washington D.C. that the rebels had cut; he rode the locomotive pulling the first brigade of Union troops to reach Washington D.C. Following the defeat of Union forces at Bull Run , he personally supervised the transportation of the defeated forces. Under his organization, the telegraph service rendered efficient service to the Union cause and significantly assisted in

2025-610: The General Reference room, which is located on the first floor of the library. The Summit convened in the library's Vida Ellison gallery on the seventh floor for lunch. The 540,000-square-foot (50,000 m) post-modern design takes use of traditional post-modern motifs of abstracted classical forms, colors, and materials from the past. Andrew Carnegie Andrew Carnegie ( English: / k ɑːr ˈ n ɛ ɡ i / kar- NEG -ee , Scots: [kɑrˈnɛːɡi] ; November 25, 1835 – August 11, 1919)

2100-815: The Hartman Steel Works, the Frick Coke Company, and the Scotia ore mines. Carnegie combined his assets and those of his associates in 1892 with the launching of the Carnegie Steel Company . Carnegie's success was also due to his relationship with the railroad industries, which not only relied on steel for track, but were also making money from steel transport. The steel and railroad barons worked closely to negotiate prices instead of allowing free-market competition. Besides Carnegie's market manipulation, United States trade tariffs were also working in favor of

2175-531: The Pennsylvania Railroad Company, he remained connected to its management, namely Thomas A. Scott and J. Edgar Thomson. He used his connection to the two men to acquire contracts for his Keystone Bridge Company and the rails produced by his ironworks . He also gave stock in his businesses to Scott and Thomson, and the Pennsylvania was his best customer. When he built his first steel plant, he made

2250-520: The Pennsylvania Railroad would be vital to his later success. The railroads were the first big businesses in America, and the Pennsylvania was one of the largest. Carnegie learned much about management and cost control during these years, and from Scott in particular. Scott also helped him with his first investments. Many of these were part of the corruption indulged in by Scott and the president of

2325-472: The Pennsylvania Railroad, John Edgar Thomson , which consisted of inside trading in companies with which the railroad did business, or payoffs made by contracting parties "as part of a quid pro quo ". In 1855, Scott made it possible for Carnegie to invest $ 500 in the Adams Express Company , which contracted with the Pennsylvania to carry its messengers. The money was secured by his mother's placing of

Denver Central Library - Misplaced Pages Continue

2400-695: The Philippines so that the Filipino people could purchase their independence from the United States. However, nothing came of the offer. In 1898 Carnegie joined the American Anti-Imperialist League , in opposition to the U.S. annexation of the Philippines. Its membership included former presidents of the United States Grover Cleveland and Benjamin Harrison and literary figures such as Mark Twain . Carnegie spent his last years as

2475-825: The U.S. output of steel exceeded that of the UK, and Carnegie owned a large part of it. Carnegie's empire grew to include the J. Edgar Thomson Steel Works in Braddock (named for John Edgar Thomson , Carnegie's former boss and president of the Pennsylvania Railroad), the Pittsburgh Bessemer Steel Works, the Lucy Furnaces , the Union Iron Mills, the Union Mill (Wilson, Walker & County), the Keystone Bridge Works,

2550-493: The United States in 1848 for the prospect of a better life. They headed to Allegheny, Pennsylvania , where they heard there was a demand for workers. Carnegie's emigration to America was his second journey outside Dunfermline. The first was a family outing to Edinburgh to see Queen Victoria . In September 1848, Carnegie and his family arrived in Allegheny. Carnegie's father struggled to sell his product on his own. Eventually,

2625-461: The United States. When Carnegie was 12, his father had fallen on tough times as a handloom weaver. Making matters worse, the country was in starvation. His mother helped support the family by assisting her brother and by selling potted meats at her "sweetie shop", becoming the primary breadwinner. Struggling to make ends meet, the Carnegies decided to borrow money from George Lauder, Sr. and move to

2700-486: The United States. One of his two great innovations was in the cheap and efficient mass production of steel by adopting and adapting the Bessemer process , which allowed the high carbon content of pig iron to be burnt away in a controlled and rapid way during steel production . Steel prices dropped as a result, and Bessemer steel was rapidly adopted for rails; however, it was not suitable for buildings and bridges. The second

2775-511: The Western Division of the Pennsylvania Railroad. On December 1, 1859, Carnegie officially became superintendent of the Western Division. He hired his sixteen-year-old brother Tom to be his personal secretary and telegraph operator. Carnegie also hired his cousin, Maria Hogan, who became the first female telegraph operator in the country. As superintendent, Carnegie made a salary of $ 1500 a year ($ 51,000 by 2023 inflation). His employment by

2850-501: The amount of space that the original building has provided. However, due to a rapidly increasing population, a bigger structure would be needed to house Denver's growing collection of books. In 1990, Michael Graves answered the call by designing a new library for the burgeoning city. $ 91.6 million was allocated towards the project, which would take five years to build. The new library was keen to adopt new technology and featured 180 computers. In 2015, more than 300,00 images were obtained from

2925-585: The basis for his later success. Throughout his later career, he made use of his close connections to Thomson and Scott, as he established businesses that supplied rails and bridges to the railroad, offering the two men stakes in his enterprises. Before the American Civil War , Carnegie arranged a merger between Woodruff's company and that of George Pullman , the inventor of the sleeping car for first-class travel , which facilitated business travel at distances over 500 miles (800 km). The investment proved

3000-476: The court, secured from Scottish-American steel magnate Andrew Carnegie US$ 1.5 million ($ 50,000,000, adjusted for inflation) to build the Peace Palace. The European Heritage Label was awarded to the Peace Palace on 8 April 2014. In 1908, Thomas Hayton Mawson won a competition to design the grounds. Because of budget constraints, he also had to discard design elements: mountains and sculptures. He made use of

3075-699: The demand for more heavy damask , from which his father benefited. Carnegie was educated at the Free School in Dunfermline, a gift to the town from philanthropist Adam Rolland of Gask. Carnegie's maternal uncle, Scottish political leader George Lauder Sr. , deeply influenced him as a boy by introducing him to Robert Burns ' writings and historical Scottish heroes such as Robert the Bruce , William Wallace , and Rob Roy . Lauder's son, also named George Lauder , grew up with Carnegie and later became his business partner in

Denver Central Library - Misplaced Pages Continue

3150-412: The different sounds the incoming telegraph signals produced. He developed the ability to translate signals by ear, without using the paper slip. Within a year he was promoted to an operator. Carnegie's education and passion for reading were given a boost by Colonel James Anderson , who opened his personal library of 400 volumes to working boys each Saturday night. Carnegie was a consistent borrower and

3225-513: The early 1880s in partnership with Samuel Storey , he purchased numerous newspapers in Britain, all of which were to advocate the abolition of the monarchy and the establishment of "the British Republic". Carnegie's charm, aided by his wealth, afforded him many British friends, including Prime Minister William Ewart Gladstone . In 1886, Carnegie's younger brother Thomas died at age 43. While owning steel works, Carnegie had purchased at low cost

3300-467: The establishment of public libraries throughout the United States, Britain, Canada, New Zealand, and mostly other English-speaking countries was especially prominent. In this special driving interest of his, Carnegie was inspired by meetings with philanthropist Enoch Pratt (1808–1896). The Enoch Pratt Free Library (1886) of Baltimore, Maryland , impressed Carnegie deeply; he said, "Pratt was my guide and inspiration." Carnegie turned over management of

3375-465: The eventual victory. Carnegie later joked that he was "the first casualty of the war" when he gained a scar on his cheek from freeing a trapped telegraph wire. The defeat of the Confederacy required vast supplies of munitions , railroads and telegraph lines to deliver the goods. The war demonstrated how integral the industries were to Union success. In 1864, Carnegie was one of the early investors in

3450-419: The father and son both received job offers at Anchor Cotton Mills, a Scottish-owned facility. Carnegie's first job in 1848 was as a bobbin boy , changing spools of thread in a cotton mill 12 hours a day, 6 days a week in a Pittsburgh cotton factory. His starting wage was $ 1.20 per week ($ 42 by 2023 inflation). His father soon quit his position at the cotton mill, returning to his loom, and was again removed as

3525-422: The library project by 1908 to his staff, led by James Bertram (1874–1934). The first Carnegie Library opened in 1883 in Dunfermline. His method was to provide funds to build and equip the library, but only on the condition that the local authority matched that by providing the land and a budget for operation and maintenance. To secure local interest, in 1885, he gave $ 500,000 to Pittsburgh, Pennsylvania , for

3600-527: The life of a wealthy industrialist should comprise two parts. The first part was the gathering and the accumulation of wealth. The second part was for the subsequent distribution of this wealth to benevolent causes. Philanthropy was key to making life worthwhile. Carnegie was a well-regarded writer. He published three books on travel. In the aftermath of the Spanish–American War , the United States seemed poised to annex Cuba , Guam , Puerto Rico and

3675-505: The minds of men would turn naturally and normally. The main difficulty now is that the people of the various nations do not really know what was done for them by the Conference; but such a building would make them know it. It would be an "outward and visible sign" of the Court, which would make its actual, tangible existence known to the ends of the earth" At first Carnegie simply wanted to donate

3750-669: The money directly to the Dutch Queen Wilhelmina of the Netherlands for the building of the palace, but legal problems prohibited this, and in November 1903 the Carnegie Stichting was founded to manage the construction, ownership, and maintenance of the palace. This foundation is still responsible for these issues. To find a suitable design, the foundation called for an open international competition . The winning design, set in

3825-404: The most valuable of the iron ore fields around Lake Superior . Following his tour of the UK, he wrote about his experiences in a book entitled An American Four-in-hand in Britain . In 1886, Carnegie wrote his most radical work to date, entitled Triumphant Democracy . Liberal in its use of statistics to make its arguments, the book argued his view that the American republican system of government

SECTION 50

#1732859257955

3900-532: The new building for the Peace Palace Library of International Law, housing the entire catalogue of the library, a lecture hall and a new reading room in the bridge to the main building of the Peace Palace. Like the new Academy Hall, the library was designed by architects Michael Wilford and Manuel Schupp  [ de ] . A Visitors Centre was added to the Peace Palace in 2012, which is also designed by Michael Wilford. In 2002, an eternal peace flame

3975-535: The now defunct Rocky Mountain News . In 1997, Denver Central Library was the location of the G8 Summit . Leaders at the summit included Jean Chrétien , Boris Yeltsin , Tony Blair , Romano Prodi , Ryutaro Hashimoto , Jacques Santer , Helmut Kohl , Jacques Chirac , and Wim Kok . The appearance of Russia at the conference was particularly significant as it signaled a shift to a freer Russia. Meetings took place inside of

4050-430: The old land some part of the debt we owe them by revealing more clearly than ever to them the new heavens." The telescope saw first light on November 2, 1917, with Carnegie still alive. Peace Palace The Peace Palace ( Dutch : Vredespaleis [ˈvreːdəspaːˌlɛis] ; The Hague dialect : Freidespalès [ˈfʁeidəspaːˌlɛːs] ) is an international law administrative building in The Hague ,

4125-464: The other, wealthy philanthropists favored buildings that reinforced the paternalistic metaphor and enhanced civic pride. Between 1886 and 1917, Carnegie reformed both library philanthropy and library design, encouraging a closer correspondence between the two. In 1900, Carnegie gave $ 2 million to start the Carnegie Institute of Technology (CIT) at Pittsburgh and the same amount in 1902 to create

4200-544: The people of his hometown in Dunfermline in 1879. In the following year, Carnegie gave £8,000 for the establishment of a Dunfermline Carnegie Library in Scotland. In 1884, he gave $ 50,000 to Bellevue Hospital Medical College (now part of New York University Medical Center ) to create a histological laboratory, now called the Carnegie Laboratory. In 1881, Carnegie took his family, including his 70-year-old mother, on

4275-420: The people that, after many long centuries finally a court that has thrown open its doors for the peaceful settlement of differences between peoples". Were such a fabric to be created, men would make pilgrimages from all parts of the civilized world to see it. It would become a sort of holy place, prized and revered by thinking men throughout the world, and to which, in any danger of war between any two countries,

4350-406: The poorer classes. Man must have no idol and the amassing of wealth is one of the worst species of idolatry ! No idol is more debasing than the worship of money! Whatever I engage in I must push inordinately; therefore should I be careful to choose that life which will be the most elevating in its character. To continue much longer overwhelmed by business cares and with most of my thoughts wholly upon

4425-478: The rest of his life to providing capital for purposes of public interest and social and educational advancement. He saved letters of appreciation from those he helped in a desk drawer labeled "Gratitude and Sweet Words." He provided $ 25,000 a year to the movement for spelling reform . His organization, the Simplified Spelling Board , created the Handbook of Simplified Spelling , which was written wholly in reformed spelling. Among his many philanthropic efforts,

4500-492: The rich to use their wealth to improve society, expressed support for progressive taxation and an estate tax , and stimulated a wave of philanthropy. Carnegie was born in Dunfermline, Scotland . He immigrated to what is now Pittsburgh , Pennsylvania , United States with his parents in 1848 at the age of 12. Carnegie started work as a telegrapher . By the 1860s he had investments in railroads, railroad sleeping cars, bridges, and oil derricks . He accumulated further wealth as

4575-565: The steel industry. Carnegie spent energy and resources lobbying Congress for a continuation of favorable tariffs from which he earned millions of dollars a year. Carnegie tried to keep this information concealed, but legal documents released in 1900, during proceedings with the ex-chairman of Carnegie Steel, Henry Clay Frick , revealed how favorable the tariffs had been. In 1901, Carnegie was 65 years of age and considering retirement. He reformed his enterprises into conventional joint stock corporations as preparation for this. John Pierpont Morgan

SECTION 60

#1732859257955

4650-409: The way to make more money in the shortest time, must degrade me beyond hope of permanent recovery. I will resign business at thirty-five, but during these ensuing two years I wish to spend the afternoons in receiving instruction and in reading systematically! Carnegie made his fortune in the steel industry, controlling the most extensive integrated iron and steel operations ever owned by an individual in

4725-489: The winning design was incorporated into the palace itself. The palace is filled with many gifts of the different nations who attended the Second Hague Conference as a sign of their support. Among the gifts are a 3.2-tonne (3.1-long-ton; 3.5-short-ton) vase from Russia , doors from Belgium , marble from Italy , a fountain from Denmark , wall carpets from Japan , the clock for the clock tower from Switzerland , Persian rugs from Persia , wood from Indonesia , Brazil and

4800-399: The work was even more irksome than the factory. I had to run a small steam-engine and to fire the boiler in the cellar of the bobbin factory. It was too much for me. I found myself night after night, sitting up in bed trying the steam gauges, fearing at one time that the steam was too low and that the workers above would complain that they had not power enough, and at another time that the steam

4875-550: Was a Scottish-American industrialist and philanthropist . Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States, Great Britain, and the British Empire . During the last 18 years of his life, he gave away around $ 350 million ($ 10.9 billion in 2023 dollars ), almost 90 percent of his fortune, to charities, foundations and universities. His 1889 article proclaiming " The Gospel of Wealth " called on

4950-484: Was a banker and America's most important financial deal maker. He had observed how efficiently Carnegie produced profits. He envisioned an integrated steel industry that would cut costs, lower prices to consumers, produce in greater quantities and raise wages to workers. To this end, he needed to buy out Carnegie and several other major producers and integrate them into one company, thereby eliminating duplication and waste. He concluded negotiations on March 2, 1901, and formed

5025-407: Was able to convince Carnegie, and in 1903 Carnegie agreed to donate the US$ 1.5 million ($ 50,000,000, adjusted for inflation) needed to house the court as well as to endow it with a library of international law. White described his idea to Carnegie: "A temple of peace where the doors are open, in contrast to the Janus -temple, in times of peace and closed in cases of war [...] as a worthy testimony of

5100-506: Was an important proof-of-concept for steel technology, which marked the opening of a new steel market. Carnegie believed in using his fortune for others and doing more than making money. In 1868, at age 33, he wrote: I propose to take an income no greater than $ 50,000 per annum! Beyond this I need ever earn, make no effort to increase my fortune, but spend the surplus each year for benevolent purposes! Let us cast aside business forever, except for others. Let us settle in Oxford and I shall get

5175-409: Was around 18 years old, Thomas A. Scott of the Pennsylvania Railroad employed him as a secretary/telegraph operator at a salary of $ 4.00 per week ($ 146 by 2023 inflation). Carnegie accepted the job with the railroad as he saw more prospects for career growth and experience there than with the telegraph company. When Carnegie was 24 years old, Scott asked him if he could handle being superintendent of

5250-475: Was in his vertical integration of all suppliers of raw materials. In 1883, Carnegie bought the rival Homestead Steel Works , which included an extensive plant served by tributary coal and iron fields, a 425-mile-long (684 km) railway, and a line of lake steamships . In the late 1880s, Carnegie Steel was the largest manufacturer of pig iron, steel rails, and coke in the world, with a capacity to produce approximately 2,000 tons of pig iron per day. By 1889,

5325-466: Was installed in front of its gates. The Peace Palace has accommodated a variety of organisations: Other international courts in The Hague, the Iran–United States Claims Tribunal , the International Criminal Tribunal for the former Yugoslavia , and the International Criminal Court , are separate organizations, located elsewhere in The Hague. The palace also features a number of statues, busts and portraits of prominent peace campaigners from around

5400-574: Was paid to him in the form of 5%, 50-year gold bonds. The letter agreeing to sell his share was signed on February 26, 1901. On March 2, the circular formally filed the organization and capitalization (at $ 1.4 billion—4% of the U.S. gross domestic product at the time) of the United States Steel Corporation actually completed the contract. The bonds were to be delivered within two weeks to the Hudson Trust Company of Hoboken, New Jersey , in trust to Robert A. Franks, Carnegie's business secretary. There,

5475-529: Was superior to the British monarchical system. It gave a highly favorable and idealized view of American progress and criticized the British royal family. The cover depicted an upended royal crown and a broken scepter. The book created considerable controversy in the UK. The book made many Americans appreciate their country's economic progress and sold over 40,000 copies, mostly in the U.S. Although actively involved in running his many businesses, Carnegie had become

5550-597: Was too high and that the boiler might burst. In 1849, Carnegie became a telegraph messenger boy in the Pittsburgh Office of the Ohio Telegraph Company, at $ 2.50 per week ($ 92 by 2023 inflation) following the recommendation of his uncle. He was a hard worker and would memorize all of the locations of Pittsburgh's businesses and the faces of important men. He made many connections this way. He also paid close attention to his work and quickly learned to distinguish

5625-435: Was trying to build the 100-inch (2.5 m) Hooker Telescope at Mount Wilson , and donated an additional ten million dollars to the Carnegie Institution with the following suggestion to expedite the construction of the telescope: "I hope the work at Mount Wilson will be vigorously pushed, because I am so anxious to hear the expected results from it. I should like to be satisfied before I depart, that we are going to repay to

#954045