The Duty of the Wealthy
HEN Andrew Carnegie sold his business interests to the United States Steel Corporation in 1901, he retired at the age of 66, and found himself in the embarrassing position of having £50,000,000 to his credit! It was then he faced the most difficult task of his career-hé made up his mind that he
would die a poor man! He was the author of four books, and in one of them he summed up his theory of wealth in the following sentence: " This, then, I hold to be the duty of the man of wealth -namely, to set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the wants of those dependent upon him; and, after doing so, to con-
sider all surplus revenues which come to him simply as trust funds which he is called upon to administer, the man of wealth thus becoming the mere trustee or agent for his poorer brethren."-(" Andrew Carnegie," A. J. Sinclair, 1ZM, September 21.)
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/periodicals/NZLIST19411003.2.13.1
Bibliographic details
Ngā taipitopito pukapuka
New Zealand Listener, Volume 5, Issue 119, 3 October 1941, Page 5
Word count
Tapeke kupu
171The Duty of the Wealthy New Zealand Listener, Volume 5, Issue 119, 3 October 1941, Page 5
Using this item
Te whakamahi i tēnei tūemi
Material in this publication is protected by copyright.
Are Media Limited has granted permission to the National Library of New Zealand Te Puna Mātauranga o Aotearoa to develop and maintain this content online. You can search, browse, print and download for research and personal study only. Permission must be obtained from Are Media Limited for any other use.
Copyright in the work University Entrance by Janet Frame (credited as J.F., 22 March 1946, page 18), is owned by the Janet Frame Literary Trust. The National Library has been granted permission to digitise this article and make it available online as part of this digitised version of the New Zealand Listener. You can search, browse, and print this article for research and personal study only. Permission must be obtained from the Janet Frame Literary Trust for any other use.
Copyright in the Denis Glover serial Hot Water Sailor published in 1959 is owned by Pia Glover. The National Library has been granted permission to digitise this serial and make it available online as part of this digitised version of the Listener. You can search, browse, and print this serial for research and personal study only. Permission must be obtained from Pia Glover for any other use.
Log in