box00005_fld00016_bdl0001_doc0020_00000001.txt; Skibo Castle, Dornoch, Sutherland.
July 8th, 1907.
Dear Mr. Frew,
Yours of June 22nd received. I do not see why it is necessary for you to trouble me here about the shortage in income for this year. It does not trouble you until late in the year.
Besides this, all that you have to do is to take the coupons maturing later to your bank and they will discount them gladly, and you could have talked the matter over with me when we met.
I must object to this sentence, "but this year we surely will be lacking $63,500 of the $200,000 which you promised us to carry on the Institution".
I complied with my promise when I sent you bonds upon the day of opening, bearing interest from that day, which is at the rate of $200,000 per year for the whole year.
You had only nine months to carry on the new Institution.
Very truly yours
Andrew Carnegie
Pres. Wm. N. Frew,
The Carnegie Institute,
Frick Bldg., Pittsburg.
Carnegie Mellon University - Andrew Carnegie Online Archives
