CARNEGIE'S PHILANTHROPY.
It must be an immense source of satisfaction to a, man to be able, without any stivess upon himself or injustice to his family, to give lavishly in un-"oo I stinted millions for any philanthropic purpose which commends" itself to him. Among all mankind Andrew Carnegie stands forth pre-eminent in such giv- \ ins:. His new endowment of $23,000,- : 000 to the Carnegie Corporation puts his public gifts up to the tremendous amount of $215,000,000. This nev^ corporation is organized under a' charter granted by -the Xew York
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Legislature last June "to promote the advancement and diffusion of knowledge and understanding among the people of the United States."
It is the purpose of Mr. Carnegie to have this corporation attend to the library gifts and educational philanthropies which he has heretofore attended to himself. The income from the benefaction will be $1,500,000 a year, counted on the basis of the U. 8. Steel Corporation's six per cent bonds. This money will be available, doubtless, in the discretion of the trustees, for the reinforcement of certain other benefactions of Mr. Carnegie, as the income from his teachers' fund of $20,000,000, and his educational gifts in various directions.
It is a splendid benefaction, and doubtless it will be handled in the same spirit of magnificent devotion to the public service which 'prompted, the giver-in founding the corporation. This country should be largely the better for this and other gifts, of Mr. Carnegie, and the world is certainly in his debt, to a very large degree for his philanthropies in many directions.
IT IS MINORlirf^fuLE.
The result of the election on the proposed constitutional amendment*
