Andrew Carnegie was born on November 25, 1835 in the attic of a small one-story house in Dunfermline, Scotland. His father was a damask weaver, linen woven so there is a pattern produced by the different directions of the thread, without contrast of color. With the invention of the power loom the Carnegie family was faced with poverty and decided to take a voyage to America for a new start. "The looms were sold, an extra twenty pounds was borrowed to finance the steerage passage, and the classic Alger-like saga of immigrant boy to industrial monarch was begun (McCloskey 140)."

Upon arriving in America the Carnegie family went to Allegheny, Pennsylvania in which a relative gave them a single room to live rent free. The thought of education was none

Thomas A. Scott, a great name in Railroad history, hired Carnegie as his personal telegrapher to assist him in dispatching trains over the western division's mountainous main line (Livesay 36). Fate had placed another opportunity in his path. "One day an accident tied up the entire division while the superintendent, Thomas A. Scott, was out on the line and beyond reach for hours. Carnegie, on his own initiative, made the wires sizzle with orders signed, T.A.S. He set every train in motion and kept them moving. It was all contrary to strict rules, but Carnegie from that day on practically ran the entire division (Parker 131)." Aware of Carnegie's business sense Scott informed him of a rare investment opportunity, ten shares of Adams Express stock opened up. Each share costed sixty dollars and Scott offered to advance him one hundred dollars if he could come up with five hundred dollars. In order to come up with the money Carnegie's mother mortgaged the house. At age twenty-one he received a check for ten dollars which was his first return from invested capitol (Parker 132). Not to long after Carnegie was given the job of general superintendent.

A proposition was made for Carnegie to sell his business to Charlie Schwab, Elbert H. Gary, and J. Pierpont Morgan for $490,000,000, which he excepted. About $300,000,000 was in bonds kept for himself, $100,000,000 in preferred stock and $90,000,000 in common stock he turned over to his partners. "When the man of dies leaving behind him available wealth that was free to him to administer during life, will pass away unwept, unhonored and unsung, no matter what use he leaves the dress that he cannot take away with him. Of such the public verdict will be: the man who dies thus rich, dies disgraced (Husband 101)." Carnegie did not want to die in disgrace donated $5,000,000 to the men of his

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Approximate Word count = 1252
Approximate Pages = 5 (250 words per page double spaced)