156 CHARLES M. SCHWAB 



to guaranteeing the high interest rate, which is about double 

 the amount allowed by banks, assumes responsibility for the 

 entire running expenses of the fund, giving the services of the 

 accountants and clerks needed to transact the business with- 

 out charge upon the depositors. 



While Mr. Carnegie has done much and promises to do 

 more to enrich the race by giving millions to foster what he 

 considers the best adjunct to the public school in the advance- 

 ment of popular education — the free public library — yet he 

 counts the satisfaction of distributing his wealth as naught 

 compared with the pleasure he has given others in the making 

 of it; for he believes with the philosopher that the highest 

 reward of life's labor is the enjoyment of seeing others benefit 

 by it. That he has been able for so many years to provide the 

 means of livelihood for thousands with good wages and steady 

 employment, helping at the same time to cheapen and extend 

 the use of the principal manufactured product of the country, 

 is to Mr. Carnegie far more reason for gratification than the 

 realization of his best laid plans for disposing of the income. 



