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Carnegie’s Pension Fund for Ex-Presidents

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Pacific Press Publishing Association · Mountain View, California · Dec 24, 1912

FromSigns of the Times, Vol. 39, No. 50.

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Carnegie’s Pension Fund for Ex-Presidents

Mr. Andrew Carnegie is finding another avenue by which he can use his wealth, and that is to set aside $125,000,000 of it as a fund for pensioning ex-presidents. The proposal is to give each ex-president, if he will receive it, without asking, $25,000 a year during his life. This will be paid from the accrued interest on the fund.