The following questions refer to the excerpt below.
Jany 31/89
5 West Fifty-First Street,New York
My Dear Mr.Hitchcock
Yours rec'd - We must begin at once if Hall is to be ready for next winter.
Please let it be understood between us that if upon my return from the South say February 15th you have not succeeded that we consider the idea given up.We have property in view & quite ready to go on & build the Hall Capital all ready-although we will wait on you until Feby 15??.
If we build it will be much farther up town-not below 56th.Would not build upon Madison Square if we have to invest beyond the last 50,000 ft I agreed to take [illegible].Perhaps if your people leased us ground & agreed that our investment for Hall should bear [crossed out: up to illegible] interest upon cost and first net receipts,before ground rent was payable We might consider it-in that case you would have to clear a part from Mortgage & lease to us: but [illegible] increase your investment.
Yours,Andrew Carnegie
Andrew Carnegie to Hiram Hitchcock on the construction of a new philanthropic venture,
January 31,1889
-Carnegie's actions,as shown in this letter,reflected his belief in

Question

Quizplus · Accepted Answer

Carnegie's reference to "our investment for Hall should bear interest upon cost and first net receipts" reflects his belief in the Gospel of Wealth, which stated that the wealthy had a responsibility to use their wealth for the greater good of society. This idea included investing in philanthropic ventures, such as building a hall for the community. Additionally, his mention of investing in a property and building the hall further uptown suggests a desire to improve and uplift the community through his philanthropy, rather than simply provide charity or handouts.

The Following Questions Refer to the Excerpt Below