Career · Entrepreneur memoirs

Andrew Carnegie:Autobiography of Andrew Carnegie, Additional Excerpt 242

Andrew Carnegie《Autobiography of Andrew Carnegie》· Autobiography of Andrew Carnegie · Leadership

The negotiations concerning two and a half millions of bonds for the construction of the Omaha Bridge were successful, and as these bonds had been purchased by persons connected with the Union Pacific before I had anything to do with the company, it was for them and not for the Union Pacific Company that the negotiations were conducted. This was not explained to me by the director who talked with me before I left for London. Unfortunately, when I returned to New York I found that the entire proceeds of the bonds, including my profit, had been appropriated by the parties to pay their own debts, and I was thus beaten out of a handsome sum, and had to credit to profit and loss my expenses and time. I had never before been cheated and found it out so positively and so clearly. I saw that I was still young and had a good deal to learn. Many men can be trusted, but a few need watching.

Source: https://www.gutenberg.org/ebooks/17976
Locator:Additional excerpt 242 · Verified:2026-10-19 · Verification:Short excerpt

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