For Rockefeller and Carnegie, Morgan's passing is a reminder-- time is running short and the realization triggers a new contest.
No longer is their competition about who makes more money, now the question is who can give more away. Andrew Carnegie was the first of the big capitalists of this era to be bitten by the philanthropy bug. He decided that he was going to use his wealth to good purpose and he said that a man who dies rich dies disgraced. Andrew Carnegie was not a very popular man among his millionaire friends because he demanded that the millionaire has to give away all of his money. There's nothing wrong with making a lot of money. Making money is fun. I enjoy that very much. But I enjoy giving away money, even more so.