Carnegie Estate (Cumberland Island, Ga.)

From 1886, when Thomas Morrison Carnegie, Sr., died until 1901, when Carnegie Brothers, Ltd., later the Carnegie Steel Company, was sold to J.P. Morgan's syndicate, Lucy C. Carnegie enjoyed both a limited and a privileged status with the company, under the guidance of financier Andrew Carnegie. As a member of the Carnegie inner circle, she signed over her stock on their terms and was repaid on an annual schedule with interest. In addition, she retained a small percentage of company stock and as a stockholder continued to have her accounts handled by their staff, in particular James J. Campbell, the bookkeeper, freeing her to spend undisturbed months on Cumberland Island, on the Massachusetts coast, in New York City, or abroad. Her income had limits, but they were very liberal.

From the description of Lucy Coleman Carnegie and the Carnegie Steel Company records, 1871-1907 (bulk 1884-1905). (Georgia Department of Archives and History Library). WorldCat record id: 145567435