Category Archives: Andrew Carnegie

Put All Your Eggs in One Basket, and Then Watch That Basket

Mark Twain? Andrew Carnegie? Anonymous?

Dear Quote Investigator: Proverbial wisdom tells us never to put all our eggs in one basket, but a humorous inversion of that advice has been ascribed to the renowned humorist Mark Twain and the business titan Andrew Carnegie. Who should receive credit?

Quote Investigator: On June 23, 1885 Andrew Carnegie addressed the students of Curry Commercial College of Pittsburgh, Pennsylvania. He gave pungent advice to the learners which included a repudiation of the traditional adage about baskets and eggs. Emphasis added to excerpts by QI: 1

The concerns which fail are those which have scattered their capital, which means that they have scattered their brains also. They have investments in this, or that, or the other, here, there and everywhere. “Don’t put all your eggs in one basket” is all wrong. I tell you “put all your eggs in one basket, and then watch that basket.” Look round you and take notice; men who do that do not often fail. It is easy to watch and carry the one basket. It is trying to carry too many baskets that breaks most eggs in this country. He who carries three baskets must put one on his head, which is apt to tumble and trip him up. One fault of the American business man is lack of concentration.

The text above was from a collection of speeches and essays published by Carnegie in 1902. The date and location of the speech were specified in the book. Contemporaneous news accounts also mentioned the event. For example, on August 19, 1885 “The Yonkers Statesman” of Yonkers, New York described the talk under the title “Success in Business”. The phrasing varied: “I tell you” versus “We tell you”, but the adage was identical: 2

“Don’t put all your eggs in one basket” is all wrong. We tell you “put all your eggs in one basket, and then watch that basket.”

Mark Twain heard about Carnegie’s remark, and he was intrigued enough to record it in one of his notebooks. Later, he employed the reversed adage as a chapter epigraph in his tale titled “Pudd’nhead Wilson”. Below are additional selected citations in chronological order including detailed citations for Twain. Continue reading

Notes:

  1. 1902, The Empire of Business by Andrew Carnegie, The Road to Business Success: A Talk to Young Men, (From an address to Students of the Curry Commercial College, Pittsburg, June 23, 1885), Start Page 3, Quote page 17, Doubleday, Page & Company, New York. (HathiTrust) link
  2. 1885 August 19, The Yonkers Statesman, Success in Business, Quote Page 2, Column 1, Yonkers, New York. (Old Fulton)

War Does Not Determine Who Is Right — Only Who Is Left

Bertrand Russell? Frank P. Hobgood? Jessie Woodrow Wilson Sayre? Reader’s Digest? Montreal Star? Andrew Carnegie? Winston Churchill? Anonymous?

war08Dear Quote Investigator: A piquant slogan has been used by pacifists and peace activists for decades. Here are two variants:

War does not determine who is right — only who is left.
The atom bomb will never determine who is right — only who is left.

The first saying is often attributed to the philosopher and social thinker Bertrand Russell, but I have never seen a precise reference to support this connection. Would you please examine this expression?

Quote Investigator: QI has found no substantive evidence that Bertrand Russell wrote or spoke this adage.

The earliest citation located by QI was printed in “The Reader’s Digest” issue of February 1932. However, magazines such as “The Reader’s Digest” were released one or two weeks before their cover date. Hence, the February issue was actually released in January 1932. The saying was accompanied with an acknowledgement to a Canadian newspaper: 1

War does not determine who is right — only who is left. — Montreal Star.

QI has been unable to access the archives of “The Montreal Star” which shut down in 1979. It is possible that the old newspaper pages have not yet been digitized. Some future researcher may find the phrase in the paper and determine who employed it.

On February 24, 1932 a military man named Col. Frank P. Hobgood delivered a speech at a meeting of a popular service organization, and he employed an instance of the saying. This occurred about a month after the appearance in “The Reader’s Digest”. Boldface has been added to excerpts: 2

“The next war will not decide who is right but who is left,” Col. Frank P. Hobgood declared in a stirring appeal for disarmament before approximately 250 Rotarians and Rotary Anns assembled in a combined Rotary inter-city meeting and birthday party at the ballroom of the King Cotton hotel last night.

Currently, Hobgood is the first named individual who has been linked to the adage. But the expression was already in circulation before he delivered his talk. Thanks to top researcher Barry Popik who identified the citation immediately above and other valuable citations.

Here are additional selected citations in chronological order.

Continue reading

Notes:

  1. 1932 February, Reader’s Digest, Volume 20, Patter, Start Page 107, Quote Page 108, Column 2, The Reader’s Digest Association, Pleasantville, New York. (Verified on paper)
  2. 1932 February 24, Greensboro Daily News, Horrors of Next War Pictured By Hobgood In Talks to Rotarians, Quote Page 16, Column 1, Greensboro, North Carolina. (GenealogyBank)