One night one of the main buildings of Wooster University burned to the ground. Two days later, Louis E. Holden, young President of the University, went to see Andrew Carnegie.
Coming immediately to the point, Louis Holden said: “Mr. Carnegie, you are a busy man, and so am I. I won’t take more than five minutes of your time. The main building of Wooster University burned down the night before last, and I want you to give $100,000 for a new one.”
Carnegie said: “Young man, I don’t believe in giving money to colleges.”
Holden replied: “But you believe in helping young men, don’t you? I am a young man, Mr. Carnegie, and I am in an awful hole. I have gone into the business of manufacturing college men from raw material, and now the best part of my plant is gone. You know how you would feel if one of your big steel mills was destroyed, right in the busy season.”
Carnegie: “Young man, raise $100,000 in thirty days, and I will give you another hundred.”
Holden: “Make it sixty days and I will go you.”
Carnegie: “Done.”
Picking up his hat, Dr. Holden started for the door. Mr. Carnegie called after him. “Now remember, it’s sixty days only.”
“All right, sir, I understand,” answered Holden.
Louis Holden’s interview had taken just about four minutes. Within fifty days he raised $100,000.
When handing over his check, Andrew Carnegie said, laughing, “Young man, if you ever come to see me again, don’t stay so long. Your call cost me just $25,000 a minute.”
Louis Holden had shot straight for the bull’s-eye. He knew one of the tenderest spots in Mr. Carnegie’s heart was for ambitious young men.
["How I Raised Myself From Failure to Success in Selling" by Frank Bettger]
