The New Zealand Railways Magazine, Volume 4, Issue 7 (November 1, 1929)
Friend of his Fellow Men
Friend of his Fellow Men.
Who was it said that the cleverest man that ever lived was the fellow who invented interest? Our Jewish friends say that this genius was a Scot, and the Scot says he was a Jew. At any rate it was a wonderful discovery. Seventeen years ago Mr. T. G. Macarthy, a wealthy business man, of Wellington, left in his will a sum of about £200,000, the income from which was to be devoted to educational and charitable institutions in Wellington provincial district. To date a total sum of £138,527, the business profits and accrued interest, has been distributed amongst various institutions. The amount varies from year to year, but every year a great number of deserving causes receive much-needed gifts. Under skilled management by the Public Trustee, the estate of this benefactor remains in perpetuity, a monument to the generosity and far-sightedness of a man who all his life was a kind-hearted friend of all in need.