As early as 1868, at age 33, he drafted a memo to himself. He wrote: "...The amassing of wealth is one of the worse species of idolatry. No idol more debasing than the worship of money." In order to avoid degrading himself, he wrote in the same memo he would retire at age 35 to pursue the practice of philanthropic giving for "... the man who dies thus rich dies disgraced." However, he did not begin his philanthropic work in all earnest until 1881, at age 46, with the gift of a library to his hometown of Dunfermline, Scotland.