Durango semi-weekly herald., 1901-10-07


quarters in Stockholm with life pos
tions and pensions when they retir
from active work, but they receiy
what Americans would consider in
significant compensation for the valu
able services which they perform
Their salaries are only So 900 a year
the salary of Mr. Bostrom. the gen
eral director, is $4,000; the salary o
the cashier is Sl,500 and the compen
s1Lion OF Che specialists, who are ex
pected to devote their lives to carry
ing out Mr.. Nobels scheme. Is cores
pondingly low They compare quit,
favorably in amount. though viii
| the compensation paid by the gov
| ernment OF Sweden and corporations
in this country. which is not more
than one-tifth as much as would be eN
macted in similar positions in the
United States.
| The most profitable of MIR. Nobel
| Investments were stock in South Afri
can gold mines, the oil works at Ba
ku and his manufactures of smoke
less powder and other explosives ir
various parts of Europe. But they
have all been sold, and the proceeds
which amounted to 100000 kroner
| tabout $S,600,000), have been rein
vested in longtime. low-interest ma
tional bonds of Sweden. Norway. Ger.
| many England. Russia and other Eu
ropean countries, which will bring an
annual interest of about S35O,OO0.
From this amount will be deducted
sufficient sum TO pay the general
expenses of the foundation. The re-
mainder will be divided into five equal
parts. which will be allotted to the
FIVE different institutes that have been
established under the will
Mr.. Nobel entrusted the award of
he peace prize to the parliament of
Norway. because that body has al
promotion of international congress
IS and other movement for the SET
lement of International controvers-
les by arbitration. The storthing is
lot to elect the prize man, but is to
lppolnt committee of five persons
who may belong to its own number
or may be foreigners or occupy any
station in life that will qualify them
70 perform this delicate duty. The
storthing meets in October. when the
committee must he selected. and will
lave 10 act promptly Their decis-
sion must be announced upon the 10th
pf December. the fifth anniversary Of
Mr. Nobel's death.
There is little difference of opinion
in the speculation as to the award
The names of dozen or more gentle
men have been submitted. with arg,I-
nen,s to sustain their slams. Fred
ericlS Hollis. of New York City. who
vas secretary of the United States
delegation to the peace conference at
The Hague, has been mentioned. and
is said TO have made IA visit to Europe
in his own behalf but, while every
hing is supposed to be secret. 1t is
he popular impression that Frederick
Passy, of Paris, the founder and gen
eral secretary of the Universal Peace
Congress. the International Peace
League and the International Interpar-
iiamentary Union. will be recognized
because of his long and distinguished
services to mankind Mr.. Passy is
now very old man. and blind. Since
lie was 25 years of age he has devot-
ed his time and his talents to convinc-
ing people and nations of the wick
edness and the folly OF war He sug
gested, organized and presided oTer
the first international gathering for
promoting the cause of arbitration
and no other man has done SO much
or worked so long to promote that
principle. Nominations for this
prize. however, may be made by the
legislative body of any country. by
The International Bar Association by
the faculties of law colleges and pro
fessors of history, philosophy and
political science in established uni
versities. and by any society organiz-
ed for the purpose of promoting peace
and good will among men.
All of the contests are open to for
cigners. Mr.. Nobel expressly states
in his will that Il declare it to be my
express desire that in the awarding
Of prizes no consideration whatever
be paid to the nationality of the can
ddates, and the most deserving shall
receive the prizes. whether of Scan
Ginavian origin or not"
The prize for the besr literary COM
position is to be awarded by the
Swedish Academy, composed of is
supreme court, Two bishops of the i4u
theran church. the chief librarian Of
the royal library. the present and FOR,
mer custodian of the royal archives,
and the chaucellors Of the two royal
universities and several scholars If
fame and literary men Of fame. Bar
on Adolf Erik Nordenskiold. the lrc-
tic explorer who was professor in
the University of Upsala and one of
the most famous members of the &C
ademy, died only few years tgo,
and another vacancy was caused 10y
the death of Il former member OF the
cabinet, so that the decision will lie
made by the surviving l6 members.
Under a special decree of the King
the terms of Mr.. Nobel's will were
modified so that in awarding the
prizes the first time the judges are not
r., lao limited In literary WOrls inyen.