New-York tribune., 1902-01-05
MR.. CARNEGIE'S GIFT.
CORPORATION TO ACT AS TRUSTEE OF
THE S10OoGO0O FUND FORMED.

washington, Jan. 4.-Secretary Hay and a
number OF others interested in the Carnegie
nroiect Of national university met at the State
Department to-day and formed a corporation
known as the Carnegie institution. 1t is under
stood that Mr.. Carnegie has removed the OBJ
stacles that existed TO the acceptance of his
S1OOG0Oo0 gift to the cause of education, and
to-day's action was the first step toward giving
legal form and substance to the proposition
Besides Secretary Hay, the incorporators, all
Of whom present at to-days meeting are
Edwin D. White Justice of the Supreme Court:
n c. Gilman, eX-president of Johns Hopkins
University; Charles D. Walcott Superintendent
of the Geological Survey; John s. Billings ex-
surgeon general of the navy. and Carroll d.
Wright. Commissioner of Labor. Marcus Baker
Of the Coast Survey. also was present, not as an
incorporation, but charged with the preparation
Of the articles of incorporation
The meeting lasted about an hour. Those
present were not disposed to discuss the details
Of the project. desiring to allow Mr.. Carnegie
himself &c make the public announcement
The articles Of incorporation of the Carnegie
Institution We're filed with the Recorder of
Deeds in this city to-day. The articles fix the
name and title OF the institution as The Car
negie Institution" and show that it is organized
~for a perpetual term" It's objects are the pro-
motion of study and research, the power TO
acquire. hold and convey real estate and other
property, and to establish general and special
FUNDS; TO assist Investigations in science art;
70 cooperate with governments. universities.
colleges technical schools. learned societies and
individuals; TO appoint committees Of experts
20 direct special lines Of research. publish and
distribute documents, conduct lectures and hold
meetings acquire and maintain a library, and
IN general 10 do and perform all things neceS-
sary to promote the objects OF said institution.
The affairs funds and property of the cor
poration will be in general charge of board OF
trustees, to consist in the first year of twenty
seven and thereafter not 10 exceed thirty mem
hers, except by a three-quarters vote OF the
board.
The preamble OF the articles Of incorporation
is as follows:
citizens 9n of the United states. and majority Of
whom citizens of the District or S c1tt;
o Wasirgfon in the spirit Of Washington, an IN
eIatre and art do hereby associate ourselves as
q body corporate for said purposes under an ect 10
ss approxed March g. 1901 Sections 589 6o4 IN
ciastTe Gus Sei''
In pursuance OF that act the provisions and
purposes eady mentioned are set forth brleny
IN four articles.
The meeting to-day at which the incorpora-
ton crvstallized was the result OF a number OF
Informal conferences held by the corPoI dVoIS'
who were selected personally by Mr.. Carnegie.
The definite form in which the gift of Mr. Car
negie will be made has not been announced, al
though. according to those Interested in the
project, IL viii be in a shape generally salts
factory 1t is understood that it will be in the
form of gilt edged securities, but not OF gov
ernrneut issue in view of the greater income
paid by outside securities The further develop
1nent Of the project now awaits Mr.. Carnegles
outline OF his ideas and purposes. The next
step will be the organization of a board OF trus-
tees. These doubtless will include the present
corporators and other representative men from
all parts Of the country This will be in line
with the policy pursued in organizing the board
for the Carnegie institution in Scotland.