The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-01-05
NOW TO ELECT TRUSTEES
Objects of Institution to Promote
Study and Research,
SEC. HAY HEADS THE lNC0RP ORATORS
II is Understood That Carnegie's Gift VIII Be
in the Form of Gilt Edge Stcuri-
ties Acceptable 10 The
Ecvnrnme n
Government.
CBy the Associated Press.)


Washington, Jan. 4.-secretary Hay
ana number of gentlemen interested in
the Carnegie project of a National Uni
versity met at the State Department to-
day and formed an incorporation known
as the Carnegie Institution" 1t is un
derstood that Mr.. Carnegie has removed
the obstacles that existed to the accept
ance of his sl0,OO0,OOO donation to the
cause of education, and today's action
was the first step toward giving legal
form and substance TO the proposition
Besides Secretary Hay, the incorpor-
atofs all Of whom were present at to-
days meeting, are Edwin ID. White, JUS
tice of the Supreme court; d. c. Gilman,
late president of Johns Hopkins Univer-
sity: Charles d. Walcott, Superintendent
of the Geological Survey; John S Bill
lings, exSurgeOn General of the Navy.
and Carroll D. Wright, Commissioner
of Labor. Marcus Baker, of the Coast
Survey, was also present, not as an in
corporator but charged with the prepa
ration OF the article Of incorporation.
The article of incorporation of the Car
negie Institution were filed with the Re-
corder of Deeds in this city today. The
incorporators are Secretary of State
John Hay: Edward D. White, DR.. John
S. Billings. Daniel c. Gilman, DIR. Chas
d. Walcott. of the Geological Survey;
and Carroll D. Wright Commissioner of
Labor The articles fix the name and
title Of the institution as the Carnegie
Institution" and show that it is organn-
1 Ia. -
are the promotio 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, litera-
ture, TO cooperate with government
universities colleges technical schools,
learned societies and individuals to ap
point committees of experts to direct
special lines of research, publish and dis
tribute documents, conduct lectures
| and hold meetings, acquire and maintain
library and in general to do and per-
form all things necessary to promote the
objects of said institution
The affairs, funds and property of the
| corporation will be in general charge of
a board of trustees to consist during the
first year of twenty-seVen and thereafter
not to exceed thirty members, except by
three quarter vote of the board.
The preamble of the articles of in
corporation sets forth as follows:
We the unndersigned, persons of full
age and citizens of the United States
and a majority of whom are citizens of
the District of Columbia, being desir-
| GUS to establish and maintain in the
city of Washington, in the spirit of
| Washington an institution for promot
ing original research in science, litera-
| ture and art do hereby associate our
! selves as body corporate for said pur-
| pose under an act to establish a code of
| law for the District of Columbia, ap-
proved March 8. 1901 sections 599 to 604
inclusive
In pursuance of that act the provisions
and purposes already mentioned are GER
titled briefly in four articles.
| The meeting today at which the in
corporation crystallized, as the result
of number of informal conferences
| that have been beld by the incorporators,
who were selected personally by Mr..
Carnegie. The definite form in which
the gift of Mr. Carnegie will be made
has not been announced, although ac-
cording TO those interested in this pro-
| ject it will be in shape generally salts
factory. 1t is understood that it will be
in the form of gilt edged securities, but
not OF government issue, in view of the
greater income by the outside securities.
| The further development of the pro-
| ject now awaits the OUTLINE from Mr..
| Carnegie as to his ideas and purposes.
The next step will be the organization
| of board of trustees. These doubtless
vii include the present incorporatoTs
| and other representative men from all
parts of the country. This will be in
| line with the policy pursued in organiz-
F, ing the board for the Carnegie institu-
| tion in Scotland.