The Montgomery advertiser., 1902-01-30
GILMAN IS PRESIDENT
THE HEAD OF THE GREAT CAR.
 NEGIE INSTITUTE.
William E. Dodge is Choren q Mem Der of the Board of Trustees in Place of MT. Cleveland,
 Who Declined.

Washington, Jan. 29.--An adjourned | meeting of the trustees of he Carnegie l Institution was held at the State De- partment this afternoon and a long ster
 was taken towards permanent organiza- ton and the initiation of the work of the institution.
 William F. Dodge of New York was elected to the board to i'll a vacancy caused by the declination of ex-President Cleveland, who sent letter regrettins his inability to serve.
 After the roll call, Mir. Carnegie made a brief address. presenting the deed of gift He said his first thought was to fuifll the expressed wish of Washington by establishing a university here, but a study of the question forced him to the conclusion that, under tho present con- ditions, were Washington with us, his finely balanced judgment would decide that in our generation at least such use of wealth would not be the best. One of the most serious objections was that an- other university might tend to weaken existing universities
 Gentlemen" he added, your work be- gins, your aims are high; you seek to extend known forces and to discover and utilize new forces for the benefit of man. Than this, there can scarcely be greater work. I wish you abundant success and venture to. prophecy that through your efforts in cooperation with and those of kindred societies tn our coun- try, contributions to the advancement of the race through research, will conn pare in the near future not unfavorably with those of any other land"
 The deed itself recites in substance. that Andrew Carnegie deems 1t his duty and highest privilege to administer the wealth which has come to him as trus- tee in behalf of others, and, entertain ing the belief that the best means of discharging that trust Is by extending the opportunities for study and research in our country. he transfers to the trus- tees named ten millions of registered 5 per cent. bonds of the United States Steel Corporation. This gift is to be held in trust, the income from the bonds or from other securities that may be substituted for them, to be applied to founding in Washington an institution to cooperate with those now or hereafter established and in the broadest and most liberal man ner encourage investigation. research and discovery, show the application of knowl- edge to the improvement of mankind, provide such buildings. laboratories books and apparati as may be needed, and afford instruction of an advanced charactsr to students properly qualified t. profit thereby.
 B. a w'thi lT.v0ts, tha trustees may motif tn conditions in accordance wi D the orig nl purpose whct ITO cur, If pos be, :or the Uai el States o9 America Leadership in tn domain of di cOvtry and the utilIz ton of new forces for lh b nelt of man"
 The trustees adopt by laws and tn elected the following officers. Chat man of the Board of Trustees. Abraham Hew- it; Vice-Chairman, Dr. J. S. Billings; Secretary Charles D. Walcott
 MT. Daniel c. Gilman. late of Johns Hopkins University was elected Presi- dent of the Carnegie Institution.