The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-01-30

are Authorized SytSe laws Of the STATE o. New
invest hS,.i ,r rsanf fsnds, and r. sls ss' on sasS other sG
securities as they In the exercise Of. their
own discretion may select. and 70 alter or
as they may think proper.
And hereby expressly. provide and de.
s snd in ' hs r ,Se be ]sTq ps.pcn. sSe,l f ;s p e. s s Sspy
OF the said bonds, or for the sums therein
contained. or for tho securities upon which
vested, or for any depreciation in the value
Of the said bonds or securities. or for NE
honesty or solvency OF those to whom the
solely on. the belief that the trustees herein
appointed and their successors shall act
i honG ,lS.I ]; And A ,dm 1G5tssr s ssV other s%P FUNDS 9
suesthsd 70 them for the SuIpO.ss Of the
such oshcers as they may consider necessary
for carrying on the business of the trust az
such salaries OF for such remuneration a.
arrangement and lay down from tine to
time such rules as to the signature Or oeeosi
transfers, agreements. checks. reee,,Psns s ans
and, convenient transaction OF The financial
business OF the trust. TIL committee shall
s sssiins the WITH fSi' sse IRSSSScS%ae a OF the Sssi trust and
expending u in such manner as they ttnnrrttb
In the following clauses:
fthfObtb VI Inn inNsA'
The purposes Of the trust are As toiowsi
Il Is proposed to found in the city Of Wash
ton Of Institutions now or hereafter ests6-
lished, there OF elsewhere, shall In the oroao-
est and most liberal .n mra aIsoovs srSo1 show
the application OF knowledge TO the improve
ment Of mankind, provide such buildings;
tsoG needsS. and S9G siord i" INSTRUCTION q az AZ
vanoed character 70 students properly quail
fed TO profit thereby.
First-To promote, original research. pay,
ing great attention thereto as one OF the most
Second-To discov YER the exceptional mar
in every department. Of study whens.sIh oops
wherever, found. inside or OUTSIDE o. owRG1eh
he seems specially designed his life work;
Third-To Increase facilities for higher
Foafth-To increase tho efficiency OF the
universities and other institutions Of earning
throushout, the country, 6y utiiiSlns ,d ans
teachers in the various institutions for ex-
perimental and other work In these ins,'u-
tons as far as advisable.
Fifth-To enable such students. as may
special studies. 70, enjoy the advantages
OF the museums, libraries. laboratories OBJ
servatory. METEOROLOGICAL piscicultural, and
forestry schools and kindred institutions OF
the several departments OF the doyeIhmeh,,
and distribution OF the results OF scientific
investigation, a Geld considered highly I'M
'ifin any year the full income q the trust
cannot be usefully expended or deyoteo 70
the purposes herein enumerated: we cor,
mlttee may pay such sums as they MINK w
into a reserve fund. TO be ultimately apphed
to those purposes. or the CONSTITUTIONS OF
such buildings as II may be found necessary
TO erect in Washington.
The specific objects named are ,consldered
most important In our day, but the trustees
shall have full power. by a majority OF TWO
thirds OF their lumber. to modify the candi-
lions and regulations under which the FUNDS
shsll gSIways be applied IN the manner. best
adapted 20 the changed conditions o. the
time. provided, always. that any mooinca-
lions shall he In accordance win the puI-
poses Of the donor. as eKpresseo " the ttus,.
and that the revenues be applied 20 objects
Kindred TO those named. the chief purpose
or the founder being TO secure. " possible.
Sor the United States Of America leadership
In the domain OF discovery ana the utiiLaton
OF new forces for, the eensht Of man or,,.a
these presents. consisting Of what Is printed
or type written In this and the preceding
seven pages, on the ?eth day OF January,
1902. before these witnesses
witnesse. Louise Whitfield Carnegie and
Estelle Whitfield.
After some consideration Of bylaws,
the trustees elected permanent officers
These are. Abram =. Hewitt, chairman OF
the Board Of Trustees John 4. Billings
V~ice-Chairman Charles ID. Wolcott, Score.
tary, and Daniel &. Gilman, President oi
the Carnegie Institution.
There will lie another nesting OF the
board Tomorrow morning Al the new
willard Hotel.