The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-01-30
Ii VIII Interfere with No University,
but Will Cooperate with All Ed
vocational Institutions.
DEED OF GIFT PRESENTED
At AN ADJOURNED MEETING OF THE.
BOARD OF TRUSTEES.
step Taken Towards Permanent Or
ganizatiOn of the Institution and
Initiation of work.

WASHINGTON. Jan. 29.-An adjourned
meeting of the trustees of the Carnegie In
tuition was held at the State Department
this afternoon and long step was taken
towards permanent organization and the
initiation of work of the institution. Abram
S. Hewitt, OF New York, called the meeting
to order and Secretary Hay was elected
temporary chairman and Mr.. Charles ID.
Walcott temporary secretary. William +.
Dodge, of New York. was elected to the
board TO fill a vacancy caused by the
declinatiOn of ex-President Cleveland, who
sent letter regretting his inability to
serve. After the roll call Mr.. Andrew Car
negie made brief address, presenting the
deed Of gift. He said:
II beg to thank you deeply for so
promptly, cordially. aiding me by ac-
ceptance of trusteeship A note from the
President cOngratulates me on the high
character indeed / may say the extraordi-
narily high character of the trustees-such
are his words. l believe this estimate has
been generally approved throughout the
wide boundary Of the United States.
MY first thought was 10 fulfill the ex-
pressed wish of Washington by establishing
a university here but a study OF the ques-
ton forced me to the conclusion that under
present conditions were Washington still
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, and
one which i could not overcome, was that
another university might tend 10 weaken
existing universities. My desire was TO
cooperate with all educational institutions
and establish what would be a source of
strength and not OF weakness to them, and
the idea OF a Washington university of
anything of a memorial character was
therefore abandoned.
1T cost some effort to push aside the
tempting idea of a Washington university
founded by Andrew Carnegie, which the
president of the Woman's George Wash
tngton Memorial Association was kind
enough 10 suggest. That may be reserved
Tor another in the future, for the realiZa-
ton Of Washngton's desire would perhaps
justify the linking of another name with
his. but certainly nothing else would.
This gift, or the donor, has no preten-
tiOns 10 such honor. and I'm no wise inter
feres with the proposed university, or with
any memorial. Ii has it's own more modest
Seld, and Is intended to cooperate with
all kindred institutions. including the
Washington University. II ever built, and
it may be built If We continue 10 increase
I'm population as heretofore for a genera
ton. in this hope 1 think the name should
be sacredly held in reserve. IL is not a
matter OF one million, or ten millions, or
even OF twenty millions. but of more. to
fulfill wOrthiy the wish OF Washington,
and / think no one would presume to use
that almost sacred name except for uni
versity OF the very first rank. established
by national authority. he desired BE
IL our part In our day and generation TO
do what we can 10 extend the boundaries
OF human knowledge by utilizing existing
institutions.
.'Gentlemen. your work begins, your aims
are high. you seek 20 extend known forces
and TO discover and utilize new forces for
the benefit OF man. Than this there
scarcely be greater work. / wish YOU
abundant success and venture 10 prophesy
that. through your efforts in cooperation
with those OF kindred societies I'm our coun-
try contributions 10 the advancement Of
the race through research will compare in
the near future not unfavOrably with those
OF any other land. Again, thank you"
TERMS OF THE DEED.
The deed itself recites in substance as fol-
lows: That Andrew Carnegie deems Il his
duty and highest privilege to administer
the wealth which has come TO him as a
trustee in behalf of others and. entertaining
the belief that the best means of discharg-
ing that trust Is by extending the oppor-
tunities for study and research in our coun-
Try. he transfers 10 the trustees named
100000 OF registered per cent bonds OF
the United States Steel Corporation This
gift Is 10 be held in trust, the income from
the bonds or from other securities that may
be substituted for them 10 be applied 10
paying the expenses OF the trustees who
are 70 receive the bonds and collect the in
tersst and may sell the same and invest
the proceeds according TO the laws OF New
York, Pennsylvania and Massachusetts
and who are not made responsible for the