The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1902-01-09
FOR AGREATSCHOOL.
Steps Taken to Accept Mr.. Car
negie's Gift.

Washington, Jan. 6.--The much-dis-
cussed national college, for the torma-
ton Of which Andrew Carnegie Of
fered to give $1o,ooo,ooo. was incorpo-
rated Saturday under the title of Car
negie Institution, the gift of money
was formally accepted end the legal
aspects of the problem solved. While
no statement has yet been made con-
corning the scope Of the institution
or the details Of the manner in which
1t win be managed, some idea of its
intents may be obtained from its In
corporators and from the plans set
forward in the articles of ineorpora-
ton.
The Incorporators.
The incorporators are as follows;
John Hay, secretary OF state.
Edwin d. White. justice Of the supreme
court.
ID. C. Gilman, late president Of the Johns
Hopkins university.
Charles D. walcott. superintendent Of
the geological survey,
John S, Billings ex-surgeon general OF
the navy.
Carroll D. Wright, commissioner Of labor.
The preamble of the articles of incor-
poration set forth as follows:
1--WE, the undersigned persons OF full
age and citizens of the United States and a
ma jority OF whom are citizens OF the Dis
trict OF Columbia, being DESTROYS to estab-
fish audmaintaini in the city of Washington
In the spirit of Washington. an Institution
for promoting original research in science,
literature and art. do hereby associate our
selves as body corporate for said purpose
under an act to establish code OF law for
the District of Columbia. approved March
3, 1901, sections 500 TO CO.. inclusive"
The objects.
The articles fix the name and title of
theinstitution as the Carnegie institu-
| ton" and show that 1t is organized
"for a perpetual term" Its objects
are the promotion of study and re.
search, the power to acquire, hold and
convey real estate and other proper.
/ " and to establish general and special
funds; to assist Investigations in sci
ence, literature or art; to cooperate
with governments, universities, col
leges, technical schools, learned So
cieties and individuals; to appoint COM
mittees of experts to direct special
lines of research, publish and distrib-
ute documents, conduct lectures and
hold meetings, acquire and maintain
a 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 board of trustees, to con-
sist during the first year of 81 and
thereafter not to exceed 30 members,
except by three-quarter vote of the
| board.
Gift VIII BE Satisfactory.
The meeting Saturday at which the
incorporation crystallized was the re,
suit of a number of informal confer
ences that have been held by the incor'
porators, who were selected person.
ally by Mr.. Carnegie. The definite
form in which the gift of Mr.. Carnegie
will be made has not been announced
although according to those interest
ed in the project it will be in a shape
| generally satisfactory. 1t is under
stood that it will be in the form Of
gilt-edged securities. but not of gov
eminent issue in view of the creates
income paid by the outside securities
The further development of the prof
ect now awaits the outline from Mr.
Carnegie as to his ideas and purposes
The next step will be the organf
CATION OF a board of trustees. Thi!
doubtless will include the present in
corporators and other representative
men from all parts Of the country
This will be in line with the policy pur
sued in organizing the board for th'
Carnegie Institution in Scotland.