Evening star., 1902-01-30

Secretary WaIcott.
congratuIates me upon the high character
indeed, l may say, the extraordinarily 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 to fulfill the
pressed wish of Washington by establishing
a university here, but a study of the ques-
-tion forced me to the conclusion that under
present conditions were Washington still
with US, his finely -halanced 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 1 could not overcome, was that
another university might tend to weaken
existing universities. My desire was to CO.
operate with all educational institutions and
establish what would be source of
strength and not of weakness to them, and
the idea of a Washington University or of
anything of 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 Wcman's George Wash
ington Memorial Association was kind
enough to suggest. That may be reserved
for another in the future, for the realiza
tion of Washingt on'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 to such honor and in no wise inter-
feres with the proposed university or with
any memorial. 1t has it's more modest
field and is intended to cooperate with all
kindred institutions, including the Washing
ton University, if ever built, and 1t may be
built If we continue to increase In popula-
tion as heretofore for a generation. In
this hope think the name should be sa-
credly held in reserve. 1t is not a matter
of one million, or ten millions, or even of
twenty millions, but of more, to fulfill
worthily the wish OF Washington, and /
think no one would presume to use that al
most sacred name except for university
of the very first rank, established by ma
tional authority, as he desired. Be it our
part in our day and generation to do what
we to extend the boundaries of human
knowledge by utilizing existing institutions.
Gentlemen, your work begins, 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. l wish you
abundant success and venture to propheSy
that through your efforts in cooperation
with and those Of kindred societies in our
country, contributions to the advancement
of the race through research, will compare
III the near future not unfavorably with
those of any other land. Again, thank
you"
The Deed of Gift.
On behalf of the donor of the endowment
fund, Mr.. Walcott then read to the trustees
the deed Of gift, whereby Mr.. Carnegie, in
the presence Of Louise Whitfield Carnegie,
his wife, and Mrs. Estelle Whitfield, his SIS
ter-in-law, had transferred the sum named
to the custody of the board. The deed be-
gins with the following preamble:
II, Andrew Carnegie of New York, having
retired from active business, and deeming
it to be my duty and one of my highest
privileges to administer the wealth which
has come to me as trustee in behalf of
others; and entertaining the confident be-
lief that one of the best means Of discharg-
Ing that trust Is by providing funds for
improving and extending the opportunities
for study and research in our country; and
having full confidence In the gentlemen
after named who have at my request Sig
nified their willingness to carry out the
trust which have confided to them;
therefore, l have transferred to these
trustees of the Carnegie Institution of
Washington $10,oO0,OO0 Of registered per
cent bonds of the United States Steel Cor
poration."
The instrument then recites that the gift
is to be held in trust, and the income from
the bonds or from other securities that may
be substituted for them to be applied to
paying the expenses of the trustees, who
are to receive the bonds and collect the in
terest, 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 safety
of the bonds or for their depreciation
They may appoint officers, fixing their sal
aries, and provide for the financial business
of the trust. The income is to be expended
to cooperate with those now or hereafter
established, and in the broadest and most
liberal manner encourage investigation, re-
search and discovery, show the application
of knowledge to the improvement of man
kind. provide such buildings, laboratories
books and apparatus as may be needed,
and afford instruction of an advanced
character to students properly qualified to
proht thereby. The unexpended income
may be kept in a reserve fund to defray
the cost of buildings. By two-thirds vote
the trustees may modify these conditions in
accordance with the original purpose which
is ito secure, If possible, for the United
States of America leadership in the domain
of discovery and the utilization OF new
forces for the benefit of man."
Secretary HAY received the deed of gift
and announced that the board would prop
erly enter upon discussion as to the most
advantageous administration of the fund
This discussion was very full and consumed
most OF the time the board was In session
The result took the form of the following
bylaws:
bylaws Adopted.
1. The officers of the board of trustees
shall be chairman, vice chairman and
a secretary. all of whom shall be chosen
biennially, by ballot.
2. The annual meeting of the board shall
be held In Washington on such day in No
vember as shall be fixed by the board or
by the executive committee. Other meet
fngs of the board may be called by the ex-
ecutlVe cOrnmlttee on twenty days notice to
each member OF the board, and they shall
be called In the same manner by the chair
man Of the board or by the secretary on
the written request Of seven members of
the board.
3. The trustees, by ballot, shall appoint a
president of Carnegie Institution, whose
term Of Office shall be five years. He NAV
or may not be member of the board Of
trustees.
4. The trustees. by ballot shall designate
six persons, to constitute with the presi-
dent an executive committee Their term
of Office shall be three years, and the mem
bers shall be re-eligible The four mem
bers first chosen shall by lot, Determine
who shall hold Office for the period of two
three, four or five years. so that the term
of one member may expire annually after
the first year. Any person elected to All
a vacancy shall be chosen for the unexnirad
part Of HIS predecessors term
3. The executive committee under the III
rection of'the trustees shall have cha rye of
all arrangements for administrator re-
search and instruction; designate adyisorv
committees for specific duties; determine
all payments and salaries: keep written |
record OF all their transactions and apnrn-
priafions. and submit to the board of trus-
tees at the annual meeting report which
shall be published. Provided that no ex-