New-York tribune., 1902-01-30
CARNEGIE'S GREAT GIFT.
PURPOSES OF THE CARNEGIE INSTITU-
TION OUTLINED.
GIFT TO THE TRUSTEESOFFI-
GERS ELECTED.

GIFT TO THE TRUSTEES-OFFI-
GERS ELECTED.
Washington Jan. 29.-An adjourned meeting
held at the State Department this afternoon and
long step was taken toward permanent organi-
zatlon and the initiation of the work of the
institution Abram S. Hewitt, of New-York,
called the meeting to order, Secretary Hay was
elected temporary chairman, and Charles D.
Walcott temporary secretary William E.
Dodge, of New-York, elected to the board
to fill a vacancy caused by the declination of
ex-President Cleveland. who sent letter regret
ing his inability to serve
MIR. CARNEGIE ADDRESSES TRUSTEES
After the rollcan Mr.. Carnegie made brief
address, presenting the deed of gift He said:
L beg to thank you deeply for so promptly, so
cordially, aiding me by acceptance of trustee
ship. note from the President congratulates
me upon the high character, indeed. may say,
the extraordinarily high character of the truS-
tees'-such his words. 1 believe this esti-
mate has been generally approved throughout
the wide boundary of the United States.
My first thought was to fulfil the expressed
wish of Washington by establishing university
here, but study of the question forced me to
the conclusion that under present conditions
were Washington still with US his finely bal
anced judgment would decide that, in our gen
Grafton at least such use of wealth would not
be the best.
One of the most serious objections, and one
which | could not overcome, that another
university might tend to weaken existing uni
Versities. My desire to cooperate with all
educational institutions and to establish what
would be source of strength and not of weak
ness TO them. and the idea of a Washington
university or of anything of a memorial char-
acter was therefore abandoned.
1t cost some effort to push aside the tempting
idea of a Washington university founded by
Andrew Carnegie, which the president or the
WOmans George Washington Memorial AsSo-
citation was kind enough to suggest. That may
he another in the future, for the
realization of WashingtOn's desire would per
haps justify the linking of another name with
his. but certainly nothing else would.
This gift, the donor, has no pretenslons 10
such honor. and in nowise interferes with the
proposed university or with any memotla,: ~
has its own more modest field, and is intrusteo
to cooperate with all kindred institutions, in
Guiding the Washington University, II ever
built, and IL may be built II we continue 10 IN
crease in population as heretofore for gen
Grafton. In this hope, l think. the name should
be sacredly held in reserve. 1t is not matter
of million. ten millions, or even of TWEEN
ty millions. but of more. to fulfil worthly the
wish of Washington, and think no one Nould
presume to use this almost sacred name except
for university of the very first rank estao-
lished by national authority, as he desired. BE
it our part in our day and generation 10 "a 90
what we can TO extend the boundaries OF hu-
man knowledge by utilizing existing lnstltu-
tions.
Gentlemen. your work begins. Your aims are
high; you seek to extend known forces. and TO
discover and utilize new forces for the benent
Of man. Than this there can scarcely be greater
X.
ure to prophesy that through your efforts, in CO.
operation with those of kindred societies in our
country. contributions to the advancement OF
the race through research will compare In the
near future not unfavorably with those of any
other land. Again, L thank you.
TERMS OF DEED OF GIFT.
The deed recites in substance as follows:
That Andrew Carnegie deems it his duty and
highest privilege to administer the wealth which
has come TO him as a trustee in behalf of Others
a,aI hi, fhaI IaIfaF hot haCF
Of discharging that trust is by extending the
opportunities for study and research in our
country, he transfers to the trustees named
S1O,OOO,tDO of registered > 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 thai
may be substituted for them to be applied TO
paying the expenses of the trustees who to
receive the bonds and collect the interest, and
may sell the same and invest the proceeds
cording to the laws of New York, Pennsylvania
and Massachusetts, and who are not made re-
sponsible for the safety of the bonds or for
their depreciation. They may appoint officers
fixing their salaries. and provide for the financial
business of the trust.
The income is to be expended to founding in
Washington institution to cooperate with
those now or hereafter established, and in the
broadest and most liberal manner encourage in
vestigation, research and discovery, show the
application Of knowledge to the Improvement of
mankind, provide such buildings, laboratories
books and apparatus may be needed, and af-
ford instruction OF an advanced character to
students properly qualified To profit thereby
Unexpended income may be kept in a reserve
fund to defray the cost of buildings BY a two
thirds vote the trustees may modify these con-
ditions 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
OFFICERS OF THE INSTITUTION
After accepting the deed of gift the trustees
proceeded to adopt bylaws. and then elected the
following officers:
Chairman of the Board of Trustees-ABRAM S
HEWITT.
Vice. chairman-Dr J. $. BILLINGS
Secretary-CHARI.ES d. wALCOTr
DIR. Daniel c. Gilman, late of Johns Hopkins
University, was elected president of the Car
negie Institution. The board then adjourned to
meet tomorrow morning.
Mr.. Carnegie and the trustees of the institu-
ton. held their first meeting at the State De-
partment this morning. Besides receiving a
large number of callers. including Secretary
Wilson, Senators Scott and Elkins of West Vir-
gina and Governor Budd of California, Mr.
Carnegie spent most of the forenoon in an in
formal conference with the trustees. He an
nOunced his purpose to intrust absolute con-
troll of the endowment to them and said he
did not wish to influence their Judgment in any
way.
OPENED FIRE on REBEL FLEET.