The Providence news. (Providence [R.I.]) 1891-1906, 1902-01-30
Mr.. CARNEGIE PRESENTS .
$1O,0O0,0O0 TRUST DEED
Received by Trustees of New InSti-
tution-- Object toPromote Higher
EducatiOnandA ndAdVanCedReSearch

i--
Washington, Jan. S-Andrew Carnegi.
yesterday presented TO the trustees OF ths
carnegie institution a deed conveying $40.
100000 I'm bonds OF the United states steel
corporation, with which to stsbllsh and
maintain the great project for higher edu-
cation and advanced research TO which
IBIS name has been siven.
The presentation WAS made at a meeting
cf the trustees in the diplomatic room OF
shs state department. In handing over
she deed. Mr.. Csrnegie made some re-
marks in which he explained his views
concerning the institution and expressly
stated that IL was not intended To take
the place of the National university con-
iemplated by George Washington.
The deed explains the purposes OF the
institution which are generally 10 pro-
mote research. One OF the purpose. is
Ito discover the exceptional man In every
department OF study" and to enable him
TO devote his life to his particular depart
ment.
The board OF trustees assembled I'm the
diplomatic room at 2:30 o'clock. and was
is session until 5 o'clock.
I'm addition to Mr.. Carnegie those who
were present were: Secretary Hay, Sena-
tor Frye. Speaker Henderson. Secretary
Langley OF the Smithsonian institution
John 5. Billings OF New York. William NJ
rrew of Pittsburg Secretary Gage. Dam
lei G. Gilman OF Baltimore. Abram s
Hewett OF New York Henry l.. IIigginson
OF Boston, Henry Hitchcock OF ST. Louis
Charles l.. Hutchinson or Chicago. Will
liam Lindsay. ex-senator from Kentuckvi
WAYNE McVeash ~ Philadelphia. ID. o.
Mills of N~w York s. Weir Mitchell Of
Francisco. Secretary Root Charles n
Wolcott. director OF the Geological Sur
vey. and Carroll H. Wright, commissioner
of labor.
Mr.. cARNEGIE's REMARKS.
The meeting was called to order BY Mr.
Hewitt and Secretary Hay was elected
cott temporary secretary Mr.. Carnegie
then made little speech preliminary 70
the presentation OF the deed for the sio-
ncoooo endowment fund He said:
II .beg to thank YOU deeply for 50
promptly. so cordially aiding me by ac-
ceptance or trusteeshlp
One or the most serious objections and
one which could rot overcome was that
another university might tend 20 weaken
existing universities. My desire was to
cooperate with all educational institu-
tons and establish What would he
source OF strength and mot a weskne-.
10 them. and the Idea cf a WsshinSton
university or OF anything ~ memorial
character was therefore abandoned.
Gentlemen. your work begins. your
aims are high: YOU seek To extend known
forces and 10 discover and utilize nev
for~es for the benefit of man. Than this
there can scarcely be greater work
7 wish YOU abundant success ard ven
ture to prophesv that through your ef-
"A.
drsh societies Iva our country, contrihu-
tions - the advancement or the race
through research will compare IA the
near future not unfsvorably with those
Of any other land. Again thank you"
TRUST DEED READ.
when Mr.. Carnegie had finished the
trust deed was read. In Il MIR Carnegie
explains more fully his objects and pur-
poses This is the irst clause Of the trust
deed:
II, Andrew Carnegie Of New York hav-
ing retired from active business and
deen1ing II 10 he my duty and one of
my highest privileges TO administer the
wealth which has come 10 me ~ trus-
Tee in behalf of others: and entertaining
the confident belief that one OF tho best
means OF discharging that trus; is ny pro-
vidng funds for improving and extending
the opportunities for study and research
in our country; and having fun confidence
IN the gentlemen after named. who have
At my request signifed their Willingness
20 carry out the trust which I have con-
fded to them, therefore | have. trans
ferred to these. the trustees OF the Car
negie institution of Washington. ten mil
lions Of registered 5 per cent bonds OF
the United States Steel corporation"
OBJECTS OUTLINED.
The objects outlined I'm the trust deed
follow:
IL Is proposed 70 found i'm the city Of
Washington an institution which with
the cooperation OF institutions now or
hereafter established, there or elsewhere
shall. I'm the broadest and most liberal
manner. encourage investigation. research
ard 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 profit thereby
Among its aims are these;
]. To promote original research. paving
great attention thereto ss one OF the most
important OF all departments.
2 To discover the exceptional man In
every department OF study whenever and
wherever found. inside or outside OF
schools. and enable him 10 make the work
for which he seems specially designed hi.
life work.
= To Increase facilities for higher sdu-
cation.
T. To increase the efficiency Of the
and other institutions of
learning throughout the country by
utilizing and adding Co their existing IA
cilitie. and aiding teachers IN the various
for experimental and other
work In these institutions as far ss sd-
Nissble
s. To enable such students as may nnd
Washington the best point FOR their
special studies 10 enjoy the advantages
~ the museums. iibrerics laboratories. |
meteorological. piscicultural
and forestry schools and kindred insitu-
tions OF the several departments OF the
government
& TO ensure the prompt publication
and distribution ~ the results N scientific |
a held considered highly |
important.