The daily morning journal and courier., 1902-01-30

Deferred from This by Several Con-
 Existing Universities. ...
 Washington, Jan. 29.--An adjourned
 meeting of the trustees of the Carnegie
 institution was held at the state de-
 partment this afternoon and long step
 was taken towards permanent orGani-
 zation and the introduction work of the
 institution, Abram s. Hewitt, of New
 York, called the meeting to order. Sec
 retary Hay was elected temporary
 chairman and Charles D. Walcott tenn
 porary secretary. William E. Dodge, of
 New York, was elected to the board to
 fill a vacancy caused by the declination letter regretting his inability to serve
 After the roll call Andrew Carnegie
 made a brief address, presenting the
 deed of gift. He said:
 "I beg to thank you deeply for so
 promptly, so cordially, aiding me by &C.,
 ceptance of trusteeship. A note from | the president consra tulates me upon
 the high character, indeed, 1 may say,
 the extraordinarily high character, of
 the trustees-such are his words. l be- lieve this estimate has been generally
 approved throughout the wide bounda-
 ry of the United States.
 My first thought was to fulfill the
 expressed wish of Washington by es- 1 tablishing a university here, but q
 study of the question forced me to the
 conclusion that under present condi-
 tions 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 to weaken existing universities. My desire was to cooperate with all edu- cational institutions and establish what
 would be a source of strength and not of weakness to them. and the idea of a
 Washington university or of anything of a memorial character was therefore abandoned.
 u tDSl Suiilt tllOll lo Idoii tl'ANN 'i'N idea, of a Washington university found ed by Andrew Carnegie, which the president of the Womans George Washington Memorial association was kind enough to suggest That may be reserved for another in the future, for the realization of Washington's desire would perhaps justify the linking of another name with his, but certainly  nothing else would
 This gift, or the donor, has no pre- tentions to such honor; and in no wise interferes with the proposed university or with any memorials It has it's own more modest field and is fntrusted to cooperate with all kindred institutions, including the Washington university, if ever built, and it may be built if we continue to increase in population as heretofore for a generation In this hope, I think, the name should be sa- credly held. It is not matter of one million, of ten millions, or even of tWen- ty millions but of more, to fulfill wor- thily the wishes of Washington, and l think no one would presume to use this almost sacred name except for uni versity of the very first rank, estab- 1 lished by national authority, as he de- 1 sired Be it our part in our day and | generation to do what we can 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 util- ize new forces for the benefit of man Than this there can scarcely be greater
 ;al. IA,,,, Ia,, cttnn and venture to prophecy that through your efforts, in cooperation with those of kindred societies in our country con- trbutions to the advancement of the race through research will compare in the near future not unfavorably with those of any other land. Again thank you'
 The deed itself recites in substance as follows: That Andrew Carnegie deems it his duty and highest privilege to ad- minister the wealth which has come to him as trustee in behaE of others, and entertaining the belief that the best means of discharging that trust is by extending the opportunities for study and research in our country he transfers to the trustees named ten millions of registered five per cent, bonds of the United States Steel Cor. ooration. This gift is to be held In trust, the income from the bonds or rom other securities that may be sub ;tituted for them to be applied to pay ns the expenses of the trustees who ire to receive the bonds and collect the interest and may sell the same and in- vest the proceeds according to the laws if New York Pennsylvania and Massa- ,husetts, and we are not made respon- 'ible for the safety of the bonds or for i heir depreciation. They may appoint ,fficers. fixing their salaries, and pro- yide for the financial business of the rust. The income is to be expended to ound in Washington an institution to with those now or herea flor established and in the broadest and most liberal manner encourage investi- ration, research and discovery show c he application of Knowledge to the inn of mankind, provide such 7 laboratories, books and ap- ] ,aratus as may be needed, and afford I instruction of an advanced character to z tudents properly qualified to profit hereby. Unexpended in come may be o ept on the arrears fund to defray the ; ost of buildings. By two-thirds vote | he trustees may modify these condi~ l ions in accordance with the original d