The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1902-01-09
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MIR, CARNEGIE'S
SPLENDID GIFT
Formal Incorporation Of the Institution
In Washington.
NO CONGRESSIONAL INTERFERENCE,
Mr. Carnegie VIII Not Give The Ten Mil
lions to the Government, as Was Originally
Intended, But to a Corporation Selected
by Himself, Which Met and Adopted Arti'
cies Of Incorporation.

Washington, d. c., (Special The
first step toward accepting Mr.. Andrew
Carnegie's offer of $Io,ooo,ooo to the
United States Government as an endow-
ment fund for the promotion of higher
education was taken here. when articles
were filed with the Recorder of Deeds
OF the District of Columbia for the Car
negie Institution.
The incorporators are:
John Hay, Secretary of State.
Edward d. White, Justice of the
United States Supreme Court.
Daniel Colt 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 articles fix the name and title OF
the institution as the Carnegie lnstitu-
ton" and show that il is organized FOR
a perpetual term" Its objects are "the
promotion of study and research, the
power to acquire, hold and convey real
estate and other property, and to estab-
lish general and special funds; to as
sist Investigations in science, literature
or art; to cooperate with governments,
universities. colleges technical schools,
learned societies and individuals to ap-
point committees of experts to direct
special lines of research. publish and
distribute documents, conduct lectures
and hold meetings, acquire and maintain
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 consist during the
first year of 27, and thereafter not 10
exceed 80 members, except by three
quarter vote of the board.
The filing of the papers followed a
meeting in the Office of Secretary Hay,
which was attended by all of the incor-
porators and Mr. Baker. 1t is assumed
that from the legal action thus taken,
Mr.. Carnegie has removed the cause of
the objection raised to the securities in
which the $Ioooo,ooo endowment was
to be made on December 10, it being
said that United States Steel Corpora
tion bonds were the collateral. 1t was
said that such securities in the posses
sion OF the United States, the income of
which was used for the promotion of
education, might seriously embarrass the
Department of Justice in the event of
legal action being taken against combi-
nations or trusts. So Mr.. Carnegie was
informed their acceptance was impossi-
bic.
A few days later, Mr. Carnegie ap-
peared at the White House and dined
with the President, after which it was
announced Mr.. Carnegie had decided to
remove all grounds for objection. About
the same time sale OF Steel Corpora
ton securities amounting to about Sill
100000 was reported in New York, and
announced Mr.. Carnegie had decided to
this, in Connection with Mr. Carnegie's
proposed donor was the seller. Whether
the new offer is in cash or some undis-
puted bonds was not stated.