The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-08-31
BIG PEACE PRIZE
FOR OUR TEDDY
Norwegian Storthing Committee
Will Award $4,000 Nobel
Peace Prize to Him.
Story Of the Foundation of Alfred
Nobel's Five Prize In
stitutes.

Special Cable to The Journal,

Christiania, Norway, Aug. 31.-There
IS every reason to believe that Presi-
dent Roosevelt will receive signal rec
ognition from the Nobel peace prize
committee of the storthing. This COM
mlttee has cabled its congratulations to
the president for his work "for the
peace of the world and humanity. .,
Such message is tantamount to saving
that th1s yea years Nobel peace prize Of
dent Roosevelt The awards in all i've
Of the Nobel prizes are made annually
on Dec. 10, the anniversary Of Nobel IS
DEATH 81 ,
Nobel's Remarkable Will.
Alfred Bernhard Nobel, who was the
richest man in Sweden, died on Dec.
10, 1896, and left most remarkable
will. He provided for the establish
ment of five Institutes. representing
different fields of activity humanity
or the cause Of peace, physical science,
literature, chemistry and medicine. The
revenues from his estate were to be
divided equally between these five in
stltutes, and the king Of Sweden was
whole and appoint an executive board,
with a president, to manage the af-
fairs of the foundation. Each insti-
tute was to have it's own building and
apparatus, and it's affairs were to be
governed by faculty of specialists,
chosen not merely from Scandinavia,
but from the number of scientists Of
spective fields These specialists were
to develop and extend the usefulness
of discoveries or inventions, for which
annual prizes were to be awarded. They
were to reside in Stockholm, where the
headquarters of the Institutes are to
be maintained. Prizes were to be
awarded annually by each institute to
the man who, in its Judgment, had
performed the most useful service in
promoting the peace Of the world, or
made the most important discovery, or
written the most valuable book. Can
named by the learned bodies Of the
world, and no personal applications
would be received.
A Huge Estate.
There was some delay in the set
Ting OF the estate, owing to the claims
OF relatives, but the executors sue
seeded in satisfying these claims by
rest Of Mr.. Nobel's extensive estate
including his South African gold mines,
oil works at Baku, Russia, and his man.
ufactorles of smokeless powder, dyna-
mite and other explosives in various
parts Of Europe-was all sold and the
proceeds, amounting to 100000
hfGa the ba ap9gt Of Eerxd @
land, Germany, Russia and other Eu-
ropean countries. These bonds now
yield an annual income Of about $780,
900, so that each institute has some
$4,000 a year to carry on its work and
pay the prizes.
Entrusted to Storthing.
The award Of the peace prize was en-
trusted by Mr.. Nobel to the Norwegian.
storthing. The reason for this action
was that the storthing has always &C
lively promoted the settlement Of inter
national controversies by arbitration.
The storthing does not itself elect the
duty to cemmittee Of ye. Who m nnas
belong to it's own number, or may be
selected from outside. The prize, like
the other four, is open to the world, and
nominations may be made by any legis-
lative body, by the International Bar
association, by the faculties of law col
leges and professors Of history, philoso-
ply and political science in established
universities, OF by any society organ
lied for the purpose of promoting
peace.
The prize for the best literary work
is awarded by the Swedish academy,
composed of eighteen immortals ali
Swedes. The prize in physics is award
ed by the Swedish academy of science,
geyenty-fve. Of whose IT'S members, are
The prize in medicine is given by the
faculty Of the Stockholm medical col
lege.
The president Of the executive board
is former Premier Bostroem Of Sweden,
He receives an annual salary of $4,000.
The executors Of the Nobel estate, R.
Sohlman and r. Liliequist, are both
engineers who were associated with
Nobel for many years, and they devote
their, entire time to- the work, receiv-
ing salaries Of $4,000 a year.
War Profits and Peace.
The Nobel fortune was made by the
manufacture Of war material of all
kinds, and it is, therefore, peculiarly
fitting that a part Of it should be de-
voted to the promotion Of peace. Nobel
herited the business of manufacturing
,