The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1905-09-05
MAY RECEIVE
PEACE PRIZE
ROOSEVELT LIKELY TO HAVE
SIGNAL RECOGNITION.
CABLE THAT is SIGNIFICANT
storthng Committee of Nobel Bequest
Sends Its Congratulations
markabIe Institutes.

Christiana, Norway, Sept 2.-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
mittee has cabled it's congratulations
to the president for his work "for the
peace of the world and humanity y
4 Such message is tantamount to- say
| ing that this years Nobel peace prize
of about $4,000 will be awarded to
President Roosevelt. The awards in
all five of the Nobel prizes are made
annually December 10, the anniver-
sary of Nobels death.
NobeI's Remarkable Will.
Alfred Bernhard Nobel, who was the
richest man in Sweden, died Decem-
Der 10, 1885, and left a most remark
able will. He provided for the estab-
lishment of five Institutes, represent
ing different fields of activity human
ity or the cause of peace, physical
science, literature, chemistry and med
icine. The revenues from his estate
were to be divided equally between
| these five Institutes, and the king of
Sweden was Ito have general supervi-
| sion of the whole and appoint an exc
cutive board, with a president, to man
isage the affairs of the foundation. Each
| institute was to have it's own build
ing and apparatus, and it affairs were
to be governed by a faculty of special
| lists, chosen not merely from Scandi-
navia, but from the number of scien-
lists of unquestioned reputation in
| their respective fields. These special
lists were to develop and extend the
usefulness of discoveries or inven-
tions 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 it's
Judgment, had performed the most
useful service in promoting the peace
lof the world or made the most import
amt discovery, or written the most val
uable book. Candidates for these
prizes were to be named by the learn
ed bodies of the world, and mo- per
sonal applications would he received.
A Huge Estate.
There was some delay in the set
tling of the estate, owing to the claims
of relatives, but the executors sue
ceeded in satisfying these claims by
the payment of 100000 kronor. The
rest of Mr. Nobel's extensive estate
mines, oil works at Baku, Russia, and
his manufactures of smokeless pow
der, dynamite and other explosives in
various parts of Europe all sold
and the proceeds, amounting to 81
100000 kronor (about $8,300,000) were
invested in the bonds of Sweden, Nor
way, England, Germany, Russia and
other IUpean countries. These
bonds now yield an annual income of
about $350,000, sto that each institute
has some $4,000 a year to carry ON
it's work and pay the prizes.
Entrusted to Storthing.
The award of the peace prize was
entrusted by Mr.. Nobel to the Nor
Wegian storthing. The reason for this
action was that the stoG1thing hal AL
ways actively promoted the settle
ment of international controversies by
arbitration. The storthing does not
itself elect the prize winner, but dele
gates THAT duty to a committee of
five, who may belong to its own num-
ber or may be selected from outside.
The prize like the other four, is open
ito the world, and nominations may be
made by amy legislative body, by the
International Bar association, by the
faculties of law colleges and profes-
sors of history, philosophy and politi-
cal science in established universities,
or by any society organized for the
purpose of promoting peace.
The prize for the best literary worK
Is awarded by the Swedish academy,
composed of 1S immortals-all Swedes.