The Fulton County news. [volume] (McConnellsburg, Pa.) 1899-current, 1905-11-22
CARNEGIE PENSION FUND
Some Knotty Problems For the
Trustees.
Il COLLEGE PRESIDENTS ATTEND.
Meeting Held at Mr.. CarnesIe's Home e--Board
Of Directors and Executive Committee Or.
gsnlred--Trustees Find II Hard TO Decide
Upon What Institutions Are 10 Receive the
Beoeflt Of the Endowment

New York (SpeciaD The first meet
ing OF the trustees of the Carnegie Foun-
datlon, the $lo,ooo,ooo fund given by
Andrew Carnegie last May for the pen
sionlng OF incapacitated college profess
sors, was held at Mr.. Carnegie's resi-
dence, 1908 Fifth Avenue. The meeting
brought together 2I presidents of col
leges, technical schools and universities.
President Harper, of the University OF
Chicago, who is i'll, was the only alb
sentee among the trustees named in the
deed of gift.
The trustees met at 10 o'clock in the
morning and held two sessions. The
morning session was devoted 10 an in
formal conference AT its conclusion the
trustees were entertained by Mr. Car
negie at lunch. Thereafter Mr.. Carne-
gle called the meeting to order. In a
bret speech he expressed satisfaction
at the gathering together of so many
educators. Nothing he has ever done,
he said, seemed so proptious or so
likely 10 be useful to the cause of edu-
cation He expressed the hope in con-
+clusion that the trust would be admins
tered in broad and generous manner.
President Eliot, OF Harvard. in reply
expressed thanks of the teaching profcs-
sion TO the donor. Bylaws were then
adopted, providing. among other things,
that the executive business of the board
be intrusted TO an executive committee
and a president, who should be Henry
5. Pritchett, president of the Massachu-
setts Institute of Technology, Boston.
The committee was as follows
President Butler, of Columbia Pres
ldent Wilson, Of Princeton; Provost
Harrison, Of the University of Pennsyl-
yania; President Humphreys, OF Stevens
Institute; Frank A. Vanderlip, vice pres
ident of the National City Bank, and
Robert A. Franks. Mr.. Carnegcs f.
nancial secretary, T. Morris Carnegie,
OF this city, a nephew of the donor, was
chosen treasurer. 1t was decided that
the head of the foundation be located in
this city. The third Wednesday in No
yember was selected as the date for hold
ing the annual meeting A special meet
ing will be held in this city late in the
winter at which time the executive COM
mite will make report of the plans and
scope.
What education test shall be applied
to determine what is a college, technical
school or university, within the founda-
ton letter of gift?" is one of the two
main questions that the executive COM
mittee is expected to answer, The ques-
ton was discussed at considerable length
today and, according to President Butler,
was found difficult of solution There
was nothing in the discussion to indicate
just what line the trustees expect to fol-
low in selecting the institutions worthy
of participation in the gift. Under the
deed of gift institutions under secre-
tartan control are ineligible This clause
gives rise to the other perplexing ques-
ton as to what shall be deemed TO con-
stitute sectarian control. Ii was pointed
out that many institutions established
as purely sectarian are now open to stu
dents of all creeds, or none, and there
fore, are not to be considered sectarian
now. But no decision was reached on
any phase of the matter, the whole pro-
position being left to the consideration
of the executive committee.
The fund produces an income Of $780,
600 yearly. 1t is designed for the re-
llSl liOt Ouly VI plOlSSSOIS lllNdpdOlldlcu
by age, but also for those ncapacitated
by illness, or accident, and for the fam
lies if needy, of those who die. Hun
dreds OF applications for pensions, Pres
ident Butler said, have already been
received. None, of course. can be acted
upon until the solution of the PROPOSE
tions referred TO the executive COM
mittee.
The board OF directors organized by
electing President Eliot chairman; Pres
ident Harper, vice chairman, and Presi-
dent Thwing, secretary