The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1906-12-14
THE NOBEL PEACE PRIZE
NORWAY sToRTHiNG coNFER5
1T ON THE PRESIDENT.
President Donates Il as the Fou7c%
ton Of a Fund 70 Promote Indus
trial Tranquility.

tridf iFaNlAiAtkgs
Washlngton-C. Hauge the minister
from Norway. called al the White
House AMI informed President Roose-
yelt that the Norwegian storthing had
coferred on him the Nobel peace prize.
A message 10 the same effect came
from Mr. Loyeland. the chairman OF
the Tobel committee. who conveyed
TO the president hearty good wishes
and an expression Of high esteem.
United states Minister Peirce. G:
Chrlstiania. had been told Of the ac-
ton OF the committee on Dec. ], and
in advising the president proHered his
profound congratulations ON this
well-merited recognition of your great
ana wise international policy lie
asked that in compliance with the re
quest made by the Norwegian min
lister OF foreign AFFAIRS. and II agree
able TO the president. he be delegated
10 receive the diploma. medal and
prize.
The amount Of money represented
In the prize Is 1885 crowns. or $751;
1875.
Statement from, the White House.
The following statement governing
T the proposed disposition OF the prize
money which is said TO be tentative
and subject TO change as regards de-
tails. was made az the White House:
The amount OF the Nobel peace
prize will be conveyed by the presi-
dent 70 the trustees. 10 be by them
used as the foundation CT a fund. the
income OF which shall be expended Tor
bringing together in conference al
Washington and especially during the
sessions Of congress. Representatives
Of labor and capital for the purpose
OF discussing Industrial problem:
with view OF arriving al a better un
derstanding between employers anG
employees. and thus promoting indus
trial peace The president, with thei
consent. will appoint as trustees o
the fund the chief justice Of the Unit
ed States. the secretary Of agriculture
the secretary Of commerce and labor
a representative OF labor and a repre-
sentative Of capital The fund will b.
conveyed TO the trustees TO be he'll
in trust for the following purposes:
ITO invest and re-invest the prir
cipal OF the fund; 10 receive any az
ditions which may come to IL by cor
.ribution. and invest and re-inves
them 10 pay over the inc me fror
the fund and its additions 10 con
} mittee OF six. TO be selected by III
; trustees. two to serve one year
r two for two years and two for thre
] years. three OF its members 10
representatives OF labor and thr5
! OF capital. chosen for distinguish
service in the industrial world Il
). promoting righteous Industrial peac
and, to fill any vacancies which ma
occur in this committee by selectio
and appointment in the same mann'
, in which the committee Is original
selected. and appointed.
:. The committee Of six 10 be callr
The Industrial Peace COMMITTEES
shall have charge OF the annual al
OlutT NDlltI tiItH IipNAAfh lol uAAA
:, other conferences provided for und
:. the terms Of the foundation: shall I
- ceive suggestions for the subjects
be discussed; shall lead the discussi
= al and published the results Of
y conference.
Il There shall be one annual conf
IL ence. and the committee OF six sh.
IS be given authority TO call special CO
ferences in case OF great industr
n crisis. The income paid over 10 Z
IL committee by the trustees shall
r. used for the expenses incurred
H. them in the performance Of tn
8 duties. II shall be provided in Z
terms OF the trust that the preside
20 OF the United States shall fiji I
q vacancies which may occur in I
o. number OF trustees"