The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1906-12-12
THE NOBEL PEACE PRIZE.
Proposed Disposition of the
Money Award.
viii Be Conveyed by the President to
Trustees to Be Used In Bringing
Together In Conference Represen.
tatives Of Labor and CapltaI-com.
mittee Of Six Appointed.


Washington, Dec. 11.-C. Haughe,
The minister from Norway, called at
The White House and informed Presi.
dent Roosevelt that the Norwegian
storthing had conferred on him the
Nobel peace prize. A message to the
same effect came from Mr.. Leevlad
the chairman of the Nobel committee,
who conveyed to the president hearty
good wishes.
United States Minister Peirce at
Christiana had been told of the action
on Dec. and in advising the presi-
dent offered his congratulations. He
asked that in compliance with a re-
quest by the Norwegian minister of
foreign affairs, if agreeable to the pres
ident, he be delegated to receive the
diploma, medal and prize. The amount
OF money represented in the prize is
1886 crowns, or $37,127.
A statement governing the proposed
disposition of the prize money, which
is said to be tentative and subject to
change as regards details, was made
at the White House. 1t says
THE amount of the Nobel peace
prize will be conveyed by the presi-
dent to the trustees, to be by them
used as the foundation of fund, the
income of which shall be expended for
bringing together in conference at
Washington, especially during the ses-
sions of congress, representatives of
labor and capital for the purpose of
discussing industrial problems with
the view to arriving at better under
standing between employers and en-
ployes, and thus promoting Industrial
peace.
"The president, with their consent,
will appoint as trustees of the fund
the chief justice of the United States,
the secretary of agriculture. the Sec
retary of commerce ad labor, a repre-
sentative of labor and representa-
tiNO VI Sopilul ut luHu VIII De COll-
veyed to the trustees to be held IL
trust for the following purposes:
ITO invest and reinvest the princi-
pal of the fund; to receive any addi-
tions which may come to it by contri-
buttons and invest and reinvest them;
to pay over the income from the fund
and the additions to a committee of
six to be selected by the trustees, two
to serve for one year, two for two
years and two for three years, three
of its members to be representatives
of labor and three of capital, chosen
for distinguished service in the indus
trial world for promoting righteous
industrial peace; and to fill any va
cancies which may occur in this COM
mittee by selection and appointment
in the same manner in which the COM
mittee is originally selected and ap-
pointed.
The committee of six, to be called
the industrial peace committee, shall
have charge of the annual and other
conferences provided for by the terms
of foundation; shall receive sugges-
tions for the subjects to be discussed;
shall lead the discussion at, and pub.
lish the results of, the conferences.
There shall be one annual conference,
and the committee of six shall be Civ |
en- authority to call special confer |
ences in case of great industrial crises
"The income paid over to the COM
mittee by the trustees shall be used |
for the expenses incurred by them in
the performance of their duties. 1t
shall be provided in the terms of the
trust that the president of the United
States shall fill the vacancies which
may occur in the number of the trus-
tees"