New-York tribune., 1906-12-11
ppHE FOR PRESIDENT.
.ncrTVES NOBEL AWARD.
To Be Used for a Permanent
r.5ustyiI Peace Committee.
rrn,m The g,rIhune Rureau.l


,,on Dec. IO-The President was off,
,.soryned to-day by the Norwegian Minis
oiaie rJsuse. that the Norwegian Parliament
fef 11s.s 11-. che Nobel Peace Prize 10 him for
haa - ~, war between Russia and Japan TO
sr'ls shortly after Minister Hauge left the
81 60 -yo,sa Secretary Loed made public the
WIZ MH''N,sence bearing on the prize. Chief OF
co., !, these papers IS the message sent
m"' -,..,sent Roosevelt TO the Norwegian
= - IN which he announces that he will
s0'.'. ,La money 10 the foundation OF a fund
oe'S .--,,snent industrial peace committee fin
washington.
- p7es,dent was informed nearly two weeks
.a+ the prize had been awarded TO him
=. representatives OF the Parliament in
= = %%s....,,s and he was requested TO designate
.rson 10 act as his proxy on December 10,
-, she prize was 10 be publicly bestowed.
-, President named the United States Minis
: 17erbert H d. Peirce. The selection of Mr..
-,.t-,s was particularly graceful. as Mr.. Peirce
~, Assistant Secretary of State, acted as the
-.ass,.atiy-e OF the United States at the Ports
.,b Peace Conference. which crowned the
p,.sident'g peecemaking efforts with success.
.,s made him the candidate above all others
=. the distinguished honor lie received to-day.
A message from Mr.. Leeyland. the chairman
q, the Nobel committee. conveyed to the Presi-
ssrt hearty good wishes and expression OF
t,gb esteem Minister Peirce. in advising the
PRESIDENT. offered his congratulations ION this
v-su rnerited recognition Of your great and wise
International policy" The amount OF money
rsnresented by the prize is 1885 crowns. or
S7.l27 e..
The following statement governing the dis
nosition Of the prize money, which is said TO be
tentative and subject TO change as regards de-
tafs. was made az the White House:
The amount Of the Nobel Peace Prize will he
conveyed by the President to the trustees. to be
Nv them used q foundation Of a fund. the in
oome Of which shall be expended for bringing
together IN conference at Washington, especial
" during the sessions OF Congress, representa-
lives Of la Dor and capital for the purpose Of
discussing industrial problems. with a view TO
arriving al a better understanding between em-
Movers and employees, and thus promoting indus
trial peace. The President, with their consent.
viii appoint as trustees of the fund the Chief
Justioe Of the United States, the Secretary Of
Agriculture, the Secretary Of Commerce and
Labor a representative Of labor and a repre-
sentative Of capital. The fund will be conveyed
70 TIE trustees 10 be held IN trust for the fol-
lowing purposes:
To invest and reinvest the principal Of the
fund; 10 receive any additions which may come
70 il by contribution, and invest and reinvest
them; 10 pay over the income from the fund
End its 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 10 be representatives OF
labor and three OF capital, chosen for distin-
guished service IN the Industrial world for pro-
noting righteous industrial peace, and TO fill
any vacancies which may occur in this COM
Hittee by selection and appointment in the same
manner in which the committee IS originally
selected ana appointed. The committee of six,
70 be called 'the Industrial Peace Committee"
shall have charge Of the annual and other con-
ferences provided for under the terms OF the
f1undations shall receive suggestions for the
subjects 10 be discussed; shall lead the discus
sion al and publish the results of the confer
ences There shall be one annual conference,
and the committee of six shall be given au-
thorlty 10 call special conferences in case OF
great industrial crises. The income paid over
70 the committee by the trustees shall be used
tor the expenses incurred by them in the per-
formance Of their duties. 1t shall be provided
N the terms of the trust that the President Of
The United States shall fill the vacancies which
may occur IN the number OF the trustees.