Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1906-12-13
MONEY USED TO
PROMOTE PEACE
PRIZE RECEIVED BY ROOSEVELT
DEVOTED TO CAPITAL AND
LABOR STRIFE
Commission Will Be Named to Have
Charge Of the Expenditure Of the In
come From the Nobel Peace Prize
Presented Roosevelt.

Washington, Dec. lie. Hauge, the
minister from Norway, called at the
White house and informed President
Roosevelt that the Norwegian Shroth-
ing had conferred on him, the Nobel
peace prize. A message to the same
effect came from Mr.. Leovland, the
chairman Of the Nobel committee, who
conveyed to the President hearty good
wishes and an expression Of high es-
TEEN.
United States Minister Peirce at
Christiana had been told Of the action
Of the committee in December and in
advising the President preferred pro-
found congratulations ION this well
merited recognition of your great and
wise international policy" He asked
that in compliance with the request
made by the Norwegian minister OF
foreign affairs, and If agreeable to
the President, he be delegated to re-
ceive the diploma and prize. The
amount of money represented in the
prize is 1885 crowns or $37, 1855.
The following statement governing the
proposed disposition of the prize
money, which is said to be tentative
and subject to change as regards de-
tails was made at the White house.
To Found Labor Fund.
"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
- an a
of labor and capital for the purpose OF
view of arriving at better under
standing between employers and en-
ployes, and thus promoting industrial
peace. The President, with their con-
sent, will appoint as trustees OF the
fund, the chief justice Of the United
States, the secretary Of agriculture,
the secretary of commerce and labor.
representative of labor and rep
resentattve of capital. The fund will be
conveyed to the trustees to be held in
trust for the following purposes:
"To invest and re-invest abe princi-
pal of the fund, to receive any addi-
lions which may come to 1T be contri-
button, and invest and re-inyest them,
(. to pay over the income of the fund
and it's additions to a committee of six
4 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 Ia
Dor and three of capital to be chosen
for distinguished service in the indus
trial world for promoting rights of in
dustrial peace, to fill the vacancies
which may occur in this committee by
selection and the appointment in the
same manner in which the committee
is originally selected and appointed.
A Peace Committee.
), The committee Of six to be called
"the industrial committee" shall have
charge of the annual and other confer.
ences provided under the terms of the
foundation; shall receive suggestions
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 in
dustrial crises. The income
paid over to the committee
by the trustees shall be used fol
the expenses incurred by them in the
: performances of their duties. 1t shall
I be provided by the terms of the trus
that the President of the United
States shall fill the vacancies which
may occur in the number Of the trus
tees.