The Jersey City news., 1906-12-11
HONOR FOR PRESIDENT
Norwegian Parliame.as. Awards
Nobel Peace Prize to Amer
iGan Executive.
WILL FIGHT INDUSTRIAL WAR

Money Won by Helping to Stop Russo
Japanese Conflict Will Be Devoted to
Mr.. Roosevelt sends Thanks to the
Storthins.
Washington, Dec. 11.-C. Hauge, the
minister from Norway, called at the
White House and informed President
Roosevelt that the Norwegian parlia
ment had conferred on him the Nobel
peace prize for his work in ending the
Russo-Japanese war. A message to
the same effect came from Mr.. Leey-
land, the chairman of the Nobel COM
mittee, who conveyed to the president
hearty good wishes and an expression
Of high esteem.
United States Minister Peirce at
Christiania had been told of the action
of the Committee on Dec / and in adj
fising the president proffered his pro-
found congratulations ''on his well
merited recognition of your great and
wise international policy" The amount
of money represented in the prize is
t38, 8,536 crowns 1881. .127.65).
viii Seek Industrial Peace.
The following statement governing
the proposed disposition of the prize
money, which is said to be subject to
change as regards detail, was made at
the White House:
1.-THE amount of the Nobel peace prize
will be conveyed by the president to
the trustees, to be by them used as a
foundation of a fund the income of
which shall be expended for bringing
together in conference at Washington.
especially during the sessions of con-
gress, Representative of labor and
capital for the purpose of discussing
Industrial problems with he view TO
arriving st a better understanding be-
tween employers and employees aud
faus promoting industrial peace The
president. with their consent, will al
point as trustees Of the fund the chief
tHstice of tie United States, the secre-
tafy Of agris. sure, the secretary Of
commerce and labor, a representative
of labor and a representative of capi-
tai. The fund will be conveyed to tie
trustees to be held in trust for the fol-
lowing purposes:
Purposes of the Fund.
ITO invest and reinvest the principal
of the fund, to receive any additions
which may come TO it by contribution
and invest aud reiavest them, to pay
over tie income FF5ta the fund and its
additions tc Il 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 It's mem
/ bers to be Tepresentatiye Of labor and
three Of capital. chosen for distinguish
ed service ii the industrial world for
promoting righteous Industrial peace,
and to I'll anT vacancies which may
occur III This committee by selection
and appointment in the same manner
III winch the committee is originally
selected and appointed The commit
tee OF six, to Ee called the Industrial
+ peace committee shall have charge IF
the annual and other. conferences pro
vided for under the terms Of the foun-
dation, shall receive suggestions for
the subjects to be discussed and shalt
lead the dieeussion at and publish the
results OF tie conferences"
Previous Peace Prize Awards.
The peace prize went last year to
/ Baroness Won Suttner of Vienna and
in previous years to w. K. Cremer,
M. P, of 1ngland; Professor de Mar
tens of Russia and Henri Dunant
founder of the Red Cross.
The Nobel peace prize is part of a
bequest left by DR.. Alfred Bernhard
Nobel, the Swedish scientist, who died
in 1896. BY his will large portion Of
his fortune was devoted to five annu i
| prizes, each valued at Jut $4,000
They We're awarded for tie most i'm
portant discoveries il physics, in chem
istry. in physiology or medicine; for
the most distinguished work of an
idealistic tendency in the field of liter
ature, and for the best effort toward
the fraterlsity of nations and the pro
motion of peace The last named is
awarded by the Norwegian storthing
The others are awarded by institutions
| at Stockholm