New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-07
TO USE NOBEL PRIZE.
Senator Daniel Introduces Bill
Establishing Commission.
[From The Trlbune Rureau.l


Washington. Feb. 6-Presdent Roosevelt's plans
for Industrial peace. extended by the commits
sion already designated by him. have been present.
ed TO Congress and will soon become part OF the
laws OF the land. Senator Daniel OF Virginia, a
Democrat, but ardent admirer OF the Presidents
theories. has introduced the approved bin IN the
Senate. 1t provides for the establishment and
tension OF the commission created by the President
and defines its scope and powers Under the caption
OF Senate Bill No. $500. Senator Daniel asks Con-
gress TO authorize the Foundation for the Promo
tIOn OF Industrial Peace and 10 make legal its
rights and purposes
The board of trustees at first announced by the
President 10 take charge of the Nobel Peace Prize
Fund. which he received from Norway. was COM
posed OF five members namely. the Chief Justice OF
the United States the Secretaries OF Commerce and
Labor and OF Agriculture. with John Mitchell, rep
resentng labor. and Marvin Hughtt, representing
capital Under the bill introduced by Senator Dan
lei the commission. which shall eXpend the fund.
is increased by two. the additional members being
two persons TO represent the general public" Au-
thOrity is given the commission thus created to
receive the Nobel Peace Prize awarded to the
President and by him devoted to this foundation.
and TO administer 1t in accordance with the pur-
poses herein defined" 1t shall be the duty of the
invest and renvest the principal OF this
foundation, TO receive any additions which may
come to it by gift. bequest devise. and to in
vest and reinvest the same"
Any vacancies occurring in tho board shall be
filled by Presidential appointment, and the income
tee of nine persons" to be known as The Indus
trial Peace Committee" This committee shall be
selected by the trustees. three members to serve
for the period of one year. three members for the
period of two years. and three members for the
period of three years: three members of this COM
mttee to be representatives of labor. three to be
representatives OF capital each chosen for dstin-
guished services in the industrial world in promo
ton of righteous industrial peace, and three mem
bers to represent the general public"
The bill provides that any vacancies IN the COM
mttee shall be filled by selection and appointment
In the prescribed for the original appoint
ment of the committee. The Industrial Peace Com
mil fnA Qhn n IN
Washington for the purpose of discussing industrial
problems. with view OF arriving at a better
Understanding between employers and employees
and II shall call special conferences IN case OF
great industrial crises. and at such other times
may be deemed advisable"
Section OF the bill authorizes the trustees to
hold real and personal property in the District of
Columbia to the amount of So O00O0 for the founda
ton. The foundation is authorized and empowered
'at its discretion TO cooperate with any instltu
lions or societies having similar or like purposes.
A striking feature in Senator Daniels bill Is the
suppression of President RooSeVelt's No
hint reference is made to the real originator OF
the idea in the first section OF the bill, where
appears the sentence, with authority to receive
the Nobel peace prize awarded to the President and
by him devoted TO this foundation