The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-02-22
RESULT Of THE
NOBEL PRIZE
Industrial Peace to Be Promot-
ed by the Organization of
a New Association.
Especial to The HeraldN


Washington, Feb. 21.-"The Founda-
ton for the Promotion of Industrial
Peace" win be the title Of an institu-
ton in the United States. the first in
the world to be established by nation
al government for that specified p,lr-
pose. This founda ton will be the direct
result of the award to President Roose-
welt of the share of the Nobel prize for
1906 as the person who shall have most
or best promoted the fraternity of ma
lions and the adjustment OF diminution
OF standing armies and the formation
and increase of peace congresses
AS is we'll known, this prize was
awarded to Mr.. Roosevelt because of his
good offices in promoting the conference
at Portsmouth, n. H., which resulted in
the treaty of peace between Japan and
Russia, 1t is equally we'll known that
in accepting the award, President
Roosevelt announced his purpose of
making it the nucleus of a fund, the
income of which should be expended
for bringing together in conference at
Washington, especially during the SEES
siOns of congress, representatives of
labor and capital, with the view of ar
irving at a better understanding be-
tween employers and employees, and
thus promoting industrial peace.
Proposed Law.
This ideal project has been embodied
in a bill. which was introduced into
both houses of congress on Feb. ). 1907
AS no resistance 10 the measure is an
ticipated, the bill is confidently expect
ed to become a law before the expira-
ton of this congress. 1t is privately
understood that this measure was form
ulated by Oscar s. Straus. secretary of
commerce and labor, and that it under
went the favorable scrutiny of the pres
ident.
The provisions of the bill are of in
terest, not alone to the participants in
the various efforts to bring into har-
mony employers and wage-earners. but
also to the friends of international
peace. The principle upon which Pres
ident Roosevelt acted in thus dedicati ting
to industrial peace an award for pro-
noting international peace is that the
two are interacting; that the internal
harmony and resultant business activ-
ity and commercial prosperity of a ma
ton all conduce to moral uplift and
domesticity. and consequently to the
good will toward all the remainder of
mankind, without restriction by pOlit-
ical boundaries OF racial differences.
Seven Trustees.
The bill creates as trustees of the
foundation the chief justice of the
United States, the secretary of agricul-
ture and the secretary of commerce and
labor, together with a representative of
labor and a representative of capital,
and two persons to represent the gen
eral public, to be appointed by the
president of the United States, who is
empowered to fill any vacancies.
The seven trustees are to invest and
reinvest the principal of this founda-
ton and any additions which may come
10 it by gift, bequest OF devise.
While the peace share of the Nobel
prize awarded to Mr. Roosevelt is
about s37, 900, it is understood that after
the creating Of the Foundation for the
Promotion of Industrial Peace the cap
ital dedicated to it's purpose will be in
creased by contributions within rea-
sonable time to an amount estimated
at some s., O00,O 900.
The income from the foundation is to
he maid in whole or in part, Dy the
trustees TO a committee of nine persons,
70 he known as 1.-The Industrial Peace
committee" This committee is to be
selected by the trustees, three members
to serve one year, three members Two
wears and three members three years
Three members of this committee are
to be representatives of labor, three
SIRE to represent capital and three are
70 renresent the general public. Any
vacancies occurring in this committee
are TO be filled by the trustees, and
after its first appointment each member
is to serve three wears.
Annual Conference.
IT will be the duty of this committee
to arrange an annual conference in