The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-03-03
Outlet for RockefeIIer's Vast
Wealth to Be Located at
Washington if His Bill Is
Acted Upon.
WANTS TO BE RIVAL
OF ANDREW CARNEGIE
institution to Be Incorporated
Seeks to Advance CiviIiza-
ton and for Progress of
Americans.

Washington, March 3.-Steps were
taken yesterday to incorporate the
Rockefeller Foundation in the Distric.
of Columbia. A bill for this purpose
was introduced by Senator Gallinger
and was referred to the Committee on
Judiciary.
The purpose of the foundation is to
provide general organization to con-
duct philanthropic work along all lines.
1t is understood that the foundation
will be endowed largely by John D.
Rockefeller, and that he takes this
means to dispose of a large part of his
enormous wealth.
The .ncorporators named in the bill
are John d. Rockefeller, John d. Rock
efeller, Jr., Fred r. Gates, Starr J.
Murphy and Charles O. Heydt. These
incorpclators are authorized to select
associates. not to exceed a total of .,
and it is provided that there shall not
be at airy time less than five.
To Advance Civilization.
The Rockefeller foundation. accord
Ing to the bill, is organized to pro-
mote the we'll being and advance the
civilization of the people of the United
States end it's possessions in foreign
lands, and for the acquisition and dis
semination of knowledge for the pre-
vention and relief of suffering and
promotion of any and all of the ele-
elements of human knowledge.
1t was said by Senator Gallinger that
Mr.. Rockefeller already had given
away $52,OOOOOO, and that he was
seeking method of disposing of his
fortune that would benefit mankind.
The foundation is organized on lines
similar TO the Carnegie Foundation for
the Advancement of Teaching.
AS in the case of the latter institu-
ton, the Rockefelle: Foundation will
be authorized to receive and dispense
gifts of money other than those OBJ
tanned from the original endowment,
the amount of which has not been fix
ed.
Intends to Beat EN- All.
When asked regarding the bill, Sen
ator Gallinger said:
II an. not authorized to speak for
Mr.. Rockefeller, but there is no doubt
that Mr.. Rockefeller intends to give
away his money on a scale greater
than any other living man.
II am not acquainted with all the
details of Mr.. Rockefeller's plan. but
it is expected that Washington will be
made the headquarters"
The scope of the foundation is very
broad, although embraced in very
short section of the bill This sec.
tion reads:
THAT the object of the said incor-
poration shall be to promote the we'll.
being and to advance the civilization
of the peoples of the United States and
it's territories and possessions of for.
eign lands in the acquisition and dis
semination of knowledge; in the pre-
vention and relief of suffering, and in
the promotion of any and all of the ele
ments Of human progress"
Still, There's Enough.
Etar J. Murphy. one of the incorpo
rators named in the bill, says he does
not yet know what endowment the
foundation will have.
The bill introduced today" said
Mr.. Murphy, lis intended to broader
the scope of Mr.. Rockefeller's philan
thropies, and is almost identical ir
form with the act of congress of 1903
under which the Rockefeller educa
tional fund was authorized.
The bill makes it possible for Mr.
Rockefeller to go into any worm o.
philanthropy in the world, whereas the
tied.
The fact that the incorporators IL
both instances are almost identica
simply means that Mr.. Rockefeller be
lieves their experience will be Of bene
fit in future work"
Estimates of Mr.. Rockefeller's pas
benefactions and present, fortune yer,
largely. 1t is conceded that in charit,
he has but one leader-Andrew Carne
gie-and the best opinion is that Mr.
Rockefeller has given away something
like S131 100000, as against S162 600,
600 for Mr.. Carnegie.
Rivalry 10 Friendly.
The rivalry between Mr.. Rockefelle
and Mr. Carnegie in getting rid of thei
riches has been of the most friendl,
nature. When Mr.. Carnegie gave Sc,
10000 to Pittsburg charities Mr.
Rockefeller telegraphed him:
"You have my best wishes in all you
grand efforts to help your fellow man
I hope and trust that our prosperous
men the country over will be stimulat
ed to emulate your noble example.
believe that untold good would result
therefrcm."
Mr.. Carnegie replied as follows:
Many thanks. fellow worker in thu
task Of distributing surplus wealth TO
the good Of others. clasp your hand
Your congratulations are highly val
ued'
A putty knife with a reservoir In thu
handle from which putty can b.
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