Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1910-12-21
Sl0,000,0OO GIFT
FOR WORLD PEACE
Carnegie Gives Bonds for Battle
on War.
TRUSTEES TO HAVE CHARGE
Elihu Root at Their Head and Taft
Is Honorary President-Founda-
ton is to Be Per-
petuaI.

Washington - Andrew Carnegie
turned over to q trustees $10,000,000
in FIVE per cent. first mortgage bonds,
now valued at 81. 100000, to be de-
voted to the establishment of uniyer-
sal peace and the progress and happi
ness of man.
When wars between nations shall
have ceased, the fund is 70 be applied
to such altruistic purposes as will
best help man in his glorious ascent
onward and upward" by the Danish
ment of the most degrading evil or
evils" then harassing mankind
Carnegie Reads Deed.
AS Mr.. Carnegie read an informal
deed Of trust announcing at length the
general purpose of his gift there was
prolonged applause. He then ex-
planned the incidents which inspired
the giving of the money at this time
and declared with emphasis that If the
English speaking race in the United
States and Great Britain once consoi-
dated in the movement for interna-
tiOnal peace the success of the meas
ure in the rest of the world would be
assured. That Great Britain stood
ready to cooperate with this country
Mr.. Carnegie said he felt certain, and
all that was now needed he added, was
the concurrence of the president and
the senate in promulgating the move
ment on behalf of the United States.
A resolution of thanks was present
Il l. TT T. i
States ambassador to Great Britain,
which was adopted, and John L. Cad
walader of New York proposed that
committee of seven be appointed to
consider the subject of the organiza-
ton of the body of trustees, the form
of charter to be obtained and other de-
tails of organization. This resolution
also was adopted.
Root Elected Chairman.
Senator Elihu Root of New York
was unanimously elected permanent
chairman and James Barry Scott, so
icitor of the state department., was
chosen permanent secretary of the
board of trustees until a more definite
organization shall have been effected.
President Taft has consented to be
honorary president of the foundation.
Exactly what purposes will be
served by the gift of $11 500, coo and
its estimated annual income of $780,,
600, none OF the trustees could say, as
the whole project has been brought
forward under the most general terms,
leaving wide discretion and comprehen-
sion to the trustees in the fulfillment
of the premises of the gift.
Prominent Men as Trustees.
Trustees of the fund are: Senator
Elihu Root, former secretary of state
and former secretary of war; Dr.
Nicholas Butler, New York, president
of Columbia university Dr. Henry S.
Pritchett, president of the Carnegie
Foundation for the Advancement of
Teaching; Joseph H. Choate, lawyer,
former ambassador to Great Britain;
Albert X. Smiley, Lake Mohonk, edu
Gator and humanitarian; Dr. Charles
W. Eliot, president emeritus of Har-
ward university; James Brown Scott,
solicitor of the state department; John
w. Foster lawyer, former secretary of
state; Andrew J. Montague, lawyer,
former governor OF Virginia. William
NJ. Howard, lawyer and congressman,
Lexington, Ca. Judge Thomas Burke,
Seattle, Wash; James L. Slayden,
congressman, San Antonio, Texas: An
drew d. White, former ambassador to
Germany; Robert S. Brookings. law
yer, st. Louis; Samuel Mather, banker
and steel manufactures, Cleveland:
]. G. Schmidlapp, railroad man, Cincin-
natl; Arthur William Foster, regent of
the University of California, San Fran
cisco; r. A. Franks, banker Hoboken,
N. j.; Charlemagne Tower former am
bassador to Germany and Russia; Os-
car Strauss, ambassador to Turkey;
Austen G. Fox, lawyer, New York;
John Sharp Williams, senator-elect
from Mississippi; G. L. Taylor of Pitts
burg, chairman of the Carnegie hero
fund commission; George w. Perkins
Of New York, financier and philan-
thFopist Robert S. Woodward of
Washington, president of Carnegie in
stitution; Cleveland H Dodge of New
York, secretary of Carnegie institution
of Washington.