Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-03-03
Son Of Oil King VIII BE-
Active Head Of
Foundation.
TOTAL BENEFACTI0NS MAY
REACH $1,000, 900, 600
Scheme Plans Most Gigantic
Philanthropic Enterprise In
History OF World.

NEW YORK, March John D.
jrs viii probably become
the active head Of the new Rockefeller
Foundation and devote his entire time
to the philanthropic work undertaken
by his father.
To this end young Mr.. Rockefeller re-
signed as a director of the STANDARD Oh
Company on January H. Mr.. Roelse-
feIler this week severed his. connee-
ton with the Z. S. Steel CORPORATION,
and plans to retire from all active busl-
ness relations, that he may be unhan,-
pered in the direction Of the Roekefel-
Ter Foundation.
The control and direction of the vast
sums of the Rockefeller Foundation in
volve task which will require tbs
undivided energies of young Mr. Rocke-
feller for years TO come.
Text of Measure.
The sweeping character Of the under
taking proposed by the founder of the
Standard Oil trust is demonstrated in
the measure that provides for its incor-
pora ton the text OF which follows
The object of the said corporation
shall be to promote the well-being
and to advance the civilization of
the peoples of the United States and
its territories and possessions and
of foreign lands in the acquisition
and dissemination of knowledge; in
the prevention and relief of suffer-
ing; and in the promotion of any
and all of the elements of human
progress.
For the promotion of such objects
the said corporation shall have
power: To establish, maintain and
endow. or to aid others, whether
individuals. associations or corpora
tions. to establish. maintain and en-
dow institutions and other agencies
for carrying on said objects and
any of them; to purchase, hold, sell
and convey real estate necessary or
convenient for the said corporate
objects. and TO erect, improve, en-
large and equip buildings and other
structures necessary or convenient
for said objects or any of them;
and to acquire. make and furnish
all necessary or convenient APP
paratus and other accessories; to
employ and aid others to employ
teachers. lecturers, assistants and
agents; to donate to any individual
association or corporation engag ged
in similar work money or property.
real or personal, which shall at any
time be held by the said corpora
ton hereby constituted, subject to
the terms of any gift, grant, be-
quest or devise by which the said
corporation shall have received the
same; to collect statistics and in
formation and to publish and dis
tribute books. documents and re-
ports containing the same and in
general to do and perform all things
necessary or convenient for the pro-
lection of the object of the corpora
ton.
Names of Incorporators.
The incorporators and name Of th
chartered organization are thus an
nounced:
That John D. Rockefeller, John D.
Rockefeller. jr., Fred T. Gates, Starr
J. Murphy and Charles o. Heydt
together with such persons as they
may associate with themselves, and
their successors. be, and they here
bv are. constituted body corporate
OF the District of Columbia,
That the name OF such body cor
porate shall be The Rockefeller
Foundation. and by that name It
shall have perpetual succession
1t is also stipulated in the bill tha
~the enumeration of special powers Il
this act shall be deemed 10 be by wa.
4 lzxr of
itation of the general powers heren.
granted.
The members OF the corporation
shah be not less than five in num-
her and not more than twenty-fiye,
as may be prescribed by the by
laws
The principal Office Of the corpora
ton shall be located in the District
OF Columbia. but offices may be
maintained and meetings of the cor
poration. the trustees and commits
tees may be held in such other
places as the bylaws may from
time TO time designate
Senator Galllnger who introduced III
bin and who is chairman of the com
mite which will consider Il. said =
knew little regarding the details Of Nr
Rockefellers proposition.
"The bill was sent te me for intro
duction. = he said. ''hy Mr.. Rockefeller
LAWYERS. They did not give me an
Sexplapation Of its purposes beyond tfaa
indicatedNin its phraseoiogv
Il believe the corporation proposes
win be made the vehicle by which Nj
Rockefeller will dispose Of virtually al
of his hundreds of millions of dollar
before his death and nut large sums I
trust for the continuance of the work
Evidently bis intention is to spen'
money on 2 scheme of philanthrophl
more gigantic than ever conceived by
hun,an beiug in the history Of n
world
81 sincerely hope the measure he i'a
offered will be speedily <passed by tbl
Senate and enacted into law
Starr J. Murphy, Mr. Rockefeller