Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1910-03-11
TO GIVE away MILLIONS
John D. Rockefeller VIII Use His
Wealth to Benefit Mankind.
ROCKEFELLER FOUNDATION
Great Rivalry Between Rockefeller and Carne-
gle In Giving Rockefeller Has Given $751;
100000 and Carnegie $l62, 100000.

Washington, D. C.-Steps were ia
ken to Incorporate the Rockefeller
foundation in the District of Colum.
bia. The bill for this purpose was
introduced by Senator Gallingher, and
was referred to TIA -oammittae- on -ju.
dietary. The purpose Of the founda-
tion is to provide for a general or
ganization to conduct philanthropio
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 q large part of his enormous
wealth.
The incoyporators named in the
bill are John D. Rockefeller, John d.
Rockefeller, Jr.. Fred T. Gates. Starr
]. Murphy and Charles o. Heydt
These incorporators are authorized
to select associates, not to exceed a
total of twenty-five
1t was stated by Senator Calling
iler that Mr.. Rockefeller already had
given $52,000.0OO and that he was
seeking a method of disposing Of his
fortune that would benefit mankind.
The Rockefeller foundation will be
authorized to receive and dispense
gifts of money other than those OBJ
tanned from the original endowments,
the amount of which has not been
fixed.
The scope Of the foundation is very
broad, although embraced in very
short fraction of the bill. This section
reads,
THAT the object of the said cor
poration shall be to promote the we'll
being and to advance the civilization
Of the people 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 suffering and
In the promotion Of any and all Of the
elements Of human progress"
While drawn generally along the
lines of the act Incorporating the
Carnegie foundation it goes much
further, since the Carnegie founda-
ton is designed chiefly to provide for
q scientific retirement and pensioning
of superannuated teachers.
New York Clty.-Estiamtes Of Mr..
Rockefsller's past benefactions and
present fortune vary largely. It Is
conceded that in charity he has but
one leader-Andrew Carnegie-and
the best opinion is that Mr.. Rookie
feller has given away something ap-
preaching $131, 100000, as against
$162, 100000 for Mr.. Carnegie. In,
leading Rockefeller gifts have been:
General education board, 353,000,-
900; University of Chicago, $25,00O,-
900; Rush Medical College S6.000,-
600; Institute for Medical Research,
| $4.300.O00; churches (known), $3..
100000.
The rivalry between Rockefeller
and Carnegie in getting rid OF their
riches has been of the friendliest ma
ture.
How much Mr.. Rockefeller has left
Is even harder to guess than how
much he has given away. In 1S9,
Frederick T. Gates, one of Rockefel-
lsr's agents in charity, said:
"Mr. Rockefeller himself has au-
tnorized the statement that his for
tune cannot exceed S200,000,000, and
that In his most prosperous year mis-
income was not above $20,000,000. His
holdings of Standard Oil stock are
not above 20 per cent of the total
issue outstanding"
On the other hand the late H. H.
Rogers is quoted as having said In
1906:
Il know for a fact that Mr.. Rookie
feller's income will not exceed $780,
100000 next year."
The late Senator Hoar Of Massa-
chusetts estimated that Rockefeller 8
| fortune totaled one billion dollars.