The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-12-14
Andrew Carnegie Today Trans
fers Bonds Of That Amount
to Board of Trustees to
Stop All War
DENEFACTIONS, SlSO,OOO,OOO
His Gift of Today Brings His Total
Donations For Various Purposes
Up to That Amount. Trustees
Are Named.

washington, ID. c., Dec. 14.-Andrew
Carnegie today transferred to a board
of trustees ten million dollars of five
per cent first mortgage bonds, their
present value being $11,500000, the
revenue of which is to be used TO
"hasten the abolition of International
war" and establish lasting world peace.
The trustees organized by choosing
as president, Senator Root, permanent
representative OF the U. S. at The
Hague tribunal. President Taft con-
scented 10 be honorary president of the
foundation.
The method by which the income of
half a million dollars will be expended
Is left entirely in the hands of the
trustees. The foundation is to be per-
petual and when the establishment of
universal peace is attained the donor
provides the revenue shall be devoted
10 the Punishment of the next most
degrading evil of evils" the suppress
sion of which would "most advance
the progress, elevation and happiness
of men,"
Board of Trustees Named.
The trustees are Senator Root;
President Butler of Columbia Univer-
sity: President Pritchett of the Carne-
gle foundation for the advancement OF
teaching: Joseph II. Choate, exam
bassador to Great Britain; Albert K
Smiley. of Lake Mohonk, educator and
humanitarian; DIR. Eliot, president
Emeritus of Harvard University;
James Brown Scott, solicitor of the
state department; John w. Foster, ex-
secretary of state; Andrew j. Mon
tague, ex-governor of Virginia; Will
lam NJ. Howard, congressman. Lex
ington, Ga; Judge Thomas Burke, Sc
attle. Washington; James l.. Slayden
congressman San Antonio, Texas
Andrew ID. White, ex-ambassador L
Germany; Robert S. Brookins. lawyer
st. Louis; Samuel Mather, steel man
ufacturer. Cleveland; j. @. Schmid
lapp railroad man, Cincinnati; Arthu
William Foster, regent of the Univer
sity of California, San Francisco; h
A. Franks, banker, Hoboken, N. D.
Germany and Russia: oscar Strau'
ambassador to Turkey; Austen G. Foo
lawyer New York: John Sharp VIII
Jams, senator-elect from mississippi
c. l.. Taylor, Pittsburg, chairman 9
the Carnegie hero fund commission
and George w. Perkins, New Yorl
financier and philanthropist.
Carnegie's Benefaetions.
New York, N. Y, Dec. 14-Carnt
gie's gift OF $1O.O0O,OO0 for the further
ance of International peace brings Il
total of his benefactions to abo'
$lS0000,000. The endowment announce
today is second in size only to thr'
others OF his. a s1O,O00.000 f11ndatiC
for the advancement of tea ling
1905, increased to $15,000,0O0 In 100
$l6,O00,000 endowment to the Carnes
institute in Pittsburg; and $l2'ooo'o
for the establishment of Carnes
institute in Washington.
Carnegie's gifts to Libraries durh
the twenty years are estimated
$4,000, 900 for the United States al
S7000,0O0 abroad. These and oth
benefactions make the grand totaf o
ly half a million short OF roul
$3.50 900 900.
a conservative estimate places Jo
ID. Rockefeller's gifts to institutions
$l2O,0OO,OO0, all but n small part OF
being for educational purposes.