Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1911-11-11
CARNEGIE ENDOWS
FOUNDATION WITH
25 MILLIONS
PRINCELY GIFT COMPRISES
GlLT-EDGE SECURITIES
To Be Used in Advancement
and Diffusion of knowledge
and Understanding Among
People of United States.
lBy Morning journal Special Leased wIre.l

nv Morning Journal Special Leased wIre.l
New York, Nov. l0.-Andrew Car
negie tonight announced that he had
given 5000. 600 to the Carnegie cor
poration of New York, organized here
today under charter granted by the
New York legislature last June, ITO
promote the advancement and dif-
fusion Of knowledge and understand
ing among the people of the United
States"
In bestowing this gift upon the cor
poration organized especially to re-
ceivo il and apply its income to the
purpose indicated, Mr.. Carnegie in a
statement, tonight said he intended
to leave with the corporation the
work of founding and aiding libraries
and educational institutions which he.
as an individual. has carried on for
many years The statement follows:
The Carnegie Corporation of New
York, Incorporated by an act passed
by the New York legislature. June 3,
1911, was organized November 10.
1911.
THE purpose of the corporation as
stated in the charter are as follows:
Section Andrew Carnegie, Elihu
Root. Henry :. Pritchett. William n,
Frew. Robert s. Woodward, Charles
l.. Taylor, Robert A. Franks. James
Bertram and their successors are
hereby constituted body corporate
by the name of the Carnegie Corpo-
ration of New York; for the purpose
OF receiving and maintaining a fund
or funds and applying the outcome
thereof to promote the advancement
land diffusion Of knowledge and un-
derstanding among the people OF the
United States by aiding technical
schools, Institutions of higher learn
ing. libraries. scientific research, hero
funds useful publications. and by such
other agencies and means as shall
from time to time be found appropri-
ate therefJr
THE incorporators met at Mr..
Carnegie's house. Friday afternoon,
November 10. 1911. accepted the
charter, adopted the constitution and
bylaws and elected the following Of
ficers:
President-Andrew Carnegie; vice.
president, Ellhu Root; treasurer, Rob-
ert A. Franks; secretary, James Bert
RAM
Mr.. Carnegie transferred to the cor
poration, for its corporate purposes,
$2b, 100000 par value first mortgage
gold bonds Of the United States Steel
II is intended that the business of
founding and aiding libraries and ed
ucational institutions, which had been
carried on by Mr.. Carnegie as an in
dividual for many years. will now be
turned over to the corporation at an
early date and carried on by the cor
poration.
Mr.. Carnegies donation of $25, ,O00,-
900 for the Carnegie corporation, in
creases the total of his gifts for vari-
Gus philanthropic purposes, accord
Ing to the best estimates, to far be-
yond 100000. 900.
His library gifts alone make prac-
tically girdle of monuments around
The world TO a man. who sixty years
ago, began This industrial career as
bobbin boy in a cotton factory.
The approximate totals of Mr., Car
negie's donations are;
Hero fund. Omitted States. France,
Germany and Norway S2,000.000.
Teaching funds. S20,000,000
Carnegie Institute at Washington,
s22, 1000.
Colleges in England, $1,000, 900.
Trust for Scotch universities, $10,-
100000.
Dufern line trust, s5,000,00
Carnegie Institute at Pittsburg, SEA-
100000.
Relief fund for steel workers. $4,-
100, 600
Bureau Of American Repr blics,
1900, 600.
Peace Temple at The Hague, $1O,-
100000.
Libraries, $50, 900. 900.
international peace endowments,
10, 100000.
Carnegie Corporation" $25,00O,-
100.