The citizen. (Honesdale, Pa.) 1908-1914, 1911-11-17
S25,OOO,OOu
FROM CARNEGIE
Makes His TOld. GIFTS Pass
S2OO,OO0,0OO Mark.
CORPORATION IS ORGANIZED.

II Will Carry on After His Death the
Work He Has Been Doing as an In
Be Benefited.
andrew Carnegie has organized the
legie Corporation of New York
il Il capital of $25,000,O00. It may
o.. described as the incorporation of
.n, bene6cent activities of the iron
master. BY its charter it is author
lied Ito promote the advancement and
diffusion of knowledge and under
standing among the people Of the Unit
ed States" and it will carry on the
work of founding libraries and endow-
ing colleges after Mr.. Carnegie has
passed away.
The new corporation obtained its
.charter under bill introduced in the
last legislative session at Albany by
Senator Frawley. Mr.. Carnegie issued
this statement, explaining what he had
done and what he hoped to accomplish
by it:
The Carnegie Corporation of New York,
incorporated by an act passed by the New
York legislature June 8, 1911, was organ
ized Nov. 10. 1911.
The purposes of the corporation,
stated in the charter are as follows:
Section /. Andrew Carnegie, Elihu
Root, Henry S. Prtchett, William n.
Frew Robert S. Woodward Charles l..
Taylor, Robert A. Franks, James Bertran
and their successors are hereby const-
tuted body corporate by the name of
Carnegie Corporation of New York for
the purposes of receiving and maintaining
a fund or funds and applying the income
thereof to promote the advancement and
diffusion of knowledge and understanding
among the people of the United States, by
aiding technical schools institutions of
higher learning, libraries, scientific re-
search, hero funds, useful publications and
by such other agencies and means as shall
from time to time be found appropriate
therefor"
The incorporators met at Mr.. Carnegie's
house Friday afternoon, Nov. 10, 1911. ac-
cepted the charter, adopted the constitu-
ton and bylaws and elected the following
officers:
President, Andrew Carnegie; vice presi-
dent, Elihu Root; treasurer, Robert A.
Franks: secretary, James Bertram.
Mr. Carnegie transferred to the corpora
ton for its corporate purposes S25,000000
par value first mortgage gold bonds of the
United states Steel corporation.
1t is intended that the business of found
ing and aiding libraries and educational
institutions, which has been carried on by
Mr.. Carnegie as an individual for many
years, will be turned over to the corpora
ton at an early date and carried on by
the corporation.
In addition TO the officers mentioned
In Mr.. Carnegie's statement the incor
porators enumerated in the Frawley
bill were DR.. Henry S. Pritchett, pres
ident of the Carnegie Foundation For
the Advancement of Teaching; Will
liam II. Frew, president of the board
of trustees of the Carnegie institute
of Pittsburgh; Robert S. Woodward
president of the Carnegie institute of
Washington. and Charles L. Taylor,
president of the Carnegie hero fund.
Senator Root, who is vice president
of the new corporation, is also preSi
dent of the Carnegie endowment for
international peace. Robert A. Franks,
the treasurer of the Carnegie corpora
ton, is president of the Home Trust
company, and James Bertram, the see"
retary, is Mr. Carnegie's private sec
retary.
hio new SllL VI PEOtODO,OOO pllHS''
Mr.. Carnegie's benefactions comfort
ably above the $2O0,OO0,O0O mark. AS
accurately as can be estimated the
amount the ironmaster has now given
away in the interests of philanthropy
and education is $20S, S,235, 900, dstrib-
uted as follows:
Hero funds. Observation-Disclosures. 81, go 900
Carnegie teaching funds. 21,500,OC0
Carnegie Institute at Washing
ton ........................... 100000
Colleges in the United States
and Canada a....................... 2o,0Oo,OOO
Colleges in England. ............... 6,S00, 900
Trust for Scottish universities. 10000 900
Dunfermline truSt..........,....... $500 900
Carnegie institute at Pittsburgh $4,000, 900
Relief fund for steel workers.. 1000 900
Gifts for church organs.......... 1000 600
Building for the bureau of
American republics. ..........,... $50 600
Building for The Hague peace
tribunal ........................... 100000
Endowment for international
peace Observation-Disclosures. 1O,OOOOO
Libraries NEUTRALITY-SUSPICIOUS.. 50,935, 600
Carnegie Corporation of New
York ............................. 25,OOOOOO
Total sos, ,2S5 600
John d. ~Rockefeller's gifts to date
have been estimated at $150,O0O,OOO
In addition Mr.. Carnegie has distrib-
uted a great deal of money in small
sums to persons whom he considers de-
serving of assistance, and he is con-
tinually adding to his grants in aid of
libraries and colleges, so that any esti-
mate is likely to fall considerably be-
low the mark.