The Birmingham age-herald., 1912-11-22
They or Their Widows Will Get Twenty-Five Th0us-
 and Dollars Annually
WILL BE OFFERED
 UPON RETIREMENT
An Application Will Not Be Neces- sary--Purpose Is to Enable Them to Aid Public With Their
 Unique Knowledge


 New York November a.--Future ex- Presidents of the United States are to he pensioned Tn the sunl ef ss5 eea each an nbally by action of the Carnegie corr poration of New York todas The grant lis provided for with the idea of enabling former executives or the nation 10 devote their unique knowledge gained in public affairs to the public good. free from pe- cuuiary care. \ similar amount is to be paid widows of ex-Presidents as long as they remain unmarried.
 The pensions are to be promptly offered to the ex-Presidepts or their widows, 50 that no application will be required from them. Iayment Is to be continued so long as the recipients remain unprovided for by the government"
 Follows Second Meeting
 The annotmcemeut followed the second annual meeting of the corporation, held at the residence 6f Andrew Carnegie here and attended by the corporations eight trustees
 Five of these eight. trustees are the heads of the five institutions which Mr. Carnegie has founded-the Carnegie en- dowment for international peace, Ehu Root. president; the Carnegie foundation for the advancement of teaching. Henry s. Prtehett president; the Carnegie n- stitution at Washington. Robert $. Wood ward, president; Carnegie hero fund com mission Pittsburg, Charles l.. Taylor. president; Carnegie institution of Pitts burg. William NJ. Frew, president. Tns successors of these five men become eN- officio trustees of the Carnegie corpora ton of New York In addition there arc three life trustees Andrew Carnegie, Rob ert A. Franks and James Bertram The trustees authorized this statement of the corporation's aims.
 "A total of 25000o00 in securities has thus far heen transferred to the corpora- ton, which will carry on the various works in which Mir Carnegie has been etssaged. and sfea others as he may ftem lime 10 time think II advisable tq estab- fish. Mr. Carnegie believes he has taken the surest means of securing for the fll- ttre a body of the best possible trustees The heads of the institutions named must inevitably be men of high moral and in- tellectual standing They are empowered by two-thirds vote to modify OF dls- continue any branch of the service wlncn in their judgment has become inadvisable or unnecessary, or if better use can be made of the funds, and also Co adopt from time to time such work as by them may be deemed most desirable for the wants of the age, go that from age 10 age the fund may be expended upon the most profitable work. whether that be he promotion of new ideas or the develop ment of the day
 Official Announcement
 In the meeting the trustees took un- der consideration a number of matters. directly in their keeping and concerning the details of which no announcement was made. but the principal item of bus- ness passed upon was the pension plan for ex-presldents of the United States and q cir widows. The official announcement covering the matter follows:
 Provision has been made through this corporation for a pension for each future ex- President and his widow unmarried of S2s coo per year, as long as these remain urprovided for by the nation, that tney may be able to spend the latter part of their lives devoting the unique knowledge gained of the public affairs tO the public good free from pecuniary cares. These pensions will be promptly offeted to the ex-Presidents or their widows. so that no application will be required from them"
 No authorized reference, was made to the matter of pensions other than is con tained in the foregoing announcement.
 Robert A. Franks. ono of the three life trustees of the Carnegie corporation Of Now York. is treasurer Of the carnegie foundation for the advancement of teach
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