Evening capital news. (Boise, Idaho) 1901-1927, 1912-11-22
CARNEGIE Will
PENSION FUTURE
EX-PRES|DfNTS
Provision Is Made for the
Payment of $4,000 to
Them Annually Taft In
formed of Action.

New YORK, NOV. 22.-tuture EXPIRES
idents of the United States are to be
pensioned in the sum of $4,000 an
nually by action of the Carnegie corpo-
ration of New York yesterday. The
grant is provided for with the idea OF
enabling former executives of the nation
t. devote their unique knowledge gained
in public affairs to the public good,
from pecuniary care. A similar amount
is to be paid widows of ex-presidents as
long as they remain unmarried.
The pensions are to be promptly Of
fered to the ex-presidents or their
widows so that no application need be
required from them. Payment is to
be continued so long as the recipients
remain unprovided for by the gov
eminent"
The announcement followed the Sec
end annual meeting Of the corporation
held at the residence of Andrew Car
negie here.
Five of the eight trustees are the
heads Of the five institutions which
Mr.. Carnegie has founded, the Carnegie
Endowment for International Peace,
Elihu Root, president; the Carnegie
Foundation for the Advancement of
Teaching, Henry S. Pritchett. presi-
dent; the Carnegie Institution Of WASH
ington, Robert w. Woodward, presi-
dent; Carnegie Hero Fund commission.
Charles l.. Taylor, president; Carnegie
Institute of Pittsburg. William NJ.
Prev, president. The successors of the
five men become ex-officio trustees of
the Carnegie corporation of New York.
in addition there are three life trustees.
Tyyl-z tc r{pt n,,f
Of the corporations aims:
"A total of s125,000.000 in securities
has thus far been transferred to the
corporation, which will carry on the
various works in which Mr.. Carnegie
has been engaged and such others as
he may from time to time think it ad-
visable to establish.
Mr.. Carnegie believes he has taken
the surest means of securing for the
future a body of the best possible trus-
tees. The heads of the institutions
must invariably be men of high moral
and intellectual standing. They are
empowered by a two thirds vote to
modify or discontinue any branch Of
the work which, in their Judgment has
become unnecessary, or II better use
can be made of the fund, and also to
adopt from time to time such work as
by them may be deemed most desira-
BILE for the wants of the age, so that
from age to age the fund may be ex-
panded upon the most profitable work,
whether that be the promotion Of new
ideas or the development of those of
the day."
The trustees took under considera-
ton a number of matters directly in
their keeping and concerning the de-
tails of which no announcement was
inade but the principal one to be passed
en- was the pension plan FOR eX-presi-
dents of the United States and their
widows. The official announcement
follows:
provision has been made for a PEN
sion for each future ex-president and
his unmarried widow, of $4,000 per
year as long as they remain unpro-
vided for by the nation, that they may
be able to spend the larger part of
their lives devoting their unique knowl-
edge gained of public affairs to the
public good free from pecuniary cares.
These pensions will be promptly Of
fered to the eX-presidents or their
widows, so that no application will be
required from them"