The Sentinel=record., 1912-11-22
CARNEGIE PROPOSES TO MAKE LIFE EASY FOR ExPREsI-
 DENTS OF THIS COUNTRY.
WOULD PAY $25,O0O A YEAR
Plan contempIatas That They Give Benefit of Experience to the Coun- try--WiI Also Be Paid to
 Presidents Widows.

New York, Nov. 2t--Future ex-
 presidents of the United States are to be pensioned in the sum of $25.e00 each annually. by action of the Carne- gie Corporation of New York today. The grant is provided for with the idea of enabling former executives of the nation to devote their unique knowledge gained in public affairs Of the public good, free from pecuniary care. A similar amount is to be paid
 widows of ex-presidents as long 1s
 they remain unmarried.
 The pensions are to be promptly offered to the ex-pTesidents o. their widows, so that no application will
 be required from them Payment IS to be continued so long as the reef pients remain unprovided for by the government"
 The announcement followed the
 second annual meeting of the coTpor-
 ation, held at the residence of An drew Carnegie here and attended by the corporations eight trustees. | Five of these eight trustees are the heads of the five institutions which Mir Carnegie has founded-iihe | Carnegie Endowment for Interna- tional peace Elihu Root, president. | the Carnegie Foundation for the Adj yancement of Teaching Henry s. | pritchett, presdent The Carnegie 1 Institution of Washington Robert $ Woodward. president; Carnegie Hero
 Fund commission, Pittsburg, Chas. L. Taylor, president; Carnegie Institute of Pttsburg. Wm. NJ. Frew, president. The successors of these five men be- come ex-offiicio trustees of the Carne-
 gie Corporation of New York. In ad- dition. there are three life trustees Andrew Carnegie. Robert A. Franks and James Bertram. The trustees authorized this statement of the cor. porations aims
 "A total of $125,000 in securities has thus far been transferred to the corporation which will carry on the various works in which Mir. Carne- gie has been engaged and such others as he may from time to time think 1t advisable to establish. Mir. Carne gie believes he has taken the surest means of securing for tine future, a body of the best possible trustees. The heads of the institutions named must inevitably be men of high moral and intellectual standing. They are empowered by two thirds vote to modify or discontinue any branch of the service which in their judgment has become inadvisable or unneces- sary or if better use can be made of the funds and also to adopt from time to time, such work as by then 1x the wants of the age; so that from age to age the fund may be expend- ed upon the most profitable work waether that be the promotion of new ideas or the development of those of the day"
 In the meeting the trustees took under consideration a number of mat ters. directly in their keeping, aud concerning the details of which no announcement was made, but the principal item of business passed ID. on was the pension plaa for ex-presi- dents of tthe United States and their widows. The official announcement covering the matter follows:
 Provision has been made through this corporation for pension for each future ex-president, and his wfd- ow, unmarried of twenty five thou sand dollars ($25O00) per year. as lcng as these remain unproyided for by the nation, that they may be able to spend the latter part of their lives deyoting their unique knowledga gained of the public affairs to the public good, free from peeuniary cares These pensions will be prompt ly offered to the ex-presidents or their widows, so that no application will be required from them.p
 No authorized reference to the matter of pensions other than Is con
 fained in the foregoing announce
 ment
 Robert A. Franks, one of three life
 trustees of the Carnegie corporation oi New York. is treasurer of the Carnegie Foundations for the Ad-
 vancement of Teaching. Mr. Bert
 ram is Mir Carnegie's secretary.