The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1912-11-22
$4,000 ANNUALLY FOR LIFE WILL
BE GIVEN FORMER CHIEF
EXECUTIVES.
WIDOWS OF PRESIDENTS
WILL RECEIVE LIKE AMOUNT
Payment is to Continue as Long az
Recipients "Remain unprovided
For by the ernment'-Pension
Offered With Application Required.

New York, Nov. 22.-Future express
idents of the United States are to be
pensioned in the sum of $4,000 each,
annually, by action of the Carnegie
Corporation of New York yesterday.
The grant is provided for with the
idea of enabling former executives OF
the nation to devote their knowledge
lgained in public affairs to the public
good, free from pecuniary care. A sim
lilar amount is to be paid widows OF ex-
presidents as long as they remain un-
married.
The pensions are to be offered
promptly to the ex-Presidents or their
widows, so that no application will be Z
required from them. Payment is to
be continued SO long as the recipients
remain unprovided for by the gov-}
ernment."
The announcement followed the sec
ond annual meeting of the corporation,
held at the residence of Andrew Car
negie here, and attended by the cor
poration's eight trustees.
, Five of these eight trustees are the
heads Of five institutions which Mr..
Carnegie has founded-the Carnegie
Endowment for International Peace.
l. Elihu Root, president; the CarneEie
> Foundation for the Advancement Of
~ Teaching. Henry s. Pritchett, presi-
dent: the Carnegie Institution Of
Washington. Robert 8. Woodward.
!. president: the Carnegie Hero Fund
II Commission, Pittsburg. Charles L.
.. Taylor. president; Carnegie Institute
Z. Lof Pittsburg. William M. Frew, presi-
. dent. The successors Of these five
men become ex-officio trustees Of the
y Carnegie Corporation Of New York. In
addition, there are three life trustees
ID Andrew Carnegie, Robert A. Franks
and James Bertram. The trustees au.
It. thorized this statement Of the corpora
It, TONS aims:
IS "a total of $125, 100000 in securities
thus far has been transferred to the
III corporation. which will carry on the
ne various works in which Mr.. Carnegi,
e. has been engaged, and such others a
g, he may form time to time think II ad
,r- visable to establish. Mr.. Carnegie b<
of iieves he has taken the surest mean
to OF securing for the future a body I
y. the best possible trustees.
ar "The heads of the institutions name
ey must inevitably be men Of high NOR,
tie and intellectual standing. They a,
20 empowered, by two-thirds vote,
RS, modify or discontinue any branch
he the service which in their judgmer
he has become inadvisabie or unnecessal
to or II better use can be made Of Il
sry funds. and also to adopt from time
Of time such work as by them may
ISL deemed most desirable for the wan
OF the age, 50 that from age to age d
fund may be expended upon the mo
profitable work, whether that be 4
promotion Of new ideas or the develc
ment OF those OF the day"
q In the meeting, the trustees took U
j, der consideration a number OF matte
directly In their keeping and concsi
ing the details OF which no announ,
NAL ment was made, but the PRINCIPAL ite
ag- OF business passed upon was the pt
and sion pian for ex-PresIdents OF the Ur
SAINT ed States and their widows.