New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-27

Would you consider il Just and So
cially desirable if the employees, some
Of the crippled. and others who eveutu-
ally sacrificed their lives. received ten
times the amount your father re-
Ceived?"
well, in an investment, capital is
entitled to fair return. As told you,
the investment brought less than the
money would have brought in a saw
ings bank ! can't make any COMPARE
SON ] do not call two-thirds of | per
cent a year on cash put into stock a
fair return. II is utterly inadequate 10
stimulate capital 10 go into industry"
Gifts Toll S25O,OOO,OOO.
Chairman Walsh went into the Rock
efeller Foundation. He asked the wit
ness how much the elder Rockefeller
had given away.
There is no accurate account Of his
public philanthropies that ] know Of,
but would approximate il at $3.50, 000.-
900. To the Rockefeller Foundation
he has given S10O,000,000; to the Gen
eral Education Board, 5000, 900 or
34.000,000. and the Rockefeller lnsti-
tute for Medical Research. $4,000, 900
The University OF Chicago received
some of the money given TO the Gen
eral Education Board"
When Mr.. Rockefeller got to this
feature of his testimony he took his
gaze from the commissioners and
looked steadily down at the rim of
the desk He seemed very much en-
barrassed at having to tell of this. and
his fingers played abstractedly with a
pencil
"Do YOU think more good has been
rendered TO the public service by gifts
of this kind than if the money had
been devoted to increasing the wages
Of men in MIR. Rockefel!er's COM
panies?"
IL think my father has always felt,
and ] have been of the same opinion,
that most could be accomplished by
building up what ! might cali produc-
tive interests. He had felt that there
were many splendid interests that
could be advanced but il seemed to
him that this line of philanthropy was
the highest form. He felt it desirable
to crystalline the several activities on
which he had been interested. He first
established the General Education
Board He came TO feel that a large,
permanent contribution in that field,
placed in the hands of the best men
he could get. would be Of service to the
people OF this country
"Has the plan worked out success
fully
Remedy Made Public.
ain the Rockefeller Institute for
Medical Research one of the first
/ studies was toward a cure for cerebro-
spinal meningitis, which was fatal in
75 per cent of cases. In the first six
hundred cases handled there the pro-
norton was reduced to 25 per cent.
II remedy has been used throughout
the world. and. like all remedies dis
covered there, il has been given &c the
public. r,
ganized in order that various lines OF
altruistic and other endeavors might
continue TO receive attentlon-an IN
creasing amount OF attention. IL was
established for the purpose OF under-
taking any ubject that came wlthih
the broad purpose of benehting hu-
manity." ,,.-,.
HAS your father ever publicly an
nounced his purpose
mo"
what induce. him TO write the mag,
azine articles which were later issued
in book form under the title RANDOM
"reminiscences Of Men and Events
81 presume il WAS done because, as
much as anything. the members OF ms
family had expressed FOR years the
wish that he write out his views on
matters of importance. ! had tried 70
get him TO put down an outline OF Is
iife's history. Yes, presume you can
saw his family took the first steps -,
aDo YOU know whether he wrote 1t
81 couldn't say. was not concerned
in IT," a..
"Did he do anything TO increase the
sales of the magazine in which the ar
,icles appeared
quite the contrary -
Mr.. Walsh asked MIR. Rockefeller IL
he thought that such funds as the
Rockefeller Foundation might not be-
come under certain circumstances
public menace.
Legislative Power Safeguard.
"The problem with me has been to
make them the most ser'iceable.
have not considered the other side. The
legislative power given when the char
Ter Was granted constitutes a safe
Guard. Ii has been the endeavor TO
make these foundations work well. we
feeling that success depended upon