Wheeling majority. [volume] (Wheeling, W. Va.) 1907-192?, 1915-09-09

i IL The domination by the men il
j whose hands the final control of 6
large part of American industry rests
is not limited to their employees. but
is being rapidly extended to contro
the education and Social service" OIL
the Nation.
IL. Tnis control is being extended
| largely through the creation of -enom
GUS privately managed funds for in
definite purposes, hereinafter desig
mated foundations" by the endow-
ment of colleges and universities, by
the creation of funds for the pension
ing of teachers, by contributions to
private charities, as well as through
controlling or influencing the public
press.
IA. Two groups of the "'fouhda-
tions," namely, : the Rockefeller and
Carnegie Foundations, together have
funds amounting to at least $3.50, 000,-
600, yielding an annual revenue of at
least M3,5O0, 600, which is at least
twice as great as the appropriations
i of the Federal Government for similar
purposes namely, education and So
cial service.
Is. The funds Of these foundations
are exempt from taaxtioh, yet during
the lives of the founders are subject
Ito their dictatton for any purpose
other than commercial profit. In the
case of the Rockefeller group of foun-
dations, the absolute control of the
funds and Of the atiyities of the insti-
buttons now and in perpetuity rests
with Mr.. Rockefeller, his son, and
whomsoever they may appoint as their
successors"
The Rockefeller Foundation.
16. ''The control of these funds
has been widely published as being in
the hands of eminent educators and
of the Rockefeller foundations, how
ever, not only is the control in the
hands of Mr.. John D. Rockefeller, Jr.
and two of the members of the per-
sonal staff of Mr.. John ID. Rockefeller,
ST., who constitute the finance COM
mittee, but the majority of the trus-
tees of the funds are salaried en-
ployees of Mr. Rockefeller or the foun-
dations, who ar subject to personal
dictation and may be removed at any
moment. -.
IL. The funds of these foundations
are largely invested in securities of
corporations dominant 5.ins American
industry, whose position has been
analysed under the early headings Of
this section. The policies of these
foundations must inevitably be color
ed, If not controlled, to conform to
the policies Of such corporations.
49,. The funds of the foundations
represent largely the results either of
the exploitation of American workers
through the payment of low wages or
of tn exploitation Of the American
public through the exaction Of high
Iprices. The funds, therefore, by every
right, belong to the American people.
-. The powers Of these founda-
tions represent largely the results
either of the exploitation of Ameri-
can workers through the payment of
low wages or of the exploitation of
the American public through the ex-
action of high prices. The funds,
therefore, by every right, belong to
the American people.
10. The powers Of these founda-
lions are praeNeally unlimited, except
that they may not directly engage in
business for profit. In the words Of
President Schurman of Cornell, him
self trustee of the Carnegie Founda-
ton:
20. The charters of these founda-
tons, with their almost unlimited
powers, were granted under conditions
Of such laXity that it has been testi-
| fed by an eminent legal authority who
made an extensive investigation that
those granted by New York State are
legally defective and unconstitutional.
Furthermore, evidence deVlop0 by the
| hearings of the Commission showed
I that in increasing the number of its
trustees without complying with the
requirements of the law governing
corporations. the Rockefeller Founda
ton has already been guilty Of a
breach of the law.
q. These foundations are subject
to no public control. and their pow
| ers can be curbed only by the difficult
process of amending or revOking theil
charters. Past e2Nerience, as, for ex
ample, in the case of the insurance
companies, indicates that the public
can he aroused only when the abuses
have become so great as to constitute
a scandal.
%. The entrance of the founda
ltions into the field of industrial rela
tons, through the creation of a spe
cial division by the Rockefeller Feun
dation, constitutes menace to tht
national welfare to which the atten
ton not only of Congress but of thu
4 entire country SHOULD be directed
Backed by the $1O8, 000, 900 Of thu
IRockefeller Foundation, this move
lment has the power to influence tn,
Ientire country in the determination 0
its most vital policy"
Basis Not Social.
%. the documentary evidence il
the possession Of the Commission in
ldicates: -.s.9s,s t...,.. s-- +sa.s.s
II a. That the so-called investigation