New Britain herald., 1915-01-25
DISTINCT CREATION
 WITH OWN FUNDS
Rockefeller Foundation Tells indus.
 trial Relations Commission.

New Ork, Jan. 25.-Ine ROCke1el- Ter Foundation today made public its replies to questions asked by the Unit ed States commission on industrial relations as to the reasons for the es tablishment of the $1OO,O0O,OOO foun- dalton, it's purposes and methods of operation.
 One of the purposes of the inquiry now being conducted in this city by industrial commi ission is the investiga- ton of the Rockefeller and Sage foun- dations. The information given out by the Rockefeller foundation today already has been forwarded to the commission. In addition John D. Rockefeller, Jr., president of the foundation, will be called before the commission IS a witness.
 Divided Into Two Parts.
 The replies by the Rockefeller foundation are divided into two parts, the first of which is signed by MT. Rockefeller, Jr., as president and by Jerome D. Greene, as secretary.
 Complying with the commissions request the foundation has supplied the commissioners with copies of the foundations charter, constitution and bylaws. Replying to other questions the foundation stated that it was not a consolidation of pre- existing organ izations but a distinct creation with it's own funds.
 Total Funds $1O3,e3O,S17.
 The total funds of the foundations on Dec. 1, 1914. are stated as s103,- o3O,S17. It's holdings of stocks and bonds are given in detail. The chhr- acter of it's investments controlled by the finance committee composed of John D. Rockefeller, Jr., Starr J. Murphy and Jerome D. Greene. Ap- propriations are made by the board of directors or the executive commit tee. The amount of it's holdings is not limited by it's charter. No part of the principal is to be distributed except by two thirds vote of all mem bers
 One condition of John D. Rockefel- lers's gift of s1OO,0O,000, establishing the foundation was described as stip- ulating that the sum of $2,0OO,0O0 of it's income or as much of that sum as he might designate shall be applied during his lifetime to such specific ob- jects within the corporate purposes of the foundation as he may direct.
 Entitled to Gift.
 The officers declare that they have no expectation of receiving any fur ther funds but that the foundation is entitled to receive gifts from any source. The General Education Board, they say, is an independent with funds of it's own; but lump sums have been appropriated for the use of the International Health Commission.
 The major part of the work of the making contributions to other philan- thropic agencies.
 Appointment of King.
 Searching questions were asked by the commission as to the reasons for the appointment by the Rockefeller Foundation of William Lyon Mac kenzie King. of Ottawa, Ont, to make a study of industrial relations. Re- plying to a question whether MT. King was authorized to go on with his plans even if his policy should be divergent from that of the directors, the Foundation asserted that the con- duct of the work will be left in his hands subject merely to conference with officers of the Foundation and to it's control as to the extent of ex- penditures. On this subject the Foundation declared:
 Industrial Relations Division.
 Explaining why the Industrial Re- latiOnS Division was created the Foundation stated: While the gen. eral subject of economic research was under consideration the industritl dis turbances in Colorado impressed the president of the Foundation with the great need and public importance of finding an effective means of prevent ing such conflicts and caused him to urge far reaching study of indus trial relations as the most important immediate inquiry to which the Foun- dation could direct attention. In view. of the passion aroused in Col orado and the many divergent inter ests involved there, it was felt that the Foundation itself should not inter- fere in that situation, but that 1t was of the utmost consequence that the root causes of that and similar distur- bances should be ascertained, and, if possible, removed, not only in Col orado but elsewhere.
 'The Rockefeller Foundation is. moreover, a large owner of corporate securities, and in that capacity is it. self directly concerned in maintain ing harm onious relations be- tween the companies in which it is interested and their em- ployes. It was therefore felt that if the Foundation could work out, on a basis compatible with sound econom- ics, a substantial improvement in the relations between capital and labor, it would not only discharge it's ob- ligation as indirectly large employer of labor, but would also perform for the general public a greater social