The Barre daily times. (Barre, Vt.) 1897-1959, 1915-01-25
HAS NO SET LIMIT, 1T
TELLS COMMISSION
Admits 1t Is Directly Con-
cerned in Colorado
Trouble

tions as to the reasons for the establish
ment OF the $lo0,000,O00 foundation, its
purposes and methods Of operation.
One Of the purposes of the inquiry
now being conducted in this city by the
1 industrial commission is tie investiga-
ton of the Rockefeller and Sage Fonn'
dati0ns. The information given out by
the Rockefeller Foundation to-day al
ready has been forwarded to the com
mission. In addition, John d. Rockefel-
! Ter, ir., president OF the foundation, will
be called before the commission as a
witness
The replies by the Rockefeller Fouuda
ton are divided into two parts, the first
of which is signed by Mr.. Rockefeller, jr.,
as president; and by Jerome D. Greene,
as secretary.
Complying with the commissions re-
quest, the foundation has supplied the
commissioners with copies of the founda-
| tons charter, constitution and bylaws,
Replying to other questions, the founda-
| ton stated that 1t was not consolidation
of pre-existing organizations, but dis
tinct creation with its own funds.
The total funds of the foundation on
Dec. ], 1914, are stated as Sl03,930,Sl7.
Its holdings OF stocks and bonds are
given in detail. The character OF its
investments is controlled by the finance
committee, composed of John d, Rookie
Teller, jr., Starr J. Murphy, and jerome
ID. Greene. Appropriations are made by
the board OF directors or the executive
committee The amount of its holdings
is not limited by its charter. No part
of the principal is to be distributed, ex
cept by twothirds vote of all members.
One condition of John d. Rockefeller's
gift of Sl,000.O00, establishing the fouu-
dation, was described as STIMULATING tina
the sum of 100000 OF its income, or
as much of that sum as he might desig.
nate, shall be applied during his life
time 10 such specific objects within the
corporate purposes of the foundation as
he may direct.
The officers declare that they have no
expectation of receiving any further
funds, but that the foundation is enti- |
tied to receive gifts from any source. |
The general education board, they say,
is an independent corporation with funds
of its own; but lump sums have been
appropriated for the use of the interna
tional health commission.
The major part Of the work of the
foundation consists, il is stated, in max
ing contributions 70 other philanthropic
agencies.
Searching questions were asked by the
commission as 10 the reasons for the
by the Rockefeller Founda-
ton Of William Lyon Mackenzie King Of
Ottawa, Ont, 10 make a study Of indus.
trial relations. Replying 90 question
whether Mr.. King was authorized TO go
on with his plans even II his policy
should be divergent from that Of the
directors, the foundation asserted that
The conduct OF the work win be left in
ls hands subject merely 70 conference
with ofIiccrs Of the foundation and 10 its
control as 60 the extent Of expenditures.
On this subject, the foundation de-
Jared:
ut cannot be- too clearly understood
hat the purpose Of this inquiry lMr.
Kings "a not 20 apportion blame in
resent or past Misunderstanding nor
o justify any particular point Of views
he sole purpose i ronstructively helpful
n q work conceived and undertaken IN
AAM HNAAAAf MNA MAfAANMH VI MANNA AffN
olicies or Of Partially in the investiga-
ion can have no place. The foundation
as felt that IL il could work out sound
nd substantial improvements In the re-
alton Of capital and labor, Il could hard
! do anything better calculated 10 pro-
iote the well-being Of mankind for
hich purpose the foundation was ere
ted
Mr.. King controls the Geld, scope and
iethods 81 bic Investigation The founda
.on asserts. and Il has not refused 20
lntinue an appropriation for any piece
( work o. Investigation which had been
greed upon.
Explaining why the industrial rela
Gus division vas cfrated. the foanda-
on stated ~Whiie the general subject
economic reseHrfh uas uneeF consia-
-ati0u, the Industrial disturbances in
uiorado Impressed TIE president II the
Iundstton vita TIE great nHed and pub.
{ Importance Of finding AZ elective
cans u prefeutiue sneh onuficfs ani
.used him - urrs { faf-rsaeiing study
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