Show Is HUMANITY TRUST rockefellers Rocke fellers great wealth to bo be 1 given to mankind son of the worlds richest man will head corporation and be tho the chief almoner of great fund new york to make the rockefeller foundation for charity what the standard oil company has long been to lo business and with john D rockefeller jr as aa its head la Is the intention of john D rockefeller sr the younger rockefeller has announced that he had retired from the directorate of the standard to assume the management ot of hla his fathers bene factions actions of which he becomes almoner in chief rockefeller sr in deciding to distribute ills his vast wealth it Is known was moved by his big deep religious rell glou convictions vict ions which in his later years havo have led him to belleve that he only holds his money in trust and that it actually belongs to tho who ince need 3 it lie he believes that the jmark of scattering the last cent should be completed before he passes away but as ag this thin seems impossible of accomplishment he ba named his son as hir bin deputy the announcement in wall street was taken to mean two things that ak A 8 VV it W naf 0 I 1 ill all past estimates ot of young it kefel lers future must now benevi be revised le od and that hereafter the rock Hocke rockefeller feller millions m I 1 i allons will no longer be a market factor fact or in ohead it Is assumed that they will pass wholly into conservative securities such buch as Is proper for funds savings banks and insurance ranco companies to acquire john U D rockefeller li IA now 33 years yeara old did greeted on his bis graduation from brown university some years ago as in prospect the richest young man of at the world he be now leaves the field to J 1 pierpont pont morgan jr ten years hla his elder mr morgan sr and nir mr flocke fieller sr are both very near of an age the former will be 73 in next april and the latter was 73 some months ago both are in vigorous health seen been in retrospect young rockiefel lers retirement from the standard dOll oil board which actually took place on january 11 assumes a deeper consistency sis tency with the gradual narrowing in recent years activities a phenomenon not heretofore understood der stood as he showed no inclination to play the country gentleman or the sporting man as have other sons of 0 millionaires such tor for instance as alfred vanderbilt and foxhall keene lie ile Is still on the directorate of the delaware lackawanna western railroad railroad company and of the american linseed oil company but it is in known that it Is his big intention to withdraw from these corporations as aa soon as practicable it Is not thought likely the new foundation for or philanthropy as proposed by the tha bill introduced in the united states congress a few days ago will assume settled policies tor for years to come but in this connection frederick T gates one of 0 the ancor pora tors of the foundation said that two main points had bad been missed in the first place indicated mr gates every other eleemosynary institution ution has been organized for some special object and thus thug limited in its sphere of df hopefulness for instance la cases of grave disaster such as the parts paris floods they have been powerless to aid this Is not so BO of the new foundation another thing there are no sectarian boundary lines in the charter of the new foundation and nothing to prevent it from absorbing the work of other organizations which have outlived their usefulness under present conditions mr oates gatea was understood to mean that there will be ba a gradual merger along familiar Hoc hoffeller feller lines of the rockefeller char charities charitee itle nobody y yet ventures to name came the L 1 I a for which the foundation will 1 en endowed dowed but the general d erl an di g among those in the c ilden of the family coincides with w bhatia senator gallinger who introduced uce 4 e ill hill J to in corporate the foun dati 0 hen he hb said that he be believed ultima the entire rockefeller fortune f W t flom would be de devoted ed to fco th work |