| Show GREATEST G t OF Or ALL ALLS LL C S GIFTS Gives to Provide An Annuities nulles for or Superannuated Col Cot College lege tege THREE COUNTRIES INTERESTED the Thc he Favored Ones Arc Me rc the Stales Newfoundland and Canada TRUSTEES NAMED AND ACCEPT Ion Done r least Rewarded or of AH MI Al Professions la II I that if f Teacher In Higher Educational Institution New ew York Yok April Apr Apri 2 27 A gift gif of ot MO o by Andrew AndreI to provide nn for Cor Rn orl who nr not able to continue In service tri ns 11 11 today tOlla hy by A vice of or tho thc Nn No N City bank ank nf of New York Pro Proof fencers of or the United States Canada Newfoundland will 1 share In n tho Iho th ill of oC the tho Income of or the tho fund United States Steel Rt el corporation 6 5 per pe rent 1111 first mortgage bonds for Cor or IO have hn e been transferred d to n a board nf of trustees trustee Mops flops sl pl will be hI b taken at lt ono to a IL corporation to 10 re tC ahe the donation Dr halt pros pres president ident of the Urn Institute of technologY t Mr ME I have hao lieen loen selected by hy 1 Mr Ir to tn ob ot I tim dMa data on the subject to tn he be presented I Int nt the llio nut meeting of oC the hoard board of ot trustees which will wi take lotte place o on in NOV INov 15 1 LElm TO iTO TIm pm ss Mr SIr Ir today nent jent lent the follow olov following Colo ing ng letter to tho the press preas Mr I Andrew Andrw tins hns trans furred erred to a n board nf tit trustees tru on Ing In 11 the tho of ot of the I most mOlt Important in lii the United I ft ites te Canada Hrut mortgage 5 per cr r cent cell Steel corporation The purpose of o the trust fund created Is It to provide annuities for Cor Corl college l professors In the United anatta and an who from 1101 old oki age lRe or other physical dish disa bUlly lly are no In n a position to 10 render the he not mont mOlt service It J In IA II 1 ti belief that this rind fund will wi not only oll provide n n a dignified pen Inn plon system 1 for lor a ir I body hod of r mont Inot mOlt worthy and hind poorly paid men but hUI that thaI It wi III be he of distinct value to 10 0 the cause of or education In II offering nn an 11 opportunity to In the trustees 1 of or n college to 0 retire members of or o the tho faculty acuity who ho ine faithfully nerved ored nell the Institution for fOI ninny molY years and to 10 Ii replace such Ilch men Ilen with v Rh you oun og intelligent I a I o I I I t a at cf lent dent professors I nm ala taking mIring 1111 the lib iii liberty Ih erty el of enclosing herewith Mr lr arue glnn letter of outlining the tho leler nature or of his hlA bequest This ThIA hll letter leter written to In 0 tho the members of the hoard board of trus trustees trul ms tees leI te The llie list of o trustees Is also cn en 01 All Al have accepted Steps wilt will 1 nt at lt onto once bo ho taken to or gi u ir corporation to 10 formally ro ie Ie relo the bequest The first Ih meeting of ot the board of trustees has been hoen called for fr Nov 15 It In lii 11 the meantime It I Is II l Mr I r i dote desire that Dr nr of the thO of technology te and Ild myself proceed to tl t data from nil all the ni Institutions f concerned for mr use tiRe UIO at the th meeting of tho the trustees The bonds which Mr Car Carnegie lr ar negie egin hns so 10 donated hae have a IL ot value valle of f and will pro wil duce du dOl e 0 01 an m annual Income of Tho The corporation which Is being hell formed will Vill wl bo Lo styled tho the foundation Yours very HY truly trul F A MR t Mr 1 tr letter lel r to the tho trustees h 13 April Apri IS lR and Ild Is II ns na follows 01 I 1 have reached the tho conclusion that the rewarded of oC nil alt the ni professions tons Is II that of tho ho teacher earlier In our 01 educational Il tOI I Institutions New OW York City I generously and very ver er wisely retiring for tOI to teachers herA In to II her nubile schools nail for tor or her Very ery few Ce Indeed of our cot col tol leges are lre able ahle to tl do tin to so eo O The rho hll conso COI O Iu are nrc grievous Able J men inch hosl heKI late tato to adopt teachIng as n ii I career nail 1111 many old profesor whose placed hould bo ho occupied by hy younger younKer tacit men mel bo Lo retired I 1 have hare therefore transferred to anti your our an as of trustees 5 ti per cent first londa of or tho the United States Steel teel cor COl corporation oratIon th the revenue from rain which Is 1 to tl t provide retiring pensions for fil or tho the teachers of or colleges technical schools In II our own country Canada anada and Newfoundland under such ludl conditions os ns you OU may mu adopt from frol time line to time calculations show bitt tho the revenue will wIl bo Ut ample for foi to I the CLASSES OF OP BENEFICIARIES IES ms ESThe Tho The fund applies to the th three classes clashes of or if Institutions named without to r Ui e sex aex ex creed or color Wo We 0 have how hol lver er to recognize that state co lonial governments I which have I or mainly support universities colleges or schools may prefer that their relations shall remain exclusively WIth Ith tho the state I cannot therefore presume to Include them There Is la Another elites class which states un lie not aid iIA In their constitutions In sonic some sOne Cases el even forbidding It I viz sectarian Institutions Many of ot these establish ed ctt 1 long tong ago ngo were truly sectarian but Many are free Cree mee to nil ni men of or till nil ni creeds or r of or none nono such are to bo he hI considered Only such na nM under tinder control op 01 n Ii sect sept or require tru trustees tees or a nm ma j thereof faculty facility or stu ItU In nu to belong belon to any specified sect Or o f which Impose any theological test are to be excluded TRUSTEES Trustees shall ahan hold hole office five years n nn nd be b eligible for tor reelection Tho The first shall ahal draw aro w lots lols for Cor 1 2 3 4 or 6 L years rs terms so 80 that shall each year Each Fal h Institution participating In the Hin t un shall hall cast for CAlt one vote trustee The he trustees are Aro hereby given glen trill full ful powers ievers to 10 manage the Ihl th trust In every OVer re ro leet to flIt fill 11 of or member members mb r appoint executive commit tees employ agents change securities and ul generally general speaking to do nil au 11 things necessary In their Judgment to Insure tin the tibet most administration of ot the funds untie By Dya a Vote voto oto they the may Il from Crom time to time apply tho the revenues in a ii I different manner And for Cor a 1 different though similar purpose to that sped shei Urn 1101 should coming days bring such changes an au al render this necessary In II their Judgment to Insure the most ben administration of ot the funds lel Uy By n ii vote ote they Iley may ma from troll time to tn time apply the revenues In II a I different manner and for or a 1 differ ent eat thought though similar to 10 that Sll Cl fi ed should eb coming coin lag days dl 8 tiring bring such Bitch changes ns as render this necessary neres In their Judgment to 10 produce the best re me suits possible pO for rol the teachers tach rs and for tor education No trustee shall hal Incur any legal li Ii 1 ability growing from front his trusteeship All Al lintel hotel expenses In by b trustees In the performance of o their duties A shall ho he paid front frim tho the unit fund the expenses of rif wife Ift or ot daughter accompanying the tho trustees to 10 the tho an flush nual meeting Included I hope this fund may mn do un much mitch for tho the cause callO of higher education ell and to remove a source of deep and constant anxiety to the tho poorest paid yet et one on of or the lie highest of or nil all ni professions profession Gratefully yours ANDREW Tim THE BOARD Tho Th trustees Include the following President David S t Jordan Stanford Jr university President A T Yale university shy sity 11 New Ne Haven Inen i t t c President Charles William Eliot liar Har Harvard vard university Cambridge Mass President William It I Harper larrr Uni mI University nl of or Chicago President Nicholas Murray Mur Butler Buter Columbia university New Nev NI York President nt Jacob a O 1 Cor Cornell Corneil nell neil university Ithaca N Y V President Ir Woodrow Wilson Prince ton In Princeton university N J r T President I Clark hark Seele Smith cot col lege le Northampton Mass Provost Charles C Harrison Uni University of ctt Pennsylvania P Philadelphia President Peterson McGill lc university Montreal Que Henry S R t Boston Roston president Massachusetts Institute of or technology F I A lp New Nets York T Morris Carnegie Jle New York Youk R n A Franks Hoboken N J JT r l lI T I Morris Morril Carnegie st Is II n a I nephew of ot Andrew Andre R Ii A Franks Is Mr Mm Ir financial secretary |
