Jasper County Democrat, Volume 13, Number 73, Rensselaer, Jasper County, 21 December 1910 — FOR UNIVERSAL PEACE [ARTICLE]

FOR UNIVERSAL PEACE

Gift of $10,000,000 by Andrew Carnegie Is Announced. It has just been officially announced in Washington that for the abolition of war between nations Andrew Carnegie transferred to a board of trustees composed of men of international reputation $10,000,000 in 5 per cent first mortgage bonds. Announcement was made immediately of the establishment of the Carnegie peace fund. The vast fund was turned over by Mr. Carnegie-to a board of trustees headed by United States Senator Senator Elihii Root, who is America’s representative on The Hague tribunal and President Nicholas Murray Butler of Columbia university. The income from this amount, amounting to at least $500,000 a year, under the terms of the gift will be devoted to the furthefance of peace projects the world over. The hoard of trustees, it is said, will be endowed with wide discretion by the donor and will be at liberty to use the funds in the furtherance of any movement they may deem advisable and in conformity with the general purpose of the gift.