47° POPULAR SCIENCE MONTHLY. 



TRUST DEED BY ANDEEW CARNEGIE, CREATING A 



TRUST FOR THE BENEFIT OF THE CARNEGIE 



INSTITUTION, OF WASHINGTON, D. C. 



T, Andrew Carnegie, of New York, having retired from active busi- 

 -^ ness, and deeming it to be my duty and one of my highest privi- 

 leges to administer the wealth which has come to me as a Trustee in 

 behalf of others; and entertaining the confident belief that one of the 

 best means of discharging that trust is by providing funds for improv- 

 ing and extending the opportunities for study and research in our coun- 

 try ; and having full confidence in the gentlemen after named, who have 

 at my request signified their willingness to carry out the trust which I 

 have confided to them : 



Therefore, I have transferred to these, the Trustees of the Car- 

 negie Institution of Washington, ten millions of registered five per cent, 

 bonds of the United States Steel Corporation, the names of said Trustees 

 being as follow : 



Ex officio : 



The President of the United States. 



The President of the Senate. 



The Speaker of the House of Representatives. 



The Secretary of the Smithsonian Institution. 



The President of the National Academy of Sciences. 

 John S. Billings, New York. Seth Low, New York. 



William N. Frew, Pennsylvania, Wayne MacVeagh, Pennsylvania. 



Lyman J. Gage, Illinois. D. 0. Mills, New York. 



Daniel C. Gilman, Maryland. S. Weir Mitchell, Pennsylvania. 



John Hay, District of Columbia. William W. Morrow, California. 



Abram S. Hewitt, New Jersey. Elihu Root, New York. 



Henry L. Higginson, Massachusetts. John C. Spooner, Wisconsin. 

 Henry Hitchcock, Missouri. Andrew D. White, New York. 



Charles L. Hutchinson, Illinois. Edward D. White, Louisiana. 



William Lindsay, Kentucky. Charles D. Walcott, District of Columbia. 



Carroll D. Wright, District of Colvimbia. 



The said gift is to be held in trust for the purposes hereinafter 

 named or referred to, that is to say, for the purpose of applying the in- 

 terest or annual income to be obtained from the said bonds or from any 

 other securities which may be substituted for the same — for paying all 

 the expenses which may be incurred in the administration of the trust 

 by the Trustees, including in said expenses the personal expenses which 

 the Trustees may incur in attending meetings or otherwise in carrying 

 out the business of the trust ; and, second, for paying the sums required 



