1242 F1F"rY-N1N'rH oouunnss. sm. 11. cH. 255s. 1907. during the year contributed most materially to benefit mankind, and having further provided that one share of said income shall be awarded to the person who shall have most or best promoted the fraternity of nations and the abolishment or diminution of standing armies and the formation and increase of peace congresses; and Whereas the Norwegian Parliament having, under the terms of said foundation, elected a committee for the distribution of the peace prize, and this committee having in the year nineteen hundred and six awarded the aforesaid prize to Theodore Roosevelt, President of the United States, for his services in behalf of the peace of the world; and Whereas the President desiring that this award shall form the nucleus of a fund the income of which shall be expended for bringing together in conference at the city of iilashington, especially during the sessions of Congress, representatives of labor and capital for the purpose of discussing industrial problems, with the view of arriving at a better understanding between employers and employees, and thus promoting industrial peace: Therefore ' Be it enacted by the Senate and IJ0a8e 0 f Re esentatives of the United ,,,_*;Q;¤;§$f°£ f?;,;,?; States of America in Oangress assembled, That the Chief Justice of mai Peace emuiish- the United States, the Secretary of Agriculture, and the Secretary of °°g,,,,d of m,m,,s_ Commerce and Labor, and their successors in office, together with a representative of labor and a representative of ca ital and two persons to re resent the general public, to be appointed) by the President of the tlnited States, are hereby created trustees of an establishment b the name of the Foundation for the Promotion of mfifgiegd ygmgg Industrial Peace, with authority to receive the Nobel peace prize Romven devotee to awarded to the President and by him devoted to this foundation, and thinlieiiidies. to administer it in accordance with the purposes herein defined. Any vacancies occurring in the number of trustees shall be filled in like manner by appointment by the President of the United States. Duties <>f¤’¤¤**¤· Sec. 2. That it shall be the duty of the trustees herein mentioned to invest and reinvest the principal of this foundation, to receive any additions which may come to it by gift, be nest, or devise, and to invest and reinvest the same; and to pay over die income from the foundation and its additions, or such part thereof as they may from time to ,,,!“f,§’§‘,,§,,°{f,,1b°,,,p§,’},',?, time apportion, to a committee of nine persons, to be known as "The °°*¤¤¤**¤>¢- industrial peace committee," to be selected by the trustees, three meme§f"°°“°"· '°"’°°• bers of which committee shall serve for the period of one year, three · members for the period of two years, and three members for the period of three years; three members of this committee to be representatives of labor, three to be representatives of capital. each chosen for distinguished services in the indnstrialworld in promoting righteous mmug ucmcm industrial peace, and three members to represent the general nblic. Any vacancies which may occur in this committee shall be filled by selection and appointment in the manner prescribed for the original appointment of the committee, and when the committee has first been fu y selected and appointed each member thereafter appointed shall serve for a period of three years or the unexpired portion of such term. ariixiiaiiiligiztiiriiriiiildis Sec. 3._ That the industrial peace committee herein constituted shall Ob. ts arrange for an annual conference in the city of \Vashington, District ’°° ‘ of Columbia, of representatives of labor and capital for the purpose of discussing industrial problems, with the view of arriving at a better understanding between emplovers and employees; it shall call special conferences in case of great industrial crises and at such other times as may be deemed advisable, and take such other steps as in its discretion will promote the general purposes of the foundation; subject. however, to such rules and regulations as may be prescribed bv the trustees. The committee shall receive suggestions for the subjectsto be discussed at the annual or other conferences and be charged with the conduct of
