114 LIVES OF THE PRESIDENTS his services, the envoys of Russia and Japan met at Portsmouth, New Hampshire, to conclude peace between their countries. Though diplomatic intrigue of foreign governments somewhat im paired this tribute to the United States and its President, the fact remains that this was the first time in our history that we took any such place or played any such part in the concert of nations. Such recognition was very largely due to the per sonal weight of Mr. Roosevelt. In consequence of his successful intercession he was in 1906 awarded the Nobel prize. With the sum thus re ceived, forty thousand dollars, he endowed the Foundation for the promotion of Industrial Peace. A year later, March 2, 1907, an act was approved providing that the Chief Justice of the United States, the Secretary of Agriculture and the Secre tary of Commerce and Labor, and their successors in office, together with a representative of labor and a representative of capital, and two persons to represent the general public to be appointed by the President, should be trustees of this Founda tion, to hold the money and any other sums given for its purpose, namely, to obtain a better under standing between employers and employees. Certain complications in the Moroccan coast were the next occasion to bring the United States into conference with foreign powers at Algeciras. This led to a treaty in April, 1906, ratified by the
