"The Centennial Appropriation bill passed the House yesterday by a close vote. Messrs. Bliss and Chittenden, and Schumaker, voted for it. There were two statutory conditions attached to the bill: The recipients of the money are required to give bonds in $500,000 that it be spent rightly, or purely for the Exposition purposes, and the Government is made a preferred creditor, in the event of anything being left over."
"To create a fund of $100,000,000 for the Rockefeller Foundation, the object of which is to promote the well being and to advance the civilization of the people of the United States in the acquisition and dissemination of knowledge, in the prevention and relief of suffering and in promotion of eleemosynary and philanthropic means of any and all of the elements of human progress, the National House of Representatives last week passed the Peters bill, and the indications are"
The House narrowly passed a Centennial Appropriation bill with specific statutory conditions requiring recipients to post $500,000 bonds to ensure funds are spent solely for Exposition purposes and designating the Government a preferred creditor for any surplus. Observers noted the prolonged House struggle and criticized members' abilities while asserting that refusal of funds would have led promoters to secure funding elsewhere, albeit with more delay. Separately, the House passed the Peters bill to create a $100,000,000 Rockefeller Foundation fund intended to promote well-being, advance civilization, support acquisition and dissemination of knowledge, prevent and relieve suffering, and promote philanthropic means.
#centennial-appropriation #rockefeller-foundation #congressional-oversight #public-funding #philanthropy
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