Chapter 148. To amend an Act entitled “An Act to establish the Foundation for the Promotion of Industrial Peace.” February 18, 1909.[[H
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CHAP. 148.— An Act To amend an Act entitled “An Act to establish the Foundation for the Promotion of Industrial Peace.” February 18, 1909.[[H. R. 19662](/us/bill/70/hr/19662).][[Pubic, No. 242.](/us/pl/70/242)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That section two of an ActFoundation for the Promotion of Industrial Peace.Vol.34, p. 1242, amended. entitled “An Act to establish the Foundation for the Promotion of Industrial Peace,” approved March second, nineteen hundred and seven, be amended so as to read as follows:
Sec. 2. That it shall be the duty of the trustees herein mentionedDuties of trustees. to invest and reinvest the principal of this foundation, to receive any additions which may come to it by gift, bequest, or devise, and to invest and reinvest the same; and to pay over the income from the Foundation and its additions, or such part thereof as they may from time to time apportion, to a committee of sixteen persons, to be knownCommittee reduced. as the ‘Industrial Peace Committee;’ said committee to consist of the seven trustees and nine other persons to be selected by the trustees,Selection, service, etc. three of whom shall serve as members of the committee for the period 638 of one year, three as members for the period of two years, and three as members for the period of three years, three of the nine members thus selected by the trustees to be representatives of labor, three to be representatives of capital, each chosen for distinguished services in the industrial world in promoting righteous industrial peace, and three members to represent the general public.
Any vacancies which may occur in this committee shall be filled by the selection and appointment in the manner prescribed for the original appointment of the committee, and when the committee has first been fully selected and appointed each member thereafter appointed shall serve for the period of three years or for the unexpired portion of such term.” Sec. 3. That the Industrial Peace Committee herein constitutedMeetings and conferences at Washington, D. C. shall arrange for such meetings and conferences in the city of Washington, District of Columbia, as it may deem advisable, of 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.
It shall call such conferences in case ofObjects. great industrial crises 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 by the trustees. The committee shall receive suggestions for the subjects to be discussedSubjects for discussion, etc. at the meetings and conferences, and be charged with the conduct of the proceedings at such meetings and conferences, and shall also arrange for the publication of the results of such meetings and conferences.
” Approved, February 18, 1909.