The Commission which for six months has been studying postal conditions, giving hearings in New York and Washington, will ask Congress for authority to conduct a far broader investigation and in the mean time will positively reject the recommendation of Third Assistant Postmaster General Madden that the rate on second-class matter be raised to four cents a pound. The Commission will ask Congress for authority to employ expert accountants to go over the postal accounts and devise and institute a system whereby it can be easily ascertained at what loss or profit the various divisions of the service are maintained, the cost of carrying the several classes of mail, the cause of the annual deficit, etc.

The Nobel Peace Prize has been awarded by the Norwegian Parliament to President Roosevelt. In a short speech the President of the Parliament, Gunnar Knudsen, said what had especially attracted the attention of the world was President Roosevelt's efforts to end the war between Russia and Japan. The amount of the Nobel Peace Prize will be given to trustees to be used as a fund to be expended for the purpose of bringing together at Washington representatives of capital and labor to discuss industrial problems, with a view to promoting a better understanding between employers and employes. The committee of six, in charge of the fund will be called "The Industrial Peace Committee."

January 5, 1907

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