Venezuelan customs receipts being reserved for that purpose.
In 1903 Andrew Carnegie donated $1,500,000 for the purpose of erecting a
"palace of peace," the permanent head-quarters of this court. The deed
of trust states: "The establishment of a permanent Court of Arbitration
by the treaty of the 29th of July, 1899, is the most important step
forward, of a world-wide humanitarian character, that has ever been
taken by the joint powers, as it must ultimately banish war, and
further, being of opinion that the cause of peace will greatly benefit
by the erection of a court house and library for the permanent Court of
Arbitration," etc.