The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1866-11-21
VOL. xxx.

bonds held by the society, and to invest the
proceeds thereof in the registered bonds OF
the State Of Virginia, tho attention Of the
president was Immediately given to the
subject, and the city bonds were disposed
Of as speedily as possible. The amount
realized by the sale was, for S44,7 sold
the net sum Of s56,445, which with the
amounts realized from the sale Of Office
furniture, from 81 800 Of Confederate scrip
and the collection Of Hon. Willoughby
Ncwton's bond Ia donation by him to the
society, was appropriated to the purchase
of S55,050 of State stock, which with pre-
MUM added amounted to $685. 1888, as the
cost thereof. Add to this s50,050 the
amount Of registered bonds of the State Of
Virginia held by the society previously to
the sale Of the city bonds, and 1t will be
seen that the permanent investment Of the
society in Virginia registered bonds of old
issue is S59,2s0.
The July interest of 1863, January and
July 1864, and January 1866, with other
count, were applied to the purchase Of
$500 of new issue registered State bonds,
the payment Of the salary of the secretary
and treasurer, the property and income
tax Of the Confederate States, room rent,
ETC., and balance left on hand in reserve
to pay Confederate States taxes becoming
due in June following. This balance OF
s3,129.27 became valueless on the occur
renee of the downfall of the Confederacy.
By the great conflagration of April last
(lS65) all the transactions Of the society,
with books and papers, except what refer
to the financial affairs of the society, were
destroyed. Happily these books with all
the vouchers of the treaSurer's account
since he has been in Office are on hand and
in state of preservation.
At this meeting John Il. Edmunds, Esq,
stated that according to his Interpretation
of the constitution he could not longer act
as president, and offered to demit the of
flee; but upon being unanimously requested
by the executive committee to act until
the restoration of mail facilities should
render it practicable to communicate with
the Hon. Willoughby Newton, of West
moreland, on whom the office devolved as
the first vice president, he consented to do
so. A short time afterwards the acting
president found means Of communicating
with Mr.. Newton, resigned the Office into
his hands, and by his letter to the secretary,
which was published.
There having been no pecuniary trans
actions since the meeting above referred
to, the amount of the treasurer, as then re-
ported and accepted, is now submitted as
containing an accurate statement of the
condition of the society, except that the
report does not refer to the amount of
interest due upon the vested
funds of the society, nor to the arrears of
salary due to the secretary since the 1st
day of April, 1865. The interest thus sus-
pended will amount on the lst day of
January, 1867, to 81, 10, and the arrears of
salary to the same date to 1915.
1t is a pleasing reflection that, notwith-
the heavy losses sustained by the
society as unavoidable incidents Of the
late civil war, the accretion Of its perma-
nent funds, consisting, at the commence
ment of hostilities, of bonds amounting to
s46,550, has progressed at the rate of
fraction over eight per cent. per annum,
arising in large part from the change. of
This calculation does not
include the above-mentioned items Of intc-
rest, which, if included, will increase the
permanent fund to sG6,3G0.
All of which is respectfully submitted.
JSignedl CHARLES B. WILLIAMS.
Secretary and Treasurer.
The report was received, and ordered to
be published for the information Of the
society.
The day was spent in desultory converse
ton and discussion, and in preparing busi-
ness for last nights meeting.