Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-05-10
SIXTH SEMI ANNUAL REPORT
FINANCE COMMITTEE
or THE
Occidental Self Endowment Association.
San Franci.c CAL, May 3, 1888.
To the Board of Directors and Mem
bers of the Occidental Self Endow-
ment Association:
San Franci.co, CAL, May 3,

WE, YOUR COMMITTEE. APPOINTED TO
w examine the books, records and manage
ment of this Association in accordance with the
Bylaws, beg to report as follows:
We find the Secretary has collected from AS
sessments 81 to SO, inclusive, since the last FL
nance Report, September 10, 1885, the sum of
Sb,9i9 %, and has paid into the Endowment
Fund SIS l60 So, and to the Death Beneficiary
Fund the sum OF SO, 7s9 TO- as prescribed by the
Bylaws.
We find the Endowment Fund has been loaned
in strict accordance with the Bylaws, to those
holders of coupons first to become due, without
Partially to any one.
We find the Death Beneficiary Fund has been
d.sbursed in payment of the following death
claims:
F. o. Spear, Oakland Cal..................s 50 900
Geo. A. Stark, San Jose, Cal 1000
b. NJ Heath, Healdsburg, Cal .................. 1000
j. Burwell, Los Angeles, Cal. .............. 1000
Mary l. Sullivan, San Francisco, Cal LOCO
+. Bwrmeister, Vallejo, CALI. .. .. 1000
We lind the BOOKS nave been kept neatly and
correctly, ana all moneys received have been
properly disbursed, as prescribed by the. BY
Laws
We find the system of checks adopted by the
Secretary. w. H. Ward, renders the 1aisGprro
pridtiGn of any of the funds of the Association
impossible without detection.
We have checked up the Reports of Club Man
ayers and compared them with the books and
find all moneys credited to the proper funds and
members.
We find the Association duly Incorporated nm.
der the laws OF the state of California, and from
thorough investigation see nothing to prevent
it from proving grand success and meeting ali
its liabilities, If properly managed with that
care and precaution which has hitherto been
practiced by the present management
We desire to cor pliment the present Board of
Directors for the way in which they have
brought the Association so successfully through
the change from department to an assoeiati0n
by itself, and for the confidence they have re-
stored. ~
We find the Association has near 800 mem
bers in gond standing, averaging So 600 certif-
Gates.
We have compared the reports of the secre
tary with his books and the account of the Pa
cific Bank. Treasurer, and find they correspond
We ind the secretary has ON file his bond for
So coo, with the American Surety COMPANY as
bondsmen, which we deem sufficient
We find the money collected has been demos
tied daily with the Treasurer, as the BYLAWS
require. and that the BYLAWS have been strictly
adhered to in every particular.
We desire to further state that the rlmors of
some enemies of the Association rejecting on
the management are without any foundation or
personal motives.
We believe the Board of Directors have acted
wisely in their management, and think much
| praise is due them for their labor.
| In conclusion, we desire TO express our agree
able surprise in finding the Association in so ia
| yorable condition. We desire to extend our
thanks to the Secretary and efficient assistant
w. A. Brace. for various courtesies shown ms by
| rendering whatever assistance they could in IA
cilitating the work OF our examination
r. E. COLLINS, Chairman. San Jose
JULlUSTAMMEYER, San francisco
! C. A. SAwTELLE Sacramento.
JOHN E. KENNEDY, Vallejo.
HORACE RANDALL, Santa Cruz
san FRANCISCO May ), 1880. my1olt*