The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1891-09-03

9OT. "a s.
Holding value of shares in each series-First
SERIES So IS; I'd series, $476 sd series, $40; Atm
series, $I.53 nuoo;5or.
HUGH INNEs, Secretary.
r. F. HOWE, Treasurer.
To tie President and Board Of Directors Of
the CaEedoni0 Building and Loan A8sC-
citation
GENTLEMEN Your committee APP
pointed to audit the books and accounts
Of the Secretary and Treasurer Of this as
ISOLATION would respectfully report:
That we have examined the Secretary's
account books, stock certificate books, re-
ceipts and other vouchers; that we have
examined the bonds and mortgages upon
which loans have been made; that we
have examined the Treasurer's written
statement of moneys received and eXpend-
ed: that we have verified the amounts re-
ceived by the Secretary with the Treasur,
er's receipts for moneys, and find the total
amount shown by the Treasurer's receipts
to the Secretary agrees with the amount
Of money as shown by the Secretary's
books to have been collected
We find the amount shown by the Sec
rotary and Treasurer to have been paid
out for loans to agree with the amount OF
the bonds and mortgages taken in the
name of this Association, and now in the
safety deposit vault Of the First National
Bank for safe keeping.
We find from the stubs of the stock GER
tifcate book that the following number of
shares Of stock are outstanding in each
series /, 1854 shares first series; 297 shares
second series; 800 shares third series; 218
shares fourth series.
Your committee find that there should
have been paid for dues on each share in
first SERIES co. on each share in second
series, 81. so; on each share in third series,
$500; on. each share in fourth series,
$3.50 By adding to this amount twenty
five (25) cents per share for entrance fees,
and twenty-five (25) cents for each pass
book issued and the sum of $50. 10 fines,
$146O transfers, and S67007 interest, the
grand total that should have been collect
ed is obtained. We find the amount thus
obtained to agree with the amount actual
ly received by the Secretary and by him
turned over to the Treasurer, with the ex-
ception Of small amount of uncollected
dues.
We find that the total amount received,
as shown by the statement of the Secre
tary, hereto annexed, is S23, $50. ~, and,
in the opinion of your committee, is all
the money actually received by the Sec
rotary and we find that this sum has been
turned over to the Treasurer and proper
receipts given therefor.
We find the amount Of loans now out
standing to be 81, 760, as shown by the
Secretary's statement hereto annexed.
We find that the several items of ex-
penses mentioned in said statement as dis
bursements have been actually incurred.
We find that the sum Of $142. 90 has been
paid to shareholders on Withdrawals, and
that the certificates of stock in each in
stance where withdrawal occurred have
been returned, properly cancelled, and at
ia he'd to the stub in the stock certificate
book.
We find proper voucher for each and
every item of disbursement made
We find the sum of 81, 361. 40 on hand
to the credit of r. F. Howe, Treasurer, at
the First National Bank, in this city, at
the closing of Secretarys books for year
ending July 18th, 1891.
Your committee attach to this report, as
part of same, memoranda showing names
of the borrowers, and the amount loaned
each one; memoranda taken from stock
certificate book showing each issue of
stock and the number of shares represent
ed by each and every certificate; also,
statement of receipts and disbursements,
and of assets and liabilities; also, COM
putation showing holding value of shares
of stock in each series.
Your committee find the books and &C.
counts of the Secretary and Treasurer to
be correct, and the statements made by
them correct transcripts of the same,
We find the books and accounts to be kept
in very skillful and workmanlike man
ner and feel that the Association owes its
success and present prosperity to the I'M
firing efforts of its present Secretary.
All of which is respectfully submitted.
EDWARD G. THEIRS,
A. III. LANCE,
w. p. ROBINSON.
KENOSHA, Wis, August 18th. 1891