Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-01-10
GRATIFYING PROGRESS
Healthy 0ondition of the Teachers Annuity
tand Aid Association.
The Surplus fund Increased to $780,
OOO-RepoBts of Officers and Re
SUN % Annual Election.

The fourth annual meeting of the Teach
ers' Annuity and Aid Association was held
Saturday at the Franklin School building.
The business before the body was of vital
interest becal Sc an amendment making an
important change in the constitution had
been proposed and action upon it was
necessary. few words in explanation of
this matter will prove both instructive and
reassuring to the many friends OF the or
ganization, showing. as they will. the SPLEEN
did progress made by it and the healthy
condition of its finances. When the asso-
citation was organized, in March, 1894. its
objects were declared to be the retirement
on an annuity of all teachers who have
served thirty-five years in the schools; to
pay annuities to disabled teachers and
death benefits. 1t was not expected that
the payment of annuites could be COM
menced for five years. but the teachers
bazaar, held two years ago TO-: the benefit
of the association, was so successful net
ting over $4,000, that the payment of an
nu1ties was begun year ago.
The Surplus Fund Doubled.
1t was also decided, when the organiza-
ton was formed, to devote one-half of all
the dues paid in by members to a perIna-
nent fund until $4,000 was secured.
AT the meeting today the proposed
amendment to the constitution increasing
the amount stated in this proviso from
$50,V0 to 100000 was adopted, it being
shown that the amount already hand
was over $4,000. Other changes in the
constitution were adopted, but they merely
affected routine matters concerning meet
1ngs of divisions for the election of d.
rectors and fixing the annual meeting time
OF the association. The report of Treasurer
A L. Stuart developed that the demands
upon the finances of the association during
the first year of payments of annuities
ana death benefits was larger than any
young association of the same character
had ever been subjected to, and also that
no organization had ever commenced pay
ing its dues within such short time. The
payments reached to within l per cent of
the amounts promised.
There were no less than eleven deaths
during the year. Death benefits in seven
cases are now being settled. and in four
cases have been settled. The permanent
fund amounts to S41,2g.70. The annuity
fund balance is 81, 701.46 in bank January
l, lSoS after disbursements during the year
OF S1,S627o. The total property of the
association amounts to 81. 404.GG.
The membership comprises 341 teachers,
divided as follows among the school di-
visions: Special division, 81; first division,
81: second division, Al; third division, 55;
fourth division, SO; fifth division, 81 sixth
division, 50; seventh division, is; eighth
division. 30. There are now three annui
tants.
Election of Officers.
w
and the business indicated disposed of, Off
GERS were elected as follows: officers and
directors, forming board of trustees: n p.
Gage. president; Mrs. Clara B. Smith, first
Vice president Mrs. l.. a. Bradley, second
vice president; Flora l.. Hendley, recording
secretary: John T. Freeman, financial sec
rotary; A. Z. Stuart, treasurer. Directors:
Ida NJ. DAILY, special division; Mary c. Nc
Gill, first division; Emma X. Scott. second
division; Annie Beers, third division; Miss
M. p. Wilson, fourth division; b. T. Jan
Eey fifth division; E. C. Dyer, sixth divis-
ion; S. a. Langley, seventh and eighth
divisions At large: A. M. Cooling and Mr..
Horton Simpson.
All the officers We're reelected except
Mrs. Bradley. who succeeded E. a. Den
ney as vice president; Miss NJ. p. Wilson,
who succeeded Mr.. Isaac Fairbrother as a
director from the fourth division, and Mr..
Horton Simpson, who succeeded NJ. Grace
Ravenburs a directorate large.