The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1899-11-07

into the Fund.
The Teachers Retirement Fund is not
supported by State taxes. Though estab-
lished by law, not cent of it has come
from the State. Teachers who are willing
to cooperate in the support of their dis
abled comrades notify their Boards of
Education to that effect, upon whom it be-
comes mandatory to deduct each month
one per cent from the monthly salaries of
such teachers and forward the amounts so
deducted to the State Treasurer at Tren-
ton, who is ex officio Treasurer of the
Fund. Membership application blanks
may be obtained from the County Super
intendent, or from S. E. Manness, Cam
den. Teachers who change their positions
must Immediately give written notice to
the Board of Education that employs them
that they are members of The Teachers
Retirement Fund, and direct that one per
cent of their salary be deducted and for
warded to the State Treasurer.
Not all the teachers of the State are con-
tributors to the Fund, but about half of
them are, and many new members are
being reported from various parts of the
State. 1t is hoped that members and
friends of the Fund will prosecute the
work vigorously until every teacher in the
State is enrolled. The aggregate of mem
bers' contributions yields already the gen
erous income of $4,000 annually, upon
which eighteen teachers have been reliev-
ed Of classes they were no longer able to
teach, and have been retired upon mod
est competence. Several more tired out
teachers will find refuge in the safe and
peaceful haven of the retirement fund be-
fore the end of the year. If every teach
er in the State would consent to add one
cent out of every dollar earned, the annu-
al income from this source would be
$50, 900.
The law permits the Fund to be increased
by donations, legacy, gift, bequest, de-
wise or otherwise" and the Board of Trus-
tees has, by official resolution, cordially
endorsed the project of fairs, bazaars, con-
certs, lectures and other entertainments,
the proceeds of which shall be applied to
the permanent endowment of the Fund.
Orange in 1897 thus contributed 81, 300.
1t is proposed to institute a series of
fairs and entertainments throughout the
State during the present and ensuing year.
Paterson started the enterprise; Hoboken
will follow with fair lasting from De-
cember 18th to 10Th; other places in both
Passaic and Hudson counties will add
something to the contributions of their
counties; Trenton and Camden are expect
ed soon to be in line, and it is hoped that
the movement will become general. In
formation regarding fairs and entertain
ments will be furnished by Miss Elizabeth
A. Allen, Eoboken. In both Paterson
and Hoboken the municipal authorities,
the Boards of Education and the City
superintendent are cooperating cordially
with the teachers. In Hoboken, the May
or is President of the Fair Committee;
members Of the Board of Education are
respectively Vice President, Treasurer
and Director, and the City Superintendent
is Chairman of the Executive Committee.
The following amounts have been real
lied by Teachers Fairs in other States
New York City, 10000: Brooklyn, $50
900; Boston, $50, 600; Philadelphia, $50, 900
Cincinnati, ST., 900; Washington, $22, 900
Baltimore, $4,000; and, very recently
Providence Melted $4,000 for the Retire
ment Fund of that city. The State Of
New Jersey, with its 5000 teachers backed
by their generous patrons, the public
should exceed the best of these figures be
fore the end of 1900 There is no place
however small, that cannot do something
in this way toward the permanent endow
ment of the good work.
The Fund is managed by board O
seven trustees composed of the State Su
perintendent of Public Instruction, thre,
members of the State Board of Education
and three teachers appointed for 1899 BY
the President of the New Jersey Stat
Teachers Association and thereafter elect
ed by said Association. All the member
of the board of Trustees are warm advo
Gates of the Fund, and its President, MI
Charles j. Baxter, State Superintendent
of Public Instruction, its Secretary, Mr.
s. E. Manness, and Mr.. S. r. Morse, 0
the State Board of Education, have vol
unteered to present the cause at variou
county institutes.
The Treasures report for the year end
ing June 80, 1899, shows the following
RECEIPTS
Balance in banks Sept. /, 1898. ..... .s24, $50 0
Received from members to June 30,
lS99.......... OBSERVATION-DISCLOSURES. 1885
Interest on deposits to Dec. 81, 1885,. 346
ss7,55S 8
! DISBURSEMENTS.
Expenses to June 80, 1899. l,249 4
Ann uitles paid to June 30, 1899. 2.85S
Amount paid tor eight bonds, $1,000
each, School District, No. 4S, At
| Accrued interest on above bonds... 80 3
Balance in banks June 30 ls99......... 26,l25 9
81, $50 5
OF the foregoing balance the following
amounts are drawing per cent interest:
National State Bank, Camden........$ g. 1884 8
Camden Safe DeposfU aud Trust Co... $3.50 0
Security Savings Bank, Newark. 5,l63 9
sI9,OOs 9
Checks for the following amounts hav
been drawn since June 30, 1899, on'warrants o
that date:
Annuities 1887
Expenses. ................-...-...... oS .
$50 I
Total amount of annuities paid to