Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-05-23
INAUGURAL FUND SURPLUS
DISPOSED OF BY THE COMMITTEE
AT FINAL MEETING.
Proposition to Change the Date Of
Future Cerem0nies-COmm ssioner
Macfarland's Suggestion.

The inaugural committee, which had
charge of the second inauguration of Pres
fdent William Mckinley, held it's final meet
ing last night and adjourned sine die. The
principal business transacted was the de-
cision to turn surplus of about 81 500
over to charity, and the laying of a foun-
cation looking to change in the date of
future inaugural ceremonies Chairman
John Joy Edison presided and about twen-
ty of the members Of the committee were
present.
The committee voted to pay q number of
outstanding bills which had been approved
by the proper officers and sanctioned the
appropriation of $500 made to the fund
for the entertainment of the convention
of charities and correction. The appro-
priation was made upon the signature of
forty-hve members of the committee, Mr..
Edison stated, and had been paid over.
ABOUT $500 of the amount had not been
spent and would be returned to the inau-
gural committee. 1t was decided to vote
this refund or SO much thereof as might be
necessary, to liquidating the outst anding
indebtedness of the Union Veteran Union
encampment held here last fall. This debt
was regarded as obligation upon the
capital city. and the inaugural committee
voted to wipe 1t out Commissioner Mac
fariand declared he thought it would be
good thing If the citizens could provide a
guarantee fund to cover the expenses Of
bodies invited to meet in Washington.
the Inaugural Relief Fund.
The payment Of all bills and the setting
aside OF the appropriations mentioned. left
the balance at little more than s. 500.
This amount will be turned over to what
is known as the centennial inaugural re-
lief fund.- Of which the District Commits
sioners are trustees. The fund was Gre
ated by the Harrison inaugural committee
OF 1889. a surplus Of nearly $4,000 being
placed at that time In the hands Of the
commissioners to be invested. The in
terest OF the fund was to be paid over to
the central relief committee and devoted
to the aid OF the needy poor The fund
VS. augmented by a surplus from the frst
Mckinley Inauguration. and the net
amount invested Is now $33 200 The money
Is placed with the American Security and
Trust Company and invested in real es-
tate securities. guaranteed by the trust
company. A few of the older loans from
the fund are drawing per cent interest.
while the later ones were placed at 5 per
cent that being the prevailing money price
The interest from the fund is now pail
over upon requisition Of the Citizens Re
Her Associa ton, which Is the successor of
the old central relief committee. The fund
is regarded by many as an ideal form Of
charity, 1nSomuch as it provides an annual
appropriation for charity and is entirely
self-sustaining. There is now a balance OF
interest in the sum Of nearly $500 subject
to the order Of the Citizens Relief Asso-
citation.
The inaugural committee instructed
Chairman Edison to address the District
Commissioners in regard to the appoint
ment of a committee, national in scope, to
place before Congress the plan of chang
Ing the inaugural date.