The Washington herald., 1907-04-17

final action I'VE didn't want all of the
eggs in one basket. she said, 'and SO we
made several investments. in all some
thing like $4,000 " AfteTwaTd the state
ment Of finances was adopted.
How Money Is Invested.
The report is as follows:
Your finance committee reports the authorization
Of bills for the year. from April, 1895 TO April l'1
TO the amount Il SssC9s4. Of which the largest
items were.
Pay .Sl3 l6s ~
Rent ~ :,
Printing magazine 5i-6 d
The amount Of the permanent fund on October
was S56G50. The committee being unwilling 20
allow 81 large n sam ~ money to remain idly iYmg
in bank, earning hut scaut per cent interest
brought the subject before the national board o.
management and was authorized by It to secure
the best expert advice as 10 the bonds which would
make the best investment, and given fan power 70
act.
Through and with the advice Of the American Sc
Cuity and Trust Company they have invested in ten
600 gold bonds II the Baltimore aud Ohio Ran
road at Sl0iA each amounting to $lo5e which ln-
cludes the premium and the New YORK brokerage
Zee. These are 4 per cent coupon bonds, interest
payable on April Z and October
Through the National safe DEPOSIT. Savings ana
Trust Company they have purchased ten Union Pa
,c first mortgage railroad bonds az sia3s each az
a cost Of $40 325 80 which includes New YORK hro-
keraee fee and express charges These are DIT cent
coupon bonds interest due January and Juiy i,
and VIII give us 500 year interest
Through the Union Trust Company they have pr-
chased i've $1,000 coupon bonds Of the Chicago and
Alton Railroad at $50 fiat These bonds arc per
cent gold bonds bIt a. We were enabled 90 piT-
chase them below par or az SO N Iace fI sl0. we
realize a per cent interest due April and October,
These being below par cost Us A0063. This the}
did paying for ;he S2i.477l0. The semi annual
interest received was:
Union PaeiHc bonds Januarv I...........,...S Sa 90
Baltimore and Ohio bonds April l-........... 30 90
Chicago aud Alton bonds April l....,......., p %
Making total on these railroad b6nds...-...Silj %
The wisdom Of this investment Is fully proven as
the permanent fund has now an income from Che
bonds alous q $3.50 Ter year This, together with
the interest procured through yor committee on the
bannco iu the Metropolitan National Bank. upon
which no interest had previously hccn paid makes
clear gain Oi approximately SEQ per year over and
above what it formerly earning as interest from
the banks.
Committee to Consider Reports.
The committee of reference. to which
all reports are sent and particularly
that Of the treasurer general, was ap-
pointed at the morning session by Mrs.
Mclean. It is as follows;
Mrs. Robert r. Park. Georgia; Mrs
John McLaue. New Hampshire; Mrs j.
Morgan smith Alabama; Mrs. Wallace
Delateld, Missouri; Mrs. r. J. Barker,
Rhode Island: Mrs. Samuel AmmOn,
Pennsylvania; Mrs. Henry J. Bowron.
New York; Mrs. Ida r. Noyes, Illinois,
and Mrs. Ellen Spencer Mussey, District
Of Columbia
Mrs. Davis report is now in the hands
OF the committee for consideration.
Night session Held.
Greeting from Cornelius Amery Pugsley.
president general Of the Sons of the
American Revolution, to the Sixteenth
Continental Congress and the delegates
was received by Mrs. Mclean during the
session last evening. The evening was de-
voted to hearing reports Of the several
committees.
Several musical selections were given
during the evening by Miss Harry II. Leefe,
with Miss Ethel Iazier as accompanist
Another solo was rendered by Mrs. Noble
Newton Potts.
The following reports We're heard last
night Mrs, A. A. Kendall. chairman of
the committee on Revolutionary relies
for Memorial Hall; Mrs. Alexander Ennis
Patten, committee on national university,
Mrs Matthew T. Scott committee on
preservation Of historic spots; Miss Ellen
Necum. committee on patriotic education.
Mrs. John A. Murphy, committee on
schools. and Mrs William l. Peel. com
mittee on real Daughters.
Four Of the committees were not heard
owing to the late hour and 1t was decided
to have the reports read at the session
following the reception by the President
on Friday afternoon.
Rev. Mr.. Steele president o. the Mary
land Society OF New York, occupied
balcony box last evening. together with
Mr. Donald Mclean and Mrs May June
Seymore. past historian general