The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-13
Finance Committee Ac-
cuSed of Making Losing
Investment.
Meeting of AccuSerS
Called By Miss Mary
DeSha.
Mrs. Mclean and Mrs.
MuSSey Avoid Short,
Ugly Word. "

The storm cloud which has been
gathering for the last week over the
coming convention of the Daughters
of the American Revolution, burst
with all its fury this morning, when
Mrs. Ellen Spencer Mussey. State
regent for the District CT Columbia,
gave 20 the press the following de-
nial Of the charges which were
made about the finances Of the or
ganization at a meeting of the
Daughters last night in the Ebbitt
House:
Absolutely False"
ION being shown the statement made
by authority of Mrs. Mary Z. S. Davis.
as 20 the finances of the National So
ciety. d. A. r., this morning the presi-
dent-general, Mrs. Donald Mclean. de-
med them as absolutely false, and with
out any foundation.
THE society has never speculated in
stocks Of any kind. and does not own
any stocks. 1t is not and never has
been in debt during Mrs McLean's ad-
ministration. and has had the money
10 meet every obligation as It became
due.
In this statement Mrs. Charlotte
Emerson Main, vice president general
and chairman of the finance committee,
Joined. Mrs. Ellen Spencer Mussey,
State regent of the District of Columbia
and a member q the nnance committee,
affirmed Mrs. McLean's denial Mrs.
Mussey said that the meeting last night
was not called officially; neither Tas she
as State regent notified that such
meeting was 10 be held; 30 iar as sne
knows, no member OF the finance COM
mittee was invited to attend the meeting
at which these false statements were
made.
T.. A Il. consists OF Mrs. Charlotte
Emerson Main. vice president general,
Mrs. TTueman II. Newbern, vice presi-
dent general from Michigan. Mrs Ellen
Spencer Mussey, state regent, District
az Columbia; Mrs. John Russell Young,
Mrs. Bertha p. Robbins, and Mrs Henry
Barroll.' -
this morning the action of finance com
mittee was re-indOrsed and approved by
Mrs MaFv D Patten, state regent,
Pennsylvania; Mrs. Emily II. Park vice
president general Georgia. Miss Ellen
Mecew. state regent, New Jersey; Mrs..
Mary j. Kearfott. vice president 8 ~
erai New Jersey. Mrs. Sophie II. Bush
nell. vice president general Iowa; Mrs
Charles II. Deere. vice president general
Illinois; Mrs Halle louisville, state
regent. Georgia: MIS-. Eliza II. L. Bar
ker vice president general, Rhode Is
land
Miss Desha Called Meeting.
The members Of the Daughters of the
American Revolution, who assembled at
the EbbItt House last night. and whose
deliberations called forth the vigorous
denial of the State regent given above,
met at the invitation of Miss Mary
Desha.
According to reports submitted at this
meeting certain investments were made
that have not resulted as satisfactorily
as nad been expected. and which, fur
thermore were made against a pro-
prohibiting such use of the organiza-
tions funds.
The money is invested in Baltimore
and Ohio. Union Pacific, and Chicago
and Alton. 1t was said. Some of it is
trust funds. Resolutions deploring this
alleged action OF the finance committee,
and looking TO way to prevent such
investments in the future, were offered
and enthusiastically received.
Interest Less Than Brokerage.
Mrs. NJ. E. B. Davis. treasurer gen
eral of the society, said during the
meeting last night
Members Of the finance committee
said that we would get 4 per cent inter
est on the bonds. but as a matter Of
fact. the interest has been s. less than
the brokerage
"One of the brokers who sold tba
bonds told me that had he understood
the financial condition of the society
he would have advised against their pur-
chase The money, some of it trust
funds, is invested in Baltimore and
Ohio, Union Pacific, Chicago and North
ern. and Chicago and Alton Much 90
this stock IS depreciating. 1 understand
that we won't get anything In twenty
years from that invested in the Chicago
and Alton
She said she had made a determined
opposition to the purchase O.. the bonds
and told of her efforts to have the sc-
counts of the society audited.