Evening star., 1907-08-07
TO RAISE $5OO,0OO
Continued from First Page.)

matter has been given considerable consid-
GRAFTON. especially in view Of the fact that
there is said to be the intention among the
delegates to lower the rates and to Tighten
the burdens Of the older members of the Or
sanization In the matter of premiums.
The annual election of officers will prob
ably be held tomorrow. There are rumors
Of candidates for all the offices open at this
session.
Dan Callahan has many good things In
the way Of entertainment that are expected
to interest the delegates. which started
this afternoon with fish fry at Cape
Henry. The knights went to the cape in
special cars. Tonight the banquet to the
delegates will be held at the Chamberlin
Hotel. with a visit to the exposition and
other side trips
Secret Session Held.
1t was O'Clock yesterday afternoon
when the supreme knight, Edward L.
Hearn. called the convention to order. and
the body Immediately went into secret ses-
sion. The officers present included James
A. F1aherty of Philadelphia. deputy su-
preme knight; Daniel Colwell Of New Ha-
ven. national secretary; P. ]. Brady of
Cleveland, national treasurer; DR.. w. T.
McMannie of New York city, national ply
sician; P. L. McArde of Chicago, national
advocate. and Rev. p. ]. McChvney of Mid
dletown, Conn, national chaplain
After an invocation by Father McGivney
dent to the organization of large delibera-
tive body, the reports of officers were read
and received, committees appointed and the
work formally launched.
$2,531 900 in Treasury.
One Of the most interesting reports was
that of P. ]. Brady. the national treasurer.
who reported to the convention that the or
der has g., ,531 coo in its treasury. This Is
represented by cash in banks in fourteen
L. 80
a quarter Of million Of dollars: first mort
gage bonds on the leading railroads Of the
United States amounting to 81 $50, 7Oa "a
mortgages on real estate amounting to
$273, 900: real estate owned by the order.
nearly s2OO.OOO; cash deposited in banks in
Canada and In two states for the faithful
carrying out OF the laws Of the respective
commonwealths. 5000. 1t was also an
nounced that during the year the order paid
in death claims s35e, 500 and invested in safe
securities more than $2OO,OOO
The treasurer's report also shows cash re-
sources from death benefits, s613, 600: from
interest on funds invested. $s3, 263 .4s: for
consists Of moneys levied to meet running
expenses. associate and insurance members
being the contributors. $3.50. .202. The total
receipts Of the treasurer during the year
were 1856. 557.57.
Biennial Conventions Advocated.
D. ]. Callahan and the local committee
OF arrangements assisting him have come
In for a great deal Of commendation on the
part Of the delegates and visiting Knights
of Columbus. The convention Is meeting
in the assembly room of the Pine Beach
Hotel This large chamber Is in the front
Of the hotel overlooking Hampton roads
There Is said to be a sentiment among
the delegates to dispense with the annual
conventions, and instead hold them every
two years. This suggestion has been made
in, LAM Of air
it costs the order anywhere from $4,000
to $4,000 It is pointed out that there is
no pressing necessity for the annual gath
erings.