The Montgomery advertiser., 1907-06-23

 sRemember the days of old; consider the years of many gensrationi ask thy thy elders and they will tell thee. Moses. Remove not the ancient landmark. which thy fathers have set."-Solomon.
 State Directory. Regent-Mrs. Aurora Pryor Me- vice ~Vica-Regent-Mrs. Rhett Goode. Mo- Seoretary-Mrs William Harvey. New Treasurer-Mrs. J. c. Street. opelika. Historian-Miss Anne Marks Will chapiainSMrs. Charles A stakely. ofieiaI iReader-Mrs. L. ?. Haley. Agent American Monthly-Mrs. J. M Poet Laureate. Miss Meta Thompson.
 Chapter Directory
 General Sumter--Birmingham Re- gent, Mrs. A G. Smith.
 Peter Forney-Montgomery: Regent, Audrey Jaekson--ralladega: Regent. Light Horse Harry Lee--Auburn; Re- Martha Wayies Jefrerson-opelika; Regent, Mrs. A. L. DowdelL.
 :. Iohn Wade Expeditions; Regent Tuscaioosa~Tuscaloosa; Regent. Mrs. LewiswEufa1la; Regent. Miss Mary Mobiie-Mobile: Regent. Mrs. Joseph stephens-New Decatur; Regent, Mrs. 1Srea Frederick William aray-Anniston: Regent, Mrs. Hiram Donald Barr.
 Francis Marion-Montgomery; Re- gent, Mrs. Halls Janney.
 ID Axn nfutN Katherine Steel - Oxford; Regent, Mrs James R. Draper.
 Report of Finance Committee
 A printed circular letter has been sent to the D. A. R. throughout the Union, and is the Financial Statement Regarding the Funds of the Treas ury. National Society, D. A R."
 After this paragraph of explana- tion:
 Certain statements having been made which might create an erroneous impression in regard to the finances of the Society, and such finances being in a most fiourishing condition, the fol- lowing reports are placed in your hands to give you full information and knowl- edge of the care with which your finances are safeguarded. and the prosperous condition of the treasury"  Report of National Board of Manage ment, meeting held Oct. 3, 1906, pub lished in American Monthly Magazine, December, 1906, wherein the Finance Committee asks a ruling as to its right 'to make suggestions with regard to the investment of the Permanent Fund of the Society,"" After quoting prece- dents as to its power to 80 make rec commentators. it continues: We feel. as a committee. that our funds should be invested in such a way as to pro- duce greater results in interest" Then continues: Tn view of the very re- cent financial disasters in Philadelphia and Chicago. the committee feels that it would be wiser that our money be invested either in securities or depos- ited in different banks, and not remain In the custody of one institution This measure is recommended for safety" There Is a suggestion to invest cer- tain amount in United States Govern ment bonds at per cent. This report is signed by the Finance Committee, with Mrs Charlotte B. Mann, chairman, and the report was accepted.
 In Report of Special Committee on Investment of Permanent Fund, and which report was also accepted. we reads
 ''The special committee appointed by the Board to investigate the best meth-  of the Society, beg leave to make the following suggestions after consulta- tion with the heads of the trust and security companies of the city, who unanimously recommend us to invest such proportions as We can spare rom present contracts in first mortgage railroad bonds. which will probably net interest of about 4 per cent per annum, the expense of purchase or which would be merely nominal, and which can be sold at any time without material loss.
 These gentlemen will give us expert advice as to the bonds which will make the best investment.
 We further suggest that the re- mainder of our permanent fund be di- yided among the four trust companies of the city, viz: The National Safe Deposit, the American Security and Trust. the Union Trust, and the Wash lngton Loan and Trust.
 Respectfully submitted. (signed) Charlotte Emerson Main.
 Chairman"
 Harriet B. Newberry.
 Ellen S. Mussey,
 'Report accepted:
 Then follows an "extract from the report of the Finance Committee, No- vember, 1906, in which is given a de- tailed statement of the several railroad bona lnNeslhcHeS' ~, = through and with the advice or the above named trust companies. Report accepted.
 Finally comes the report of chair man of finance committee, April, 1907, made to the sixteenth Centennial Con gress. This contains 0 full account UT the years expenses. the detailed state ment as above, of its investments, with the reasons for same and items or in- terest received from each.
 The wisdom of this investment IS fully proven as the permanent fund has now an income from the bonds alone, of Ss5O a year. This. together with the interest procured through your committee on the balance in the National Metropolitan Bank, upon which no interest had previously been paid. makes a clear gain of approxi- mately $500 per year, over and above what 1t was formerly earning as in- terest from the banks.
 Respectfully submitted.
 (siSned) Charlotte Emerson Main
 Chairman.
 Harriet Barnes Newberry, Ellen Spencer MusSey'
 f' Bertha Murdoch Robbins,
 Mary Louise Barron.
 Report accepted by the sixteenth Continental congress, Tuesday, April l6, 1907. The foregoing seems a most satls- factory exposition of the finances or the society, and that the committee which has 1t in charge ana the az ministration have been working to- wards the best interest of the National D. A. R.