Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1911-04-08

The organization was completed by |
the election Of these officers:
President-Mrs. A. @. Moriarty.
Vice president--Mrs. Herman Bran.
denburg.
Secretary-Mrs. p. J. Powers.
Treasurer-Mrs. Nicholas Crane,
Directors-Mrs. Z. ]. Danis, Miss
Nan Fitzgerald, Mrs. p. e. Collins.
Mrs. M. A. Murowski, Mrs. M. Schon.
sett and Mrs. c. Moore.
"This meeting has been called he
cause we are beginning to reach the
end Of our slender resources and
there Is no immediate prospect Of get.
ting assistance from the money col.
lected for US and which the public be.
lieves we are now using," said Mrs.
Doyle.
"One Of the chief purposes Of our
organisation should be to let the pub.
lie know the truth about the fire fund
situation" said Mrs. Moriarity, on
assuming the duties Of her once.
II finally was agreed to wait until
Thursday evening for action on the
part Of the committee that has pos.
session Of the funds. A meeting Of
the association will then be held In
Mrs. Lannon's house and further &C.
tion agreed upon.
II IL long time since anything has
stirred the people Of Chicago like this
grabfest which has for its victims the
families OF Chicago firemen.
I'VE want to know where the money
is now," said Mrs. Lannon. 1T was
collected for us and we ought to have
1t. We need It. A number Of us have
mortgages on our homes which are
about to fall due. We have no idea
what has been done with this fund.
We have no voice In the meetings
of the relief committee and have no
means OF knowing what Is being done
or when we can expect financial aid.
We have heard that the money has
been invested, but that is only hear.
say.
"The money was collected for us,
for our immediate use--not to be In.
vested.
I'VE are banded together now to
find out what Is going on. We are all
In the association, except Mrs. Horan.
We know nothing about her attitude
In the matter. Mrs. Burroughs was
not with us. either. but she was rep
resented by Mrs. Crane last night.
| nf hoo
since the fire. know that to be
fact. Also, know that We need It
now--not a year from now. We need
more than the trifiing sum to which
any interest will amount. I don't
know yet what we shall do. but we
shall do something. We have post.
poned action, however, until next
Thursday night, when we meet again
at my hOme.'
Chicago Tribune, April 2, 1911-Is
the plan which has been adopted for
the disposition of the money given
Tor the widows and orphans OF the
firemen killed in the stockyards fire
the best possible one? The fund
amounts to 100000. OF that $4,000
Is to be set aside for the care of the
thirty-one children. Each of these
will get annually the interest on
$4,000, which will be about $lOO On
reaching the age of 25 each one will
get his or her $4,000. The sum of
$4,000 Is to be set apart for the
widows, and the interest-say $1,000
will be divided among them yearly
in proportion to the wages their hus.
bands got. Not one OF them ever will
receive the principal, and when she
dies her share will go to the chill
dren or other heirs.
So, while the trust fund of $2O2 900
would be lessened gradually as chill.
dren reached 25 and widows died. it
might be fifty years before the last
widow died and the trust came to an
end.
The ideal course would be not to
| adopt cast iron rule, but to decide
what would be best for each bene-
ficiary. No doubt in some cases it
would be unwise to hand over the
| principal to widow she might fool
it away or be cheated out of 1t. There
are others who would use it provi.
IDENTIFY In buying a home or starting a
| small business. 1t might be great
advantage to some of the children to
get S2. 900 on reaching the age of 25.