Evening journal., 1917-05-26
S4S.lOO PENSION
FUID FOR teachers
$4,000 More Invested Dur
ibg the Year Just
Closing
TWO TEACHERS RETIRE
DURING THE YEAR

The annual meeting OF the public
school teachers of the city, to re-
ceive the reports Of the officials Of
the Teachers Retirement Fund, was
held at the High School yesterday
afternoon. Dr. Clifford J. Scott
presided. Miss Sallie Reid Shaw, the
retiring member Of the board, was
reelected for term of three years.
Miss Florence Ramo, secretary, re
ported in detail the work of the board
for the year ending May 1. 1917. She
reported the retirement Of two teach
ers during the year. Miss Matilda L.
Sayers and Miss Mary H. Eldridge,
making ten persons receiving annuit-
les from the fund Eight thousand
dollars has been invested during the
year, S1.352,16 of which was contribut-
ed by the teachers. The total hold
ings as of May 1, are $4,000.
The report Of City Treasurer vii
liam J. Highfeld, who also is treas
urer Of the board, follows:
Receipts Balance in bank May /,
1916, Sl,226.SO; received from II. J.
Guthrie. assessment from teachers,
S462745; from State S227.93; inter
est on Board Of Education bonds,
S11250; New Castle county bonds,
S415; city Of Wilmington bonds.
1929; Wilmington Building Commis-
sion bonds. s135: city of Houston,
Texas bonds, S135: bank balances.
$39 %; appropriation from Board Of
Education, 81 900; from the mayor
and Council, $4,000; interest on
Shortledge mortgage, $50; balance Of
tees from Mary II. Eldridge, S3l3.39;
balance of fees for Matilda Sayers,
S25066; otal receipts, $1LO0l96.
Disbursements - Annuities paid
teachers as per vouchers, S3,607 80;
difference i'm purchase of bonds and
interest. S6751; premium on bonds
purchased. S1327; purchase Of bonds.
81 900; refund OF assessments from
teachers. S15O.59; deposit in Artisans
Savings Bank, $4,000; balance in bank
April 80, 1917. S1,163.27; total dis
bursements, $11,0O196.
Report of Special Fund: Receipts -
Balance in bank MAY J 1916. S24733;
interest on Board of Education bonds
Sll250; city of Wilmington bonds
s2325O; New Castle county bonds $50;
balance in bank, S6l3. received from
Elizabeth d. Hopes, Sl,5OO; total re-
ceipts. s.. 1896.
"Disbursements-Pu Of bonds,
$1,000; accrued interest ON bonds. Sl6.SS;
balance in bank April 30. 1917, SlG6.5S;
total disbursements. S2lSJ4G.
Securities held by the Public School
Teachers Retirement Fund April 30.
1917: Current sund- $4,000 city of VIII
mington. Del. sinking fund bonds at 4
per cent, 81 200; atty Of Wilmington,
Del. sinking fund bonds at 4 - per
cent; $1,000 Board of Education bonds
at 4 u per cent; So. .00O city Of Hous-
ton. Texas. bonds at 4 ] , per cent;
$1,000 Wilmington Building Commission
bonds at 4 II per cent; $1,000 New
Castle county bonds at 4 l-2 per cent;
- 600 New Castle county bonds at 4
per cent; 81 600 Artisans Savings Bank
tdeposit) at 4 per cent; 81 900 Short
ledge MORTGAGE at ; per cent; total in
vestment. $50 200"
Special fund permaneut-s3,0O0 city
Of Wilmington. Del. sinking fund bonds
at 4 per cent: $500 city of Whining
ton. Del. sinking fund bonds at 4 -
per cent; g 600 Board of Education
bonds at 4 ID per ~ent.: 81 900 New
Castle county bonds at ! , per cent;
81 900 New Castle county bonds at per
cent; 81 600 Equitable Guarantee and
Trust Company bonds at l-2 per cent.
Total investment, Sll 500