The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-11-24
Royal Arcanun,


Arcanum are in excellent condition.
according to a statement made today
J by Joseph A. IAngfitt. of Pittsburg.
past supreme regent and chairman ef
the orders subcommittee ON invest
ments. Mr.. IAngfittt reviewed tbs
recent technical examination by the
insurance departments Of Massachus-
etts. New York and Connecticut. which
gave the order a certificate OF solvency
from the highest authority.
The financial affairs Of the order
Mr.. Largfitt's statement continues
have now been 40 fully adjusted and
regulated. that hereafter fraternity
and financial security win pull. evenly
on the traces that draw the .chnriot
! of Success @es
from its Windows and Orphans
The Royal Arcanum Transferred
Benevolent fund to the emergency
fund the sum OF one million dollars,
which has been invested in high grade
securities. And the order owns liberty
bonds to the amount of 100000.
| That the increase in the valuation
has strengthened its position. II indi-
Gated in the past supreme regents
explanation OF how the order tnvests
its surpfua The executive committee.
OF the supreme council. is charged
with the duty OF making such invest =
ments. and II has delegated the work
TO subcommittee OF three known A
the investment committee. whose
members are located in different parts
| of the country Mr.. Langfitt has been
! chairman for a number Of years. and
his associates Include Robert Van
| Sands. OF Chicago. and William +.
Mcconnell of New York
These three Royal ArcAnum ON
GERS must agree on the securities Sc
ilected before any available surplus II
invested. Only bond issues. APP
proved by the laws OF Massachusetts,.
under which the order Was incorpo-
rated. and are purchased Through re-
sponsible bond houses. and the DRAFT
/ for payment Ia issued upon the writ
item note to purchase. signed by the
three members Of the committee.
| II Is then passed upon and signed
| by the supreme regent, the supreme
secretary and the supreme treasurer.
and delivered to long-esta blished
trust company of Boston. where the
order has it's own safety deposit
boxes These can be opened only by
using together three different keys
which are separately kept by an OFF,
, Ger OF the trust company. by the su-
preme secretary OF the order and ~
the chairman OF the Investment COM
mittee. or his delegated substitute.
The financial condition Of our or
! der" Mr.. Iangfitt said today. "as we'll
as it's permanent soivency, must BE-
gratifying to every thoughtful mem
Der. This department OF our society
Is. we believe. unsurpassed for con-
servafism safety and intelligent man
agement. Our firNnces have come
out OF the depths by q great sAcri.
/ ficc on the part Of our loyal member
ship. and the Joy and satisfaction In
cident to this accomplishment -
measurable repayment for the hard
ships endured"
Bclvidcrc Council. No. iiSe, second
and fourth Thursday nights each
! month at Colombo Hall. 204s West
Broad street. J. s. Hopkins, seere-
tary. soss West Grace street
Flba Council. No. sis, meet, frvt
and third Tuesday nights each month
at Lee Camp Hall. SAX East Broad
street, c. w. Tyler, secretary. 311
North Third street
! Henrico Council. No. 733, meets
first and third Thursday nights each
month at Jr. O. U. A. NJ Hall, So4
Louisiana avenue. H. II. Coghiil,
tary. l3o1-D. Barton Heights.
secretary. 907 North Thirty-nfth
street.
McCarthy Council. No. AS, meets
! first and third Thursday nights each
month at Lee Camp Hall, 5l4M East
Broad street J. Fl. b. Peay, secro-
Manchester Council. No. 1917, meets
/, frst and third Friday nights each
month at Manchester National Bank
building. 1000 Hull street. ]. II.
Purdy. ST., secretary, 4o5 West Thirty
| third street.
Shockoc Council. No. nos, meats
/ second and fourth Wednesday nights
each month at Eagles Hall. corner
Marshall and Third streets.
Union Council. No. 81. meets second
and fourth Tuesday nights each month
at Marshall Hall. +. r.. Butler, sec-
retary4 7Qc North aYenue.-
1 Virginia Council. NO a. rnaAAn