Evening journal., 1919-10-23
MAYOR HEADS DRIVE
FOR PENSION FUND
,conlinued From First Pages

fConlinued From First Page
MAYOR William G. Taylor, chairman
David Snellenburg. william 3 Megeai
and William Coyne, vice chalrmen
Ernest J. Otteni, secretary; John , hos-
sell. treasurer; committeeman chief OF
police George Black william q. Corey
president % City Council, George I
tyon: Councilmen. James B. McManus
md Charles ForNood, president oi th,
Police Commission. :. h. -miih Pp-
lice COMMISSIONS General J. p. Wick
srsham: George u. Spackman, Clarcnct
e Killen. John j. Baskob, Georse .
Nard. George santer. president of lli.
enirsl Labor Union A. ID Warner. jrr
% the Chamber OF Commerce, and Pu'
lice Sergeanl ". j. Schell.
Those who spoke on the campaign al.
dvelt at length on ihe absolute neces-
sify OF the present pension fund, beine
80 plsced that IL will enable the young
natrolmen OF today 90 look forward ~
The time when 70 viii be his haven, at
Ter ne has devoied the best portion ui
his life in guarding the liie ANA prop
erty Of his fellow citizens.
Yesterdays meeting Of the commit
fee was devoted largely 10 a review OF
the present financial status or the Po-
lice Pension Fund. 10 was explained
that the present fund was started a
number Of years ago by the patrolmen
who struggled along paying monlhly
iues giving various field sports ana
,pplying all reward moneys to the
mnd. This proved TO bee a slow method
Of building up the fund and city Coun-
oil was appealed too with The result
that the city has saw o. 10 appropriate
$1,000 YEARLY towards the fund but OF
This amount $1,000 has got TO be in
esied
As result Of many Of the pairolmen
who started the fund years ago becom-
ing unable 10 perform their duties ana
past the age limit, they were placed on
me retired list and mis- has caused the
funds 10 dwindle down until today, the
lhirty patrolmen on The list are threat
ened with a reduction in lheir pension
money unless the citizens rally to their
rescue
According 10 the financial report OF
ne Pension Fund Commission the
deficit this year will be S3.SG.22.
At the present time it was explained
there are thirty members Of the depart
ment on the Pension Roll. one OF them
being former police matron, who re-
tired after giving twenty-six years Of
Der life to The work.
Included In the list Of men in the de-
parlment who will retire In time are
those who have been wounded In the
performance Of their duties. men who
are still doing their bit
The present rating OF the pension
fund gives retired patrolmen $40 a
month hut it was pointed out yester-
day that unless assistance comes
quickly this allowance viii necessarily
have 10 be reduced one-half. II This
should be done 70 viii entail hardship
on most OF the former patrolmen who
have at best only small incomes and
who are no longer physically nt to toll
Tor the necessarles OF life.
Several Of the speakers at the confer
ance referred TO the work OF the de
pariment as compared with those OF
other cities and it was the thought eX-
pressed that fidelity and service as
sSown by the Wilmington police
should not pass unrewarded by the cit
izens now when the patromen are en-
deayoring to place that which they
started on a financial footing
The financial report OF the Pension
Fund for the present year show the
total amount 10 be paid out 10 be sii,-
5000 while the receipts up TO June 30
amount 20 ss,792.7S leaving q deficit of
S5,Si722
The Act creating The Police Pension
Fund provides that the moneys in hand
shall be Invested in approved securities
and the s70.50O in hand is invested as
follows Cilv Of Wilmington bonds, a
per cent. $1,000; city OF Wilmington
bonds. az per cent $1,000; Board of
Education bonds. az per cent, $1,000;
Wilmington Building Commission
bonds, Az per cent, $4,000; New Gas
tle county bonds, per cent, $1,000
New Castle County bonds, az per cent,
$1,000. second Liberty Loan per cent,
$500: Fourlhs Liberty Loan, az per
cent. $1,000
70 was said at the meeting yesterday
that the interest derived from these
Investments together with th6 dues
paid by the officers was Che only reye-
nue. The present fund received.
At the close Of the conference 10 was
announced that the captains OF the mr.
teen teams which will have charge or
the city will be named sometime this
week and they viii begin work on
Wednesday Of next week. The general
committee has opened Offices on The
nazzanine floor Of the Hotel dupont
Members Of the water Witch Fire'