Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-03-09
Y. M. C. A. GIVES
LEGION $400, 900
Soldier Organization Comes Into
Possession Of Eortuns-Mensy 10
Proceed. Of csntssn Service IN
War zeoss-Asseeiatien 10 Out
ovar Aaillion. e :,


! War zonss-Assesiatien is Out
Over Miiiien: y =
Special to TimeS- Republican.
New York. March 9.--Robert H.
Tyndall, national treasurer OF the
American Legion, today received
from the national war work council
OF the Young Mems Christian Asso-
Citations Of the United States check
for .$400, 900. With the check was a
letter from John Re- Mott general
secretary, as follows:
..At the joint meeting of the execu-
tive and finance committees OF the
national war work council of the
Young Mems Christian Association.
held in New York yesterday, was
authorized to send to you. as the ma
tional treasurer Of the American Le-
gion, the sum Of four hundred thou
sand dollars (s400,000) on account OF
the gift of the national war work
council of the Young Men's Christ
ian Association to the American Le-
gion, as reported to Mr.. Franklin
DOlier by Mr.. William Sloane and
myself In our communication ITO him
under date Of February Z. 1920 It
gives me pleasure 70 send you~~a
this time our check for this amount
of 100000.
"We indicated in our letter refer
red to above that the total amount of
the gift would be Approximately
$500,0OO. We will send you the bal
ance of the gift as soon as we have
received from overseas the final
audited figures on the canteen
amount. Our estimated figure of ap-
proximately 100000 u based on ca
bled reports" 49, ~
The money will be Invested in safe
securities pending the formal ap-
pointment Of the Fletcher-American
National Bank OF Indianapolis as
trustee, the executive cojnmittee Of
the legion having decided that the
money be held as q trust fund fora
period Of five years, the principal
sum. to be inverted and reinvested,
the income to be used for the benefit
OF disabled ex-servlce men or for
work In connection. with the national
Americanism commission OF the
American Legion, the dQporss having
expressed this prerersnce.
The money represents surplus
from the operation ofSpost exchanges
|or car,teens III France, which the
Young Mems Christian Association
undertook at the request OF General
Pershing, in connection with it, 9th
or work Tor the American expeditions
ary force. Il was tho practics Of the
association from the 0nt1st 70 make
no profit whatever from this busi-
ness, which, during tho war. amount
ed TO 337.s0o.00o. Tho aSsociation as
sumed whatever loss was incurred.
on March 81, last year, this loss
appeared to be S1,47A0ll.14. and was
Char Seii ON the rassoJis tions books to
tho cost Of operating the canteens.
This cost included only Che actual
cost OF the articles seld, n addition
to estimated cost Of transportation
and insurance. The prices charged
did not include Wages or living al
lnvanna. travAlink Axslsnses or, can
teen workers. rent 81 huts. cost Of
construction Of cantSan facilities Or
any overhead expsnses.
Recently the chargsS for transpor-
tation OF canteen supplies have bess,
remittsd w the American and French
governnents, 70 that the association
had q surplus In excess Of $500, 900