Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1925-06-17
THE LEGION CAMPAIGN
Endowment Fund Must Go
Over With a Big Surplus
in Order to Care for Sol
diers Disabled.

QlSfS DLSdDlGus
when the boys marched away |
in the thrilling days Of 1917-19l8,
the people Of this state and OF the
entire nation felt and said that
everything possible should be done
to express their appreciation of the
sacrifices the boys were making,
declared George Wits, Manitowoc,
state chairman of the American
Legion S5,O00,000 Endowment fund
campaign, in announcing that the
intensive drive would open on Mon
day.
"A way to give concrete express
sion to that feeling and those
promises is now presented. Ihous-
ands of these boys who marched
iauntily away to war are stretched
upon hospital beds. They need
help. Orphaned and dependent
children of veterans need help
also"
In outlining the purpose of the
fund, George r. Hewitt, state vice
commander Of the Legion, stated
that the American Legion char
tered by Congress, has carried dur
ing the last six years Of reconstruc-
tion large load, shared by govern
mental agencies, of tie care and
cure of the Wars disabled men,
and the care, upbringing and edu-
cation of the orphaned children Of
veterans.
This responsibility, welcomed by
the Legion, has been shared by Sthe
people of the United States. The
Legion has spent it's own funds,
has sometimes borrowed money,
has often been unable to see very
far ahead into the sources for
financial needs, has received num-
erous gifts. The fiscal policy back
of the largest war relief problem
in America has been Hand to
mouth"
Based on this six year experience
is the proposal to raise the Endow-
ment fund of five million dollars,
as a perpetual trust fund from
which only the income shall be
used as the financial background
of the rehabilitation and child
welfare work of the Legion, the
central generating plant for ma
tion-wide activity Of 1000 posts
and $500 Legion Auxiliary units.
Vice-Commander Hewitt called
attention to the fact that the en-
dowment fund is being raised by
national, state and local commit
tees on which mutual service is be-
ing given by public spirited men
and women and by members Of the
American Legion and it's auxiliary
bodies. The spirit of public coop
Grafton is such that no heavy ex-
pense as involved, and the cost of
financing the work for the disabled
and the orphans for all time will
be smaller than the cost Of market
ing first mortgage bonds on sound
business property.
The American Legion endow-
ment fund has been established as
a perpetual trust with a corpora
tion being organized for the pur-
pose of supervision, custody, in
vestment and care of the principal,
and supervision of the expenditure
Of the income.
The American Legion, by declar-
alton of trust, turns over to this
corporation the net proceeds of all
the funds collected to be held as
perpetual trust fund for the pur-
pose of child welfare and rehabili-
tation work, it being understood
that when the Legion ceases to eX-
list, on the uses to which the fund
is devoted are no longer necessary,
the future Of the fund will then
be determined by board to be APP
pointed by the person then acting
as President of the United States,
it being provided, however, that
the use at that time shall be as
nearly analogous to the present
uses as possible, and that the fund
shall be held as a perpetual mem
orial to The American Legion and
the income ony be expended.