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Full text of "Lebanon Valley College Supplementary Report to the Finance Committee"

Lebanon Valley College 

BULLETIN 

Vol. XXV JUNE. 1936 No. 3 



Supplementary Report 

Giving Financial Statement of the 

Business from July 1, 1935, to 

June I, 1936 



Presented to the Board of Trustees at their 
Annual Meeting, Friday, June 5, 1936 



Entered as Second-Class matter at Annville, Pa., under the Act of August 24, 1912 



Exhibit A 

BALMJCE SHSBT 
JUWE 1, 1936 



ASSETS 



I, Current Funds ; 
A General: 

Cash 

Investments, i^otes ReoeiTrabls 

Acootmts Receivable, Students 

Advances Receivables 
Farm Account 

Inventories: 

Dining Hall Supplies $1,500,00 

Laboratory Supplies 1,960,00 

Deferred items-~Prepaid Insurance 

Deficit, per Exhibit B 

B Restricted: 
Cash 

II. Loan Funds ; 
Cash 

aotes Receivable 

III, Endowment and Other Non-Expendable Funds ; 
Cash 
Bonds 
Stocks 

Mortgages ■', f. 

wotes Receivable 
Real Estate (Farms; ' 

IV. Plant Funds; 

Invested in Plant; 
Lands 
Buildings 
Underground Heating, Plumbing and 

Electrical System 
Equipment 

Cvirrent Additions and Betterments 
from General Fund 

V. Agency Funds: 
Cash 

Advances Receivable from General Fund 
Farm Account: Improvements 2,500,00 

Deficit 5,521.64 

Total Assets 



$1,819.77 
11,984.87 
21,824.98 

2,232.19 



3,460.00 

517,68 

34,585.06 

76,224.55 



1,605.97 ?77,830.52 



2,238.13 
4,115.25 



6,351.38 



.81 




654,326.74 




171,145.10 




21,250,00 




22,456.71 




47,476.25 


916,655,61 


39,000,00 




495,149,44 




17,089.39 




92,785.92 




15,909.37 


659,934.12 


515,64 




183.19 




5,821.64 


6,520.47 



11,667,292.10 



2. 



LIABILITIES AND FUNDS 



Exhibit A 

BALANCE SHEET 
JUNE 1, 1936 



I, Current Fimds ; 

A General: 

Notes Payable 
Accounts Payable 
Advances Fkyable: 

Agency Funds 

Students' Deposits 

Students' Activities 
Deferred Credits: 

Unearned income, per Schedule B-1 
Doubtful Accounts Receivable, 

Students 

B Restricted* 
Funds 



148,866.40 
4,804.49 

185.19 
3,029.70 
2,220.03 

12,120.74 

5,000.00 
76,224.55 

1,605.97 177,830.52 



II, Loan Funds : 
Funds 

III. Endowment and Other Non- Expendable Ftmds ; 
Endo-vTment Funds: 
General 
Restricted: 
Student Aid 
Other 
Annuity Funds 



$134,371.66 
94,920.04 



1684,963.91 



229,291.70 



IV, Plant Funds: 



Net Investment in Plant; 
Balance Jvdy 1, 1935 
Deduct organ replaced 
Add, Current Investment in 
Plant from General Fund 

V. Agency Funds ; 

Farm Accoimt: 
Notes Payable 
Advances Payable 
Funds 

Total Liabilities and Funds 



914,255.61 
2,400.00 



653,024,75 

9,000.00 644,024.75 



6,351.38 



916,655.61 



15,909.37 659,934.12 



4,000.00 

2,232.19 

288.28 



6,520.47 



11,667,292.10 



3. 



Erfiibit B 

STATEMENT OF CURRKNT FUNDS 
JULY 1, 1935 TO JUNE 1, 1936 



INCOME 



Educational and General, per Schedule B-1, 

Sec. I 1120,185.96 

Auxiliary Enterprises and Activities, per 

Schedule B-1, Sec. II 52,401.76 

Non-Bduoational Purposes, per Schedule B-1, 

Sec. Ill . 409.22 

Total Incame ^172,996.94 

EXPENSES 

Educational and General, per Schedule B-2, 

Sec. I $126,214.44 

A\ixiliary Enterprises and Activities, per 

Schedule B-2, Sec. II 43,944.20 

Non-Educational Expenses, per Schedule B-2, 

Sec. Ill 2,546.67 

Total Expenses 172,705.51 

Profit for the period July 1, 1985 to 

June 1, 1936 $291.65 



ANALYSIS OF DEFICIT ACCOUNT 

Profit for the period July 1, 1935 to i 

Jvine 1, 1936, as shown above 291,63 

,1 
Additions and Betterments invested in Plant dur- 
ing the period July 1, 1935 to June 1, 1936 15,909.37 ; 

Total Debits to Current Fund Surplus Account 15,617.74 

Deficit July 1, 1935 18,767.52 i 

i 
Current Fund Deficit June 1, 1936, carried 

to Balance Sheet "Exhibit A" $34,585.06 



4, 



Schedule B-1 



STATEMEt^T OF CURRENT INCOME 
JULY 1, 1955, TO JUNE 1, 1936 



I. Bducational and General: 



(1) 


Student Income: 












A School of Liberal Arts 


and 


Science: 








Tuition 




$68,640.41 








Less Scholarships 




11,321.20 


157,319.21 






Matriculation Fees 






1,598.96 






Biology Fees 






2,205.30 






Chemistry Fees 






2,249.00 






Physics Fees 






420.00 






Psychology Fees 






126.00 






Practice Teaching Fees 




1,155,00 






Graduation Fees 






1,455.00 


$66,528.47 




B Auxiliary Educational Schools: 








Extension School 






1,248.00 






Music School 






25,473.00 






Saturday School 






1,575.00 






Summer School 






2.267.64 


30,563.64 


(2) 


Endovanent Income 

General Purposes 








23,383.03 


(3) 


Gifts and Grants: 
Benevolence 






5,461.85 






Other 






1,200.00 


6,661.85 


(4) 


Other Sources; 












Chemical Analysis by 


Dr. 


Bender 


167.60 






Group Life Insurance 






546.48 






Interest on Current Funds 


495.70 






Library Income 






396.73 


1,606.51 




Total Educational 


and 


General Inooiae 




128,743.50 



II, Auxiliiury Enterprises and Aotivities ; 

(1) Dormitories ; 

Rentals 
Cleaning Fees 

(2) Dining hall : 

Students' Board 

Sale of meals to others 

Sale of food and operating supplies 

(3) Placement Bureau Income : 

Total Income Auxiliary Enterprises 
and ActiTities 

5. 



15,808.52 

630.50 16,438.82 



SB, 904. 25 

564.36 

10.55 



39,479.14 
47.00 

55.964.96 



Schedule B-1 

STATEMENT OF CURRENT INCOME 
JULY 1, 1935, TO JUNE 1, 1936 

III, Inoome for Non-Eduoational Purposes ; 

Miscellaneous $409.22 

Total Inoome $185,117.68 

---■ Amount applicable to period July 1, 1935, 

to June 1, 1936, per tiohedule B-2 172,996.94 

Total Unearned Income, carried to Balance 

Sheet, Exhibit A $12,120.74 



6. 



Sohedvde B-2 

STATEMENT OF CURRENT INCOME 
JULY 1, 1935, TO JUNE 1, 1956 

I. Educational and General; 

(1) Student Income ; 

A School of Liberal Arts and Science $66,528.47 
B AuTiiliary Educational Schools 30,563.64 

Total Student Income applicable 

to year 97,092.11 

Income applicable to eleven month 
period covered by report equals 
ll/l2 of $97,092.11, or $89,001.10 

(2) Endo-.vment Income for General Purposes ; 

Estimated annual endovment income 

for operating expenses 25,000.00 

Income applicable to eleven month 
period covered by report equals 
ll/l2 of $25,000.00, or 22,916.50 

(3J Gifts and Grants 6,661.85 

^,4) Other Sources 1,606.51 

Total Income for Educational and 

General Purposes 4X20,185.96 

II. Auxiliary Enterprises and Activities ; 
(1) Dormitories ; 

Income applicable to year 16,438.82 

Income applioable to eleven month 
period covered by report equals 
ll/l2 of $16,438.82, or 15,068.91 

(2; Dining Hall ; 

Income applicable to nine months 39,479.14 

Income applicable to period 
covered by report equals 
17/18 of $39,479.14, or 37,285.85 

(3) Placement Bureau 47.00 

Total Income from Auxiliary 

Enterprises and Activities 52,401,76 

III. I ncome from Non-Educational Purposes ; 409.22 

Total Income applioable to period 

July 1, 1935, to June 1, 1936 $172,996.94 

7. 



Sohedulo B-3 

STATEMENT OF CURRENT EXPENSES 
JULY 1, 1935, TO JUNE 1, 1936 



I, Eduoational and Ganeral ; 

(1) General Administration and expense ; 
A General Administrative Offices: 



(2) 



Misoellaneous 


$229.27 




Office Supplies 


301.35 




Postage 


392.92 




Salaries 


14,289.92 




Stationery and Printing 


448.45 




Telephone and Telegraph 


143.80 


115,805.71 


B General Expense: 






Advertising, Bulletins and 






Catalogues 


667.75 




Advertising, General 


357.67 




Alumni Expense 


101.11 




Alumni Secretary, Salary and 






Expense 


735.50 




Auditing and Accounting Servioe 


258.45 




Commencement Kxpenses 


10.00 




Diplomas 


115.74 




Compensation Insurance 


255.81 




Group Life Insurance 


1,334.74 




Lecture Expense 


117.00 




Membership Dues 


179.25 




Misoellaneous 


705.35 




Press Service 


1,080.26 




Student Solicitation Expense 


2,032,08 




Travel and Entertainment, 






Faculty 


226.40 




Officers 


789.79 


8,966.90 $24,772.61 


Instruction and Research: 






A School of Liberal Arts and Science: 






Salaries, Faculty 


56,895.94 




Student Assistants 


1,436.90 




Rractice Teaching 


507.50 


58,840.34 


Departmental Expenses: 






Biology Laboratory 


1,029.69 




Chemistry Laboratory 


970.91 




Hiysics Laboratory 


130.30 




Psychology Laboratory 


1.72 


2,132.62 60,972.96 


B Auxiliary Schools: 






Extension School: 






Faculty Salaries 


725.00 




Travel and Miscellaneous 






Expenses 


302.00 


1,027.00 



8. 



Schedule B-3 



I, Educational and General; 

(2) Instruction and ^search ; 
B Auxiliary Schools: 

Music School: 

Facility Salaries 

Practice Teaching, Salaries 
and Sxpense 

Tuning, repairs, eto. 

Music 
Svunmer School: 

Faculty Salaries 

Miscellaneous Expenso 

Boarding Expense 
Saturday School: 

Faculty Salaries 

(3) Library: 

Books and Magazioss 

Salaries 

Supplies and Binding 



(4) Operation and Maintenance of Riysioal Plant; 
Care of Buildings and Furniture 
Care and Maintenance of Grounds 
Heat 

Light and Power 
Miscellaneous 
Operating Supplies 
Planting Expense 
Property Insurance 
Repairs and Maintenance of Buildings 

and Equipment 
Taxes 
Water 

Total for Sduoational and General 
Expense 



STATEMSl^T OF CURRENT EXPENSES 
JULY 1, 1955, TO JTJME 1, 1936 



20,279.93 



993.82 
540.11 
86.72 $21,900.58 



1,004.52 
639.85 
250.00 1,874.37 



768.60 125,570.55 



1,318.16 
3,312.70 

205.65 4,836.49 



1,794.42 

811.08 

3,787.10 

935.25 

69.75 

88.50 

5.00 

949.23 



1,289.64 
134.75 
197.11 10,061.83 

126,214.44 



II, Auxiliary Bnterprises and ActiTJties: 
(1) Dormitories: 

Care of Buildings and Furniture 
Heat 

Light and Poirer 
Miscellaneous 
Operation Supplies 
Property Ins\iranoe 
Rent 

Repairs and Maintenance of Buildings 
and Equipment 

9. 



3,103.75 

3,829,60 

1,850.97 

42.72 

109,02 

534.13 

174.00 

1,535.06 



Schedule B-3 

STATElffiNT OF CURRENT EXPENSES 
JULT 1, 1955, TO JUNE 1, 1936 

II, Aoxiliary Enterprises and Aotivities ; 
(1) Dormitories , Continued ~ 

Telephone $94.26 

Water 551,27 #11,604.81 

k (2) Dining Hall; 

Salaries and Wages 8,609,86 

Food 21,801,19 

Gas 179,33 

Laundry 403.73 

Light 464.21 

Miscellaneous 98,00 

operating Supplies 227.97 

Renewals and Repairs 470,35 

Telephone 21.84 

miter 62.91 52,339.39 

Total Expenses, Auxiliary Enterprises 

and AotiTities 43,944.20 

III, Other Non-Educational E3q)ense8 ; 

Interest on Loans 2,399,95 
ELacement Bureau 58.63 

Debating Expense 74.42 

Leadership Trainin^g School 33.61 2,546.67 

Total Expenses for the period July 1, 

iC35 to June 1, 1956 $172,705.31 



10. 



Income ; 



Registration Fees 

Tuition: 

First Semester 
Second tjene ster 
Total Income 

senses: 



EXTENSION SCHOOL REPORT 
JULY 1, 1935, TO JUNE 1, 1936 



$38.00 



Salaries 

Traveling and miscellaneous expenses 
Total Expenses 

Profit 



^640.00 
570.00 


1,210.00 


$1,248.00 




800.00 
302.00 


1,102.00 

$146.00 



SUMMARY OF ENDOYWENT FUND INVSSTMdNTS 

JUNE 1, 1936 



Farms 
Bonds: 

Industrial 

Public Utility 

Railroad 

Real Estate 

Mortgage s 

Stocks 

Notes Receivable 

Cash awaiting investment 





Amount 


Percentage 




Invested 


of Total 




$47,476.25 


5.17 


$14,800.00 




1.61 


327,737.92 




35.75 


214,923.82 




23.48 


96,865.00 




10.56 


^ 


654,326 "4 






21,250.00 


2.31 




171,145.10 


18.67 




22,456.71 


2.45 




916,654.80 


100.00 




.81 






$916,655.61 





11. 



ENDOWMEHT FUND IWVBSIMENTS 
JUNE 1, 1936 

Amoxmt FARMS 

Farm at East Berlin 
Farm at Shiremanstown 



INDUSTRIAL BONDS 

$15,000 Philadelphia and Heading Coal and Iron Company 
5,000 Warner Con^jany 



20,000 



PUBLIC UTILITY BONDS 



10,000 American & Foreign Power Company, Inc. 

10,000 American Utilities Service Corporation 

5,000 Arkansas-Missouri Power Company 

15,000 Associated Electric Company 

15,500 Associated Gas and Electric Corporation 

5,000 Asaooiated Gas and Electric Corporation 

5,500 Associated Gas and aleotrio Corporation 

5,000 Associated Gas and Electric Company 

10,000 Birmingham Gas Compai^ 

10,000 Central Gas & Electric Corporation 

10,000 Central Power and Light Company 

15,000 Central States iSleotric Corporation 

10,000 Central West Public Service Company 

5,000 Cities Service Company x.w, 

10,000 Cities Service Company w«w, 

10,000 Cities Service Company, Cvt, 

10,000 Cities Service Power & Light Company 

15,000 Consolidation Coal 

15,000 Consolidated Gas Utilities 

10,000 Continental Gas & Electric Corporation 

5,000 Federated Utilities, Inc. 

5,000 Gatinaau Povrer Company 

10,000 General Public Utility 

5,000 Genesee Valley Gas Company, Inc. 

10,000 International Telephone and Telegraph Corporation 

10,000 Interstate PoTrer Company 

10,000 Jacksonville Gas Company 

5,000 Manitoba PoAver Company, Ltd, 

6,000 Midland Utilities Company 

10,000 Municipal Service Company 

5,000 Hevada-Califomia Electric Corporation 

10,000 Wew England Gas and Electric Association 

5,000 New England Power Association 

10,000 Portland General Electric Company 

10,000 Postal Telegraph and Cable uorporation 

5,000 Southwest Gas Company of Oklahoma 

12. 







ENDOWMENT 


FUND INVESTMENTS 
JUNE 1, 1936 


Rate Per Cent 


Maturity 


Book Value 

$ 9,776.25 
37,700.00 
47,476.25 


Income 


6 


1949 


10,000.00 


#900.00 


6 


1944 


4,800.00 


150.00 






14,800.00 


1.050.00 


5 


2030 


9,500.00 


500.00 


6 


1964 


9,500.00 


450.00 


6 


1953 


4,800.00 


+ 


5 


1961 


13,783.75 


125.00 


5 


1973 


19,250.00 


387.50 


4-1/2 


1973 


7,500.00 


112.50 


5-1/2 


1973 


8,250.00 


302.50 


6 


1948 


3,200,00 


+ 


5 


1959 


9,800.00 


500.00 


5-1/2 


1946 


9,700.00 


275.00 


5 


1956 


9,900.00 


500.00 


5 


1948 


13,737.50 


525.00 


5-1/2 


1956 


8,800.00 


+ 


5 


1963 


4,800.00 


250.00 


5 


1969 


10,000.00 


250,00 


5 


1950 


10,000.00 


500.00 


5-1/2 


1949 


9,800.00 


275.00 


5 


1960 


12,000.00 


+ 


6 


1943 


14,800.00 


450.00 


5 


1958 


9,816.67 


260,00 


5-1/2 


1957 


4,500.00 


275,00 


6 


1941 


4,800.00 


150.00 


6-1/2 


1955 


9,900.00 


650.00 


6 


1956 


4,500.00 


300.00 


5 


1955 


9,900.00 


500,00 


5 


1957 


9,600.00 


500.00 


5 


1942 


9,000,00 


150.00 


5-1/2 


1961 


4,600.00 


+ 


6 


1938 


+ 


+ 


6 


1956 


9,900.00 


600,00 


5 


1956 


4,900.00 


250.00 


5 


1950 


9,700.00 


500.00 


5 


1948 


4,900.00 


250.00 


4-1/2 


1960 


9,700.00 


450.00 


5 


1953 


8,500.00 


+ 


6 


1954 


5,000.00 


300.00 



13. 



ENDOWMENT FUND INVESTMENTS 

JUNE 1, 1956 

Amount PUBLIC UTILITY BOTOS, Continued 

$10,000 Standard Power and Light Corporation 

10,000 United Lieh't & Po\rer Corporation 
342,000 

RAILROAD BONDS 

10,000 Baltimore and Ohio Railroad Company 

10,000 Baltimore and Ohio Railroad Company 

5,000 Boston & limine Railroad Company 

10,000 Buffalo, Rochester & Pittsbtu*gh Railway Company 

10,000 Chicago Great Western Railroad Company 

10,000 Chicago and North Western Railway Company 

5,000 Chicago, Rock Island and Pacific Railway Company 

10,000 Chicago South Shore and South Bend Railroad Equipment 

2,000 Cleveland Union Terminal First Mortgage 

15,000 Erie Railroad Company 

10,000 Erie Railroad Company 

10,000 Illinois Central Railroad 

10,000 Illinois Central Railroad Company and Chicago, St. Louis and 
New Orleans Railroad Company 

£■,000 International- Great Northern Railroad Company 

10,000 Missouri Pacific Railroad 

10,000 New Orleans, Texas & Mexico Railway Company 

10,000 New York Central and Hudson River Railroad Company 

10,000 Hew York Central Railroad Company 

10,000 New York, Chicago and St, Louis Railroad Company 

5,000 Philadelphia Rapid Transit Company 

5,000 Southern Pacific Company 

10,000 Southern Railway Company 

5,000 St. Louis, Peoria and Northwestern Railway 

10,000 St, Louis-San Francisco Railvray Company 

10,000 United Light and Railways Company 

5,000 Virginia and South Western Railway Company 

10,000 Wabash Railroad Refunding 

15,000 Western Pacific Railv^ay 
247,000 

REAL ESTATE BONDS 

500 Agar Packing and Provision Company 

5,000 Atlanta Medical Arts Building, Atlanta, Georgia 

2,000 Broadway-Barclay Office Building 

5,000 Broadway & 41st Street Building 

5,000 Carman Theatre, Philadelphia 

1,000 The Dorset, New York City 

14,000 Fuller Building (G.A.F. Realty Corp.) 

8,500 Lemoyne Trust Company 

14. 







ENDOmiENT 


FUND INYESTMENTS 
JUNE 1, 1936 


Rate Per Cent 


Matvirity 


Book Value 


Income 


6 


1957 


$9,500.00 


$600.00 


6 


1975 


9,900.00 


600.00 






327,737,92 


11,727.50 


4-1/2 


1960 


9,600.00 


450.00 


5 


1995 


10,000.00 


250.00 


5 


1955 


5,000.00 


250.00 


4-1/2 


1957 


9,800.00 


592.50 


4 


1959 


7,000.00 


+ 


4-3/4 


1949 


6,000.00 


+ 


4-1/2 


1960 


3,000.00 


■ + 


5-1/2 


1935 


8,500.00 


+ 


5 


1973 


2,000.00 


50.00 


5 


1975 


14,850,00 


750.00 


5 


1967 


9,900.00 


500.00 


4-5/4 


1966 : 


9,800.00 


475.00 


5 


1963 


10,000.00 


250.00 


5 


1956 


4,000.00 


+ 


5 


1977 


7,000.00 


+ 


5-1/2 


1954 


8,000.00 


+ 


4-1/2 


2013 


9,900.00 


450.00 


5 


2013 


10,000.00 


500.00 


5-1/2 


1974 


10,000.00 


G50.00 


5 


1962 


4,900.00 


300.00 


4-1/2 


1969 


4,900.00 


225.00 


6 


1956 


9,707.83 


300.00 


5 


1948 


4,000.00 


+ 


4-1/2 


1978 


5,500.00 


+ 


5-1/2 


1952 


9,815.99 


137.50 


5 


1958 


5,000.00 


250.00 


5 


1980 


5,000.00 


+ 


5 


1946 


11,750.00 
214,923.82 


+ 




6,280.00 


5 


1946 


500.00 


25.00 


6-1/2 


1938 


5,000.00 


325.00 


6 


1941 


2,000.00 


60.00 


3 


1944 


4,937.50 


150.00 


6 


1940 


5,000.00 


+ 


6 


1941 


1,000.00 


+ 


5 


1949 


14,000.00 


350.00 


5 


1929 


8,500.00 


378,33 



15. 



ENDOWMENT FUND INVESTMENTS 
JUNE 1, 1936 

Amount REAL ESTATE BONDS, Continued 

$5,000 Loutellus Apartoents , Pittsburgh 

5,000 North Avenue Market, Baltimore 

4,000 Ruskin Corporation 

4,000 New Hotel Syracuse 

58 , OOP United Brethren Publishing House 

97,000 
706.000 Total Bonds 



MORTGAGES 

4,750 Jacob M. Baum 

5,000 Amos K. Curry 

5,000 Derry Street Church United Brethren in Christ, harrisburg. Pa, 

500 Union Trust Company of Pennsylvmnia, Harrisburg, Pa, 

6,000 P. A. W. Wallace 
21,250 

STOCKS 

6-8O/1OO shares Agar Packing and Provision Corporation, Preferred 

100 shares Americaxi Radiator Company 

100 " Anaoonda Copper 

100 " Atlantic Refining Company 

100 " Bethlehem Steel Corporation, Preferred, 5% 

100 " Burroughs Adding Machine Company 

200 " Chase National Bank of New York 

60 " Chemical National Bank & Trust Company 

100 " ColiJmbia Gas & Electric Company 

150 " Consolidated Gas Utilities 

100 " Consolidated Oil 

50 " Electric Power & Light Company 

100 " General Electric Company, Inc. 

100 " Goodrich Rubber 

50 " International Harvester Company 

60 " Irving Trust Company 

100 " Kennecott Copper 

120 " A. S. Kreider Shoe Company 

60 " Bank of Manhattan Company 

100 " National Biscuit Company 

100 " National Cash Register 

200 " National City Bank of New York 

100 " New England Power Association 

100 " North American Company, Inc. 

84 " Northeastern Water and Electric Corporation, Preferred 

21 " Northeastern Water and Electric Corporation, Common 

100 " Ohio Oil 

4 " Pennsyl'ra.nia Power & Light Company 

16. 



Rate Per Cent 

6-1/2 

6 

3 

3 

6 



Maturity 

1936 
1940 
1950 
1955 
1934-53 



ENDOWMENT 


FUND INVESTMENTS 




JUNE 1, 1936 


Book Value 


Income 


$5,000.00 


+ 


5,037.50 


$300.00 


4,000.00 


70.00 


4,000.00 


50.00 


37,890.00 


+ 


96,865.00 


1,708.33 


654,326.74 


20,765.83 



4,750.00 


+ 


5,000.00 


+ 


5,000.00 


300.00 


500.00 


+ 


6,000.00 


330.00 


21,250.00 


630.00 


500.00 


+ 


2,504.89 


+ 


5,000.00 


12.50 


5,700.00 


115.78 


1,675.00 


+ 


4,500.00 


92.70 


10,000,00 


280.00 


3,700.00 


108.00 


2,000.00 


+ 


600.00 


+ 


1,500.00 


+ 


4,200.00 


+ 


5,500.00 


80.00 


2,500.00 


+ 


4,500.00 


45.00 


3,200.00 


36.00 


5,000.00 


75.00 


12,000.00 


. + 


3,700.00 


90.00 


7,500.00 


160.00 


2,500.00 


+ 


10,000.00 


200.00 


8,500.00 


100.00 


6,000.00 


114.00 


8,500.00 


308.00 


2,000.00 


+ 


400.00 


20,00 



17, 



ENDOmENT FUiJD INVESTMENTS 
JIJNE 1, 1936 

Amount STOCKS « Contiauad 

100 shares Philadelphia Company 

5 " Potomac Edison Company 

50 " Procter & Gamble Company 

100 " Radio Corporation 

1 " Sheridan-Belmont Hotel Company 

100 " Socony Vacuum Oil 

50 " Southwest Gas Company of Oklahoma, Preferred 

100 " Standard Oil Company, Inc., of Wew Jersey 

100 " United Aircraft 

100 " The United Gas Improvement Company 

100 " United States Steel Corporation 
3371.80 " Total Stocks 

NOTES 

Kotes from ohvurches eind individuals 

Total Invesimonts 



18. 



Rate Per Cent 



tiatvirity 



ENDOVMSNT 


FUND IFTOSTMENTS 




JUME 1, 1936 


Book Value 


Income 


$9,600.00 


162.50 


500.00 


35.00 


3,200.00 


87.50 


2,000.00 


+ 


500.00 


+ 


2,000.00 


+ 


2,765.21 


+ 


8,600.00 


75.00 


3,000.00 


+ 


5,300.00 


100,00 


10,000.00 


+ 


171,145.10 


2,196.98 
r 1 ■ ■ ..11 


22^456.71 


511.85 


$916^54.80 


123,^592.81 



19.