(navigation image)
Home American Libraries | Canadian Libraries | Universal Library | Community Texts | Project Gutenberg | Biodiversity Heritage Library | Children's Library | Additional Collections
Search: Advanced Search
Anonymous User (login or join us)
Upload
See other formats

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

Lebanon Valley College 

BULLETIN 



Vol. XXI 



MAY, 1932 



No. 2 



REPORT OF FINANCE COMMITTEE 

FOR FISCAL YEAR 

ENDING AUGUST 31, 1931 



Presented to the Board of Trustees at their Annual 
Meeting, Monday, June 6, 1932 

A Supplement to this report will give figures for the 
school year 1931-1932, to June 1, 1932 



Entered as second-class matter at AnnviLle, Pa., under Act of August 24, 1912 




Digitized by the Internet Archive 

in 2011 with funding from 

LYRASIS Members and Sloan Foundation 



http://www.archive.org/details/lebanonvalmay193221leba 



To the Members of the Board of Trustees of Lebanon Valley College : 

The following is the report of the Finance Committee for the fiscal year 
beginning September 1, 1930, and ending August 31, 1931. Your Committee 
is also supplying a supplementary report for a part of the fiscal year of 
1931-1932, ending with June 1, 1932. 

Following the practice of last year, we are furnishing comparative state- 
ments throughout the report, comparing this present fiscal year with the pre- 
vious year. An examination of the report will show a net gain added to the 
assets of the College of last year of $24,073.24. 

Income 
While the report for the year 1930-1931 shows some decline in the income, 
the supplementary report of the income for this current year will be consider- 
ably further reduced. During this present year we will expect at least 
$2,000 less from the benevolence budget. Through the agreement with the 
Publishing House on their bonds, we will be forced to forego at least $2,200 
of interest on these bonds for one year, and an additional amount of approxi- 
mately $4,000 income from bonds that are now in default. With this reduced 
income, there was added last year an increase of approximately $12,000 in 
faculty salaries over and above the additional income from tuition, making 
a shortage of approximately $20,000 in income compared with previous years. 

Securities 

In common with the banks and other business institutions, there has been, 
during this last year, a very considerable depreciation in our bond account 
and some of the issues, once considered very good, are now in default. There 
are during this present year approximately $60,000 par value bonds in default 
distributed as follows : Real Estate Bonds $10,500, Utilities-Holding Companies 
$20,000, Industrial $8,000, Municipal $10,000, Railroad Bonds $10,000. Some 
of these issues will be re-organized and we feel sure that we will not have 
any losses, while others promise to be rather disappointing in their reorgani- 
zations, and we may possibly sustain serious losses in a few of these issues. 
It has always been the policy of the Committee in making purchases or ex- 
changes to consult the best possible advice that we could obtain, and are 
subscribers to the Standard Statistics Service, whose rating of bonds we 
accept, and practically all of these issues were rated favorably by this service 
as well as highly recommended by the Underwriting Bankers. When we 
take into account the entire list of securities I feel confident that the percentage 
of loss will be very reasonable, especially under the present circumstances. In 
addition to the defaults in bonds, we are also informed that the participating 
certificates of Kreuger & Toll are at the present time of very little value. 

Student Accounts 

This has been an especially hard year to collect the accounts of students. 
Notwithstanding the present conditions, we hope to close this present year 
with the outstanding accounts at a minimum. 

Repairs 

The heating pipes between the Men's Dormitory and North Hall were 
relaid. A water line was put into the same trench sufficiently large to take 
care of future requirements. These repairs cost $3,982. The third floor of 
Engle Hall was reconstructed, costing $9,881. It was discovered that the con- 
struction of the old building was faulty at certain spots, which had to be 
remedied, increasing the cost somewhat. North Hall was entirely renovated 
including the plumbing, electric wiring, new floors, at a cost of $17,622. 
The Y. M. C. A. Room was constructed at a cost of $3,168.33. In addition 
$465.16 was spent for equipment, being paid out of money collected from 
individuals, etc. The entire amount expended for repairs, including the small 
items in the other buildings not enumerated above, was $36,267.65. The total 
amount expended for equipment last summer was $13,239.10. 

J. R. Engle, 
Chairman, Finance Committee 
3 



BALANCE SHEET, LEBANON VALLEY 
AUGUST 31, 1931 



COLLEGE 



Debit 





August, 1931 


August, 1930 


Increase 


Decrease 


Permanent Fund Assets 
Investments of Endow- 
ment Fund (Schedule 
III, pages 16 to 19) 
Henry B. Stehman Fund — 

Loaned to students 

Cash awaiting investment. . 


$910,404 92 

1,050 00 
929 16 


$907,640 73 

1,050 00 
704 66 


$2,764 19 
224 50 




Total Permanent Funds . . 


$912,384 08 


$909,395 39 


$2,988 69 




Plant Assets (Schedule 
XIII, page 26) 
Buildings 


$490,030 00 
39,000 00 

72,400 00 


$474,030 00 
35,000 00 

66,300 00 


$16,000 00 
4,000 00 

6,100 00 




Grounds 




Equipment, furniture and 
books 










$601,430 00 


$575,330 00 


$26,100 00 




Current Assets 

Cash 


$29 56 
38,429 31 

1,324 94 


$2,442 90 
40,337 70 

696 38 
542 44 




$2,413 34 






1,908 39 


Accounts Receivable 

Student Accounts 

Student Accounts — 
Covered by Scholar- 
ships 


$628 56 


542 44 


Appointment Bureau.. . . 
Extension Department . . 
Materials and Supplies 
Dining Hall 


26 03 
16 25 

1,270 74 

5,715 35 


26 03 




34 94 

916 36 

3,453 83 


18 69 


354 38 
2,261 52 




Laboratories (Schedule I, 
page 15) 










$46,812 18 


$48,424 55 




$1,612 37 








Deferred Charges 

Insurance 


$3,449 60 


$54 00 


$3,395 60 








Total Deferred Charges . . . 


$3,449 60 


$54 00 


$3,395 60 




Total Assets 


$1,564,075 86 


$1,533,203 94 


$30,871 92 









BALANCE SHEET, LEBANON VALLEY 
AUGUST 31, 1931 



COLLEGE 



Credit 





August, 1931 


August, 1930 


Increase 


Decrease 


Current Liabilities 

Notes Payable 


$20,000 00 


$15,000 00 


$5,000 00 










$20,000 00 


$15,000 00 


$5,000 00 




Deferred Credits 

Unexpended Fees (Schedule 
I, page 15) 

Psychology Laboratory. . 
Appointment Bureau.. . . 


$98 38 


$112 67 
32 73 

2 29 




$14 29 




32 73 


Funds for Designated Pur- 
poses 
Alumni Library Fund. . . 

Breakage Deposits 

Part of Matriculation 
Fees used for Student 
Activities 


4 44 
40 55 

1,021 80 

1,058 20 

32 43 

189 50 
235 00 


$2 15 
40 55 

271 85 

427 84 




749 95 
630 36 
281 55 

204 24 
50 00 




Unexpended Athletic 
Funds 




Contribution for Plants 
and Trees for Campus. 


249 12 


Undistributed Scholarship 
Pennsylvania Confer- 
ence C. E. Scholar- 
ship 




14 74 


Student Accounts paid in 
advance 


185 00 








Total Deferred Credits 


$2,680 30 


$2,063 79 


$927 39 




Total Liabilities 


$22,680 30 


$17,063 79 


$5,616 51 








Net Worth 


$1,541,395 56 

909,984 08 

2,400 00 

23,177 13 

605,834 35 


$1,516,140 15 

907,495 39 

1,900 00 

24,983 65 

581,761 11 


$25,255 41 

2,488 69 
500 00 




REPRESENTED BY 

Endowment Fund (Sched- 
ule II, page 15) 




Annuities 




Depreciation Reserve 


$1,806 52 


Net Investment 


24,073 24 










$1,541,395 56 


$1,516,140 15 


$25,255 41 





rH IOCO 

coeq o 
■* t^oo 



oo 
oo 


o 
3 


o o 


~ 


oo 


o 


CD(M 


X 


CO i-l 


-f 


■* o o 


-V 


o o o 


o 


OOiO 


«5 


O 00 <M 


o 


iOI> ^ 


[^ 


CO H 


UQ 



<M CO 

OCD 

■* T-H 



§2 

CD -tf 
lOCO 



(D ffi lO iO O 'f >H 
iO 00 00 Ci CD O "# 
00 CO O TjH COt-H 



co »o 

00 



cN CO 
»0 CM 



ooojoaawtoo 

0ON tH ^H t^ 00 00 



H 
Pi 
< 

w 

en 
h 

< 



O 0> 

u o 
o c 

a c 
<u "* 
ft-d 

03 -.5 



.9* 

15 



03 <5 






JG O +J +J 

,. 3 O 41 



CO 



•S*2 » 

03 3 C 

** S >, 

3 e 
U U P 



^_w 



03 *-< « 



Q.CD 
O tli 

be 



efl 



c Q. 
m - 



a) 

-c 

3 W 

c Q 

2 H 
a a! 

.2 < 

.5 J 
D < 



12 § g ^ 



«j o 






oj: 



CU 03 en oj m 



3 +3 X fc< H 

3 Tw +2 o Q 



•E 3 

So 



o.y >»s 



-J 
< 

oj o 



xi c 



H 




5 


CO 


o 


- 


u 


CO 


u 

< 




w 


S3 


o o 


W £ 


J < 


h-1 
o 
o 


O 




Q 
fa 







o 


fa 


Z 


< 


1— 1 


w 


fa 


Sh 


O »j 




< 
o 

C/2 



ffi o 

O fa 



CO 05 

o «o 

"# CM 



05 00 iot> 
t>o o 



t- n< ^t< t^ 

^ CO CO >o 

•>"* cm oo__ 



00 
CO 


S3 


,_l 


Ol 


t^ 


t> 


00 


«H 


_H 


OS 


>o 








<M 


<M 


t- 


CT> 


TfH 


t^ 


co 


05 


co 


CM 


Ol 


lO 


■* 


CN 







lONMNO 
00 CO tH 00 00 
CO l> O rJH 



CD CO >0 CD C<) 

^ CO O O Oi 
CO CO ^,CD i-h 

>o id coco t> 



i-h CD 00 Oi CO 
CO CD -£ 00 b- 
<M_CO GO CO_CO 

co~»o"'oo"'co""oo"' 



00 ^H COlO 
05 >C OS 

HPJH 



CO »o 

OfflOl'O 

CO t^ o 

(M CO CM 



o 
.5? a> 3 

m.I-i y 

en <u 3 



03 (U M ^— ' 

o u ju w 



ci 

<v 
M 



rt 



o « 



Q 
W 

(jj a; co q y 
^- fe S $ S 

S O bX)£,4> 

■O'S <u c 

gWQnSU 

fa 
fa 



O O 
fa fa 
fa fa 



-io a. 

4) b*G w <N 

B3U-§a& 

W^ 3.3 r*i> 
C_ cj .3 •— ■ 3 3 

W £cn S 5 co 
Q. C3_ coo 
Woo £ww 
QQ-C rt—j en 
O rvT3 O 

rl o uQiJ-" o 
< 



t-l 
fa 


f. 

H 


< 


-^ 


— 

a 


fa 


>H 


c^ 


fa 


< 


< 


Ph 




fa 


fa 


Q 


X 


_; 


fa 


J 


< 


< 



fa fa 
o o 
fa fa 



J3 c 
o c 

r \ a -M 

w > c 

c o g 
— oc 
m c i 
3 B | 

o tuo"0 
"° c S 

4J ^3 w. 



C ST) 

.5—3 = 

b p a «° m 

JS S o in >, 

3 "O "O O o 

bio 3 3 a_ 



o a> o 3 c 

•S £ S § S 

£ o o 2 " 

3 o o 3 h 



00 iH 
CO tH 



O00C0 

CD i-H 

t-H CM 



'CO <M 



■ 00 b- OJ h <35 
lOCOOCOO 
<N iH CO 



C3JCN OS 00 



CO cs> 
Ob- 



i (N CD 

■ --I coco 

CO --KM 



• OOOOOCO 

• CO <D i-h 



»' 



00t^I> 00 

o«o>o 



00iOCDTf00iO>OCOI>00 

C0O50000rfit^OiC000O3 
COHIOOWOOOOIOOO 
t-Ht-i<MCO<MCOCO"*CO 



<M CD 

coo 



H 

w 
h 

Pi 

w 

2 



ui 



c 

0) 

E 
a 
'3 
cr 
W 
so-m — 
c c^ 

<L> 5 CS 
<5 3~ 

a) erg- 
com a 

*i" 3 
.-ST3C/) 

s i 



U 






Eft 
u 

53 

H 

T) 

3 
rf 

V 

s 






T3 a-" 2 . - 
Cab 3 2 ti S 



c 
a 

* tri 

H 3 

« 8 

J2 C c3 



Q, 



315 



"<"£ &.5 e^=i 
g pa o o& Oh h Q &h S i 






""flip's m 
J±> -t-> O 3 

,Q<Oc7) 



.2* -2 



d 



o 

I 

H 

CD 



Q 
< 

O 
I*. 

h 

O 
H 



p 

m 

a 
< 

o 

U3 C 
& 3 a 

S3 



:u 
>. 






oooo 
10 co 

CO «N 



O CM 

OcO 



b- C£ 

co x 

O CO 



— 


t^ lO 


01 


o 


OS H 


— 


00 


C: X 


•- 


co 


CO OJ 


t- 


X 


OS Tf 


<N 


h- 


■tf 


CO 


*G 







>0 N O C 
CO (33 CO 
"N rH 

cTr-T oq 



»o o> t* 00 ■* 

O SO Ol OS I> 

Oi r^ CC OS C 



co coco 

CO ^H 



CM IC 

■* co 

LO CN 



O <M 


01 


co 


X 


—1 05 


r- 


X 01 


r- 


>C CM 


— . 


TjH 


r~ 











iC "* CO 
rH OS 
X CO 



OMXNN 
CNONN 
X CO fh O l> 



05 co 
cor^ 

CO o 



■I 



X C35CO 
01 o 

CO CM 





u 



PL, 

5 u in 

r u ^ 

£ 2 3 



CO S ° 
<M g-J_ 

cjj: >-> 
o._2 csi 

«— T"&JQ H 
1-3 c C/3 

XU Z 
gag 



en 2 

a > 

J ru 

p J* 

Q © 

< C 



O 

T3 

C 

n) 

CO 

bo 
H B 

51 

-"a 
o o 

wg 

z 

H 



- 

c U 
J3 Z 

Ch < 

.£ W 
.5 < 



art 

S O 

cr] fe, 

£ ° < 



„ * a 'a 3o 



bfl 

- ^. rt 

X^ _-- . 

1] cs— e y y K 
QDoj ass a fe 

rt"3 a ,, M.t! H 

<cE.Hngo 



■H 

:z 
■w 

Wm 
^> 

QH 
OQ 



— . tfi +J 

O +-< c 

U 5- o3 
»T3 a 

§ a a 

o, Q. 

o • 

O S <u 

« o u 

O C cU 

U<0h 



o 

O) 

CO 

-M 

3 
M 

3 
< 

bo 

c 
^ 
c 
W 
u 

>- 

1 

s 


c 

3 




00 

c* 

rH 
1— 1 

ID 
CD 

m 


00 
CM 

ir. 
c 
5F 






o 

CD 
CD 
00 

rH 

>D 


<* 
c 

CO 
CC 
X 




o 

CO 
CO 

oq 

r- 

lO 




CO 
LO 

« 

t— 1 


OS 
1— 1 

c 


00 
CO 

<* 

CO 




rH 
O 

oc 

c 
cc 


OS 
rH 

00 

H 

rH* 


CO 

LO 

LO 

00 

oo" 

rH 


co 

LO 
LO 

00 
X 




CO 

3 


00 
(M 

i—i 

1— 1 

IQ 

O 


00 • 
(N • 

ID • 

© : 
■* . 


00 
(M 

ID 

©" 


00 
oq 

i— < 
ID 

©" : 


00 CD 

oqi> 

rH -* 

i-t ID 
ID CO 
©"rH 

■HH i— 1 


o 

CO 
CO 

55 

ID 








i— i 

o 

oq 
oq 

LO 




rHCM 

O LO 

oq co 
oq co 

LOOS 

i>" 

rH 


co 

LO 
LO 

00 

-<* 

00" 


4) 

s 

V 

a 

X 

W 


l> 

o 

(N 

00 

r>-~ ; 

o 

» : 




















1-1 HH rH t^ 00 

oo th os os oa 

LO OS t> 00 ■* 

o co oq as t^ 

OS i— I CD OS O 

■* LO oo" oo" co" 
co i-i 


CO • 
I> ■ 
(> • 

co ; 
i> . 

• 






B 
o 
o 
c 


OS 

co 

CO 
CO 








o 

CD 
CO 
00 

ID 










o oq o oo t> 
O lo OS OS ■* 

co co lo co oq 

■* CO O O OS 

00_ CD_ rH CO rH 

ID ID OO" CO 1> 

•HK rH 


00 • 

>* '■ 

00 • 
CO • 

o ; 

00 . 






co 
o 

CO 

3 
BO 

3 
< 

as 
_c 

•3 
a 
W 

rt 

4) 
r* 

"rt 
o 

E 






OS 
ID 

Oq 
I> 

Th 

oq" 

CO 


as 

ID 

Oq 
O 

oq" 

co 




oq 

CO 
CO 

d 
<* 


oq ■ 
I> • 

*" ; 

co ■ 
co • 

os : 

■* . 


co 
co 


co cs oq 

i-i id co 

oq o co 
co t-~ as 

00_ CO LO 
co" 1-4 


CO ■ 
rH 

co 

os" : 


LO • 

co • 
t^ ■ 

CO • 

■* • 

oo~ : 

oq . 


LO 
CO 

co 

oo" 
oq 


CO 


OS 
to 

oq 

tH 

<N 

CO 


OS ■ 
ID • 

oq ■ 

■* • 

of . 

co 


ID 

oq" 

co 


OS 

ID 

oq • 

of : 

co 


OS CO 

LO r-l 

oq oq 
t~- co 

ofco" 
co i-i 


oq 

co 

CO 








co 
co 

o 

CD 

oq 
oq" 


LO 

o 
o 
oq" 


H HH 

^ oq 

T^ CO 

CO t^ 

CO o 

oq 


LO 

CD 
l> 

co 

oo" 
oq 


0) 

n 

01 

a 
(3 


OS 

i> 

lO 

co 

oo" 

o 

rH 














rH CO CD rH 00 
tH rH CO CO rH 

O CO 00 O t^ 

CD t^ O I> t> 
00_ O rH O t> 

<* m" h s o" 
h co oq 


oq • 
t^ • 

CD • 
OS • 
00 • 

oo" : 




a; 

a 

o 

c 


o 

<N 

co 

CO 

as 

ID 

m 






• -* 

co 
co 

: os 






o oo o oq co 

O rF O Oq rH 
rH CO 00 OS CO 

CO CO ■<* 00 l> 
CT <D_ 00_ CO CD 

; CD" ID 00" CD" 00" 

HH rH 


co • 
oo • 

I> • 

o • 

co ; 

00 . 








h ; 
55 . 
w . 

s^ 

< o 
o- -^ 

W CO 

Q 03 

0! 

M 5 

J 

o 
U 


a 
c 

c 

C! 

- PC 






c 

c 
*C 

-n 
t 

C 
X 
u 



C 


) c. 
3 a. 

b c 

3 t 
» H E 

5 % $ 

Q 
Z 

W 




a. 
c 
c 
o 

5 

PC 






c 

4> 

b 

c 
I. 

►C 

_c 
e 

c 


: rd 

• %£ 

: "^ 
i S -C 

5 S*5 

Q oo 

sis 


01 

T3 

5 

-C 

o 

to, 

"3 

-go 

LO 


r-T '. 4) 

B -*3 
5 " a 

r> • (U 

.3 -co 
-a •■> — 

Jcooqffi o. 

.5 two C b 
"en cfl -h cc 

d a c c 
S Q 


> : 

JZ ' 

^oq 
y 0J 

to 5f 

^-^ cc 

£> 
5 i 

Q 


c 
a> 

s 

cr. 

> 

c 

+J 

0/ 
r? 

O 

•a 

4) 

-o 

< 







10 



i-l lO 



tH •* 



OQiH CO CO 
IN 1-1 CNHO 



CO CO OS 
O i— i LO 



■ i-i o 


• oo 


• »o o 


■ oo 


. rHr-i 



Ol 


N 


as 


CO 


CO 


-r 


CO 


•+ 


CO 


CO 






lO 


o 




-f 




^H 



coio 

00 CO 



00 i-h O^ OS OS 
O r}H CD i-< >—l 



"* iO ■* 


CD 


CDIM 
1> 00 


o 


oo 

05 


00 »o lO 
iO ^ 
O 


CO 
CM 


r- CO 

01 o 

003 


o 

CD 


OS 

co 


IN 




o 

1— 1 




i—l 



1> tP -^ 


oo 
oo 


CO OS IN 

i> t> co 

l> 00 


00 


OS 
<N 


lO 



C5CONCOON 
OCD 00 CO -* CO 

i— i ID TJH i-H T-H 



co o co 

©ON 


oo 


"* OS ■* 

CD ID CD 


CO 


« - 


9 



ONOON 

Ol iO O O i-i 

00 CO --I 



O CD iO 
(N00— i 
"* CO o 



oo 


ooo 


oo 


■<* o 


lO-* 


CD Tfl 


«* 1-1 


T^ t^ 


IN 


OS 


CD 


id 



co "O 





3 


B 







O 


CJ 




If) 
H 


u 

u 

< 


-1= 


rt 


l<5 


in 


ed 




W 


u 


U 


Q 


e 






p 


GJ 


t« 


!/) 


HT3 
CD 3 


o o 




4-> 






s 


C/j 






o 








to 









■S c 



3 J 3 -O W 






o-o 
f -1 c 

U CO 









S- 03 — « 






erf 

2.2 el's 

H 
CO 



■S T? 



a 
a 

CO 

b/0 I- 

O P 



U rt 



U 



» gj CO 

o 



U CJ 



£ 
'3 

3j to 
CQ co 
aj o 3 



OJ 4J^ g 



2? 5 

»S l; O 
0) 



g b-s £"9 3 



" en •** 



s.s.sjyfc-S 

CL,mufL,CL, j 



U u ^ rt 5 S 



a o o Ka 

* ^ 4) J) l- K 

n to h +3 3 F 

Q O 3 B, u U 

S ao.£?o o 



H 
fa 

6 



Q 



11 



o 


_^ 


<N CO 


00 


o 


^H 


cq <m 


-t 


cr 


r- 


COt> 


co 


CO 


o 


O CD 


h- 


6£ 


CM 


lO ^ 


C3 



o o o o o 


o 
o 


■ o ■* o 

• O <N O 


ID 00 CO CO t> 


c 

00 


• O ^ LO 
■lOOOl 

• CN CO 


CO i-( y-\ 


t^ 





CT> O CO 

t-h on 

co ocq 



O O <M <NI 

OO OcO 
<M iC •>* i-H 



-* o 

CO m 



n 


00 


^# o 


rH 


o 




coco 


o 


,_( 


CC 


co a> 


to 


CO 


N 


iO 00 


<* 


•i'r 


C0 


lO CO 


05 



io to Oi oi cq 
co t^ ca •<* CO 

(OffiCOOO 



rt< OO Ifi 

CO ID 00 O 

ONH 



CD OOO 
MNOCB 


rHNOd 

Q CO O •* 

25 co o -v 


00 O IC <M 
*-h ■* CO 
CM 



o o o o 

0*0 


OH] 
O «H 


»o oo t> >o 
oo t> coco 


m co 
co co 


m 


<M rH 



H 



I— I U1 



o 

^"g si 



t 0J 



j3 

cd 
> 

O en 



w id 
» c 

O 



£U 



S 

j- 1 in 

fe +■» 

C 3 

o> ■ ■ 






« 3 







w 



O' - ' -. "> 5 

S «» S % 

S. W M-H 
OS r- TO 

d s i s 

O ed 



12 



00 lO 

r~- oo 

CO CM 



■ 00 C 00 lO 

•i> co^ ^ 



00 *tf • 


t^ 00 • 


,-H CO • 





03 <M OS X 

■* ■* "* (N 





— 1 


— 


— 




C 


i- 


i- 




CO 


0*1 


— 




n 


— 


-J 




C: 


L.- 


:•: 




CO 


CM 





Ci Oi ■* ■* tJH C 

i-i CO CD — i CD © 
(M CM — < CM CD O 



CM iD CD CD ID >C 

O C X 00 o> o 

X --1 ^H TfO) 



CM iO CS Tt* -h 05 

C5 CO © CO t> CD 

QO00 i-h 



X CM »-i 00 CO CM t^ 



iO M ^f iO ffi C 
CM ■"*! CD CO -h O 
CO >D © CM t>-_CD_ 



O © "tf •* Q5 O 
N 00 00 tH CN 00 



O © ID CD © CO 
r-H -* cm h x r- 
COI>CM © 



a.2 > 

z c < 
w c _ 

US* 

JO'S 

0-Si 

< ^ 

« o 



ho. 



u 

-D to 
*g 
M !>. 

c r> 

0).- 

<o Ti 

10 43 



C cJ3 



2 G o> 3 3 m 
«.— -u to to .a 



to rt c CL 

Q 

< 



B c c 5; 



be 

3 m «* Si 



8 * 



hrt « 



>> 3 



0) o 



gsferESgs 

o g 



H C rt g j aj 
9 >>«> «"n _e 



r< to & ri. 



" bo*a.o_s to - 

J KUOhChW J 

Ph 

5 

(X) 






^.hSS 



"55 5P c 

3 S u 



s ^ 



" y 3 o 

i 1—1 (j 

! c! -Sen 



■j -i 



O D. c 



< 3 M +j 

du w 

XI 



S 3 c 
>< rt § 



13 



OICD 
LOCO 



00 CO o 
t-h co co 



OS OJIoOh 

N C0O(D(N 

O COO0 00 

t^ LO CO 



00 I> 

lo co 

CD t-i 



CO CO CM 00 





-t 


I> b- 


■* 




o> 


OS iH 


*H 




CO 


l>iO 


CO 




O) 


00 00 


© 




-t 


t^ 




CO 


lOi-H 


r^ 




CM 


CM rH 


co 



■ONH 

•HHIO 

■CO 



t>. O CO CM 00 00 © 

co h co co co lo 
ooi> •<# >o t> 



•* o 

N to 

co i— i 



1* 

co 


Ol 


O 

CO 


Q 

co 

CO 


t^ 





(NN 

COCO 
CO CO 



CO 00 CM CO <-! 
OS CO 00 CO 
00 00C5 CM 



O ^h 


^H 


lO 00 


CO 


00 CO 


t^ 


LO O0 


VP 


00 b- 


o 


HO 


CM 


IQ CD 


CM 


lo OS 


-r 


CD rH 


-+ 


CM -H 


-t 










*# 


lO 


TjH^H 


iO 




50 


CM 1-1 


CO 



CO LO CO O OS 
CM CO tJh rt< 00 
I>COI> LQ 



• >o 


cm 


o 


• CO 


LO 


o 


• © 


CM 


"# 


• CO 


CO 


00 


• LO 


CO 


© 










o 





OlHOCO 
Ol CO © LO 


MOOO) 
CM CM OCM 
00 >* O 


t»00© 

CM CO CO 
CM 



7 -J= a 



< 


J^3 


£ 


.3 SJ CO 




tx, 

O 




w 


o boJi! 


u 


*J ° 



to " 

3 M 
• »— » c3 

C G 



n3 rt ^ 
3 <U (0 

<a u a 

c to u 
>— c tn O, 

SJS jO 3 0.10 ><!!jE 



E £ S 



3j.j 

ffi"a'C 

g 3"rt 




CO g 

W u 

2 * 
92 



-) S ^ g 

<I to tn ° 

O o o a 



14 



Schedule I 

LABORATORIES, ETC. 

Balances transferred to Balance Sheet, pages 4 and 5 





Credit 

Balance 

August 

1930 


Debit 

Balance 

August 

1930 


Income 


Expenses 

(Including 

Equipment) 


Credit 
Balance 
August 

1931 


Debit 

Balance 

August 

1931 


Biology 




$2,002 14 
735 15 

7i6 54 


$1,575 80 

1,491 81 

136 88 

140 25 

31 00 


$1,260 02 

3,499 33 

706 66 

154 54 

89 76 




$1,686 36 
2 j 42 67 
1,286 32 


Chemistry 






Physics 






Psychology .... 
Appointment 
Bureau 


$112 67 
32 73 


$98 38 






26 03 












$145 40 


$3,453 83 


$3,375 74 


$5,710 31 


$98 38 


$5,74i 38 


Schedule II 
ENDOWMENT FUND, AUGUST 31, 


1931 



Endowment prior to 1918 

Farms, appraised value $49,700 00 

Securities 16,485 55 $66,185 55 

Endowment of 1918 

Received in cash 261,519 65 

Received in Liberty Bonds and other securities. . . 28,273 02 

Received for campaign expenses 23,000 00 

312,792 67 
Paid out for campaign expenses 22,990 98 

Balance for investment 289,801 69 

Endowment of 1924 

Received in cash 355,177 58 

Received in securities 7,272 50 

Received for campaign expenses from subscribers . 19,030 18 

Received for campaign expenses from individuals. 1,000 00 

Received from General Education Board 175,000 00 

557,480 26 
Paid out for campaign expenses 20,030 18 

Balance for investment 537,450 08 

Added to Endowment Fund from payment on subscriptions and 

cash contributions since September 1, 1930 704 00 

Received from other sources than endowment subscribers 5,676 26 

Received for Scholarship Funds from United Enlistment Move- 
ment and Benevolence Budget 7,167 30 

Received to be loaned to students 1,265 16 

Profit and Loss Account 4,134 04 



$912,384 08 



15 



Schedule III 



INVESTMENT OF ENDOWMENT FUNDS 

The Endowment Funds of the College on August 31, 1931, were invested 
as indicated by the following summary and list of investments. 



Amount 
Invested 



Percentage 
of Total 



Farms (Appraised value) 

Foreign Bonds — Municipal. . . . 
Foreign Bonds — Public Utilities 

Foreign Bonds — Industrial 

Industrial Bonds 

Municipal Bonds 

Public Utility Bonds 

Railroad Bonds 

Real Estate Bonds 

Real Estate Bonds — Local 

Stocks 

Allotment Certificate 

Total 

Loaned to students 

Cash awaiting investment 



$47,476 25 

34,229 75 

23,775 00 

9,900 00 

110,044 40 

9,691 23 

302,677 75 

174,227 03 

134,527 50 

30,500 00 

12,522 50 

20,833 51 



5.21 

3.76 

2.61 

1.09 

12.09 

1.06 

33.25 

19.14 

14.78 

3.35 

1.38 

2.28 



$910,404 92 

1,050 00 

929 16 



100.00 



$912,384 08 



INVESTMENT OF ENDOWMENT FUNDS IN DETAIL 
AUGUST 31, 1931 

Farms 

Amount Name Rate Maturity 

Farm at East Berlin 
Farm at Shiremanstown 

(Appraised value, $47,476.25) 

Foreign Bonds — Municipal 

$10,000 Government of the Argentine Nation 6 1961 

10,000 Commonwealth of Australia 5 1957 

5,000 City of Berlin, Germany 6§ 1950 

5,000 Republic of Cuba 5| 1932 

5,000 City of Sydney, Australia 5| 1955 

35,000 (Total cost of above group, $34,229.75) 

Foreign Bonds — Public Utilities 

10,000 Berlin City Electric Company 6 1955 

5,000 Copenhagen Telephone Company 5 1954 

10,000 European Electric Corporation, Limited Cvt 6^ 1965 

25,000 (Total cost of above group, $23,775.00) 



Foreign Bonds — Industrial 

10,000 The Lautaro Nitrate Company, Ltd 



10,000 



(Total cost of above group, $9,900.00) 
16 



1954 



Investment of Endowment Funds in Detail (Continued) 
Industrial Bonds 

Amount Name Rate Maturity 

$5,000 Armstrong Cork Company 5 1940 

10,000 Butler Brothers 5 1943 

10,000 Canadian International Paper Company 6 1949 

10,000 Chicago Herald and Examiner 6| 1950 

10,000 B. F. Goodrich Company 6 1945 

10,000 Goodyear Tire and Rubber Company 5 1957 

8,000 International Match Corporation 5 1941 

5,000 Koppers Gas and Coke Company b\ 1950 

5,000 The Mead Corporation 6 1945 

2,000 Minnesota and Ontario Paper Company 6 1945 

4,000 Minnesota and Ontarib Paper Company 6 1948 

2,000 Minnesota and Ontario Paper Company 6 1950 

10,000 Philadelphia and Reading Coal and Iron Company. .. . 6 1949 

10,000 The Texas Corporation w. w 5 1944 

15,000 Wilson and Company, Inc 6 1941 



116,000 (Total cost of above group, $110,044.40) 

Municipal Bonds 
10,000 City and County of Dallas Levee Improvement District 5| 1945 



10,000 (Total cost of above group, $9,691.23) 

Public Utility Bonds 

10,000 American Commonwealth Power Corporation Cvt .... 6 1940 

10,000 American & Foreign Power Company, Incorporated ... 5 2030 

5,000 Associated Gas and Electric Company, Cvt 6 1948 

10,000 Associated Gas and Electric Company, Cvt 5| 1938 

5,000 Central Power and Light Company 5 1956 

10,000 Central West Public Service Company 5| 1956 

10,000 Cities Service Company, w. w 5 1969 

5,000 Cities Service Company, x.w 5 1963 

10,000 Cities Service Company 5 1950 

10,000 Cities Service Power & Light Company 5| 1949 

10,000 Commonwealth Subsidiary Corporation 5£ 1948 

10,000 Eastern Utilities Investing Corporation w.w 5 1954 

10,000 Florida Power Corporation 5| 1979 

5,000 Florida Power & Light Company 5 1954 

5,000 General Water Works and Electric Corporation w. w. . . 6 1944 

10,000 Indiana Service Corporation 5 1950 

5,000 Indianapolis Water Company 5^ 1954 

10,000 Insull Utilities Investment Inc. w.w 6 1940 

10,000 Insull Utilities Investment Company x.w 5 1949 

10,000 International Hydro-Electric System 6 1944 

10,000 International Telephone and Telegraph Corporation. . . 5 1955 

10,000 Interstate Power Company 5 1957 

5,000 Kentucky Utilities Company 5 1961 

10,500 Keystone Water Works Corporation 5§ 1952 

10,000 New England Gas and Electric Corporation 5 1950 

10,000 Ontario Power Service Corporation b\ 1950 

10,000 Pacific Northwest Public Service Company Cvt. w.w . . 6 1950 

5,000 Penn Central Light and Power Company 4| 1977 

10,000 Portland General Electric Company 4| 1960 

10,000 Power, Gas and Water Securities Corporation 5 1948 

10,000 Southern Cities Public Service Cvt 6 1949 

5,000 Standard Power & Light Corporation 6 1957 

17 



Investment of Endowment Funds in Detail (Continued) 

Public Utility Bonds (Continued) 
Amount Name Rate 

$10,000 Super Power Company of Illinois 4| 

10,000 Tide Water Power Company 5 

10,000 Tri Utilities Corporation 6 

10,000 West Texas Utilities Company 5 

315,500 (Total cost of above group, $302,677.75) 



Maturity 
1970 
1979 
1979 
1957 



Railroad Bonds 

5,000 Allegheny Corporation Cvt 5 1949 

10,000 Allegheny Corporation Cvt 5 1944 

10,000 Baltimore & Ohio Railroad Company 4| 1960 

10,000 Chicago, Milwaukee, St. Paul & Pacific Railroad 

Company 5 1975 

10,000 Chicago & Northwestern Railway Company Cvt 4f 1949 

10,000 Chicago South Shore & South Bend Railroad Equip- 
ment 5J 1935 

10,000 Erie Railroad Company (Refunding & Improvement) . 5 1975 

10,000 Illinois Central Railroad 4| 1966 

10,000 Missouri Pacific Railroad 5 1977 

10,000 New Orleans, Texas & Mexico Railway Company 5| 1954 

5,000 New York Central & Hudson River Railroad Company 4i 2013 

15,000 Northern Pacific Railway Company 3 2047 

5,000 Pennsylvania Company 4| 1963 

10,000 Pennsylvania Dock & Warehouse Company w.w 6 1949 

10,000 Pennsylvania Railroad Company 4 \ 1965 

5,000 Seaboard Air Line Railway Company 4 1950 

5,000 Southern Pacific Company 4£ 1969 

10,000 St. Louis — San Francisco Railway Company 4§ 1978 

5,000 Van Swerigen Corporation 6 1935 

10,000 Western Maryland Railway Company 4 1952 

10,000 Western Pacific Railroad Company 5 1946 

185,000 (Total cost of above group, $174,227.03) 



Real Estate Bonds 

1,000 Agar Packing & Provision Company 6| 1934-35 

5,000 Atlanta Medical Arts Building 6 J 1938 

500 Belmont Apartments 6| 1943 

2,000 Broadway— Barclay Office Building 6 1941 

5,000 Broadway & 41st Street Building 6\ 1944 

5,000 Carmen Theatre, Philadelphia 6 1940 

1,000 The Dorset 6 1941 

6,000 Eleven West Forty-second Street Building 6£ 1945 

5,000 Five Hundred Fifth Avenue, Inc 6£ 1949 

14,000 Fuller Building 5| 1949 

5,000 Gatesworth Apartment Hotel 6§ 1938 

10,000 Huntingdon Office Building 7 1940 

5,000 Loutellus Apartments, Pittsburgh 6| 1936 

5,000 North Avenue Market, Baltimore 6 1940 

15,000 The Ohio State Theatres Company 7 1935 

4,000 Hotel Syracuse 6| 1936-38 

5,000 Hotel Tattershall 7 1936-37 

36,800 United Brethren Publishing House 6 1934-53 

4,000 University Apartments, Pittsburgh 7 1933 

134,300 (Total cost of above group, $134,527.50) 

18 



Investment of Endowment Funds in Detail (Continued) 
Real Estate Bonds — Local 

Amount Name Rate 

$5,000 Amos K. Curry 6 

6,000 Jacob M. Gingrich 6 

8,500 Lemoyne Trust Company Guaranteed Certificate 5 

5,000 Derry Street United Brethren Church, Harrisburg. ... 6 

6,000 P. A. W. Wallace 5* 



30,500 (Total cost of above group, $30,500.00) 

Stocks 

120 shares A. S. Kreider Shoe Company, Preferred Stock 5| 

5 shares Potomac Edison Company, Preferred Stock 7 

5 shares Durant Motors, Inc. 

100 shares Lautaro Nitrate Company (Bonus) 

(Total cost of above group, $12,522.50) 

Allotment Certificates 

50 shares Associated Gas and Electric Company 8 

100 shares Corporation Securities Company of Chicago 
160 shares Kreuger & Toll Company 

(Total cost of above group, $20,833.51) 



Schedule IV 

RECEIPTS AND DISTRIBUTION OF ENDOWMENT INCOME 
FOR FISCAL YEAR ENDING AUGUST 31, 1931 

Receipts 

Cash on hand September 1, 1930 $1,962 78 

Total receipts $49,189 13 

Accrued interest returned to principal 3,550 07 45,639 06 



$47,601 84 



Distribution 

Lebanon Valley College for credit to Ministerial 

Students $1,700 00 

Lebanon Valley College for credit to others than Min- 
isterial Students 3,460 35 

Lebanon Valley College General Expense Accounts. . . . 36,747 43 

Lebanon Valley College Latin Chair Account 2,464 66 

Lebanon Valley College Library Account 59 00 

Loaned to students 230 00 

Deposit on Tattershall Hotel 350 00 

Insurance on Real Estate Bonds 100 00 

Prizes from Designated Funds 47 00 

$45,158 44 
Cash on hand August 31, 1931 2,443 40 

$47,601 84 

19 



CO 

p 

En 

H 
Q 

< 

W 

O 

Q 

W 











1— 1 C 


05 


s 


O OS 


<U ojM 








*ou: 


T- 


0,0 










CT>CT 


co 


t> 


N OS 








im 


0; 


Ol 


H 0} 










-* 






* 


B~| 








©# 










co 





OtDO 







000 


r^ ic co 


OJ 


-* O 


00 


000 







000 


(DONCO 


is 


O 


^H 


00^0 







O Tt< "5 


lO lO I> Tt< 


■<* 10 





r-ICOrH 


co 




lO^JHiO 


co 01 coo 


l> TjH 


t> 


,-lO 


<N 






T— 1 1— 1 I— 1 


a ■& 


«o 




1—1 










Q 


CO 

si 
















CO 





o<r> 


^h o- 


OJ 


OOO 


NOmN 




Tf 


00 


00 


iO IC 




O O 10 


tDOM^ 




I> 


,_l 


00 Tj< O 


a> ff 


cc 


©-* Ol 


m 10 *Q co 




02 





iHCOrH 


LO C" 


OJ 


10 ■* 00 


co 01 0; co 



£< 



8g w „ 

cEsS 

CO .5 3 



•a 3 

Cl, 



W 



u 



10 m 

ON 

10 



** 

OOO 





OOO 
O CO O 




X 


OO 
•^ CO 


OS 



OOt}< O CO 
OOrtOQ 



OOO OOO- o 

OOO OOt-h o 

000 qioicq 

r-TtHtH CO Ofof 



3 n 

g£ 
B £ 

<« 2 

OJP-, 

o 



3 
<D 

Q 

hgQS 

£.£ * £ 

£ w g 



w OJ rt (SCO 

*S c ? > 

,b a. 5 _ . 

3 %^2 > 



g CD 

OJ 
H.tJ 
fc C 

P 
H 

CD 



a-d a 

w b c 3 

<ut/).ti g 

O u 1 ^ -w 



-fl : o 
"S 3 § « 

O H f° -Q 

co-o-3 oj 
. j3 2 5 

u 9 cS 

o c c 3 
c 43 5 •** 



W nj 






42^ C g 
biO o rt • — 
<u t- is is 

=! O— nj 



i, c a 
a r 3 4= 

03 0.JS 

tn O In 

u « CO _ 

CD 3_,"5 

2 • bjO^ 1 

^2a 
WWW 



b/Q 



20 






H HIO 



000000(0 0)000 
OOOOOOCOOOOO 

lOOiOCOOHNON 



OOOOOOOOCOOOOO 
OOOOOOOO00OOO(M 

OOOOOOOOOOCOOtM 

C<1 rH rH 



OOOOCOOCOOOOOCROOOOOOOOOOOO'OCOOOO'O 
OOOOOOO00OOCDOOOOOOOOOOOOI>00OOOC<I 

lOOOOOiOHNCINOOiOtDiOiOOOOOOiQOHOOCOON 
IMiOOC0'J<O100Mi0rt!CiO(MOiO(Ni0iO(MiOiOTfiO0lNiOC0O'-i 
» CI H cq (M lO tH h <M ^h rH 



CJT3 



lOOOOOiOHlMOOCOiOtDiOiOOOOOOi-OO^OOMON 
(NiOOlfO-^OJOOMiOiOCOiONOiOOliOiONiOiO^iONNiOCOOiH 

«@ HNIN i-H rH rH <N t^ rH 



3 
C 

I 

O 

O 



c 

3 



o 
-a 

c 
W 



S 5 COCO 
« 8 3 01 

03 i-h 3 



"2 3 
a, 



0000000000000000000000000000*0 
00«0000©000000<NOOOOOOO<NOOOOOO"# 
lO O t^O OOOOOOCOO^rHrHiOOO^OOOOOOOOON 

*HOf C0"lO"cD"rH rH CO CO H <M~ rH rH rH lO H >H r-t" 1Q ci ' 



01 




i< s & c SJ3«te r1 .30c5ferOrQffi^ >, 2 J° gB"« a) 



21 



4) CJ rQ rH 

§ 8 3 2 
73 c M 

m«3 



1—i T-l <© 

00 .H O 
r-l(M ,-1 



S! 



OU5h(M 

S t> T-H T*l 

Mr-t t-H 



ooooioowooonooo 

ONOO(NWN!OWNOOO 
(Mi-iiOIr^rHrJHCO'OOOOiO'-i'O 



£< 



3 
C 

•v 
c 
o 
O 



to 



s 

a 



■8 

c 
W 



OOOO»0QOOOOOOO 

KJNOiOHMiONiOOOiOO 
(NNiONw^lMOCOOOiOr-iiO 

9§ (NH HH(N IM tH 



c E too 



ooooooooooooo 
ooooooooooooo 

OOOOiOOOOOOOOO 

SiOOONOOiOOOOOOO 
iqo ^O <M o «J5 <-J.ee MO CO o 
^i-Tw3co con"'* i-T eo i-T co 



a, 



Q 


o 


O 


C 


o 


o 


IN. 


IO 


o 


iO 


<N 


o 


-f 


<M 


<M 


r^ 


i— I 




- 







»o o oo 

CO 00 o o 
00 CO o ■* 



3 en 

o."o 

C8, 



O.J a 
"2 rJSj2-d 



•PS-.? -S.3^^3 



^cn 






s o o 3^ . 
£</> B^ >>-§ 

S-H«jujJ .sS7J, 3 2 

< ;3 S £ .2 a S cu S3 a> o N 5J 

EC 



u s 



u 



o a 

X) 

tn--? 
O 

o 
CQ 



en 


S 


o 


0) 


g 


§ 





N 


CQ 


S 

3 






1* 


<J; 


n 






■Jl 


w 




o 


i) 


/, 




< 


H 


^. 


m 


w 


Ih 


H 
V. 


E 






< 





e 

c c 

"* 3 

111 

"03 

CO, p< 

CUU a3 1 

00 a" 3 2 

j_S u « eg 

guc^E^ 

en 



22 



m 



Ot>OTOC 

CD CO f^ 00 W "# CN 



Cl lO t~ 00 iC ■* CN 

OO^TOOIHON 
C»C3>0>0-*»0 



Q.S 






s22 B "sA- 

i, fe 3 $"S 1= c 

a 



H I 



6 8 

<D E 
M o 
CS>> 

Sj 


o cu 
<~ E 
•o o 

V u 

> c 





hH 


% 


> 


O 


o 


w 


3 


o 


-a 


2 


X, 


< 


CJ 


2 




W 




H 




2 





"3 

•£5 

o 


$7,252 90 

3,349 94 

2,863 56 

222 78 

147 70 

978 71 


a: 
m 

00 

**" 






















■Tt< 

•9T 




00 

00 




0! 

i> § 

HO. 
















t^totO 
ONN 

C5<N<N 
CO-«tO 
.-hCOt-i 




cn 

8 


00 

■* 

00 
<N 




O S 


$128 40 

123 00 

26 00 

2 75 




o 

00 

cn 

9» 


CO 

o 


'3 
a 

HI 


$2,776 34 

1,020 27 

1,729 22 

45 15 

147 70 

378 43 


O 

to" 

9» 


v. 

a 

j 

5 




CO 
iO 

O 

to 

CO 








CO 

10 

o 

to 

CO 

m 


< 
pti 


cd 
O 












o 


o 
ctf 


CDCNcN 

OOOiO 

rH00 00 






o 

as 

00 

co 




1| 


ooo 
ooo 

lOtOCN 






o 

o 

co 

CN 
61* 




5 

bo 

3 


OOtDtO 

CO^CN 
rtOOtO 
■*IN 
6§ 






US 

to 

6% 




4-1 

tu 


CONIC 
00I>^ 

■*t^(N 
r-iiOiN 

CO_IOC3 

(Nr4 

6% 






o 

o 

10 

<33 

6% 






C 

_o 

13- 

11 

St 

•a s 


3 ' 

■■>>, 


E J 

op 

09 < 

sk 


3 • 

-> ■ 

i • 

H 0, 

- s 
■ s 





$6,736 52 

6,971 91 

3,009 80 

2,895 30 

482 65 

57 00 

546 00 

78 00 


00 

t^ 
o 

CM 
M 










o 
o 

o 

CO 
CO 


§§ 

to 00 


8 

00 

a> 

89 












o ■ 
o • 

r~ ■ 
10 ■ 




O 
O 

•o 


$23 07 
63 20 
25 41 
30 35 








co 
o 

2 


$1,450 09 

520 08 

282 51 

318 03 

68 50 






CM 

C» 

co 
to 

CN 

9% 


$212 70 
240 20 
138 45 
112 44 








C35 

co 
© 

as 


$705 15 

2,587 63 

1,117 19 

943 04 

1 18 






C35 
IO 

co_ 
to" 


$310 00 
916 00 
214 87 

1,012 00 








t- 

oo 

CN 
CN 


$874 66 
325 00 
191 42 
138 28 








to 
co 

a> 

CM 
IO 

M 


$231 51 

111 13 

74 08 

50 16 








oo 

00 

s 

9% 


$75 00 
33 01 
12 00 
12 00 








o 

CN 

co 


$1,261 81 

557 02 

257 67 

185 73 

52 97 






o 

CN 
10 

CO 
CN 
9% 


$1,592 53 

1,618 64 

696 20 

93 27 








3 

O 
O 

o 
•& 
at 


! 
C 


| 

5" 

3 3 

I 


i 


h 

in 

3 ' 


1 Tj 


• 
• 
• 
• 

•* 

i 


! 

3, 

3 

H 
tf-' 

5 b 


: e 

i5 





23 







Schedule VIII 








REPORT 


OF 


MUSIC DEPARTMENT- 


-1930-1931 




Receipts 






First 


Second 


Both 




For Instruction 




Semester 


Semester 


Semesters 


Year 


Cello 




$152 00 


$114 00 


$266 00 








237 50 


281 50 


519 00 




Piano 




986 00 


974 00 


1,960 00 








321 00 


436 50 


757 50 




Violin Class 




55 00 


50 00 


105 00 




Voice 




1,175 00 


1,143 50 


2,318 50 




Dictation 




315 00 


306 00 


621 00 




Sight Singing. . . . 




315 00 


324 00 


639 00 




Harmony 




387 00 


306 00 


693 00 




History of Music 




36 00 


54 00 


90 00 




Methods 




54 00 


54 00 


108 00 




Musical Form am 


d Analysis 


54 00 


54 00 


$8,131 00 


Received for use of Piano for 


prac- 












203 00 


170 00 


373 00 




For Organ 




164 00 


180 00 


344 00 


717 00 

$8,848 00 


Expenditures 


Salaries 










$10,310 50 


Tuning, repairs and use of motor for organ. ... 






710 81 


Equipment 










50 00 


Telephone 










37 05 












$11,108 36 


Summary 


Total Expenditures. . 










$11,108 36 


Total Receipts 










8,848 00 


Deficit* 










$2,260 36 













*The music students carried a total of 288 hours in the College Department 
for which no charge was made. This includes Public School Music. At our regular 
catalogue rate, tuition should be credited with $1,728.00 and the Department of 
Music should be charged with $1,728.00 for the work in the College. 

Schedule IX 

EXTENSION DEPARTMENT, 1930-1931 

Income 

First Semester $3,346 00 

Second Semester 2,899 00 

$6,245 00 
Less cash refunds 14 00 

Net receipts 777777777 $6,231 00 

Expenditures 

Salaries paid to Faculty 3,600 00 

Traveling expenses paid to Faculty 1,005 00 

Miscellaneous expenditures 255 41 

Total expenditures 4,860 41 



Balance 1,370 5 9 

24 



Schedule X 
SUMMER SCHOOL REPORT— 1931 



Income 

Registration $139 00 

Tuition 4,844 00 

Boarding 616 00 

Room Rent 236 00 

Profit on sale of books 1 1 1 48 

$5,946 48 
Less: Refunds 44 00 

Net receipts $5,902 48 

Expenses 

Distributed to Faculty 3,953 97 

Paid to Pennway Hotel for boarding 585 20 

Miscellaneous expense 533 99 

Total expenditures 5,073 16 

Balance, including Room Rent 829 32 

Schedule XI 

DINING HALL, 1930-1931 

Receipts 

From students $45,743 21 

For meals served to visitors, etc 556 64 

Supplies sold 389 37 

$46,689 22 

Expenditures 

Inventory at beginning of year $916 36 

Supplies purchased during the year 23,985 34 

24,901 70 
Less inventory August 31, 1931 1,270 74 

Net cost of supplies $23,630 96 

Salaries 11,190 88 

Cleaning drain 50 00 

Water 231 51 

Equipment purchased 1,249 09 

Gas 430 46 

Fuel Oil 266 21 

Telephone 28 50 

13,446 65 

37,077 61 

Summary 

Total Receipts $46,689 22 

Expenditures 37,077 61 

Surplus $9,611 61 

Note — No charge was made for use of building. 

25 



Schedule XII 
REPORT OF LIBRARY FOR 1930-1931 



Income 

From Matriculation Fees $366 50 

From Endowment Fund 59 00 

From Alumni Association 125 00 

From College Departments 1,184 73 $1,735 23 

Expenditures 

From Alumni Association 125 00 

Specials for Departments 1,184 73 

From Budget 1,494 33 

Equipment 219 46 

Books for German Department 38 24 

Salaries 2,719 54 5,78130 

Deduct for items added to capital investment 1,200 00 

$4,581 30 

Deficit $2,846 07 

Schedule XIII 

BUILDINGS, GROUNDS AND EQUIPMENT 
SEPTEMBER 1, 1931 

Erected Present Value Total Increase 

Buildings 

Administration 1905 $157,000 00 $2,000 00 

Engle Hall 1899 65,000 00 5,000 00 

Carnegie Library 1904 38,000 00 

Men's Dormitory 1905 80,000 00 

North Hall for Women 1904 77,000 00 ■ 5,000 00 

South Hall for Women 1857 22,500 00 

West Hall for Women 12,000 00 

Heating Plant 12,000 00 

Underground Steam Pipes 14,000 00 4,000 00 

President's Home 1900 9,000 00 

George Property 3,530 00 $490,030 00 

Grounds 

Campus 34,000 00 4,000 00 

Athletic Field 5,000 00 39,000 00 

Equipment 

Books in Library 10,500 00 1,000 00 

Biology Laboratory 6,000 00 

Chemistry Laboratory 7,500 00 1,500 00 

Physics Laboratory 4,000 00 

English Department — Lantern 

slides and equipment 1,000 00 1,000 00 

Museum Furnituie 4,000 00 

Gymnasium 2,500 00 

Class Room Furniture 4,900 00 400 00 

Office Equipment 4,500 00 200 00 

Pianos 3,000 00 

Organs 9,500 00 

General Furniture 8,500 00 

Auditorium 2,700 00 

Dining Hall and Kitchen 3,800 00 72,400 00 2,000 00 



$601,430 00 $26,100 00 



26 



Schedule XIV 

DONATIONS TO LEBANON VALLEY COLLEGE, FOR 
SPECIAL PURPOSES, 1930-1931 

Cash Contributed to Current Account 
For Books for Library, from Departments 

Bible $4 11 

Biology 3 00 

Book Department 904 48 

Business Administration 44 27 

Chemistry 70 07 

Economics 31 72 

English 21 58 

French 1 68 

History 25 70 

Latin 21 92 

Mathematics 52 45 

Physics 3 75 $1,184 73 

Alumni Association 125 00 

For Miscellaneous Purposes 

Woman's Auxiliary, for Furniture 50 00 

Woman's Student Government Association — Part pay- 
ment of radios for parlors 50 00 

A. S. Stauffer, for general purposes 90 00 

S. H. Derickson, for trees for campus 12 00 202 00 

$1,511 73 
Books Presented to Library 
In addition to the above, books and periodicals were contributed to the Library 
by the following: 

R/-i/wc Number of 

COOKS Volumes Value 

R. R. Butterwick 102 $185 00 

S. H. Derickson 1 3 00 

I. H. Doutrich 19 25 00 

C.R.Gingrich 5 5 00 

Intercollegiate Prohibition Association 27 20 00 

M. L. Stokes 2 3 00 

P. A. W. Wallace 2 3 00 

Women's Christian Temperance Union of Lebanon 

County 1 2 00 

Women's Missionary Society, Annville U. B 9 6 00 

Miscellaneous 25 35 00 

Periodicals 

Wistar Institute of Anatomy 5 42 00 

Miscellaneous 32 60 00 

$389 00 
Added to Endowment Fund 

George Cooper and Wife, Grace Cong., Hagerstown, Md. $12 00 

Cash, Grace Congregation, Hagerstown, Md 1 00 

Official Board, Second Congregation, York, Pa 13 00 

Bruce H. Redditt, Annville, Pa 40 00 

Ethel J. Angus, Alumni 3 00 

John B. Hutchison, Intercourse, Pa 15 00 

Mrs. Clara Smith, Maytown Congregation, Dover, Pa... . 10 00 

Lucile Kann, Class of 1927 5 00 

James J. Davis, Miscellaneous 100 00 

S. H. Derickson and Wife, Annville 500 00 

Wm. R. Glen, Frederick, Md 5 00 704 00 

27 



Schedule XV 

RECORD OF SCHOLARSHIPS AND OTHER FINANCIAL 
ASSISTANCE GIVEN STUDENTS IN 1930-1931 

Rebate to Ministers' Children $1,425 00 

Tuition Scholarships not covered by Income from 

Scholarship Funds 500 04 

Paid in cash from Designated Scholarships in Endow- 
ment Fund to College Accounts for credit to 

Ministerial Students 1,700 00 

Paid in cash from Designated Scholarships in Endow- 
ment Fund to College Accounts for credit to 

other than Ministerial Students 2,839 59 

Athletic Scholarships 3,780 00 

Paid on Student Accounts by Athletic Council 5,728 75 

Special Scholarships 350 00 

Distributed from Funds received from — 

Allegheny Conference C. E. Society 50 00 

East Pennsylvania Conference C. E. Society 150 00 

East Pennsylvania Conference W. M. A 75 00 

Pennsylvania Conference C. E. Society 300 00 

Presser Foundation, to Music Students 250 00 

Prize for Mathematics Students 20 00 

Prize for English Students 27 00 

Loaned to Students from Scholarship Funds 230 00 

Secured for Ministerial Students from the Board of 

Education of the United Brethren Church 245 00 

Paid in cash to student teachers, assistants, waiters, 

librarians, janitors, etc 5,740 73 $23,411 11 

Schedule XVI 



STUDENT ENROLLMENT, COLLEGIATE YEAR, 1931-1932 

College Men 

Graduate Students 6 

Seniors 49 

Juniors 40 

Sophomores 59 

Freshmen 87 

Unclassified 6 

Saturday Classes 8 

255 
Conservatory 

Seniors 1 

Juniors 1 

Sophomores 2 

Freshmen 3 

Specials 17 

24 

Extension Department 46 

Summer Session, 1931 58 

Total in all Departments 383 

Names repeated 52 

Net Total in all Departments 331 326 . 657 

28 



Women 


Total 




1 


7 




45 


94 




26 


66 




27 


86 




25 


112 




2 


8 




3 


11 




129 




384 


3 


4 




4 


5 




5 


7 




7 


10 




33 


50 




52 




76 


119 




165 


80 




138 


380 




763 


54 




106 



Schedule XVII 

FARM REPORTS, AUGUST 31, 1931 
EAST BERLIN FARM 



Receipts 

Cash on hand September 1, 1930 $ 93 

Sept. 9, 1930 W. D. Myers, for 398—40/60 bushels 

wheat at .82, and 140—45 / 60 bushels 

wheat at .80 $439 50 

C. A. Crowl, for 37 bushels corn at .90 and 

99 bushels oats at .40 72 90 

May 21, 1931 Borrowed from Annville National Bank. . . 75 00 

June 15, 1931 Borrowed from Harry Zimmerman 425 00 

Rebate on interest from Annville National 

Bank 10 97 1,023 37 



$1,024 30 



Expenditures 



Sept. 1, 1930 W. Denton Myers— Lumber for repairs. . . $1 62 

Sept. 13, 1930 Frank Hair— School Tax for 1930 64 00 

Sept. 23, 1930 C. Warren Bougher— Taxes for 1929 248 64 

Sept. 10, 1930 D. E. Brandt— Lumber for repairs 27 05 

Nov. 5, 1930 W. D. Myers— | of fertilizer 73 65 

Nov. 21, 1930 Annville National Bank — Interest on re- 
newal of note for $350.00 10 50 

May 21, 1931 Annville National Bank — Interest on note 12 75 

May 21, 1931 W. B. Sprenkle— Fencing 15 30 

May 21, 1931 W. D. Myers— Clover seed and fertilizer . . 78 71 
May 21, 1931 Frank Hare — Road, County and School 

Tax 87 56 

June 15, 1931 Annville National Bank— On note 425 00 

June 25, 1931 Joseph Crowl — Pointing wall around barn 

yard 19 50 $1,064 28 

Overdrawn account August 31, 1931 39 98 

$1,024 30 



29 



Schedule XVIII 

FARM REPORTS, AUGUST 31, 1931 
SHIREMANSTOWN FARM 



Receipts 



Cash 
Sept. 

Sept. 

Feb. 
April 
May 
June 
June 

June 

Aug. 

Aug. 

Aug. 
Aug. 



on hand September 1, 1930 

9, 1930 Frank Eberly, for 263—47/60 bushels 

wheat at .80 $211 02 

9, 1930 Frank Eberly, for 522—25/32 bushels 

oats at .45 235 25 

18, 1931 Borrowed from Annville National Bank. . 800 00 

2, 1931 Borrowed from Annville National Bank. . 1,000 00 

21, 1931 Borrowed from Annville National Bank. . 850 00 

15, 1931 Borrowed from Harry Zimmerman 1,575 00 

15, 1931 Rebate on interest from Annville National 

Bank 30 20 

16, 1931 Rebate on Road Tax 4 75 

1, 1931 Frank Eberly, for 641—26/60 bushel 

wheat at .45 288 65 

1, 1931 Frank Eberly, for 708—5/32 bushel oats 

at .25 177 04 

12, 1931 S. B. Weber, for 228+ bushel oats at .25. . 57 98 

29, 1931 Borrowed from Annville National Bank.. 125 00 



$33 76 



5,354 89 
$5,388 65 



Expenditures 



Sept. 23, 1930 Mutual Fire Insurance Company of 

Annville $4 10 

Sept. 23, 1930 Hauck Brothers — Repairing pump 11 75 

Sept. 23, 1930 O. H. Witter— School Taxes for 1930 

(College Share) 88 32 

Oct. 17, 1930 Reading Bone Fertilizer Company — f of 

fertilizer for fall of 1930 160 00 

Oct. 30, 1930 C. T. Heisey — Labor for carpenter work 

on farm and milk house 18 65 

Oct. 30, 1930 L. F. Eberly's Sons — Lumber for farm 

and milk house 27 19 

Oct. 30, 1930 Prowell & Davis Hardware Company — 

Hardware for repairs 8 25 

Oct. 30, 1930 William Bobb— Repairs to spouting 13 32 

Nov. 1, 1930 Annville National Bank — Interest on re- 
newal of note for $550 16 50 

Nov. 21, 1930 Annville National Bank — Interest on re- 
newal of note for $250 7 50 

Dec. 19, 1930 Frank Eberly— Timothy Seed 9 00 

Feb. 18, 1931 Annville National Bank' Interest on note 

of $800 24 00 

Feb. 18, 1931 O. H. Witter— Taxes for 1930 (Hare 

Share) 207 81 

Mar. 2, 1931 James Manufacturing Company — Silo. . . 563 01 

Mar. 30, 1931 Pennsylvania Power and Light Company 

Part cost of power line 337 00 

April 2, 1931 Annville National Bank — Interest on note 

of $1,000 30 00 

April 22, 1931 Hauck Brothers— Pump 98 00 

April 22, 1931 Patrons Mutual Fire Insurance Company - 8 35 

30 



Farm Reports, August 31, 1931 
Shiremanstown Farm (Continued) 



Expenditures (Continued) 
April 22, 1931 M. C. Deitz Sons — Six tons of fertilizer 

at .24. $144 00 

W. S. Franklin — Carpenter work 20 65 

H. T. Shearer — Wiring house and barn. . 321 15 
Annville National Bank — Interest on re- 
newal of note of $550 16 50 

H. T. Shearer — Portion of secondary 

transmission line 100 00 

Milleisen's Lumber Company — Material 

for cupboard 27 21 

Annville National Bank — Interest on note 

of $1,100 33 00 

O. H. Witter— Road Tax for 1931 139 00 

M. C. Deitz Sons— 6,200 lbs. hay at $26.00 80 60 

M. H. Kintz — Painting and papering 189 22 

H. T. Shearer — Balance due on secondary 

transmission lines 67 50 

American Asbestos Products Companv — 

Roof paint 38 22 

Annville National Bank — On notes of 

$550 and $1,000 1,550 00 

D. S. Eshelman — Fence posts 87 50 

Frank Eberly— Alfalfa seed, 2 bushels. . . 30 25 

Frank Eberly — Seed Oats, 60 § bu. at 

.55. 33 28 

Annville National Bank — Interest on note 

of $800 24 00 

Countryman's Mutual Fire Insurance 

Company — Premium No. 47 5 72 

R. R. Eshleman — Balance on making 

fence 218 75 

Milleisen's Lumber Company — Lumber 

for repairs 7 01 

M. C. Deitz's Sons — 8 bus. Soy Beans at 

$3.00 24 00 

Inoculation culture for above 2 40 

1095 lbs. Hay at $20 10 95 

J. H. Roller— Fence posts 105 00 

W. S. Franklin— Mason and carpenter 

work on silo 227 65 

Aug. 27, 1931 H. C. Kistler— Seed corn 12 00 

Seed wheat 26 25 

Labor on silo 71 40 

Repairs 11 02 

29, 1931 Annville National Bank — Interest on 

note of $125 1 88 

29, 1931 O. H. Witter— County and State Tax. ... 67 13 



April 
April 
May 


22, 

29, 

1, 


1931 
1931 
1931 


May 


21, 


1931 


May 


21, 


1931 


May 


21, 


1931 


May 
May 
May 
May 


21, 
21, 
21, 
29, 


1931 
1931 
1931 
1931 


June 


2, 


1931 


June 


15, 


1931 


June 
June 
June 


25, 
25, 
25, 


1931 
1931 
1931 


Aug. 


18, 


1931 


Aug. 


27, 


1931 


Aug. 


27, 


1931 


Aug. 


27, 


1931 


Aug. 


27, 


1931 


Aug. 
Aug. 


27, 
27, 


1931 
1931 



Aug. 
Aug. 



Cash on hand August 31, 1931 , 



$5,325 99 

62 66 

$5,388 65 



31 



AUDITING COMMITTEE REPORT 

To the Board of Trustees of Lebanon Valley College: 

Gentlemen — Through the privilege accorded by the Finance Committee of 
Lebanon Valley College, we, your Auditing Committee, secured the services of 
Mr. H. E. Schriver, public accountant of Harrisburg, Pa., to audit the accounts 
of S. H. Derickson, Treasurer. We submit the following statement as our report. 

J. Owen Jones "| 
R. G. Mowrey > Committee 
E. C. Wine J 



Harrisburg, Pa., November 6, 1931 
To the Auditing Committee, Board of Trustees of Lebanon Valley College, 
Annville, Pa. 

Gentlemen — This is to certify that I have audited the accounts of S. H. 
Derickson, Treasurer of Lebanon Valley College, for the fiscal period ended 
August 31, 1931, and found them correct as per the summary of accounts, the 
balances of which were reconciled with the Banks' Balances. 

A physical examination of the securities of the College was made. The se- 
curities were found intact and are in safety deposit boxes of the Annville National 
Bank, Annville, Pa., and the Farmers Trust Company, Lebanon, Pa. 

Lebanon Valley College Account 

Cash on hand September 1, 1930 $2,442 90 

Cash received during year 229,172 60 

Total $231,615 50 

Less: Disbursements 231,585 94 

Balance on hand August 31, 1931 $29 56 

Lebanon Valley College Endowment Trust Fund 

Cash on hand September 1, 1930 $704 66 

Cash received during year 184,071 32 

Total $184,775 98 

Less: Disbursements 183,846 82 

Balance on hand August 31, 1931 929 16 

Lebanon Valley College Endowment Trust Income 

Cash on hand September 1, 1930 $1,962 78 

Cash received during year 45,639 06 

Total $47,601 84 

Less: Disbursements 45,158 44 

Balance on hand August 31, 1931 2,443 40 

H. E. Schriver, 

Chartered Accountant 



32 



Lebanon Valley College 

BULLETIN 



Vol. XXI 



JUNE, 1932 



No. 3 



Supplementary Report 

Giving Financial Statement of the 

Business from September 1 , 1 93 1 , to 

June 1, 1932 



Presented to the Board of Trustees at their Annual 
Meeting, Monday, June 6, 1932 



Entered as second-class matter at Annville, Pa., under Act of August 24, 1912 



STATEMENT OF ACCOUNTS, LEBANON VALLEY COLLEGE 

JUNE 1, 1932 

Debit 

Permanent Fund Assets 

Investments of Endowment Fund 

(Schedule XXI, pages 39 to 42).. $910,950 93 
Henry B. Stehman Fund — Loaned 

to Students 1,050 00 

Cash awaiting investment 503 15 $912,504 08 

Plant Assets 

Buildings 490,030 00 

Grounds 30,000 00 

Equipment 87,113 87 607,143 87 

Current Assets 

Cash $1,824 04 

Notes carried as cash 37,391 65 

Accounts Receivable 

Students Accounts— Old 891 70 

Students Accounts— 1931-1932. . . 5,586 24 

Appointment Bureau 6 24 

Summer School 1932 54 61 6,538 79 

Materials and Supplies 

Dining Hall (Estimated) 1,000 00 

Laboratories (Estimated) 6,622 55 7,622 55 

Deferred Charge 

Insurance — Unexpired 1,810 20 

Advanced to Farm Account 216 50 55,403 73 

$1,575,051 68 



34 



STATEMENT OF ACCOUNTS, LEBANON VALLEY COLLEGE 

JUNE 1, 1932 

Credit 

Permanent Funds 

Endowment (Schedule XXI, page 

38) $910,104 08 

Endowment subject to annuities.... 2,400 00 $912,504 08 



Plant Funds 

From gifts from Conferences, 
Churches and individuals, and 
accumulated surplus 607,143 87 

Current Funds and Liabilities 

Unexpended Laboratory Fees $16 11 

Fund for Designated Purposes 
Contribution for Plants and Trees 

for Campus 25 98 

Part of Matriculation Fees used 

for Student Activities 1,259 72 

Unexpended Athletic Funds 1,277 58 

College Paper. 30 07 

Breakage Deposit to be returned 

(Estimated) 2,000 00 4,593 35 



Accounts Payable 14,345 73 

Student Accounts paid in advance. . 1,554 00 

Due Faculty for Saturday Work ... 224 00 

Notes Payable 30,000 00 

Balance to be used for expenses for 

June, July and August 4,670 54 55,403 73 

$1,575,051 68 



35 



CASH RECEIPTS AND EXPENDITURES, LEBANON VALLEY 

COLLEGE ACCOUNT FROM SEPTEMBER 1, 1931, 

TO JUNE 1, 1932 

Receipts 

Student Accounts 

College $137,651 51 

Extension (Schedule XIX, page 38) 4,359 00 

Summer School 47 00 

Student Account paid in advance. 1932-1935 1,500 00 $143,557 51 

Student Fees for Educational Purposes 

Matriculation — Retained by College 829 47 

For Library 376 99 

Laboratories — Portion for overhead expenses 1,105 25 

Biology 1,765 50 

Chemistry 1,329 00 

Physics 213 75 

Psychology 7 50 

Laboratory supplies sold 66 96 5,694 42 

Endowment Income (Schedule XXIII, page 44) 

General— Not Designated 20,098 35 

General — Designated 

Latin Chair and Other Professorships 2,638 00 

Books for Library 61 25 

Interest on nctes held as investments 639 15 23,436 75 

Gifts and Grants 

Purposes not designated 

Conference Benevolence Budget 6,065 72 

For Designated Purposes 

For Books for Library 958 46 

Y. M. C. A. Equipment 113 00 

Trees for Campus 123 50 7,260 68 

Miscellaneous Income 189 80 

Dining Hall 

Supplies sold 174 64 

Extra meals served to visitors, etc 601 35 775 99 

From Students for Non-Educational Purposes 

Athletics, General 3,774 85 

Athletics, Women 985 46 

Athletics, Maintenance of Field and Gymnasium. 1,132 46 

College Paper 565 47 

Student Activities 1,885 92 

Appointment Bureau 68 00 8,412 16 

Sundry Accounts 

Breakage Deposit — Men's Dormitory 1,385 00 

Breakage Deposit — Women's Dormitory 462 50 

Breakage Deposit — Men Day Students 510 00 

Breakage Deposit — Women Day Students 134 00 

Accounts Receivable— Old 208 73 

Electrical Supplies sold 21 39 

Presser Foundation — Music Scholarship 250 00 

Rent for Chapel 90 00 

Rec'd from Faculty and Students on Group Insur- 
ance 594 90 3,656 52 

192,983 83 

Borrowed from Banks 32,824 31 

Notes held as cash September 1, 1931 38,429 31 

Cash on hand September 1, 1931 29 56 

264,267 01 



36 



I I 



CASH RECEIPTS AND EXPENDITURES, LEBANON VALLEY 

COLLEGE ACCOUNT FROM SEPTEMBER 1, 1931, 

TO JUNE 1, 1932 

Expenditures 

Administration and General Expenses 

Salaries of President and Office Employees $12,339 14 

General— Interest 984 68 

Printing 966 87 

Miscellaneous Expense 4,036 00 

Insurance — Group 1,215 40 

Insurance — Fidelity 125 00 

Insurance — Compensation 202 67 

Student Campaign and Advertising 793 71 $20,663 47 

Instructional 

College Faculty 67,018 75 

Saturday Work 312 00 

Librarians 2,579 78 

Extension 4,000 00 

Student Teachers 1,509 85 

Practice Teaching 1,150 00 76,570 38 

Supplies and Equipment 

Biology Laboratory 1,836 48 

Chemistry Laboratory 2,146 82 

Physics Laboratory 236 69 

Psychology Laboratory 89 77 

English Department 69 25 

Library 2,422 04 6,801 05 

Auxiliary Departments 

Conservatory of Music (Schedule XXII, page 43) 

Salaries 14,626 63 

Expenses of tuning, etc 858 40 

Appointment Bureau 48 21 

Summer School Ill 61 

Extension Department Exp. (Schedule XIX, p. 38) 570 11 16,214 96 

Maintenance of Plant 

Salaries of engineers, janitors, etc 7,114 90 

Equipment 14,736 32 

Heat, Light and Water 10,874 19 

Infirmary 406 75 

Insurance — Boiler 122 50 

Repairs and Improvements 22,810 78 

Taxes 151 20 56,216 64 

Dining Room 

Salaries 9,974 76 

Supplies 18,492 34 28,467 10 

Non-Educational Purposes 

Athletics, Field and Gymnasium 885 15 

Athletics, General 3,774 85 

Athletics, Women 1,107 49 

College Paper 535 40 

Debating Team 76 96 

Student Activities 1,648 00 8,027 85 

Sundry Accounts 

Cash Refund 121 50 

Rent for outside sources 774 12 

Athletic Banquet 85 00 

Breakage Fee returned 5 00 

Breakage Fee returned, 1930-1931 30 65 

Refund on Room Rent 857 10 

Transfer to Farm Account 216 50 2,089 87 

215,051 32 

Loans returned to banks 10,000 00 

Notes carried as cash in current account 37,391 65 

Cash on hand June 1, 1932 1,824 04 

264,267 01 



37 



Schedule XIX 
EXTENSION DEPARTMENT, 1931-1932 



$2,511 00 
1,848 00 




4,000 00 

494 75 

91 61 

77 50 


$4,359 00 




4,663 86 



Income 

First Semester. . . 
Second Semester. 



Expenditures 

Salaries paid to Faculty 

Traveling expenses paid to Faculty. 

Miscellaneous expense 

Printing 



Deficit $304 86 



Schedule XX 
ENDOWMENT FUND, JUNE 1, 1932 

Endowment prior to 1918 

Farms, appraised value $49,700 00 

Securities 16,485 55 $66,185 55 



Endowment of 1918 

Received in cash 261,519 65 

Received in Liberty Bonds and other securities 28,273 02 

Received for campaign expenses 23,000 00 



312,792 67 
Paid out for campaign expenses 22,990 98 



Balance for investment 289,801 69 

Endowment of 1924 

Received in cash 355,177 58 

Received in securities 7,272 50 

Received for campaign expenses from subscribers. . 19,030 18 

Received for campaign expenses from individuals. . 1,000 00 

Received from General Education Board 175,000 00 



557,480 26 
Paid out for campaign expenses 20,030 18 



Balance for investment 537,450 08 

Added to Endowment Fund from payment on subscriptions and 

cash contributions since September 1, 1930 824 00 

Received from other sources than endowment subscribers 5,676 26 

Received for Scholarship Funds from United Enlistment Movement 

and Benevolence Budget 7,167 30 

Received to be loaned to students 1 265 16 

Profit and Loss Account 4,134 04 



$912,504 08 



38 



Schedule XXI 



INVESTMENT OF ENDOWMENT FUNDS 

The Endowment Funds of the College on June 1, 1932, were invested as 
indicated by the following summary and list of investments. 



Amount 
Invested 



Percentage 
of Total 



Farms 

Foreign — Municipal 

Foreign — Public Utilities. 

Industrial Bonds 

Municipal Bonds 

Public Utility Bonds 

Railroad Bonds 

Real Estate Bonds 

Stocks 

Allotment Certificates. . . . 

Total 

Loaned to students 

Cash awaiting investment 



$47,476 25 

29,251 00 

28,753 75 

100,406 40 

9,691 23 

293,950 25 

201,676 04 

149,652 50 

29,260 00 

20,833 51 



5.21 

3.21 

3.16 

11.02 

1.06 

32.27 

22.14 

16.43 

3.21 

2.29 



S910,950 93 

1,050 00 

503 15 



100.00 



8912,504 08 



INVESTMENTS OF ENDOWMENT FUNDS 
JUNE 1, 1932 

Farms 

Amount Name Rate Maturity 

Farm at East Berlin 
Farm at Shiremanstown 

(Appraised value, 847,476.25) 

Foreign Bonds — Municipal 

$10,000 Government of the Argentine Nation 6 1961 

10,000 Commonwealth of Australia 5 1957 

5,000 Republic of Cuba 5§ 1932 

5,000 City of Sydney, Australia 5§ 1955 

30,000 (Total cost of above group, $29,251.00) 

Foreign Bonds — Public Utilities 

5,000 Berlin City Electric Company 6 1955 

10,000 Brandenburg Electric Power Company 6 1953 

5,000 Copenhagen Telephone Company 5 1954 

10,000 European Electric Corporation, Limited Cvt 6| 1965 

30,000 (Total cost of above group, $28,753.75) 

Industrial Bonds 

5,000 Armstrong Cork Company 5 1940 

10,000 Butler Brothers 5 1943 

10,000 Chicago Herald and Examiner 6§ 1950 

5,000 Childs Company 5 1943 

10,000 Goodyear Tire and Rubber Company 5 1957 

39 



Investments of Endowment Funds, June 1, 1932 (Continued) 
Industrial Bonds (Continued) 

Amount Name Rate Maturity 

$8,000 International Match Corporation 5 1941 

5,000 Koppers Gas and Coke Company 5J 1950 

5,000 Lane Bryant Inc 6 1940 

5,000 The Mead Corporation 6 1945 

2,000 Minnesota and Ontario Paper Company 6 1945 

4,000 Minnesota and Ontario Paper Company 6 1948 

2,000 Minnesota and Ontario Paper Company 6 1950 

10,000 Philadelphia and Reading Coal and Iron Company 6 1949 

5,000 Remington Rand, Incorporated 5^ 1947 

10,000 The Texas Corporation w. w 5 1944 

10,000 Wilson & Company, Inc 6 1941 

106,000 (Total cost of above group, $100,406.40) 

Municipal Bonds 

10,000 City and County of Dallas Levee Improvement District. 5| 1945 



10,000 (Total cost of above group, $9,691.23) 

Public Utility Bonds 

10,000 American Commonwealth Power Corporation Cvt 6 1940 

10,000 American & Foreign Power Company, Incorporated.. . . 5 2030 

5,000 Associated Gas and Electric Company, Cvt 6 1948 

10,000 Associated Gas and Electric Company, Cvt b\ 1938 

10,000 Central West Public Service Company 5| 1956 

10,000 Cities Service Company, w. w 5 1969 

5,000 Cities Service Company, x. w 5 1963 

10,000 Cities Service Company 5 1950 

10,000 Cities Service Power & Light Company 5^ 1949 

10,000 Commonwealth Subsidiary Corporation 5\ 1948 

10,000 Eastern Utilities Investing Corporation, w. w 5 1954 

10,000 Federated Utilities, Inc 5^ 1957 

10,000 Florida Power Corporation b\ 1979 

10,000 Indiana Service Corporation 5 1950 

5,000 Insull Utilities Investment Inc. w. w 6 1940 

5,000 Insull Utilities Investment Company, x. w 5 1949 

10,000 Interborough Rapid Transit Company 5 1966 

10,000 International Hydro-Electric System 6 1944 

10,000 International Telephone and Telegraph Corporation. ... 5 1955 

10,000 Interstate Power Company 5 1957 

5,000 Kentucky Utilities Company 5 1961 

10,000 New England Gas and Electric Corporation 5 1950 

10,500 Northeastern Public Service Company 5^ 1961 

10,000 Ontario Power Service Corporation 5| 1950 

10,000 Pacific Northwest Public Service Company Cvt. w. w. . . 6 1950 

5,000 Penn Central Light and Power Company A\ 1977 

10,000 Philadelphia Rapid Transit Company 6 1962 

10,000 Postal Telegraph and Cable Corporation 5 1953 

10,000 Southern Cities Public Service Cvt 6 1949 

10,000 Standard Power and Light Corporation 6 1957 

10,000 Tide Water Power Company 5 1979 

10,000 Tri Utilities Corporation 6 1979 

10,000 Utilities Power & Light Corporation 5 1959 

10,000 West Texas Utilities Company 5 1957 



310,500 (Total cost of above group, $293,950.25) 

40 



Investments of Endowment Funds, June 1, 1932 (Continued) 
Railroad Bonds 

Amount Name Rate Maturity 

$5,000 Allegheny Corporation Cvt 5 1949 

10,000 Allegheny Corporation Cvt 5 1944 

10,000 Baltimore & Ohio Railroad Company 4§ 1960 

10,000 Chicago Great Western Railroad Company 4 1959 

10,000 Chicago & Northwestern Railway Company Cvt 4f 1949 

5,000 Chicago, Rock Island and Pacific Railway Company. . . 4§ 1960 

10,000 Chicago South Shore & South Bend Railroad Equipment 5^ 1935 

5,000 Dallas Railway & Terminal Company 6 1951 

10,000 Erie Railroad Companv (Refunding & Improvement) . . 5 1975 

10,000 Illinois Central Railroad Company 4f 1966 

5,000 International Great Northern Railroad Company 5 1956 

10,000 Midland Valley Railroad Company 5 1943 

10,000 Missouri Pacific Railroad Company 5 1977 

10,000 New Orleans, Texas & Mexico Railway Company b\ 1954 

5,000 New York Central & Hudson River Railroad Company. 4£ 2013 

10,000 New York, Chicago & St. Louis Railroad Company. ... 5| 1974 

5,000 Northern Pacific Railway Company 3 2047 

5,000 Pennsylvania Company 4| 1963 

10,000 Pennsylvania Dock & Warehouse Company w. w 6 1949 

10,000 Pennsylvania Railroad Company 4| 1965 

5,000 Seaboard Air Line Railway Company 4 1950 

5,000 Southern Pacific Company. 4| 1969 

10,000 St. Louis-San Francisco Railway Company 4j 1978 

5,000 Virginia and Southwestern Railwav Company 5 1958 

10,000 Western Marvland Railroad Companv 4 1952 

10,000 Western Pacific Railroad Company 5 1946 

210,000 (Total cost of above group, $201,676.04) 

Real Estate Bonds 

1,000 Agar Packing and Provision Company 6| 1934-35 

5,000 Atlanta Medical Arts Building 6£ 1938 

500 Belmont Apartments 6| 1943 

2,000 Broadway-Barclay Office Building 6 1941 

5,000 Broadway & 41st Street Building 6£ 1944 

5,000 Carmen Theatre, Philadelphia 6 1940 

1,000 The Dorset 6 1941 

6,000 Eleven West Forty-second Street Building 6§ 1945 

5,000 Five Hundred Fifth Avenue, Inc 6| 1949 

14,000 Fuller Building 5i- 1949 

5,000 Gatesworth Apartment Hotel 6£ 1938 

10,000 Huntingdon Office Building 7 1940 

5,000 Loutellus x^partments, Pittsburgh 6| 1936 

5,000 North Avenue Market, Baltimore 6 1940 

4,000 Hotel Syracuse 6| 1936-38 

5,000 Hotel Tattershall 7 1936-37 

36,800 United Brethren Publishing House 6 1934-53 

4,000 University Apartments, Pittsburgh 7 1933 

119,300 (Total cost of above group, $119,152.50) 

Real Estate Bonds — Local 

5,000 Amos K. Curry 6 

6,000 Jacob M. Gingrich 6 

8,500 Lemoyne Trust Company Guaranteed Certificate 5 

5,000 Derry Street United Brethren Church, Harrisburg 6 

6,000 P. A. W. Wallace 5£ 

30,500 (Total cost of above group, $30,500.00) 

41 



Investments of Endowment Funds, June 1, 1932 (Continued) 

Stocks 
100 shares The Chase National Bank of the City of New York 
5 shares Durant Motors, Inc. 

120 shares A. S. Kreider Shoe Company, Prefeired Stock 5| 

140 shares Nitrate Corporation of Chili (Bonus) 
100 shares The National City Bank of New York 

5 shares Potomac Edison Company, Preferred Stock 7 

(Total cost of above group, $29,260.00) 

Allotment Certificates 

50 shares Associated Gas and Electric Company 8 

100 shares Corporation Securities Company of Chicago 
235 shares Kreuger & Toll Company 

(Total cost of above group, $20,833.51) 



42 



Schedule XXII 

MUSIC DEPARTMENT— 1931-1932 
To June 1, 1932 



Receipts 



First 

For Instruction Semester 

Clarinette $25 00 

Flute 12 50 

Organ 237 50 

Piano 1,016 00 

Violin 225 00 

Voice 1,000 00 

Dictation 288 00 

Sight Reading 306 00 

Methods 36 00 

History of Music 54 00 

Practice Teaching 72 00 

Harmony 360 00 

Keyboard Harmony 54 00 

Harmonic Analysis 

Games and Pageantry. ... 90 00 

Brass Class 112 00 

Violin Classes 128 00 

Woodwind Class 64 00 

String Ensemble 68 00 

Orchestra and Choral Con- 
ducting 

Miscellaneous 

Received for use for practice 

Organ 200 00 

Piano 170 00 

Instruments of Band and 

Orchestra 96 00 



Second 


Both 


Semester 


Semesters Year 




$25 00 




12 50 


$253 00 


490 50 


920 50 


1,936 50 


175 00 


400 00 


1,200 00 


2,200 00 


306 00 


594 00 


288 00 


594 00 


108 00 


144 00 


54 00 


108 00 


72 00 


144 00 


306 00 


666 00 




54 00 


36 00 


36 00 




90 00 


112 00 


224 00 


72 00 


200 00 


72 00 


136 00 


56 00 


124 00 


80 00 


80 00 


18 00 


18 00 $8,276 50 


180 00 


380 00 


170 00 


340 00 


84 00 


180 00 900 00 



Expenditures 



,176 50 



Salaries $14,801 63 

Tuning, repairs and use of motor for organ to June 1, 1932 668 20 

Practice teaching for seniors at Hershey, Pa 100 00 

Expenses for transportation for practice teaching 183 80 

Printing 76 37 



$15,830 00 



Summary 



Expenditures $15,830 00 

Receipts 9,176 50 



Deficit $6,653 50 



43 



Schedule XXIII 

RECEIPTS AND DISTRIBUTION OF ENDOWMENT INCOME 
FROM SEPTEMBER 1, 1931, TO JUNE 1, 1932 

Receipts 

Cash on hand September 1, 1931 $2,443 40 

Total receipts $32,788 93 

Accrued interest returned to principal 44 78 32,744 15 



5,187 55 



Distribution 



Lebanon Valley College General Expense Account.,. . $20,098 35 
Lebanon Valley College for credit to other than Min- 
isterial Students 3,686 65 

Lebanon Valley College for credit to Ministerial Stu- 
dents 1,265 00 

Lebanon Valley College Account of Latin Chair and 

Other Professorships. 2,638 00 

Lebanon Valley College Library Account 61 25 

Paid in cash to students 32 03 

Insurance on Adair Bonds 100 00 

Transferred to Permanent Funds 100 00 

Loaned to students 802 00 

$28,783 28 
Cash on hand June 1, 1932 6,404 27 



$35,187 55 



44