52 REPORT OF THE EXECUTIVE COMMITTEE. 



Schedule 1. — Schedule of Investments at October SI, 1919 {Cont'd). 

 $24,403,200 Brought forward $1,533,194.34 $22,779,724.40 



Par Value. SECURITIES. Investment Value. Total. 



Reserve Fund (Cont'd). 

 100,000 Southern Pacific Railroad First Refunding 



Mortgage, 4% Bonds, due 1955 92, 148.75 



140,000 Union Pacific Railroad Co. First Lien and 



Refunding 4% Bonds, due June 1, 2008 128,722.50 



112,500 United States Liberty Loan, 2d Converted 



4*3, due 1947 112,500.00 



85,500 L^nited States of America Second Liberty 



Loan of 1917 85,600.00 



272,000 United States of America Third Liberty 



Loan of 1918 267,513.70 



364,000 United States of America Fourth Liberty 



Loan of 1918 357,181.30 



120,800 United States of America Victory Liberty 



Loan of 1919 120,800.00 2,697,560.59 



Pension Fund. 

 50,000 United States of America Victory Liberty 



Loan of 1919 50,000.00 50,000.00 



25,648,000 25,527,284.96 



