REPORT OF AUDITORS. 45 



Schedule of Securities — continued. 

 $24,011,600 Brought forward $1,124,762.47 $22,816,206.54 



Par Value. SECURITIES. Investment Value. Total. 



Reserve Fund — cont'd. 



50,000 Lake Shore & Michigan Southern Railwaj* 

 Company, Registered 25-year 4% Gold 



Bonds, due September 1, 1928 47,000.00 



50,000 Long Island Railroad Company, Refunding 



Mortgage 4% Bonds, due 1949 48 , 285 . 00 



50,000 New York, Westchester & Boston Railway 

 Company, First Mortgage 43^% Bonds, 



due 1946 49,187.50 



50,000 Northern Pacific-Great Northern (Chicago, 

 Burlington & Quincy Collateral), Joint 



4% Bonds, due 1921 49,037.50 



50,000 Northern Pacific Railway Co., General 

 Lien Railway and Land Grant 3% Bonds, 



due Jan. 1, 2047 33,101.25 



50,000 Oregon-Washington Railroad & Navigation 

 Company, First and Refunding 4% 



Mortgage Bonds, due 1961 46,375.00 



30,000 Pennsylvania Railroad Company, General 



Mortgage 4J^% Bonds, due June 1,1965 . . 29,837.50 



101,000 Pennsylvania Railroad Company, Con- 

 solidated Mortgage, 4J/^% Bonds, due 



Aug. 1, 1960 105,608.12 



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, 1st Con- 

 verted 43^3, due 1947 112,500.00 



353,500 United States of America Liberty Loan of 



1917, 2d Converted 322,527.04 



419,500 United States of America Third Liberty 



Loan of 1918 404,728.20 



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 



Pension Fund. 



50,000 United States of America Victory Liberty 



Loan of 1919 50,000.00 



50,000 United States of America Second Liberty 



Loan of 1917 43,671.25 



3,071,802.13 



93,671.25 



26,152,900 25,981,679.92 



