REPORT OF 
THE PENSION BOARD 
TO THE BOARD OF MANAGERS 
WING to the relief of the Pension Fund by the resigna- 
tion of a large number of members, thereby relieving it 
from the liability of 165 years accumulated service, and the fact 
that the interest of invested funds is rapidly helping assume the 
burden of the pensions already active, and because the Pension 
Fund has been administered on a very economical basis and 
that the investments made by the Finance Committee of the 
Board of Managers have been successful, the Fund is now in 
a better condition than ever before. 
A very serious loss to the Board occurred in the death of 
Mr. George C. Clark, Chairman of the Board since May 14, 
1914, the date of its organization. The friendly relationship, 
cooperation with the members and the able management of the 
meetings of the Board, by Mr. Clark, endeared him to all of 
its members. At the meeting of the Pension Board of March 
5, 1919, the following resolution was adopted: 
WHEREAS: The Pension Board has learned with deep regret 
of the death of GEORGE CRAWFORD CLARK, Chairman of the Pen- 
sion Board since its formation, and one of its most valued mem- 
bers, whose good counsel and untiring interest were always at 
the service of the Board, therefore it was 
Resolved, That the earnest sympathy of the Pension Board 
be extended to the family of our late member GEORGE CRAW- 
FORD CLARK in their deep bereavement, and that this resolution 
be spread upon the minutes of the Pension Board. 
At the same meeting Mr. Wm. Pierson Hamilton was electea 
as Chairman of the Board, and has officiated since that time. 
Mr. William Woodward was appointed by the Executive Com- 
mittee to fill the vacancy in the Board. 
