566 PROCEEDINGS OF THE NEW YORK MEETING 



the Society could do for itself by careful attention to correct business 

 methods, and hence it is with no small degree of satisfaction that the 

 retiring Treasurer can at this meeting turn over to his successor and to 

 the Society the full amount ($10,000.00) -asked for 15 years ago, invested 

 in first-class interest-bearing securities, with all accrued bills paid to date 

 (except 3 bills for $573.00 just received from President) and $2,000.00 

 in the treasury. The above table illustrates the value of small savings 

 and points the way to a continued increase of the Society's financial 

 resources. The total expenses of the Treasurer's office (printing, sta- 

 tionery, and postage) for the last 15 years amount to $318.23, or an 

 average of $21.23 per annum. 



The securities noAv owned by the Society are as follows : 



Par value 



March 17 and 25, 1898. two Texas and Pacific Railroad 1st mortgage 



5 per cent bonds, cost $1,976.25 $2,000 00 



February 6, 1901, ten shares of the capital stock of the Iowa Apart- 

 ment House Co., Washington, D. C, cost $1,000.00 1,000 00 



April 1, 1903, twenty shares of the capital stock of the Ontario Apart- 

 ment House Co., Washington, D. C, cost $2,000.00 2,000 00 



April 11, 1904, three second mortgage 5 per cent bonds of the U. S. 

 Steel Corporation, cost $2,.366.25 3,000 00 



May 12, 1905, ten shares of the capital stock of the Ontario Apart- 

 ment House Co., Washington, D. C, cost $1,000.00 1,000 00 



March 24, 1906, ten shares of the capital stock of tlie Ontario Apart- 

 ment House Co., Washington, D. C, cost $1,000.00 1,000 00 



Total cost, $9,342.50 ; total par value $10,000 00 



The general financial condition of the Society is exhibited by the tab- 

 ular statement (page 567), showing the receipts and disbursements for 

 the year ending December 1, 1906. 



This balance is distributed as follows : 



In the Security Trust Co. of Rochester, N. Y $1,678 47 



In the Bank of Monongahela Valley, Morgautown, West Va 318 94 



Total $1,997 41 



Eespectfully submitted. 



I. C. Whitk, 



Treasurer. 

 MoKGANTOWN, "\Yest Va., December 20, 1906. 



