Treasurer's Report. 
569 
Owing to the fact that the property that was mortgaged to 
secure the $1,000 permanent fund of the Academy, was recently 
sold, the money was returned and the mortgage discharged. 
After trying without success to find a mortgage of a thousand 
dollars on property in Dane county, in which this fund could 
be invested, after consultation with the President and Secretary 
of the Academy, and in accordance with their advice, the money 
was placed in the hands of the Savings Loan and Trust Com¬ 
pany of Madison, Wis. ; for which the Academy holds the com¬ 
pany’s debenture bond No. 1039, dated October 31st, 1895, for 
one thousand dollars with interest at the rate of five per cent, 
per annum .payable semi-annually on the first of January and 
July at the company’s office or at the First National Bank of 
Madison. 
SUPPLEMENTARY REPORT. 
Since the foregoing was written there have been receipts and 
disbursements as follows: 
Balance brought forward. $281 45 
Received for initiation fees and annual dues...... 11 00 
$292 45 
Disbursements: 
Democrat Printing Co., for printing. $71 95 
S. D. Hastings, for postage and envelopes for 3 
years.. 14 25 86 20 
$206 25 
Balance Dec. 26, 1895. $206 25 
Respectfully submitted, 
Saml. D. Hastings, 
Treasurer. 
The Auditing Committee report that they have found the report 
of the Treasurer correct according to accompaning vouchers and 
check for the balance due the Academy $206.25 and bond for 
$1,000. All effects of the office have been turned over to 
L. S. Cheney, Treasurer-elect. 
W. W. Daniells, 
D. P. Blackstone, 
J. Morgan Clements, 
Committee. 
