USA > Alabama > Lowndes County > Annual report of the principals of the Calhoun Colored School, Calhoun, Lowndes County, Alabama with the reports of the treasurer for 1920 and 1921 > Part 2
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Mrs. David P. Kimball was a friend of the more recent vcars, but the $1,000 addition to our Invested Funds will mean her ever continuing support.
Mr. Charles C. Drew first expressed an interest in Cal- houn by a contribution of gio. His death occurred a short time later, and we were deeply touched and surprised by his large legacy to Calhoun, amounting to $18. 177.
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Mr. Charles H. Merriman gave his annual support for twenty-three years without omission. His legacy of $1,000 gives further assurance of his deep interest and of his kind and wise thought for the future of Calhoun. We have sustained many losses this year and are thinking of each one, but will mention by name only those who have been constant in their interest and support for twenty-five years or more. Mrs. F. H. Gaylord, Mr. Charles P. Bowditch and Mr. James Richardson had all reached the quarter-century mark.
Calhoun Workers :- Of the two losses by death in our force, that of Mr. Chesnutt has been entered earlier with an appreciation of his long and valuable service.
Miss Cornelia A. Scott is remembered by all at Calhoun with full recognition of the beauty of the young life which entered upon the year's work with us. With enthusiasm she came down in the early fall. After two weeks' stay we found she was not well, but were influenced by her urgent appeal for a longer trial. After hospital care in Montgomery she left us to return to her Northern home. A few months later we were grieved but not surprised to hear that Miss Scott had died suddenly, April 17, 1921, by progress of the disease from which she had been suffer- ing. Her life just entered upon, for she was only eighteen, left a strong impress for good upon all at Calhoun.
Calhoun enters upon its thirtieth year on June 1, 1921. It is our earnest hope that it will be the best in its history. As I look back over all these years it seems as if visions of 1892 were slowly but surely materializing into the con- crete form of realities. May we not hope this thirtieth year for large financial support with early gifts so that time and strength can be devoted to the unfolding of future plans as well as to the strengthening of present work?
It is with sincere and deep gratitude to every one who has helped Calhoun that acknowledgment is made to those who support Calhoun, to the Trustees who also guide and direct, and to the workers who untiringly and unselfishly give of their best to the School and community.
Respectfully submitted,
CHARLOTTE R. THORN,
Principal.
TREASURER'S REPORT.
TO THE TRUSTEES OF THE CALHOUN COLORED SCHOOL :
Gentlemen,-The report of the Treasurer of Calhoun Colored School is herewith submitted for the fiscal year ended May 31, 1921.
Invested Fund. To the Permanent Invested Funds there was added $34,882.37, the largest amount ever received in one year. Of this total amount $34,552.95 represents legacies from the following estates: The final payment of $14,177.96 from the Estate of Charles C. Drew, the first payment having been made during the year 1919-20. We received from the Estate of Mrs. Alfred T. White $10,000, and from the Estate of Mr. Alfred T. White $8,375; from the Estates of Mrs. David P. Kimball and Mr. C. H. Merriman $1,000 each. In addition to these legacies the Calhoun graduates added to their Scholarship Fund $119, and to the Minthey E. Wiley Memorial Fund $210.41. This brings the total of our Invested Fund to $149,112.87, for the detailed account of which I refer you to the Report of the Investment Committee.
Permanent Improvement Fund. Large additions were made to the Per- manent Improvement Fund in response to the "1920 Special Appeal" for the much-needed improvements of the place. Through the generous response of our friends we received for this special fund $62.393, which is the largest amount ever received in a single year for improvements. Of this amount $25,143 was subscribed by individuals in addition to special gifts to this fund the previous year. The Gen- eral Education Board redeemed its pledge for $35.000. made under condition that the total amount of $109.125 should be raised; the Phelps-Stokes Fund added $2.000 and the Keith Fund $250.
Current Fund.
Among the receipts for the current year.
the first item of interest is $27.334. a part of the "1920 Special Fund." the appeal for which included a sum toward wiping out the deficit for the year and to be included under the Current Expense
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receipts. The following gifts were received : The Gen- eral Education Board in addition to the amount for the Fund above referred to, appropriated $5,000 toward the running expenses; from the Slater Fund $900; from the Frothingham Fund $101; from the Phelps-Stokes Fund $250; from the Boston Calhoun Club $2,000; from the New Haven Calhoun Club $900; from Churches and Soci- eties $850, while from individuals there was received $24,368, making the total donations of the year toward the Current Expenses $61,703. I mention these in detail for fear that some friends do not have the courage to look through the financial statement following this report.
As usual, new givers were gained during the year and friends of the past were reclaimed. In this way we try not only to offset the losses through death and other causes but also to add to our constituency each year. It is inter- esting to note that from year to year with the growth of contributions there is also a small but steady increase in the amount paid by the students for tuition and board. We are endeavoring to increase the responsibility of the community in the support of the School.
Expenditures. The expenses of the year, as shown in the accompanying cash statement, unfortu- nately also show a slight increase of $3,801 over the expenses of the previous year,-a small amount when we take into account that we had a larger number of boarding students, a heavy interest to pay on necessary loans for running expenses, and in consideration of the continued high cost of all supplies and labor.
At the end of the year, May 31, we show a heavy debt in the form of a loan made to enable us to pay all salaries, wages and bills, also to have a liberal sum at the close of the year to enable the School to carry its heavy summer expenses of the year 1921-22. It was impossible to con- sider any summer campaign for the raising of money on account of illness and because the clerical force had to be released for the work connected with the improvements, thus lessening the time for publicity work.
One of the strongest efforts of the year has been to guard carefully the expenditure of each dollar intrusted to our care, and there was splendid cooperation on the part of the heads of all departments in the furthering of this effort.
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It is difficult to adequately thank the friends who have made the year's work possible, but most earnestly do we make acknowledgment to every friend, whether an individ- ual or an organization, for the support of our work. The generous financial aid as well as the trust and interest expressed through these gifts and through the many letters of encouragement and belief in what Calhoun stands for. have bridged us over many a difficult and depressing situation.
The work of Calhoun rests largely in the continued loyal. generous support of her friends, and with the conviction that this will be accorded us, we are about to enter upon our thirtieth year of school work and life.
Respectfully submitted, C. R. THORN. Principal.
CASH STATEMENT OF
FOR THE YEAR ENDING
INVESTED FUND.
RECEIPTS.
Estate of Clara B. Kimball $1,000.00
Estate of Charles C. Drew. 2,147.71
Estate of Charles H. Merriman
1,000.00
Graduates' Fund
119.00
Minthey E. Wiley Memorial Fund
210.41
$4,477.12
Memo .: Summary of receipts for Invested Funds in addition to above received directly by the Investment Committee :---
Estate of Charles C. Drew . Estate of A. J. L. White
$12,030.25
10,000.00
Estate of Alfred T. White
8,375.00
$30,405.25
PERMANENT IMPROVEMENT FUND.
RECEIPTS.
Balance June 1, 1920 :-
For Specified Improvements
$6,305.50
For 1920 Special Improvements 10,000.00
$16,305.50
Received for 1920 Special Fund :--
General Education Board
$35,000.00
Phelps-Stokes Fund
2,000.00
Keith Fund
250.00
Individuals
25, 143.00
62,393.00
$78,698.50
CALHOUN COLORED SCHOOL.
MAY 31, 1921.
INVESTED FUND.
DISBURSEMENTS.
Investment Committee $4.477.12
$4.477.12
PERMANENT IMPROVEMENT FUND.
DISBURSEMENTS.
To 1920 Special Improvement (on account contract $1.730.12
Saw-mill and equipment 2.100.00
Improvement on cottages 000.00
Balance Specified Improvement Fund 3. 105.50
Balance 1920 Special Improvement Fund . 70.662.99
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CURRENT FUNDS.
RECEIPTS.
Balance, June 1, 1920 $41.21
Income from Invested Funds
6,667.22
Donations :-
Individuals, for general expense . $24,368.00
1920 Special Fund, toward deficit 27,334.00
General Education Board
5,000.00
Slater Fund
900.00
Frothingham Fund
101.80
Phelps-Stokes Fund
250.00
Boston Calhoun Club
2,000.02
New Haven Calhoun Club
900.00
Churches and societies
850.00
61,703.82
Tuition
$2,422.60
Text-books .
167.1I
2,589.71
Farm
$158.33
Mill
66.28
224.61
Cobbling
$209.45
Blacksmithing
176.94
Carpentry
16.00
$402.39
Sewing-room
$430.01
Crafts-room
134.07
Domestic science and tea-room
276.61
840.69
1,243.08
Board of students
3,044.34
Medical
$159.43
Bank interest
68.04
Sales-room
884.05
Sunday offerings
1 26.92
Office supplies and stationery
171.65
Supply room
255.18
Commissary
1,358.46
Sundries
495.42
3,519.15
$79,033.14
Loan from Old Colony Trust Company
23,000.00
Carried forward
$102,033.14
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CURRENT FUNDS. DISBURSEMENTS.
Furnishings and Equipment :-
Boarding Department
$138.43
Carpenter shop 72.75
Farm
522.25
Laundry
109.19
Office
517.54
Teachers' Home
121.64
$1,481.80
Salaries: Executive,-Principal, Vice-Principal, and office.
$6.497.50
Academic 6.200.00
Industrial
8,536.00
Community, Medical, and Religious 2.762.50
General Duty and Librarian 1.970.00
25,966.00
Subsistence: Teachers and students .
11. III.35
Service: Student and community labor
12.401.46
Heating and Lighting: Coal
$585.29
Wood
2,597.42
Oil . 860.70
4.052.41
Household supplies $589.40
Office supplies
978.36
Academic supplies
353.71
Text-books .
194:34
2. 115.51
Repairs on buildings $515.18
Water system and engine house .
1.589.17
Insurance and taxes .
153.48
Yard, grounds, and general duty
262.35
Community
30.00
Sanitary
116.50
Guard
571.45
Farm
$5.209.69
Milling
700.78
5.919.47
Saw-mill
00.37
0.258.05
Laundry
$254.30
Sewing-room
500.12
Crafts-room 116.54
Domestic science and tea-room
534 20
Blacksmith shop
225 52
Cobbling shop
2.200 42
Carried forward
30
Brought forward .
$102,033.14
$102,033.14
3I
Brought forward .
$68,583.62
Commissary $1,044.82
Band and military 173.47
Conferences and entertainments
364 80
Mission account
187.65
Medical 443.15
Special Health account
86.39
Library
208.39
Extension work: Two out-post schools
543.00
Publicity
770.50
Travel and Northern Campaign 1,234.66
Travel (departmental)
109.65
Interest on loan
1.787.22
Public roads
40.00
Auditing
60.00
Sundries
664.40
7.718.10
Total payment of Current Expenses 1920-21 $76.301.72
Payment on debt from previous year
11.647.41
$87.949.13
Cash balance Current Expense account (part of loan
as entered below)
14.054.01
$102.033.14
Outstanding accounts, May 31, 1921 :-
Loan
$33.000.00
Itemized as follows :-
$10,000.00 from previous year. 8,000.00 for current expense included in above disbursements for 1920-21. 15,000.00 to commence year 1921-22.
$33,000.00
C. R. THORN.
Treasurer.
CALHOUN COLORED SCHOOL. AUDITOR'S STATEMENT.
All cash and other assets shown to have been received from June 1. 1920, to May 31, 1921. have been accounted for. Charles H. Gibson. Chief Accountant of Tuskegee Institute, has examined the accounts. and proper receipts have been seen for all cash disbursement-
(Signed) JAMES MOTT HALLOWELL.
REPORT OF THE INVESTMENT COMMITTEE OF THE CALHOUN COLORED SCHOOL
FOR THE YEAR ENDED MAY 31, 1921.
The past twelve months have been unusually fortunate ones for the Calhoun Colored School in the matter of bequests for its invested funds. The total of $34,882.37 received during this time and enumerated below in- creases the invested funds to $149,112.87.
It is pleasing to note that the graduates are still making material subscriptions to the various funds, which proves their devotion to the School.
The gifts received during the year are as follows :-
Final payments on legacy u/w Charles C. Drew. in cash and securities . $14.177.96
(This added to the $4,000 received last year makes $18,177.96 on account of this bequest.)
Clara B. Kimball Legacy, cash 1,000.00
Alfred T. White Lezacy. 100 shs. Northern Pacific R. Co. appraised @ 833/4 8.375.00
Annie Jean Lyman White Legacy, 100 shs. American Telephone & Telegraph Co. appraised @ 100 10,000.00
Charles H. Merriman Legacy, cash 1,000.00
From graduates for Scholarship Fund
From graduates for ! Minthey Wiley Memorial 119.00
Scholarship Fund 210.41
$34.882.37
The following changes in the invested funds have been made during the year :-
Bought $200 Fourth Liberty Loan 41/4s, due 1938, @ 87.04 and interest.
Bought $4,500 Duquesne Light Co. 6s, due 1949, $500 @ 85 and interest. $4,000 @ 8914 and interest.
Bought $2,500 Montana Power Co. 5s, due 1943, $2,000 @ 811/2 and interest, $500 @ 81 and interest.
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Gift 102 shs. American Telephone & Telegraph Co.,
appraised @ 100.
Gift 100 shs. Northern Pacific R. Co .. appraised @ 833/4.
Gift $1,000 St. Louis & San Francisco R. Co. 4s. due 1950, appraised @ 59 and interest.
Gift $2,000 St. Louis & San Francisco R. Co. Prior Lien 5s, Series B, due 1950, appraised @ 733/8 and interest.
Gift $1,000 St. Louis & San Francisco R. Co. Adj. 6s. Series A. due 1955, appraised @ 63 and interest.
Gift 21 shs. Atchison. Topeka & Santa Fe Ry. Co .. Pfd .. appraised @ 761/2.
Gift 38 shs. Atchison, Topeka & Santa Fe Ry. Co .. Com.,
appraised @ 84.
Gift
2 shs. Delaware & Hudson R. Co.,
appraised @ IOI.
Gift 5 shs. Union Pacific R. Co., Com .. appraised @ 1211/4.
Exchanged $1,000 Northern Pacific-Great Northern Joint 45. due July, 1921, for $1,000 Northern Pacific-Great Northern Joint 61/28, due 1936.
Bought for the Caroline Phelps Stokes Fund :-
$500 Duquesne Light Co. 6s, due 1949. @ 85 and interest.
Attached to this report are statements regarding the various funds, together with a full list of the investments. Our accounts have been audited by Messrs. Stewart. Watts & Bollong, Certified Public Accountants and Auditors of Boston, whose statement appears at the end of our report. This firm again has shown its generosity by doing this work for the School without compensation.
N. PENROSE HALLOWELL. HENRY W. FARNAML. WILLIAM JAY SCHIEFFELIN.
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INCOME ACCOUNT.
Coupons Debit
$500 U. S. Government Fifth Victory Liberty Loan 43/4s . $23.75 100 U. S. Government First Liberty Loan Converted 414S 4.25
1,500 American Telephone & Telegraph Co. Coll. Trust 5s 75.00 .
1,000 Terre Haute Electric Co. 5s .
50.00
13,500 Montana Power Co. 5s (6 months) 16,000 Montana Power Co. 5s (6 months) 400.00
337.50
1,000 Interborough Rapid Transit Co. 5s 50.00
6,000 Baltimore & Ohio R. Co. Southwestern Div. 31/2S 210.00 1,000 Southern California Edison Co. 5s 50.00
4,000 Oregon Short Line 5s
200.00
11,000 Connecticut Ry. & Light Co. 47/2S 495.00
1,000 Southern Ry. 5s 50.00
1,000 Tri-City Ry. & Light Co. 5s 50.00
5,000 Gulf & Ship Island R. Co. 5s
250.00
1,000 Philadelphia Co. 6s
60.00
4,000 Edison Electric Illuminating Co. of Boston 7s
280.00
1,000 Seattle Electric Co. 5s 50.00
15,000 New York & Queen's Electric Light & Power Co. 5s 750.00
1,000 Utica & Mohawk Valley R. Co. 412S 45.00
6,000 Louisville & Jeffersonville Bridge Co. 4s 240.00
1.000 Alabama Power Co. 5s 50.00
15,000 Galveston-Houston Electric Co. 5s 750.00
8,000 Tri-City Ry. & Light Co. 5s
400.00
1,000 Montreal Light, Heat & Power Co. 5s 50.00
1,000 Connecticut Power Co. 5s . 50.00
2,300 U. S. Government Fourth Liberty Loan 41/4s 97.75
500 Duquesne Light Co. 6s (6 months) 15.00
5,000 Dallas Power & Light Co. 6s
300.00
1,000 Northern Pacific-Great Northern Joint 4s (16 mo. 16 days) 55.II
1,000 Northern Pacific-Great Northern Joint 61/2s (I mo. 14 days) 7.94
5,000 Laurentide Power Co., Ltd .. 5s 250.00
500 Western Electric Co. 7s 35.00
2,000 St. Louis & San Francisco R. Co. 5s (6 mos.) 50.00
1,000 St. Louis & San Francisco R. Co. 4s (6 mos.) 20.00
1,000 St. Louis & San Francisco R. Co. 6s (6 mos.) 30.00
Dividends
II shs. Wisconsin Central R. Co., Pfd $44.00
5 shs. Union Pacific R. Co., Com. 37.50
3 shs. Lehigh Valley R. Co., Com. 7.87
102 shs. American Telephone & Telegraph Co. 412.00
9 shs. Pere Marquette R. Co., Prior Pfd. 33.75
2 shs. Delaware & Hudson R. Co. 13.50
2.500 Provident Loan Society of New York 150.00
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Dividends
Debit
38 shs. Atchison, Topeka & Santa Fe Ry. Co., Com. $114.00
2 shs. Chicago, Rock Island & Pacific R. Co., 7% Pfd. 7.00
2 shs. Buffalo, Rochester & Pittsburg R. Co .. Com. 6.00
21 shs. Atchison. Topeka & Santa Fe Ry. Co., Pfd. 52.50
100 shs. Northern Pacific R. Co. 175.00
Interest Commonwealth Trust Co. 38.01
$6,922.43
1920. Credit
June 4. Balance overinvested from next prior account $82.34
Nov. 30. Paid Union Safe Deposit Vaults rent to December I, 192I IO.00
1921.
Feb. 7. Paid Massachusetts transfer tax on 100 shs. Ameri- can Telephone & Telegraph Co. 2.00
May 25. Paid Union Safe Deposit Vaults additional on larger box 5.00
Accrued interest on bonds bought :-
June 15. $200 U. S. Government 4th Liberty
Loan 414s, 1938 $1.13
Sept. I. 500 Duquesne Light Co. 6s. 1949 5.00
Nov. 29. 2,000 Montana Power Co. 5s, 1943 41.II
Dec. 4. 500 Montana Power Co. 5s. 1943 10.75
1921.
April 25. 4,000 Duquesne Light Co. 6s, 1949 76.00 134.00
Deposited Old Colony Trust Co. to credit Charlotte R. Thorn. Treasurer Balance
6.667.22
$6.922.43
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ENDOWMENT.
CASH TRANSACTIONS.
1920.
June 4. Balance
Debit $860.88
Sept. II. Received of Estate Charles C. Drew, account legacy, sundry securities and cash . $9,432.75 Dec. 13. Received of Estate Charles C. Drew, account legacy, sundry securities, 2.097.50
1921.
March II. Received of Estate Charles C. Drew, account legacy, cash 1,147.71
April II. Received of Estate Charles C. Drew, account legacy, cash 1,000.00
May 27. Received of Estate Charles C. Drew,
account legacy, final payment . 500.00 14,177.96
1920.
Oct. 27. Received of Alfred T .. White, "as a bequest from Annie Jean Lyman White." 100 shs. American Telephone & Telegraph Co. 10,000.00
Nov. 5. Received of David P. Kimball, Executor, "as a
legacy from Clara B. Kimball," cash 1,000.00 1921.
Feb. 18. Received of Estate of Alfred T. White, 100 shs. Northern Pacific R. Co. 8,375.00
April
4. Received of Estate of Charles H. Merriman 1,000.00
7. Proceeds of sale 2 shs. Chicago, Rock Island & Pacific Co., 7% Pfd. 140.92
Proceeds of sale 3 shs. Lehigh Valley R. Co., Com. 147.42 Proceeds of sale 28 shs. National Rys. of Mex- ico, 2d Pfd. 129.78
18. Proceeds of sale 14 shs. Wisconsin Central R. Co., Com. 417.34
May 17. Proceeds of sale 9 shs. Pere Marquette R. Co., Prior Pfd. 492.17
Proceeds of sale $1,000 Northern Pacific-Great Northern Joint 4s, 1921 1,000.00
31.
Received from Calhoun Graduates for Scholar- ship Fund 119.00 Received from Calhoun graduates for Minthey Wiley Memorial Scholarship Fund 210.41
$38,070.88
37
1920.
June 15. Cost of $200 U. S. Government Fourth Liberty Loan 414s, 1938, @ 87.04 and interest .
$174.58
Sept. I. Cost of $500 Duquesne Light Co. 6s. 1949. @ 85 and interest 425.00
Nov. 29. Cost of $2,000 Montana Power Co. 5s. 1943. @ 8112 and interest 1.633.00
Dec. 4. Cost of $500 Montana Power Co. 5s, 1943. @ 81 and interest .
405.00 Sept. IJ. Value of $1,000 St. Louis & San Francisco R. Co. 4s, 1950, @ 59 590.00
Value of 21 shs. Atchison, Topeka & Santa Fe Ry. Co., Pfd., @ 761/2 1.606.50 Value of 38 shs. Atchison, Topeka & Santa Fe Ry. Co., Pfd .. @ 84 3.192.00 Value of 5 shs. Union Pacific R. Co., Com .. @ 1211/4 606.25 Value of *II shs. Wisconsin Central R. Co .. Prior Pfd .. @@ 60
650.00
Value of 14 shs. Wisconsin Central R. Co .. Com., @ 28 392.00 Value of 2 shs. American Telephone & Tele- graph Co .. @ 981/2 197.00
Value of 2 shs. Delaware & Hudson R. Co .. @ IOI 202.00
Value of 9 shs. Pere Marquette R. Co. 5' Pfd., @ 45 105.00 139.50
Value of 3 shs. Lehigh Valley R. Co .. @ 461/2 Value of 2 shs. Buffalo. Rock Island & Pitts- burg R. Co .. Com., @ 58
116.00
Value of 2 shs. Chicago, Rock Island & Pacific R. Co., Pfd., @ 77 154.00
Value of 28 shs. National Rys. of Mexico. 2d Pfd .. @ 61/8 172.50
Dec. 13. Value of $2.000 St. Louis & San Francisco Prior Lien 5s. Series B. 1950, @@ 733/8 Value of $1.000 St. Louis & San Francisco Adi. 6s. Series A. 1955. @@ 63 .
1.467.50
Oct. 27. Value of 100 shs. "American Telephone & Tele- graph Co .. @@ 100 10.000.00
630.00
Feb. 18. Value of 100 shs. Northern Pacific R Col. (a 833/4
8.375.
AApril 9.
Cost of exchanging 11 shs. Wisconsin Central R. Co .. Pfd .. for 11 shrs. Minneapolis St Pau & Sault Ste. Marie Leased Lines Cof 1.67
25.
Cost of $1.000 Duquesne Light ( OR. 1949.
(@ 8914 and interest May 17. Cost of $1.cod Northern Pacific Grown North ern Joint 6125. 1036
1921.
May 31. Balance at Commonwealth Trust G
$:8.370 88
*Exchanged for Minneapolis, St. Paul & Sanh Mie Mani Teased Lines Cils
Credit
38
ENDOWMENT. GENERAL STATEMENT. FUNDS.
The J. M. and Belinda L. Randall Endowment Fund $5.000.00
Juliet Augusta Kemp Legacy
5,000.00
Mary J. Phipps Legacy
1,000.00
The Coburn Endowment Fund
14,480.10
Helen Scott Robinson Legacy
1,000.00
Elizabeth Lewis Legacy
1,000.00
Ann Mary Hobbs Legacy
950.00
Elizabeth Clapp Legacy
1,000.00
Metcalf Fund
1,000.00
Anne E. Hayden Legacy
300.00
The "R. B." Fund
5,000.00
Richard Price Hallowell Memorial Fund 5,000.00
Julia B. Thayer Legacy
9,500.00
Lucy C. Coburn Legacy
10,000.00
Alexander M. White Memorial Fund
15,000.00
John C. Haynes Legacy
1,000.00
Shubael Hutchins Legacy
1,000.00
Frances Hathaway Kimball Fund
5,000.00
Gift from Mr. A. E. Angier
50.00
Martha R. Hunt Legacy
10,000.00
Sarah L. Dickinson Legacy
950.00
Harriet Rose Lee Fund
500.00
Nancy B. Harrington Fund
1,000.00
Maria Hallowell Loud Memorial Scholarship Fund
2,000.00
Frances A. Hackley Legacy
4,750.00
F. W. Hallowell Building Maintenance Fund
500.00
Gift from Mrs. Norwood P. Hallowell
500.00
Calhoun Graduates Scholarship Fund 335.35
Miss Helen M. Griggs Legacy 850.27
1,000.00
Eliza C. Farnham Legacy
2,000.00
Teachers and Workers at the School for Investment Fund Graduates and Ex-Students Club for Endowment Fund 50.00
50.00
Sarah R. Dalton Legacy 500.00
Mrs. Edward N. and the Misses Hallowell for the Minthey Wiley Memorial Scholarship Fund
500.00
Gift of Graduates, to be added to the Minthey Wiley Memorial Scholarship Fund
810.41
Gift of Prof. Henry W. Farnam, 6% note of Calhoun Land Purchase Trust 1,000.00
Charles C. Drew Legacy
18,177.96
Annie Jean Lyman White Legacy
10,000.00
Clara B. Kimball Legacy
1,000.00
Alfred T. White Legacy 8,375.00
Charles H. Merriman Legacy
1,000.00
Mrs. Charlotte E. Smith Legacy
39
Brought forward $148.129.09
Profit and Loss as specified in past reports
. $879.15 Profit on sales of
14 shs. Wisconsin Central R. Co., Com. . $25.34
3 shs. Lehigh Valley R. Co. 7.92 9 shs. Pere Marquette R. Co., Prior Pfd. 87.17 $1,000 Northern Pacific-Great Northern Joint 4s, 1921 40.00 $160.43
Loss on sales of
2 shs. Chicago, Rock Island & Pacific R. Co., 7% Pfd. $13.08
28 shs. National Rys. of Mex- ico, 2d Pfd. 42.72 55.80 Balance 104.63
Profit and Loss May 31, 1921
983.78
$149.112.87
40
ENDOWMENT.
GENERAL STATEMENT. INVESTMENTS. Bonds Due Date
Par Value
$1.000 Alabama Power Co. Ist Mtge. 5s
1946
$965.00
1.500 American Telephone & Telegraph Co. Coll. Trust 5s
1946
1,486.24
6,000 Baltimore & Ohio R. Co. 31/28
1925
5,385.00
1,000 Connecticut Power Co. Ist & Cons. Mtge. 5s
1963
950.00
11,000 Connecticut Ry. & Lighting Co. 41/2S
1951
10,780.00
5,000 Dallas Power & Light Co. Ist Mtge. 6s
1949
5,000.00
4.500 Duquesne Light Co. 6s
1949
3,995.00
4,000 Edison Electric Illuminating Co. of Boston 7s
1922
3,965.00
15.000 Galveston-Houston Electric Ry. Co. 5s 5,000 Gulf & Ship Island R. Co. 5s
1954
14,250.00
1,000 Interborough Rapid Transit Co. Refunding Mtge. 5s
1966
971.25
5.000 Laurentide Power Co., Ltd., Ist Mtge. 5s 6,000 Louisville & Jeffersonville Bridge Co. 4S . 16,000 Montana Power Co. Ist & Refunding Mtge. 5s
1943
14.433.00
1,000 Montreal Light, Heat & Power Co. Lachine Coll. 5s
1933
990.00
15,000 New York & Queens Electric Light & Power Co. Ist Cons. Mtge. 5s . 1,000 Northern Pacific-Great Northern R. Co. Joint 612s . 1.000 6% Note Calhoun Land Trust, J. P. Loud, Trustee asisgned by Prof. Henry W. Farnam to Calhoun Colored School .. . 4,000 Oregon Short Line R. Co. Cons. Mtge. 5s 1,000 Philadelphia Co. 6% Note
1925
1,000.00
1946
3,875.00
1922
965.00
2,500 Provident Loan Society of New York, Cer- tificate of Contribution 6%
2,500.00
1,000 Seattle Electric Co. Cons. Refunding Mtge. 5s
1929
985.00
1,000 Southern California Edison Co. Gen. Mtge. 5s 1,000 St. Louis & San Francisco R. Co. Prior Lien 4S
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