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Caption: UI Library School Alumni Newsletter - 23
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Alumni News Letter, 1937 125(X) 50.66 500() ife memberships Interest.... ••. • • • • • • • • • • Loans repaid by students. • • • • : • v - V Wr/^A Divi mils 4th and 5th, hirst .National Bank, Champaign.. TotaI 28.22 382.88 $U66l6 Expenditures Endowment fund A.L.A. Richmond oans to students Filing fee on corporation papers Incidentals Invested Bldg. & Loan Balance, Sept. 1, 1936 j4ss€ts fH $125.00 6.85 100.00 1.00 2.00 600.00 $100.00 500.00 70.55 192.28 600.00 834.85 $ 331.71 * Loans to students Investments Commercial Building & Loan (& M/2% In closed First Nat. Bank, Champaign In closed First Nat. Bank, Urbana Investments Citizens Building & Loan @ 4V4% Total 1,462.83 $1,794.54 Liabilities Aone. 0 During the year the First National Bank of Champaign has paid two dividends of 10% each on the deposit which was there when the bank failed in 1932. JOSIE B. HOUCHENS, Secretary-Treasurer ENDOWMENT FUND Financial report of the Trustees of the Alumni Endowment Fund, for the period ending April 30, 1936: This report covers the eleven months from June 1, 1935 to April 30, 1936; the period of each report is conditioned, of course, by the time of the annual meeting of this Association. There have been no additions to the principal sum during the period covered; interest has been collected in the amount of $290.65. There have been no changes in investment during the year except the interest collections added to the fund in the Bowery Savings Bank, and the withdrawal from that fund of $300.00 for the annual scholarship payment. The annual income from our invested funds at the present rate is $305.00 to which is added the earnings on the savings bank balance, amounting in the present period to $18.13. The full yearly amount of income from invested funds was not collected during the present period, as a result of an adjustment in the dates of paying interest by the Building and Loan Association. The fourth annual scholarship of $300.00 was paid to the University in terch, 1936, for use during 1936-1937. The resources of the fund at present in the hands of the Trustees are: 5 per cent stock certificate, Commercial Building & Loan Association, Urbana, Illinois $5,000.00 B 5V$ per cent bond, Scovill Manufacturing Co., ($1,000 par value) 990.00 On deposit in Bowery Savings Bank, New York City 762.08 • Total $6,752.08
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