=Invested as follows:=
June 1, 1908 5,000 4% Am. Tel. & Tel. Bonds 96-1/2 $ 4,825.00
June 1, 1908 10,000 4% Am. Tel. & Tel. Bonds 94-3/8 9,437.50
June 1, 1908 15,000 4% Cleveland Terminal 100 15,000.00
June 1, 1908 10,000 4% Seaboard Air Line 95-1/2 9,550.00
June 1, 1908 15,000 5% Western Un. Tel. 108-1/2 15,000.00
June 1, 1908 15,000 3-1/2% N. Y. Cen. 90 13,500.00
(Lake Shore Col)
June 1, 1908 15,000 5% Mo. Pacific 104-7/8 15,000.00
May 3, 1909 15,000 5% U. S. Steel 104 15,000.00
Aug. 6, 1909 1,500 U. S. Steel 106-7/8 1,500.00
July 27, 1910 1,000 U. S. Steel 102-1/2 1,000.00
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102,500 99,812.50
Jan. 15, 1912 Union Trust Co. on deposit 187.50
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$100,000.00
In addition to the above we have on hand at the Union Trust Company
$150 profit on the sale of the Missouri Pacific Bonds, which we have
carried to a special surplus account.