[fotopatio] Etter than chivalric spirit, which up and down th

Thu Apr 1 01:18:46 CEST 2010

Ss in the disbursement of the funds. At the end of each quarter the
disbursements
of the Association are carefully examined by the Auditors,
two responsible business

men, who go over and verify the accounts
item by item. The Treasurer and other officers
of the Association are to be especially commended for the thorough and
business-like methods which prevail in the conduct
of their business. The invested funds of the Association amount to
$230,375.78, yielding an income last year of $10,936.46. These funds are
chiefly invested in mortgages
in the city and State of New York and in Government bonds. In view of
the forgeries

of real estate mortgages recently discovered in New York City, the

mortgages of the Association in New York and Brooklyn have, at the
request of the attorney of the Association, been personally

examined by a member of the Finance Committee and all found to be valid
and correct. An examination of the schedule of securities held
by the Association shows that there is not a single poor
investment among them, or one on which the interest is in default.
Besides the
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