The Standing Committee recommended that William S. Stryker, President, be and is hereby authorized to sell, and transfer, with the seal of the Society part of $5,000 Pittsburg, Cincinnati and St. Louis Railroad Company 7 per cent, registered bonds, due August i, 1900, for $1,000 each, interest February and August, and to appoint one or more attorneys for that purpose.
That William S. Stryker, President, be and he is hereby authorized to withdraw $5,000 Pittsburg, Cincinnati and St. Louis Railroad Company’s Bonds, deposited with the Camden Safe Deposit Trust Company, Camden, New Jersey, described as follows: Pittsburg, Cincinnati and St. Louis Railroad Company 7 per cent, registered bonds, due August 1, 1900, for $1,000 each, interest payable February and August.
That William S. Stryker, President, be and is hereby authorized to assign with the seal of the Society affixed, unto the Pennsylvania Railroad Company in exchange for a certificate of the capital stock, of said Company for sixteen shares, the said railroad company’s receipts for the payment for sixteen (16) shares of the capital stock of said railroad company, subscribed for under the resolution of its Board of Directors, of Dec. 13, 1899, described as follows, namely: Receipts No. 57 for fourteen (14) shares. No. 3737 for one (1) share. No. F21 for 4-10 of a share. No. F 866 for 6-10 of a share, now standing in the name of the Society of the Cincinnati in the State of New Jersey.
That the President and Vice-President, or either of them, be authorized and empowered at any time to make and execute all necessary acts of assignment and transfer with the seal of the Society affixed attested by the Secretary, of any of the securities now standing or may hereafter stand in the name of the Society, and to appoint one or more attorneys for the purpose with like full power. The recommendations were adopted.
The Standing Committee would respectfully report that they have had the accounts of the Treasurer audited and they have been found correct. They show:
Balance on hand July 4, 1899
$870.42
Total amount of receipts
1,603.84
Total
$2,474.26
Amount added to investments
$823.25
Other expenses
1,532.52
Total amount expended
2,355.77
Balance on hand
$118.49
Donations
Your Standing Committee would recommend that a donation of $50 be paid to Miss Elizabeth Barber, and that a donation of $25 be made to Mr. John James Piatt. Recommendation adopted.
A recess was taken to partake of dinner, after which the Society was called to order by the President. The Institution was read by the Secretary, and Historic papers on General Maxwell by H. D. Maxwell, and on Col. Oliver Spencer, by Mr. Gales.