UNIV Plate 1 HAMILTON GRANGE AND SYMBOLICAL TREES, NEW YORK CITY See page 26 in trust to the Society by Mrs. Antonia Draper Dixon who died September 3, 1923. The assessed valuation of the real estate varies from $33,000 to $40,000 on different assessment rolls. The contents of the Observatory are valued at $2,867. Andrew H. Green Memorial Fund The Andrew H. Green Memorial Fund consists of $10,000 given to the Society by the heirs of the Society's Founder and in his memory. The income from this fund during the past year, amounting to $400, was paid into the General Fund for the payment of the following bills included in the General Fund statement: J. B. Lyon Company, printing, minutes. $373 33 10 00 12 50 4 17 $400 00 The principal of the Andrew H. Green Fund is permanently invested as follows: One registered 4 per cent gold certificate of corporate stock of the City of New York, series V-5, No. 1, due May 1, 1957.... Hamilton Grange Fund Par Value $10,000 00 The Hamilton Grange Fund consists of moneys given for the purchase of the last residence of Alexander Hamilton. This property, situated at No. 287 Convent avenue, New York City, and consisting of the mansion and a lot 4634 by 100 feet in size, was conveyed to the Society November 15, 1924. This fund consists of moneys contributed for the care and improvement of Diamond Island in Lake George. We also have Diamond Island, comprising about 1.54 acres of land, which was devised to the Society by the late Mrs. George Foster Peabody of Saratoga Springs, who died January 8, 1922. Its assessed valuation for purposes of taxation before it became the property of the Society was $1,200, but with monument, summer house, etc., it is estimated to be worth $2,500. Endowment Fund The Endowment Fund is a fund begun for the permanent endowment of the Society, the income to be applied to its general work. Following is a statement for the year ended December 31, 1924: In addition to the foregoing cash balance we have the following securities: One registered 44 per cent gold bond of the United States Par Value $1,000 00 100 00 1,000 00 $2,100 00 66 Helen Hall Vail Fund The Helen Hall Vail Fund consists of moneys aggregating $1,535 given by Mrs. Vail for the publication of the 20th edition of The Life of Mary Jemison" revised by her husband, the late Charles Delamater Vail, L. H. D., and published in August, 1918. The proceeds of the sales of the books are returned to the fund for the publication of future editions. The electrotype plates are in storage with Harper Brothers of New York. There were no receipts or disbursements in 1924 and the ballance remained on December 31, 1924.... $933 27 Thomas W. Meachem Fund Following is a statement of the Thomas W. Meachem Legacy for the improvement of Fort Brewerton : Battle Island Park Disbursements Battle Island Park, which was given to the State by Mr. Frederick A. Emerick of Oswego, has been generously maintained by himself personally. The amount of his disbursements in 1924 is not known; but in order that this report may adequately indicate the amount of money spent upon the public properties which the Society administers, it is estimated that the amount expended upon the improvement of Battle Island Park during the year 1924 was in the neighborhood of $5,000, which did not pass through the Society's treasury. Charles A. Spofford Legacy The contingent bequest of $25,000 by the late Charles A. Spofford to the Society remains unpaid, as stated in the minutes of the annual meeting of 1921. Miscellaneous Properties The Society also owns the following properties: At Stony Point, N. Y., 1.16 acres of land valued at $750, given to the Society July 23, 1908, by Ada F. Allison and others, of Stony Point, adjoining the State Reservation. Upon it stands the Memorial Arch erected by the Daughters of the Revolution at a cost of $3,500. At Tappan, N. Y., the Andre Monument and a circular plot of land 51 feet in diameter, purchased November 13, 1905, from George Dickey of Nyack, N. Y., for the sum of $250. The monument alone, erected by Cyrus W. Field and dedicated October 2, 1879, cost $1,500, to which we have added a tablet costing $100. Summary A summary of the assets of the Society on December 31, 1924, not including the unpaid contingent legacy of Charles A. Spofford, is as follows: Aggregate cash balances. $12,516 13 Securities, par value. 43,350 00 19.25 acres of land, cost, assessed valuation, or estimated value.. 45,775 00 Tappan Monument 1,600 00 Furniture, horses, books, museum contents, etc., at Letchworth 12,376 91 Furniture and museum contents at Draper Park. 2,867 00 $118,485 04 Against which there are no liabilities. Depositories The depository of the cash funds of the Letchworth Legacy, the Meachem Fund, the Endowment Fund and the Draper Park Fund is the Bank of New York and Trust Co., at No. 52 Wall street, New York City. |