Annual Report of the American Bible Society

STATEMENT OF TRUSTS AND INVESTMENTS HELD BY THE SOCIETY, MARCH 31, 1893.

TRUST FUNDS SUBJECT TO LIFE INTEREST.

Brewster Fund.

Transferred to the Society, July, 1871, by Rev. Dr. Prime, Trus-
tee, on condition that the Society pay the income thereof to
the daughters of Lemuel Brewster during their lifetime;
after the death of the survivor, the fund to be used for the
general purposes of the Society
Invested on Bond and Mortgage at 42 per cent., and income
paid to two daughters surviving.

$6,383 00

Austin A. Parks Gift, Newark, N. Y.

With the provision that the donor shall receive 7 per cent. on the amount of the gift each year during his lifetime, if he should

call for it each year.

February 14, 1871.. Received

Invested on Bond and Mortgage at 4 per cent.

Oren Johnson Legacy, Beaver Dam, Wis.

By the Will of Oren Johnson, deceased, the estate is left for the life-use of widow, and after her death payable to American Bible Society.

Mrs. Johnson proposed that the Society receive the money from the Executor and pay her the income during her lifetime. Proposition accepted, May 25, 1871, on condition that she receive whatever the income from investment may be.

Received from Executor

"" from Mrs. Johnson

$1,000 00

$2,167 00

2,800 00

$4,967 00

Invested on Bond and Mortgage at 4 per cent. interest, and in

come paid Mrs. Johnson half-yearly.

Amount carried forward

$12,350 00

Amount brought forward

A. P. Cumings Legacy, New York.

The Legacy by Mr. Cumings's Will was payable at decease of

widow. As it appeared the estate would not pay legacies in full, the widow proposed to pay over at once the full amount, on condition that she receive 7 per cent. interest thereon during her lifetime; which proposition the Society accepted.

June 19, 1874.. Received

Invested on Bond and Mortgage at 5 per cent. interest, and income paid Mrs. Cumings yearly.

William L. Devgo Estate.

By decree of the Supreme Court, City and County of New York, January 17, 1885, the Society was appointed trustee of this estate, as successor to John J. Cisco, deceased, "to collect "and receive the income thereof, and from the income to "pay to Malvina Devoo, during her life, the annuity be"queathed to her, being $3,500 a year; and, in case she

shall exercise the power given to her to dispose of $10,000 "of the principal of said fund, then the Society shall pay "such $10,000 according to such disposition thereof: also, "the Society shall pay to Betty Durling from the income six "dollars each week of her natural life, and after the decease of "said Malvina Devoo and said Betty Durling, and the pay"ment of all sums herein directed, then and thenceforth the "said fund as then remaining, with all unexpended income 'thereof, if any, shall be held by said Society for its own use."

The fund now consists of:

Cash-balance of principal uninvested, and of in

come on deposit in U. S. Trust Company

Bond and Mortgage at 5 per cent.

$12,350 00

$5,000 00

$7,468 35
74,800 00

$82,268 35

E. Sterling Ely Gift, Buffalo, N. Y.

Received at various times from Mr. Ely, from October 30, 1888, to January 17, 1893, $6,500, the interest to be paid him dur

Amount brought forward

ing his life, and to certain persons named should they sur

vive him; at death of survivor the amount to become the

$99,618 35

$4,000 00
2,500 00

$6,500 00

Wm. Houck Gift.

May 15, 1891, received from Mr. Houck eighty-three shares stock, the proceeds of which are to constitute a trust fund for his benefit, on which the Society is to pay him 6 per cent. interest during his life; at his death the fund to become the property of the Society.

Proceeds sales stock

Received in cash

$12,794 12

4,705 88

$17,500 00

$14,000 00
3,500 00

Interest on $3,500 is payable to his wife should she survive him.

Invested on Bond and Mortgage at 5 per cent.

On deposit in U. S. Trust Company

Dr. John E. Tyler's Estate, Boston, Mass.

Will of Testator gives whole estate to Society on death of widow.

By an agreement with the widow the Society releases all claim on the estate in consideration of $8,000 being paid at her death. Mrs. Tyler having given her obligation to pay or cause to be paid that sum, has deposited Manhattan Beach Railroad Company 7 per cent. First Mortgage Bonds, payable 1897, for $10,000, as collateral security for the obligation of $8,000

Rev. Richard G. Keyes Gift, Watertown, N. Y. Received at various times from April 14, 1892, to January 12, 1893, from Mr. Keyes, 6 per cent. interest payable to him during his life, and to certain other persons should they survive him

$8,000 00

$4,000 00

Amount brought forward

Eliza Porter Gift, Alliance, Ohio.

Received from Mrs. Porter, February 23, 1892, interest to be

paid her during her life

In U. S. Trust Company

$135,618 35

1,000 00

$1,000 00

$136,618 35

PERMANENT TRUST FUNDS.

E. J. M. Hale Legacy, Haverhill, Mass.

Testator's Will provides that the amount of the legacy shall be

a trust fund, the Society to use and appropriate the annual

income.

Aug., 1882.. Received .

Invested on Bond and Mortgage at 4 and 5 per cent.

Hannah W. Richardson Legacy, Philadelphia, Pa.

Will gives "$5,000, in trust, the interest only to be applied to the publication and circulation of the Holy Scriptures, especi

ally in heathen countries."

Oct., 1883.. Received

Invested on Bond and Mortgage at 5 per cent.

Robert Hamilton Legacy, Portsmouth, Ohio.

Testator's Will provides that his legacy shall be forever invested so that the Society shall have a perpetual income from the same for its general purposes.