ENDOWMENT FUND.
Note—The Endowment Fund on December 1, 1908, is thus stated:
| Invested in $18,000, par value, 4% West Shore R. R. Bonds, cost | $ 18,771.50 |
| Invested in $1,000, par value, 4% Lehigh Valley R. R. Bonds, cost | 1,000.00 |
| Invested in $25,000, par value, Provident Loan Society Certificates, cost | 25,000.00 |
| Cash | 8,787.25 |
| $ 53,558.75 |