CARNEGIE FUND, PRINCIPAL ACCOUNT

Cash donated by Mr. Andrew Carnegie$100,000.00
Invested as follows:
June 1, 19085,0004%Amer. Tel. & Tel. Bonds96½$ 4,825.00
June 1, 190810,0004%Amer. Tel. & Tel. Bonds94-3/89,437.50
June 1, 190815,0004%Cleveland Terminal10015,000.00
June 1, 190810,0004%Seaboard Air Line95½9,550.00
June 1, 190815,0005%Western Un. Tel.108½15,000.00
June 1, 190815,0003½% N. Y. Cen. (Lake Shore Col.)9013,500.00
June 1, 190815,0005%Mo. Pacific104-7/815,000.00
May 3, 190915,0005%U. S. Steel10415,000.00
Aug. 6, 19091,500 U. S. Steel106-7/81,500.00
July 27, 19101,000 U. S. Steel102½1,000.00
102,50099,812.50
Jan. 15, 1913 Union Trust Co. on deposit187.50
$100,000.00

In addition to the above we have on hand at the Union Trust Company $150 profit on the sale of the Missouri Pacific Bonds, which we have carried to a special surplus account.