Report of the Proceedings of the Society of the Army of the Tennessee At the ... Meeting[s] ..

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Report of the Proceedings of the Society of the Army of the Tennessee At the ... Meeting[s] ..
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Force, Treasurer of the Society of the Army of the Tennessee, check on Third National Bank of Cincinnati, for five thousand dollars, ($6000) to the order of The Central Trust and Safe Deposit Com- pany, to be by it invested and held on the terms and trust stated in the letter dated 10th May, 1892, a copy of which is hereto attached; said fund being known as the " Dayton Fund" of the Society of the Army of the Tennessee.
The Central Trtst and Safe Deposit Co., [seal] Richard Dymond, President, T
...he objection to investing the fund in government securities like the other fund of the Society, was, that the |5000 would purchase only $4300 of the bonds, and at their maturity we would receive only $4300 for them, impairing to that extent the principal which the trustees are required to keep intact.
The stock-holders of the Central Trust and Safe Deposit Company are rep- resentative of the best people in Cincinnati. The company is authorized by law to act as guardian and administrator and trustee, to make investment of trust funds or take care of trust estates.


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