E N D O W M E N T 7 5
S C H E D U L E A - 2
11,000 00 (5,500 00
7,000 00 6,000 00
$ 59.500 00
New York Central & Hudson Iliver lailroaJ OV, Refunding and Improvement Bonds 4 % %
due 2013 10,132 25 Northern Pacific Railway Company, Refunding
and Improvement Mortgage Bonds, 6%, due
2047 6,272 50 Pennsylvania Railroad Company, General Mort-
gage Gold Bonds, 5%, due 1968 1,723 00 Southern Railway Company, Development and
General Mortgage Gold Bonds, 4%,- due 1956 . . 5,130 00 West Shore Railroad Company, Guaranteed 4%,
First Mortgage Bonds, 4%, due 2361 5,835 00 Total Railroad Bonds $ 53,496 00
Public Utility
$ 10.000 00 Eastern Gas & Fuel Association. 4%, due 1 9 5 6 . . . $ 8,601 50 5,000 00 Mississippi Power & Light Co., First Mortgage
Gold Bonds, 5%, due 1957 4,962 50 7,000 00 New England Power Association, Gold Deben-
tures, 5%, due 1948 5,468 66 3.000 00 Portland General Electric Corp., 4 % % , due 1960. 2,610 00 1,000 00 United Light & Railway Company, Gold Deben-
ture Series of 1927, 5 y2% , due 1952 990 00 5,000 00 Western Union Telegraph Company, 5%, due 1960 4,125 69
$ 31,000 00 Total Public Utility Bonds $ 26,758 35
Industrial
$ 1,000 00 Armour and Company of Delaware. 7% Income
Debenture Bond. 7%, due 1978 $ 1,000 00 10.000 00 General Steel Castings Corp., First Mortgage,
Series A, 5 y2% , due 1949 9,154 81 2,000 00 International Paper Company, Refunding Mort-
gage Sinking Fund Gold Bonds, Series A, 6%,
due 1955 2,103 75 5,000 00 Otis Steel Corporation, 4 y2% . due 1962 5.025 00 4,000 00 United Drug Company, 25 Year Gold Bonds, 5%,
due 1953 4,052 50 6,000 00 Wheeling Steel Corporation, First Mortgage, 3 % % ,
due 1966 5,769 90
$ 28.000 00 Total Industrial Bonds $ 27,105 96
Real Estate
$ 8,730 00 Abstract Title & Mortgage Corp.. Guaranteed First Mortgage Collateral Bonds, 4 % % , due
1949-59 $ 8,730 00 10,000 00 Broadway New Street Corp., 20 Year Income
Bonds. 6%, due 1939 9,600 00 16,000 00 165 Broadway Building. Inc., Secured Sinking
Fund Bonds, 4 % - 4 % % , due 1958 15,280 00 7,000 00 The Pennsylvania Building, Inc., 20 Year Second
Mortgage Income Bonds , due 1959 5,810 00 10,000 00 61 Broadway Building. First Mortgage Sinking
Fund Gold Loan, 3 y2 - 5 % . due 1950 9,975 00
$ 51,730 00 Total Real Estate Bonds $ 49,395 00
$197,930 00 Total Bonds $ 184,472 32
E N D O W M E N T 77
Total Preferred Stock $ 111,409 90 C o m m o n S t o c k
Industrial
25 Allegheny Ludlum Steel Corporation, No Par . . $ 565 85 70 American Can Company. Par $25 6,583 65 113 Anaconda Copper Corp., No Par 2,863 27
*23750 Arabian Gold Mines Company. Par $1.00 500 00
* 20 Bristol-Mvers 887 81 300 Kuckeve Pipe Line Co., Par $5 2,362 50 10 Chesebrough Manufacturing Co., Par $25 986 25 130 Chicago Pneumatic Tool Company, No Par 1,705 85 100 Chrvsler Corporation, Par $5 6,642 58 50 Corn Products Refining Company. Par $25 3,092 65
* 100 Dresser Manufacturing Co., No Par 1.793 75 150 General Electric Company, No Par 5,933 65 50 Gulf Oil Corporation. Par $25 1,638 65 100 The International Nickel Company of Canada.
No Par 5.293 00 70 International Shoe Company, No Par 1,890 00
* 360 Kennecott Copper Corporation. No Par 19,490 60 78 Kresge, S. S., Company, Par $10 1,834 99 75 Mathieson Alkali Works. No Par 2.165 63 100 National Lead Company. No Par 3.080 45
* 200 Royal Dutch Company, No Par 12.700 00
* 600 Socony-Vacuum Oil Company, Inc.. Par $15 . . . . 5,736 58 50 South Penn Oil Company. Par $25 1.964 92
* 125 Standard Oil Company of California, No P a r . . . 2,987 50 550 Standard Oil Company of Indiana. Par $25 14,748 28 160 Texas Gulf Sulphur Company. No Par 5.297 60
* 50 Union Oil Company of California. Par $25 . . . . 806 25
* 500 Union Tank Car Company, No Par 10.125 00 25 United Fruit Company. No Par 1,885 63
* 65 Westinghouse Electric & Manufacturing Co.. Par
$50 6.605 63 50 Woolworth. F. W.. Company. Par $10 2,536 25 Total Industrial Common Stock $ 134,704 77 Public Utility
Pacific Lighting Corporation. No Par $ 1,162 50 Southern California Edison Company, Par $ 2 5 . . 675 00 Total Public Utility Common Stock $ 1,837 50
Preferred S t o c k Shares
65 American Locomotive Co., 7%, cumulative. Par
$100 $ 5,553 54 40 Chicago, Rock Island & Pacific Railway Co., 7%
cumulative. Par $100 4,000 00 20 Chicago, Rock Island & Pacific Railway Co.,
6% cumulative, Par $100 2,000 00 14 Consolidated Edison Co., (N.Y.). 5% cumula-
tive 1,362 09 82 General Cable Corporation, 7% cumulative. Par
$100 7,337 83 600 Inland Empire Paper Company, 7% cumulative.
Par $100 60,000 00 150 International Paper Company, 5% cumulative.
Par $100 8,137 88 3 32/100 Lake Placid Company, 6% Par $100 66 40 1 F. A. Owen Publishing Co., 6%, Par $100 100 00 75 Public Service Corporation of New Jersey, $5,
Par $100 7,059 97 100 Remington Rand Inc., $4.50, cumulative. Par $25 5,718 00 112 Republic Steel Corporation, 6% cumulative, Par
$100 10,074 19
Financial
30 Exchange National Bank, Olean, N. Y., Par $100 $ 5.400 00 50 Fidelitv-Phenix Fire Insurance Co., Par $2.50.. 1,914 90 16 First Trust Company, Wellsville, N. Y., Par $100 2,000 00 40 Manufacturers Trust Company, New York City
Par $20 1.578 65 40 University Bank, Alfred, N. Y., Par $100 . . 4.000 00 Total Financial Common Stock $ 14,893 55 Total Common Stock $ 151,435 82 Grand Total Listed Securities $ 447.31 S 04 (Total Market Value of Listed Securities)
($340,147.80)
* Gifts
Real Estate M o r t g a g e s No.
1 River View Improvement Company to Alumni Associa- tion of Alfred University, 152 Robert Lane, YTonkers,
N. Y., insurance $5,000, 6%, Edith G. Love, owner . . . $ 2,970 00 75 Alfred L. Eraser and wife to Alfred University. 52
Gordon St., Y'onkers, N. Y., insurance $7,000, 6%.
Stephen Fecko, owner ' 2,656 57 86 William M. Brady to Alfred University. 118 Lee Street,
Yonkers, N. Y., insurance $4,400, 6%. Frederick F.
Weltzien, owner 3,465 00 92 Lester 1). Burdick and Grace G. Burdick to Alfred Uni-
versity, 51^4 acres of land with barn thereon, Alfred.
N. Y., insurance $1,300. 6% 891 00 98 George B. Tamraz to Stephen and Henrietta V. P. Bab-
cock, 224 Vineyard Ave.. Yonkers, N. Y., insurance
$4,000, 6%, John Mangan. owner 2.500 00 118 New Yrork Title and Mortgage Company Guaranteed
Mortgage of J. and P. Construction Company, insur-
ance $10,000, 5 V2% 8.436 25 119 First Alfred Sorority to Alfred University, Sayles St..
Alfred, N. Y., insurance $10,000, 6% 1,800 00 129 Lester H. Emerson to Alfred University, 8 Sylvan
Place, New Rochelle, N. Y.. insurance $8,000, 5% 7.595 23 133 New York Title and Mortgage Company Guaranteed
Mortgage. Philrose Building Corporation, S/E Whitelaw
St. Woodhaven, N. Y., insurance $4,000,5%% 3.473 75 134—a Sigma Chi Sorority to Alfred University, Sayles St..
Alfred, N. Y., insurance $15,500, 6% 11.233 00 135 New York Title and Mortgage Company Guaranteed
Mortgage, 267 Hart Ave., West New Brighton. Staten Island. N. Y.. insurance $8,000, 5%, Douglas Leaf and
wife, owners 7.200 00 138 Eugene Staudt and wife to Alfred University. 125
Buckingham Road. Yonkers. N. Y.. insurance $4,500.
5% 2.800 00 730 Albert Hoffman and wife to Alfred University, 287
Jessamine Ave., Yonkers. N. Y.. insurance $6,000. 0f /r . Philip C. Streb and wife, owners (Also includes lot 231
Bryn Mawr Park, Yonkers, N. Y.) 2.175 00 754 Eleanor S. O'Dwyer to Alfred University. 128 Hickory
Drive. Larch mont Gardens. N. Y.. insurance $8.000,
5V2% . . 5,350 00 772 Thomas A. Ryan to Helen Renwick. assigned to Alfred
University. 528 Van Cortland Park Ave., Yonkers. N.
Y., insurance $4,000, 6<# . Mary C. Ryan, owner 3.478 13 793 Marion C. Wiggins to Alfred University, 17 Nassau
Road. Little Neck. L. I.. N. Y., insurance $5,500. 5'/, . 4,575 00
E N D O W M E N T 79
Total Real Estate Mortgages $ 109,029 43
Real Estate Property Alfred. N. Y.
Coats Property. 8 South Main St., insurance $11,000 $ 10,000 00 Collins Property, 5 South Main St., insurance $4,000 3,619 88 Coon Property, Campus, insurance $5,000 6,081 26 Ferguson Lot, Corner South Main and West University Sts 2,000 00 Hills Property, 31 North Main St., insurance $3,500 4,835 51 Rogers Property. 17 South Main St., insurance $9,000 6,836 39 Rosebush Property, 63 South Main St., insurance $6,000 5,200 00
$ 38,573 04 Miscellaneous
Baker Lots, Nos. 1, 2, 7 and 8, Block 10. Maywood Colony, Corn-
ing, California $ 554 40 (rant Lot 11. Hudson View and Lincoln Terrace, Yonkers, N. Y.. 3,456 64 Hunter Property. 43.7 acre farm near Mabank, Texas 274 64 Larkin Property, 32 Linden Ave., North Pelham. N. Y., insur-
ance $6,000.00 9,388 41 Qualev Property. 76 Ravine Ave.. Yonkers, N. Y 2,879 77 Saltarelli Lot 27. West Roosevelt St., Yonkers, N. Y 453 30
$ 17,007 16 Total Real Estate Property $ 55,580 20
Temporary Loans
Revenue Fund . $ 197,100 00 Miscellaneous
Notes Receivable -Kappa Nu Fraternity $ 175 00 Savings Accounts——Equity Savings and Loan Company, Cleveland 678 59 University Bank. Alfred. N. Y. . . . 233 66 Total Miscellaneous $ 1,087 25 Grand Total All Investments. June 30, 1943 $ 810,114 92 Cash available for Investment. June 30, 1943 149 56 Total Cash and Investments held by Alfred University. $_J31A2M_J8 794 Thomas D. and Beulah H. Sand born to Alfred Univer-
sity, 138-40 North Main Street, Wellsville, N. Y., insur-
ance $10,000, 5% . . 10,000 00 795 New York Title and Mortgage Company. Guaranteed
Mortgage assigned to Alfred University, insurance
$8,000, 5%%, Ole A. Bentson, owner 6,054 25 796 Ella I. Crandall to Alfred University, 30 acres of land
in Town of Bolivar. N. Y., 6% 1,300 00 1320 William R. Laudy to Alfred University, 22 Farrington
Ave., North Tarrytown, N. Y., insurance $11,500, 5%. 7,880 25 1501 Mary Czarneeki to Alfred University, 701 Nepperhan
Ave.. Yonkers, N. Y., insurance $3,000, 6% 1,881 00 1512-a Bertha L. Meyer to Alfred University. 5 Purser Place,
Yonkers, N. Y., insurance $7,000, 6% 6,435 00 1519 The Park Hill Securities Corporation, six building lots,
Nos. 12-17, Yonkers, N. Y.. 5% 4,580 00
A N C I T B
Balance, July 1, 1942 ? 818,112 44 Additions
University Fund $ 30 00 Scholarship Fund 2,518 80 Profit on Securities 14 49 Miscellaneous 541 27 Total Additions $ 3,104 56 Deductions
Loss on Securities . . Loss on Real Estate Income Gift Fund . . Miscellaneous
8,210 61 1,971 16 500 00 270 75 Total Deductions $ 10,952 52 Net Decrease
Balance, June 30, 1943
7,847 96 810,264 48
R O S E B U S H F O U N D A T I O N
I N V E S T M E N T S
(Included in Schedule A-2)
B O N D S
Par Value Book Value
$ 500 00 United States of America Treasury, 2 % % . due
1955 $ 500 09 6.000 00 West Shore Railroad Company Guaranteed First
Mortgage Bonds. 4%, due 2361 5,835 00 5,000 00 165 Broadway Building, Inc., Secured Sinking
Fund Bonds, 4 1 4 - 4 1 / 2 % , due 1958 5,000 00 10,000 00 61 Broadway Building First Mortgage Sinking
Fund Gold Loan. 3V2 - 5 % , due 1950 9,975 00
$ 21.500 00 Total Bonds $ 21,316 09
S T O C K
Shares Preferred
600 Inland Empire Paper Company, 7%, par $100 $ 60,000 00 Common
50 Chrysler Corporation, par $5 $ 2.567 43 70 International Shoe Company, no par 1.890 00 60 Kenneeott Copper Corporation, no par 1,890 60 78 Kresge Company, S. S., par $10 1,834 99 75 Mathieson Alkali Works, no par 2,165 63 50 Standard Oil Company of Indiana, par $25 1.585 78 50 Texas Gulf Sulphur Company, no par 1.694 25 25 United Fruit Company, no par 1.885 63 Total Stock $ 75,514 31 Total Investments of Rosebush Foundation $ 96.830 40
Schedule A-3
A N A L Y S I S OF GROUNDS, BUILDINGS AND EQUIPMENT AS OF JUNE 30, 1943
A L F R E D U N I V E R S I T Y
TOTAL GROUNDS BUILDINGS F U R NITURE
AND FI XTURES
APPARATUS AND EQUIPMENT ALLEN LABORATORY $ 5 8 . 0 0 0 0 0 .$ $ 4 3 . 0 0 0 0 0 $ 2 . 0 0 0 0 0 $ 1 3 . 0 0 0 0 0 A L U M N I HALL 8 1 . 8 0 0 0 0 6 9 . 0 0 0 0 0 4 , 0 0 0 0 0 8 . 8 0 0 0 0 BARTLETT DORMITORY 1 6 1 , 0 0 0 0 0 1 5 0 , 0 0 0 0 0 1 1 , 0 0 0 0 0
BRICK, T H E 1 1 0 , 0 0 0 0 0 9 0 . 0 0 0 0 0 2 0 , 0 0 0 0 0 BURDICK HALL 1 9 . 5 0 0 0 0 1 5 . 5 0 0 0 0 4 , 0 0 0 0 0
C A M P U S 3 3 . 6 0 0 0 0 $ 3 0 , 8 0 0 0 0 2 , 8 0 0 0 0 CARILLON 1 5 , 0 0 0 0 0
CARPENTER SHOP . 3 . 0 0 0 0 0 1 . 5 0 0 0 0 1 , 5 0 0 0 0 FIELD HOUSE . . . 2 . 5 0 0 0 0 2 . 5 0 0 0 0
GOTHIC 7 . 0 0 0 0 0 5 , 0 0 0 0 0 2 . 0 0 0 0 0
GREENE HALL 2 2 , 0 0 0 0 0 1 9 , 5 0 0 0 0 2 , 3 0 0 0 0 2 0 0 0 0 G Y M N A S I U M 7 2 , 4 5 0 0 0 7 0 , 4 5 0 0 0 2 . 0 0 0 0 0 HEATING PLANT & SYSTEM . 1 1 4 . 1 0 0 0 0 3 , 0 0 0 0 0 1 1 1 . 1 0 0 0 0 INFIRMARY 1 5 . 6 0 0 0 0 1 0 . 0 0 0 0 0 5 . 6 0 0 0 0 KANAKADEA HALL 2 3 , 9 3 0 0 0 2 0 . 0 0 0 0 0 1 . 2 3 0 0 0 2 . 7 0 0 0 0 KENYON HALL 5 2 . 3 0 0 0 0 4 5 . 0 0 0 0 0 3 . 0 0 0 0 0 4 , 3 0 0 0 0 LIBRARY 9 1 , 0 2 0 0 0 4 5 . 0 0 0 0 0 3 , 5 2 0 0 0
MACHINE AND W O O D SHOPS 2 4 . 7 5 0 0 0 1 8 , 0 0 0 0 0 6 . 7 5 0 0 0 MERRILL FIELD 1 0 . 0 0 0 0 0 1 0 . 0 0 0 0 0
LIBRARIES M U S E U M CARILLON
1 5 . 0 0 0 T O
>
4 2 . 5 0 0 0 0
PHYSICS HALL 6 3 , 5 0 0 0 0 5 3 . 0 0 0 0 0 1 0 . 5 0 0 0 0 SOCIAL HALL 3 0 , 0 0 0 0 0 2 2 , 0 0 0 0 0 8 , 0 0 0 0 0
SOUTH HALL 7 9 . 2 0 0 0 0 7 5 . 0 0 0 0 0 4 , 2 0 0 0 0
STEINHEIM 3 0 . 8 0 0 0 0 2 0 . 3 0 0 0 0 5 0 0 0 0 1 0 . 0 0 0 0 0
TOTAL
New Building 237,050 00 171,000 00 3.240 00 61.810 00 1.000 00 Binns Hall 116,410 00 89,000 00 1.200 00 26,210 00
Total $ 354,460 00 $ 1,000 00 $ 260,000 00 $ 4,440 00 $ 88,020 00 $ 1,000 00 $ $ •>
. JH
AGRICULTURAL AND TECHNICAL INSTITUTE § Campus and Farm $ 27,000 00 $17,000 00 $ $ $ 10,000 00 $ $ $ O
Agricultural Hall 113,100 00 52,000 00 8,000 00 50,600 00 2,500 00 H<
Dairy Building 48,400 00 32,000 00 16,400 00 g
Dormitory 2,000 00 2,000 00 ^
Dwelling House _ and Garage 3,000 00 3.000 00 g
Barn No. 1 30,000 00 30,000 00 § Barn No. 2 2,000 00 2,000 00 K Farm Shops 32,740 00 12,000 00 2,000 00 18.740 00 ^
Greenhouse 12,300 00 10,800 00 1.500 00 g Hog House 2,500 00 1.500 00 1.000 00
Incubator Building . . 4,500 00 3.000 00 1.500 00 £ Poultry Plant 9,400 00 9,400 00
Garage 450 00 450 00
Livestock 6,500 00 6,500 00
Total $ 293,890 00 $17,000 00 $ 158,150 00 $10,000 00 $106,240 00 $ 2,500 00 $ $ Grand Total
(Exhibit A)
C U R R E N T F U N D S
Schedule A-4
C U R R E N T LIABILITIES AND FUNDS June 30, 1943
Alfred University College of Liberal Arts
Notes Payable
Chemical Bank and Trust
Company $ 75,000 00
Serial Notes 148,900 00 $223,900 00 Temporary Loans
Summer School Fund $ 2.500 00 Student Loan Fund 7,800 00
Endowment Fund 197.100 00 207,400 0 0 ^ J J * J o*
Restricted Funds (Exhibit B) 33,548 1 3 . Total Current Liabilities and Funds $404.848 13
Less Deficit (Exhibit C) . . , 415.745 08 . $49,103 05 School of Theology
Restricted Funds (Exhibit B) $ 199 79 Surplus (Exhibit C) 309 02 Summer School
Restricted Funds (Exhibit B) $ 9 00
Surplus (Exhibit C) 4,049 05 4.058 05 Alumni Association
Restricted Fund (Exhibit B) 9 31 Student Loan Fund
Restricted Fund (Exhibit B) 12.314 00 Total Alfred University $05,994 42 New York State College of Ceramics Income Fund
Balance in State Treasury
(As of March 31. 1943) (Exhibit B) 308 20 New York State Agricultural and Technical Institute Income Fund
Balance in State Treasury (As of March 31, 1943) (Exhibit B) 9.480 92 Current Funds (Exhibit A) $75,789 60
Schedule A-5