z. 014 013 363 2 ^ Hollinger pH S3 MmRunH)3.2193 F 74 .CI C38 Copy 2 REPORT %,xmiu^ oi the liiibsciiption Juird FOR THE BENEFIT OF CAMBRIDGE VOLUNTEERS. I) CAMBRIDGE: PRESS OF JOHN FORD, HARVARD SQUARE. 1 863 . p ; EEPORT OF THE TRUSTEES. In conformity with the recommendation of the committee to whom was referred the subject of considering what disposition ought to be made of the balance of the Subscription Fund for Vdunteers, above the ten thousand dolhxrs ah-eady appropriated for Life policies, viz., " That the Trustees report yearly to the Subscri- bers the condition of the ^Fund and the appropriations made from it," which recommendation was, by a vote of the Subscribers, adopted at the meeting held Sept. 12th, 1862, the Trustees of the Subscription Fund for the Cambridge Volunteers, beg leave to make the following report. In order to render the course of action of the Trustees more intelligible; it is proper to recapitulate briefly the leading facts in thehiltory of the Association of the Subscribers to the Fund for the benefit of Cambridge Volunteer., previous to, and at the time of the appointment of the Trustees. The first movement for col- lecting the Fund was made in July, 1862, for the purpose of obtaidng the means for insuring the lives of Cambridge Volunteers. The success of the undertaking was such that by the middle of August more than $25,()()0 were secured, an amount much greater than was required for the purpose of insurance. At the first meeting of the Subscribers, Aug. 22d, 1862, it was voted " to appro- priate $10,000 for procuring policies of life insurance," and a committee of five - the Mayor, Messrs Raymond, Cushing, Tyler, and Davis — was appointed to attend to this business. A seconcJ committee of three — Messrs Hougliton, Beck, and J. Warreir. IMerrill — was appointed at the same meetings to consider what disposition ought to be made of the balance of the Subscrip- tion above the $10,000, The committee on insurance adopted, Au"-. 27th, 18G2, a Kst of one hunxired and seven persons whose- lives were to be insured at the New England Mutual Life Insurance Company, and authorized the Secretary to make the necessary application at the office of that Insurance company. At a subse- quent meeting of the Subscribers, Sept. 12th, 18G2, the committee to whom was referred the subject of considering what disposition ought to be made of the balance of the Subsci-iption Fund above the $10,000 appropriated for procuring policies of life insurance, made their report, which was, with some amendments and slight alter- ations, adopted. The principal recommendations of the report were^ — that the balance of each annual mstahiient, not required for policies of life insurance, is to be put into the hands of seven Trustees., chosen by the Subscribers from among their own number, one, at least, from each ward, who are authorized to offer such sum to the City of Cambridge as a loan on call at six per cent, interest, or tc invest it otherwise on ample security at the best rate they cait obtain: — that the interest of this Fund is to be appropriated for the direct assistance of such persons as the Trustees niay consider- deserving ; and the whole Fund is, at the expiration of the war, to- be appropriated for the purchase of Life Annuities, or such other- permanent ])rovision, as may seem best to the Trustees, of sick and disabled soldiers who have been in the military or naval service of the United States, and also of the widow, child or children, or parent, who may be left destitute by the death of the husband, father, or son, or s'.ich other persons as may have been dependent upon the deceased soldier for suppoi't ; — that a committee of ladies,, three or more from each ward, is to be appointed to aid the Trustee* in procuring trustworthy information on which to base their action ; — and, tinally, that the Trustees report yearly the oondition of the Fund, and the appropriations made from it ; that they may, at any time, call a meeting of the Subscribers, and, upon the application of one-third of the Subscribers, shall call a meeting. The Trustees, seven in number — Charles' Beck, J. "Warren Merrill, Thomas Dana, Geo. Livermore, H. O. Houghton, John C. Dodge, and S. S. Sleeper — were chosen. At the same meeting two other votes were passed, one, "that the Insurance committee pass over the policies to the Trustees, who shall take charge of them and pay the premiums from time to time as they may become due ; " and the other, " that such of the policies as the committee deem proper, be made payable to the chairman of the Trustees, or such member of the board of Trustees as they may designate, for the benefit of the parties for whom they were inttnided." The board of Trustees met and organized Sept, 12th, 1862, and at the same time voted to loan the balance of the Fund, as soon as the same should be paid by Mr. Jos. Whitney, acting as Treasui-er of the Subscribers, to the City of Cambridge on call at six per cent. The Declaration of Trust, drawn up by John C. Dodge, and reported to the Trustees, Sept. 29th, 1862, and adopted by the same, was, at a meeting of the Subsci'ibers, Oct. 3d, 1862, commu- nicated, and, according to a vote of the Subscribers, deposited with the Treasurer of the City. At the same meeting the Subscribers voted " that Mr. Jos. Whitney be requested to pay the balance in his hands, amounting to $10,00o.4y, to the Trustees." It will be apparent to the Subscribers, from the foregoing state- ment that the duty of the Trustees is a threefold one; 1st, to take charge of the policies procured by the Insurance committee, to pay the premiums from time to time as they may become due, and to apply the insurance of deceased soldiers in such a manner that the persons for whose benefit the policies were obtained may derive the greatest possible advantage ; 2d, to appropriate the interest of that portion of the Fund, which is left, after the payment of the annual premiums for the policies, for the direct assistance of such persons as the Trustees may consider deserving; and 3d, to appropriate the whole Fund, at the expiration of tlie war, to the purchase of Life Annuities, or such other permanent provision as may seem best to the Trustees, for sick and disabled soldiers who have been in the military or naval service of the United States, and also for the widow, child or children, or parent, who may be left destitute by the death of the husband, father, or son, as the case may be, or such otlier person as may have been dependent upon the deceased soldier for support, or to whose suj^port said deceased soldier may have heretofore regularly contributed. The action of the Trustees has, during tlie past year, of course, been limited to the first two objects. 1st. Life Insurance policies. The Insurance committee having- voted, Aug. 27th, 18G2, to insure the lives of one hundred and seven volunteers, at the New England Mutual Life Insurance Office, in Boston, paying the premium of insurance of one of them, who had effected an insurance at another office, the necessary payment was made. Twelve policies have become due, in consequence of the death of the insured, during the i)ast year, and been paid : and the amount of $6,000 has thus been distributed among twelve families who have lost their husband, father, or son. In compliance with a vote of the Subscribers, passed at the meetinir, Sept. r2th, 1802, viz., "That such of the policies to be issued on the lives of soldiers as the committee deem proper, be made payable to the chairman of the Trustees, or such member of the board of Trustees as they may designate ; the said policies to be assigned and delivered to the [)arties for whose benefit they were intended, or held and collected by said Trustees, and applied to the benefit of such parties in such manner as such Trutsees may deem best, or as such Trustees, in such instances may deem most expe- dient," the Trustees voted, at their meeting, Sept. 13th, 1862, " that the policies be made payable to Charles Beck, Chairman of the board of Trustees ; " and have in each case, after careful inves- tigation of the circumstances, appropriated the proceeds in such manner as seemed to them for the real and permanent benefit of the parties interested. The Trustees voted, July 25tli, 1863, " that tlie Finance com- mittee be, and they hereby are, authorized to renew the maturing policies of insurance on the lives of soldiers as they may from year to year mature, and to pay the premium on the same ; " and the Finance committee accordingly attended to this duty lor the ensuing year. The Trustees adopted the principle of paying the premium of insurance in cases of soldiers who have been disabled while in the service of the United States. In conformity Avith this principle the policies of two discharged and disabled soldiers were continued, exclusive of the war risk. Other discharged soldiei's have the privilege of retaining their policy by paying themselves the suc- ceeding premiums as they fall due. 2d. Direct assistance of soldiers and their families. As soon as the first interest on the money loaned to the City became due, the Trustees attended to this branch of their duty. The first step was to appoint, June l!)th, lSf)3, the Ladies' committee, as authorized by a vote of the Subscril)ers. The Trustees selected fifteen ladies, three from each ward, who. with one exception, expressed their readiness to perform tlie duties assigned to them. They were : Wiird 1. Miss Bowen, Miss Gary, Mrs. H. W. Paine ; Ward 2. Mrs. Albert Vinal ]Mrs. W. W. Wellington, Miss Wheeler ; Ward 3. Mrs. L. Marrett, Mrs. J. R. Knight, Miss Mary Parmenter ; AYard 4. Mrs. Dr. Morse, Mrs. S. P. Teele, Miss Mary Harris ; Ward 0. Mrs, Sage, Mrs. Oliver Taylor, Miss Presby. At the same meeting a statement of the duties of the Visiting committee of Ladies, reported by Hon. J. C. Dodge, was approved and ordered to be printed and distributed among the ladies of the committee. A joint meeting of the Trustees and the Ladies' com- mittee was appointed for June 27th, 1863, at which the plan of operation was discussed, and the ladies completed their own organ- ization. At the meeting of the Trustees, July 25t]i. 1863, it was voted : " that the sum to be appropriated in aid of sick and wounded soldiei's, or their families, shall not exceed, at any one time, the sum of ten dollars." Assistance has been thus furnished in seven cases, each ease having been carefully investigated and reported upon by the respec- tive sub-committees of the ladies. For the Trustees, CHARLES BECK. Chairman. Cambridge, Oct. dlst, 18Gc>. LIST OF SUBSCRIBERS TO THE FUND FOR CAMBRIDGE VOLUNTEERS. Charles Beck, $2,000 William F. Stearns, 2,000 Luke Carter, 1,000 George Livermore, 1,000 J. P. Melledge, 1,000 J. Warren Merrill, 1,000 Richardson, Deane & Co , 1,000 J. M. S. Williams, 1,000 Richard M. Hodges, 600 Thomas G. Appleton, 500 Thomas Dana, 500 David Humphrey, 500 Henry W. Longfellow, 500 William Read, 500 Alan son Bigelow, 300 Samuel Batchelder, 300 Charles Cushman, 300 Curtis Davis, 300 Eben M. Dunbar, 300 John C. Dodge, 300 Henry 0. Houghton, 300 Lewis Hall, 300 Charles L. Jones, 300 Lucius A. Jones, 300 Charles C. Little, 300 Nathaniel G. Manson, 300 Charles E. Norton, 300 C. H. P. Plympton, 300 Samuel B. Rindge, 300 S. S. Sleeper, 300 Arthur Wilkinson, 300 P. Francis Wells, 300 WiUard Phillips, 250 George L. Ward, Jared Sparks, George W. Abbott, Mrs. E. H. Blatchtbrd, Charles F. Choate, Charles W. Eliot, David B. Flint, Rob. O. Fuller, Gardiner G. Hubbard, Estes Howe, J. Russell Lowell, Samuel F. Nay, Louis Agassiz, Stephen G. Davis, Henry R. Glover, Edward W. Kinsley, George Meacham, Theo. Parsons, Robert B. Storer, Emory Washburn, James S. Whitney, Warren Bacon, George W. Colburn, Levi Conant, Charles H. Cummings, Charles Davenport, Alexander Dickinson, Ezra C. Dyer, George L. Foote, Charles C. Foster, John C. Gray, Joseph Goodnow, H. R. Harding, 250 250 200 200 200 200 200 200 200 200 200 200 150 150 150 150 150 150 150 150 150 100 100 100 100 100 100 100 100 100 100 100 100 10 A. E. Ilildreth, 100 Wm. P. Butterfield, 50 Edward Hixon, 100 F. L. Chapman, 50 Avery F. Howe, 100 Hosea Clark, 50 Edward Hyde, 100 Edward R. Cogswell. 50 George Lucy, 100 Richard H. Dana, Jr., 50 J. N. Merriana, 100 Eliphalet Davis, 50 Mrs. A. L. Mering, 100 Charles Eaton, 50 Joel Parker, 100 S. T. Farwell, 50 0. Pickering, 100 P. F. Folsom, 50 Geo. C. Piper, 100 A. T. Frothingliara, 50 Henry C. Rand, 100 Miss Mary Harris, 50 Z. L. Raymond, 100 H. N. Ilovey, 50 Chas. Theo. Russell, 100 J. S. March, 50 Solomon Sargent, 100 Arthur Merrill, 50 Benjamin G. Smith, 100 Lucius R. Page, 50 Eben Snow, 100 J. Stacy Read. 50 Henry Thayer & Co., 100 Edward Richardson, 50 J. A. WelUngton, 100 Wm. T. Richardson, 50 J. C. Wellington, 100 Nathaniel D. Sawin, 50 E. P. Whitman, 100 Wm. V. Spencer, 50 Wm. L. Whitney, 100 D. H. Thurston, 50 Joseph E. Worcester, 100 J. H. Tyler, 50 Frederick Gould, 75 Moses Warren, 50 Augustus Russ, 75 0. W. Watris, 50 Allen &, Endicott, 50 John Conlan, 25 Richard F. 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