Page 17 - To Dragma January 1934

30 To DRAGM^ R d U A R Y . 1934 31

Exhibit I ]\J. P. C.Welcomes Two Associate
ALPHA OMICRON PI CURRENT FUNDS—BALANCE SHEET—AUGUST 31, 1933 (with attached comment*)

ASSETS

Cash in hank and on hand Members to Full Privileges

Commercial accounts $2,775.91
I^ss: Reserve f o r difference in exchange 120.25 $ 2,655.66

Savings account - 3,125.41
461.18
Officers' petty cash funds.
$ 6,242.25

Notes receivable—payable on demand 3,750.00
($2,000.00 secured by life insurance policy) 4,411.53

Accounts receivable—chapters $3,000.00
Due from X i chapter, fully reserved

Prepaid expenses -- 800.00 $15,203.78
$ 149.05
DEDUCT—LIABILITIES
2,592.00 2,741.05
Due to chapters, etc * $15,627.52
Due to Anniversary Endowment Fund of Alpha Omicron
P i before providing for income on investment thereof 3,164.79 $12,462.73
accruing to the current fund -

NET WORTH

Surplus, balance August 31, 1931 ...
Deduct: Excess of expenses over income during the bi-
ennium ending August 31, 1933, before providing f o r
income on Anniversary Endowment Fund investment
accruing to the current funds—Exhibit I I _

Exhibit I I books, d i r e c t o r i e s , 1,684.47
etc 3,809.85
ALPHA OMICRON PI Royalties on pins
CURRENT FUNDS Interest earned _ _ 868.72
$46,184.23
INCOME AND EXPENSE ACCOUNT Harriet Tuft (MA) is the The new chairman of N.P.C. N. P. C.'s treasurer is Mrs.
FOR T H E BIENNIUM ENDING $12,767.60 new N.P.C. secretary. is Gladys Redd (KA). Ansel F. Hemenway (AAO).
A U G U S T 31, 1933 3,527.37
(with attached comments) Deduct—Expenses 3,433.46
Income ' 8,247.76
Salaries and expenses 2,000.00
Grand Council dues, —central office 4,840.32
Expense of officers 772.38
after t r a n s f e r r i n g Special aid to chapters 2,364.15 -f. W H E N HUTH run NATIONAL PANHKI.I.KNK and Anne Jeter Nichols, Secretary. A t one of
8,225.73 the early sessions the two associate members,
convention tax and Printing and publish- 50.00 I Congress and the Interfraternity Council Beta Sigma Omicron and Phi Omega Pi,
3,000.00 ronvened in Chicago f r o m October 12 to 14, were welcomed into the full membership of
To DRAGMA appro- ing To DRAGMA 12025 Die Palmer House became the headquarters of the Congress.
the largest group of fraternity leaders ever
priation $19,823.00 Scholarships paid $49,349.02 assembled. Despite the fact that the associa- Among the outstanding reports given at this
National pledge fees tion of the two was purely social, culminating meeting was that of Miss Louise Leonard of
and life s u b s c r i p - National social service % 3,164.79 in an impressive banquet at which Mrs. Amy Alpha Gamma Delta. Miss Leonard empha-
work Parmelee, editor of the Trident of Delta Delta sized the fact that the time had come f o r the
tions to To DRAGMA, Investigating and in- Delta, jointly presided with Dr. Wieland of organization to introspect, analyse its pur-
c o l l e c t e d for and Delta Tau Delta, the coinciding of the two poses, and accept the challenge f o r construc-
transmitted to Anni- stalling new chapters conventions emphasized the wide scope and tive thought and action expected of fraternity
Purchases of supplies- common purpose of both organizations. leaders today. The report was received enthu-
versary Endowment Convention .... I The twenty-third National Panhellenic Con- siastically, and much interest manifested in
Fund $16,390.00 gress opened Thursday morning with Mrs. the recommendations that in the future the
Panhellenic dues Jlader, president of Phi M u , presiding f o r the Congress concern itself, not with the minor
thairman, Mrs. Prince ( * M ) , who unfortu- details of routine, but with the intelligent in-
Accounting services Provision for uncol- nately was i l l and unable to attend. Twenty- terpretation of the principles of the fraternity
lectible X i account.... frne active and two associate delegates, as well system, its usefulness and value.
paid for and billed Provision for differ- Is many visiting fraternity officers were pres-
to chapters $ 2,692.50 ent. Alpha Omicron Pi was represented by A proposed model constitution f o r College
ence in Canadian ex- Pinckney Estes Glantzberg, N . P. C. delegate, Panhellenics was presented as well as the re-
change Mary Dee Drummond, Second Vice President, port of the committee on the method of elec-
Convention tax 8,778.50 Wilma Smith Leland, Editor of To DRAGMA, tion of the N . P. C. Executive Committee.
1,322.98 The decision of the meeting was that the pres-
Fees f o r installing new
chapters 5,201.50
To DRAGMA—appropri-
ation of dues, sub- 4,251.71 Excess of expenses
scriptions, advertis- 443.50 over income b e f o r e
ing, and fines providing for in-
National social service come on Anniversa-
work — contribu- ry Endowment fund
tions and magazine investments accruing
subscriptions .- to the Current Funds
Fines - — —Exhibit I

Sales of supplies, song