Friendly finance

A check for $50,000, the largest amount ever negotiated through the Institute´s treasury, was handed to Chairman T. Commerford Martin on March 21, and represented the contribution of the Westinghouse companies to the building funds of the three founder societies. It was delivered to Chief Clerk Macnabb on March 25 and deposited the same day in the Fifth Avenue branch of the Farmers´ Loan and Trust Company. Two checks each representing one third of the amount were sent to Treasurer Hamilton to be signed, and on March 26 were delivered to the American Society of Mechanical Engineers and the American Institute of Mining Engineers. Mr. Martin has been a most enthusiastic advocate of the belief that the large manufacturing companies owe much of their success to the work of the national engineering organizations. The phenomenal growth of the Land Building and Endowment Fund proves that his faith and work make a winning combination.