OCR Text |
Show LEGION'S DEBTS ARE REDUCED Claims Against Organization Have Been Lowered $30,000 Per Month, Treasurer Announces. The reduction of the indebtedness of the American Legion from 5343,048 to $197,214 in five months, or at the rate of approximately $30,000 a month, has been announced by Robert H. Tyndall. national treasurer, at Indianapolis. His statement covers the indebtedness up to June 30. The high mark of $343,648 was reached on January 31, and since then there has been n steady reduction of the deficit. In a previous announcement announce-ment Mr. Tyndall declared that the Legion's Le-gion's old indebtedness of $257,000, borrowed last summer for preliminary organization work, had been paid in full. The treasurer's books show that the indebtedness of $197,214 outstanding on June 30 is offset easily threefold by the assets of the American Legion. The deficits at the end of the first six months of the year are shown in tte following table. January 31. $343,048.13; February 29, $294,1S3.S8: March 31, $250,963.01; April 30, S23S.254.47 ; May 31. $240,050.-91; $240,050.-91; June 3' $197,214.22. |