interest in the James R. Roosevelt property could not be
sold to the best advantage at this time and recommended
that no efforts be made to sell it.
 
                           II. BANK BALANCES.
 
            In addition to the securities on hand in the Custodian
Account as reported at the last meeting, the following bank
balances as of July 20 were reported:
 
            City Bank Farmers Trust Company,
                     Principal Account.............$       50.43
 
            City Bank Farmers Trust Company,
                     Income Account
                     (June 30, 1948)..............      6,349.50
 
            Fulton Trust Company, Principal
                     Account....................      115,633.91
 
            Fulton Trust Company, Income Account...     6,735.13
 
            Bankers Trust Company..................     2,866.25
 
            III. DISTRIBUTION OF INCOME TO LIFE BENEFICIARY FOR SECOND
                               QUARTER OF 1948.
 
            It was recommended that the distribution of income to Mrs.
Roosevelt for the second quarter of 1948 be the same as for
the first quarter, i.e., $7,500.00. After considering the
income balance on hand and estimated charges against
income, it was unanimously decided to distribute $7,500.00,
with the understanding that any adjustments in income would
be made and reflected in the payment for the final quarter
of the year. A check for $7,500.00 drawn to Mrs. Roosevelt
on the Income Account at Fulton Trust Company was
accordingly signed by the three Trustees.
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