RESOLUTION FAVORING INCREASE OF CAPITAL STOCK Following is a copy of resolution unanimously passed by the board of directors of the Firemen's Insurance Co. of Washington and Georgetown, at a regular meeting held June 22, 1931: "Whereas competition in the underwriting of fire insurance within the District of Columbia has become very keen, and fire insurance companies doing business therein are utilizing every available source of premium income in order to increase their earnings; and "Whereas, the president and directors of the Firemen's Insurance Co. of Washington and Georgetown are empowered by their charter to insure property against damage or loss by fire only, and are desirous, in order to compete equally with other fire insurance companies, of having their charter so amended as to authorize them to insure and reinsure risks in all the various forms authorized by the act of March 4, 1922, section 3, and the Code of Laws for the District of Columbia, to wit: "First. On marine risks as described in section 1 of this act under the definition of 'marine insurance.' "Second. On property and rents and use and occupancy, against loss or damage by fire. lightning, tempest, earthquake, hail, frost, snow, explosion (other than explosion of steam boilers or flywheels), breakage or leakage of sprinklers or other apparatus erected for extinguishing fires, and on such apparatus against accidental injury; and against liability of the insured for such loss or damage; and on automobiles against loss or damage from collision or theft, and against liability of the owner or user for injury to person or property caused by his automobile. "Third. Against bodily injury or death by accident, and against disablement resulting from sickness, and every insurance appertaining thereto, including quarantine and identification. "Fourth. Against liability of the insured for the death or disability of another. "Fifth. Against loss of or damage to property resulting from causes other than fire, marine, and inland navigation hazards, and against liability of the insured for such loss or damage, and on motor vehicles against fire, marine, and inland navigation hazards, and against personal injury and death, and liability of the insured therefor, from explosions of steam boilers and engines, pipes and machinery connected therewith, and breakage of flywheels or machinery, and to make and certify inspections thereof; and against loss of use and occupancy from any cause; against loss by burglary, theft, and forgery. "Sixth. Against loss or damage from failure of debtors to pay their obligations to the insured. "Seventh. Against loss from encumbrances on or defects in titles. "Eighth. Against loss or damage by theft, injury, sickness, or death of animals, and to furnish veterinary services. "Ninth. Against any loss or liability arising from any other casualty or hazard not contrary to public policy, other than that appertaining to or connected with (1) life insurance (including the granting of endowments and annuities), and (2) fidelity and surety bonding. "Whereas, the president and directors of the Firemen's Insurance Co. of WashIngton and Georgetown are desirous of increasing the capital stock of the said company to an amount not to exceed $1,000,000, par value of each share to be $20: Now, therefore, be it "Resolved, That the finance committee of the said the president and directors of the Firemen's Insurance Co. of Washington and Georgetown be, and it hereby is, authorized and directed to take all such actions as it may deem necessary to effect the proposed amendment to the charter of the said company and the increase of its capital stock, as aforesaid." SPECIAL MEETING OF STOCKHOLDERS, TUESDAY, JULY 7, 1931 Pursuant to notice published in public press, a special meeting of the stockholders of the Firemen's Insurance Co. of Washington and Georgetown, in the District of Columbia, was called to order at 12 o'clock noon, in the office of the company, located at 303 Seventh Street NW., Washington, D. C., by William M. Hoffman, president of the company. On motion duly made and seconded, William M. Hoffman was elected chairman of the meeting and Benjamin Warder Thoron the secretary. The following stockholders were present: Edward C. Baltz, M. J. Burrows, Millard T. Dixon, James N. Fitzpatrick, jr., Parke A. Galleher, William M. Hoffman, William M. Hoffman, jr., V. Manning Hoffman, Charles G. Hoffman, Albert W. Howard, Hugh M. Howard, Maj. Samuel L. Howard, Schuyler S. Symons, Benjamin W. Thoron, and James M. Woodward. The chairman read and explained the resolution to amend the company's charter and stated that a copy of said resolution, together with circular letter and proxy, had been sent to each stockholder by registered mail to his, her, or their last known address. Mr. Burrows asked about the disposal of the proposed additional stock. The chairman informed him that that would be a matter for future consideration. Maj. Samuel L. Howard inquired about the coverages contained in the "6-point warranty." This was explained by the chairman. The polls were declared opened at 12.15 p. m. and a vote was taken on the resolution. REPORT OF JUDGES We, the undersigned judges, duly appointed to supervise the counting of ballots for and against the resolution which was unanimously passed by the board of directors of the Firemen's Insurance Co. of Washington and Georgetown, in the District of Columbia, at a regular meeting held June 22, 1931, for the purpose of amending the charter of the company to permit it to underwrite additional forms of insurance and to increase its capital stock, do hereby certify that the number of votes cast was 3,545 in person and 5,982 by proxy, making a total of 9,527 votes cast in favor of the resolution. There were no votes cast against the resolution. JAMES M. WOODWARD, SCHUYLER S. SYMONS, Judges. The chairman declared that the resolution was unanimously adopted. On motion of Mr. Charles G. Hoffman, seconded by Mr. James N. Fitzpatrick, jr., the meeting was adjourned at 12.56 p. m. BENJAMIN WARDER THORON, Secretary. We, William M. Hoffman, president, and Albert W. Howard, secretary, of the Firemen's Insurance Co. of Washington and Georgetown, do hereby certify that the minutes attached hereto are the minutes of the special meeting of the stockholders held on Tuesday, July 7, 1931. Given under our hand and seal this 4th day of December, 1931. [SEAL.] President. ALBERT W. HOWARD, Secretary. O FEBRUARY 24 (calendar day, FEBRUARY 29), 1932.-Ordered to be printed Mr. LA FOLLETTE, from the Committee on Manufactures, submitted the following REPORT [To accompany S. 3696] The Committee on Manufactures, to whom was referred the bill (S. 3696) to provide for cooperation by the Federal Government with the several States in relieving the hardship and suffering caused by unemployment, and for other purposes, having considered the bill and report favorably thereon with amendments: On page 4, line 16, after the word "shall," insert the words "through its governor. On page 4, line 19, after the word "board," insert the words "and the board shall take action within ten days after its submission." On page 4, line 19, at the end of section 5, insert the following: In any State having a State department of welfare or charities such department shall administer the funds provided by this act, except that in any State in which, in accordance with the law of the State, there has been set up a special emergency organization for the administration of relief, such special State agency may be the administrative agency of the State under this act: Provided, That in any State where no state-wide board of charities exists, or no special emergency organization has been set up, the amount allotted to any State shall be distributed by the action of the governor and the State board constituted for controlling the financial affairs of such State, if such board exists; and if it does not exist, by the governor. On page 5, line 24, strike out the numeral "1" and insert the numeral "8". The bill proposes that the Federal Government shall aid "in furnishing relief and work to the needy and distressed people residing in the several States and in relieving the hardship resulting from unemployment." The Federal contribution toward the cost of State and local relief activities is fixed at $375,000,000, to be available for two years and subject to the limitation that not over $250,000,000 shall be expended before the end of the calendar year 1932. In addition, the bill proposes to expand the Federal public-works program by authorizing the appropriation of $375,000,000 as an additional contribution to the cost of Federal-aid highways. Not more than $125,000,000 is to be expended for this purpose during the present fiscal year ending June 30, 1932. The relief fund, after deduction of Federal administrative expenses, is to be apportioned by the Secretary of the Treasury in accordance with the population of the several States. The maximum available to each State is shown in the following table: $1,098, 029.00 864, 600.00 11,896, 651. 00 $549, 014. 50 1, 407, 205.50 92,990, 50 475, 167.50 4, 127, 098, 00 432, 300.00 12,855, 206. 00 3,237, 554.00 695, 294.00 6,787, 751. 50 2,446, 888, 00 974, 026.00 9,835, 743.00 702, 096. 50 1,775, 665.00 707, 5.53.00 2,672, 084.00 5,948, 326.00 518, 624.00 367, 242.00 2,473, 247.00 1,596, 573.50 1,765, 901.50 3,001,376 00 230, 352.00 Grants may be made to the several States up to the maximum amounts set forth in this table. Any State applying is required to certify through its governor "the necessity for such funds" and must submit a plan to carry out the purposes of the act. These plans are subject to the approval of a Federal emergency relief board upon which is imposed the duty of receiving applications from the States and of passing upon grants, subject to the requirement that it must act within 10 days. The Federal emergency relief board is to consist of four members to be appointed by the President, by and with the advice and consent of the Senate, subject to the requirement that not more than two members shall be from the same political party. The members of the board are to serve without salary but are to receive their traveling expenses and a per diem compensation of $25 while engaged upon the board's work. The limited administrative functions of the board are to be delegated to the Chief of the Children's Bureau of the Department of Labor, who is made the executive officer of the board. The life of the board is definitely limited to not over two years, and it is required to submit and publish monthly a report showing its activities and expenditures and the condition of the fund administered by it. The amount advanced to the States for relief purposes is made reimbursable to the Federal Government, according to the terms of the bill, "by making annual deductions, beginning with the fiscal year 1937, from moneys payable under regular apportionments |