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Home My WebLink About09-07-79 (2) COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION No. 21-78-448 ESTATE OF FLORENCE G. RIDENOUR, Deceased Late of the Borough of Carlisle FIRST AND FINAL ACCOUNT OF FARMERS TRUST COMPANY, EXECUTOR Date of Death: August 12, 1978 Letters Granted: August 22, 1978 First Complete Advertisement of Grant of Letters: September 15, 1978 Account Stated to September 7, 1979 SUMMARY & INDEX Pages PRINCIPAL Receipts Net Loss on Conversions 2 2-5 541,548.57 3,494.38 Less Disbursements 538,054.19 35,877 .18 502,177.01 180,000.00 5 Less Distributions to Beneficiaries 5 Principal Balance Remaining INCOME Receipts Less Disbursements 5-6 6 23,645.32 1,579.27 Less Distributions to Beneficiaries 22,066.05 6,000.00 6 Income Balance Remaining COMBINED BALANCE REMAINING Lj8l~ (,.~. 66t.il ..;'.1 Ir<,,~ J 322,177.01 16,066.05 ~=~~~:!:~~~,;Q~ COMPOSITION OF NET BALANCES PRINCIP AL 700 shs. American Telephone & Telegraph Co. 600 shs. Colgate Palmolive Co. 1000 shs. Eastman Kodak Co. 250 shs. Exxon Corp. 400 shs. General Electric Co. 800 shs. General Foods Corp. 400 shs. Nabisco 500 shs. RCA Corp. 800 shs. Standard Oil of Indiana Cash TOTAL PRINCIPAL INCOME Cash PRINCIPAL RECEIPTS Inventory Filed Per Copy of Inventory Attached Subsequent Receipts 11/30/78 Final Settlement Teachers Retirement System Total Principal Receipts PRINCIPAL CONVERSIONS INTO CASH 9/7/78 $900 par American Tel & Tel Deb. 8.75% 5/15/2000 Proceeds 909.45 Inventoried at 913.22 9/26/78 5M par U.S. Treas. Notes 7.375% 2/15/81 Proceeds 4,871.88 Inventoried at 4,905.47 9/26/78 10M par U.S. Treasury Bond 3.50% 2/15/90 Proceeds 7,756.25 Inventoried at 7,612.50 9/26/78 5M par U.S. Treasury Bond 4.25% 5/15/85 Proceeds 4,031.25 Inventoried at 4,071.88 9/26/78 $15,500 par U.S. Treasury Bonds 3.25% 6/15/83 Proceeds 12,651.88 Inventoried at 12,739.06 2 lIGi.R 84:,,_ G I'U Gain 143.75 42,831. 25 12,675.00 65,750.00 11,742.19 22,450.00 27,325.00 10,262.50 15,734.38 40,925.00 72,481. 69 g=~~~:!~bb~Q~ g==1~:!Q~~~Q~ 541,368.48 180.09 g=~~1:!~~~~~b Loss 3.77 33.59 40.63 87.18 9/26/78 10/10/78 10/10/78 10/10/78 10/10/78 10/10/78 10/10/78 10/10/78 10/10/78 10/10/78 10/10/78 10/10/78 10/10/78 10M par U.S. Treasury Notes 6.25% 8/15/79 Proceeds 9,775.00 Inventoried at 9,825.00 672 shs. Allegheny Power Systems Proceeds 11,889.37 Inventoried at 12,327.00 200 shs. Cone Mills Corp. Proceeds Inventoried at 5,138.57 4,906.25 200 shs. Consolidated Natural Gas Co. Proceeds 7,449.74 Inventoried at 7,568.75 600 shs. Diamond Shamrock Corp. Proceeds 14,996.49 Inventoried at 14,831.25 200 shs. Duquesne Light Co. Proceeds Inventoried at 100 shs. Equitable Gas Co. Proceeds Inventoried at 3,366.88 3,550.00 3,536.25 3,503.13 121 shs. General Public Utilities Corp. Proceeds 2,217.24 Inventoried at 2,280.09 105 shs. Getty Oil Co. $1.20 Pfd. Proceeds 1,854.30 Inventoried at 1,896.56 350 shs. Greyhound Corp. Proceeds Inventoried at 4,641. 58 4,812.50 200 shs. Hanover Insurance Co. Proceeds 5,739.00 Inventoried at 6,050.00 200 shs. International Harvester Co. Proceeds 7,968.73 Inventoried at 7,750.00 100 shs. Kaiser Aluminum Chemical Corp. Proceeds 3,487.25 Inventoried at 3,471.88 3 lljj~~ ~4 t,,~ 67.1.. 50.00 437.63 232.32 119.01 165.24 183.12 33.12 62.85 42.26 170.92 311.00 218.73 15.37 10/10/78 10/10/78 10/10/78 10/10/78 10/10/:78 10/10/:78 10/10/78 10/10/78 10/10/78 10/11/78 10/11/78 10/11/78 10/12/78 100 shs. Libbey Owen Ford Glass Co. Proceeds 2,707.90 Inventoried at 2,643.75 94 shs. J. Ray McDermott Co. $2.20 Pfd. Proceeds 2,988.25 Inventoried at 2,931.63 100 shs. National Tea Co. Proceeds Inventoried at 472.70 481.25 94 shs. J. Ray McDermott Co. $2.60 Pfd. Proceeds 2,813.87 Inventoried at 2,878.75 150 shs. New England Telephone & Telegraph Co. Proceeds 5,019.88 Inventoried at 5,165.63 450 shs. Quaker Oats Co. Proceeds Inventoried at 11,245.05 11,460.94 650 shs. Sears, Roebuck & Co. Proceeds 14,724.50 Inventoried at 15,742.19 255 shs. Tri-Continenta1 Corp. Proceeds 4,882.98 Inventoried at 5,036.25 90 shs. United Technologies $7.32 Pfd. Proceeds 10,963.32 Inventoried at 12,240.00 15M par Carlisle Borough General Ob. 4.10% 7/15/80 Proceeds 14,490.00 Inventoried at 14,700.00 10M par City of York Gen. Ob. 5% 1/15/87 Proceeds 9,328.30 Inventoried at 9,300.00 20M par Lehigh Co. Comm. College 4.70% 1/15/83 Proceeds 19,104.00 Inventoried at 19,200.00 25M par Pa. State Highway & Bridge 4.05% 12/15/82 Proceeds 23,301.50 Inventoried at 23,000.00 4 LI~L;~ ~4: t1 _ '0/,1.. 64.15 56.62 8.55 64.88 145.75 215.89 1,017.69 153.27 1,276.68 210.00 28.30 96.00 301. 50 11/27/78 6/28/79 $500 par u.s. Treasury Bond 3.25% 6/15/83 Proceeds 398.13 Inventoried at 410.94 Personal Property Proceeds Inventoried at 65.00 75.00 Totals 1,259.10 Net Loss Transferred to Summary 8/21/78 8/22/78 8/25/78 8/29/78 9/1/78 9/8/78 9/21/78 9/29/78 10/31/78 12/22/78 12/29/78 4/11/79 5/2/79 7/13/79 PRINCIPAL DISBURSEMENTS Kenneth Guistwite, M.D., balance due Register of Wills, Letters Testamentary and Short Certificates The Evening Sentinel, advertising Letters Testamentary Cumberland Law Journal, advertising Letters Testamentary Hoffman Funeral Home, balance due York Road Medical Center, balance due MGM Pharmacy, balance due Westminster Cemetery, Inc., lettering monument Ann Mockaitis, therapeutic treatment Kenneth Guistwite, M.D., balance due James R. Humer, Esq., partial attorney fee Notary fee Register of Wills, filing Inventory and Debts and Deductions Notary fees Elizabeth Schiffman, appraisal of personal property Internal Revenue Service, Income Tax due Pa. Department of Revenue, Income Tax due Register of Wills, Certified Copy of Will Register of Wills, Short Certificate Reserved: James R. Humer, Esquire, balance attorney fee Farmers Trust Co., commission Closing and Filing Costs Total Principal Disbursements 9/26/78 1/22/79 PRINCIPAL DISTRIBUTIONS TO BENEFICIARIES Gift to Ohio Northern University prior to death Teachers College, Columbia University First Evangelical Lutheran Church Ohio Northern University Total Principal Distributions 8/18/78 9/7/78 9/18/78 9/26/78 INCOME RECEIPTS Interest, U.S. Treasury Note 7.375% 2/15/81 Interest, U.S. Treasury Bond 3.50% 2/15/90 Interest, U.S. Treasury Note 6.25% 8/15/79 Dividend, Kaiser Aluminum & Chemical Corp. Interest, AT & T Deb. 8.75% 5/15/2000 Dividend, Libbey Owens Ford Glass Co. Interest, U.S. Treasury Note 6.25% 8/15/79 Interest, U.S. Treasury Note 7.375% 2/15/81 Interest, U.S. Treasury Bond 3.50% 2/15/90 Interest, U.S. Treasury Bond 4.25%~ 15/85 Interest, U.S. Treasury Bond 3.25% 6/15/83 liGi.R (," . ' ,-,"1 r ,','- V,'t.S 5 12.81 10.00 4,753.48 g==~~~2~,;~~ 73.00 100.00 16.65 18.00 3,173.00 25.00 8.11 60.00 8.00 25.00 10,000.00 1.00 6.00 4.00 10.00 178.00 100.00 2.00 1.00 5,909.21 15,909.21 250.00 g==~~~~ZZ,;1~ 5,000.00 50,000.00 25,000.00 100,000.00 g=1~Q~QQQ,;QQ 3.07 2.92 5.30 40.00 5.03 50.00 61.14 36.07 34.24 22.56 51.18 9/29/78 10/2/78 10/3/78 10/11/78 10/12/78 10/16/78 10/23/78 11/24/78 11/24/78 11/27/78 Dividend, Allegheny Power System Dividend, Duquesne Light Co. Dividend, Sears, Roebuck & Co. Dividend, J. Ray McDermott & Co. $2.60 Pfd. Dividend, New England Telephone & Telegraph Co. Dividend, J. Ray McDermott & Co. $2.20 Pfd. Dividend, Greyhound Corp. Dividend, Tri-Continenta1 Corp. Interest, Lehigh County Comm. College 4.70% 1/15/83 Interest, City of York Gen. Ob. 5% 1/15/87 Interest, Carlisle Borough Gen. Ob. 4.10% 7/15/80 Interest, Pa. State Highway & Bridge 4.05% 12/15/82 Dividend, Getty Oil Co. $1.20 Pfd. Dividend, International Harvester Co. Dividend, Quaker Oats Co. Dividend, Diamond Shamrock Corp. Dividend, United Technologies Corp. $7.32 Pfd. Interest, U.S. Treasury Bond 3.25% 6/15/83 Interest, Mortgage Participations 8/18/78 to 9/11/78 Dividends, Eastman Kodak 10/2/78 to 7/2/79 Dividends, American Tel & Tel Co. 10/2/78 to 7/2/79 Dividends, Nabisco 10/10/78 to 7/9/79 Dividends, General Electric Co. 10/26/78 to 7/27/79 Dividends, RCA Corp. 11/1/78 to 8/2/79 Dividends, Colgate Palmolive Co. 11/16/78 to 8/16/79 Dividends, General Foods Corp. 12/7/78 to 6/7/79 Dividends, Exxon Corp. 11/24/78 to 6/11/79 Dividends, Standard Oil of Indiana 12/11/78 to 6/11/79 Interest, Certificate of Deposit, Farmers Trust Co. 12/1/78 to 7/31/79 Total Income Receipts 9/21/78 3/6/79 6/15/79 INCOME DISBURSEMENTS Sarah Todd Memorial Home, balance due Computax Carlisle Hospital, balance due Farmers Trust Co., income commission Total Income Disbursements 12/18/78 INCOME DISTRIBUTIONS TO BENE~~CIARIES Ohio Northern University <<J1 /-; ; ! ; j vt/ /' 114'<<1 " c."L Dennis C. Cave 1y, and Trust Of icer 288.96 86.00 182.00 61.10 108.00 51. 70 91.00 63.75 151. 44 59.73 276.75 163.13 31. 50 105.00 135.00 210.00 164.70 7.02 104.80 2,700.00 3,360.00 588.00 1,060.00 750.00 474.00 1,080.00 875.00 1,760.00 8,345.23 ~==~~~~~~,;~~ 308.00 80.00 9.00 1,182.27 ~===~~~Z2,;~Z ~===~~QQQ,;QQ \, Senior Vice President COMMONWEALTH OF PENNSYLVANIA: COUNTY OF CUMBERLAND Dennis C. Caverly, Senior Vice President and Trust Officer, Farmers Trust Company, being duly sworn according to law, deposes and says/that the Account as stated is true and correct and that the Grant of Letters and the fir~t complete advertisement thereof occurred more than four (4) months before the fi~ing of the AG~~unt. / ,..,r" / ,,' /J'i1/tu..o{l~L1" , Dennis C. Caverly, and Trust Office Sworn ;~~#;J:~.cribed to before me th:M57-' :'(1 ~' / daj... of September, 1979. ,~~/~t3:.~i;' '.j' .,' .~~ "\ ') 1 ;1 ,orj: ,0) ., ,'J"~ 'i0," ^ (,) 0 ! i " I ," u l.JIf 0 t,}fL - / tCJCr/,{;/( " : I".~ ,,".;l.r-. " ; ~ : Iv" ",?'; '.'>:-:';. '-':<' (~~~ A. ALBRIGHT, NOTARY PUBLIC '0,. .; c :1' :'.~ '{ ~llSlE BORi). CUMEEW.ND COUNTY ";,,,,.,..:.::,:...,'~h COMMISSiON WIRlSAUG, 16. 1982 Member. f'ennsylvilllia AS~l)CIatlon at Notaries lli.ii.R . of ~.j '., ,.'11 6 Vice President