“THE PHILADELPHIA ORCHESTRA “FRITZ SCHEEL, _Conductor_ “CALL FOR THE FIRST GUARANTEE FUND “Philadelphia, June 15th, 1901 “Dear Sir: “The accounts of the Treasurer of the Philadelphia Orchestra Association, for the season just closed, shows a total expenditure for all purposes of $27,729.33, and total receipts from all sources of $14,429.85, leaving a deficit of $13,299.48, to be met by the Guarantee Fund. “A copy of the report of the Auditors is hereto appended. “The Guarantors are to be congratulated upon the success of this experimental season—made possible only by their generous support. The musical success of the concerts has surpassed the most sanguine anticipation, but the most important and far-reaching result of the undertaking has been the formation of the recently organized Philadelphia Orchestra Association, with its well-assured plans for weekly concerts and public rehearsals during the winter seasons of the next three years. “The total Guarantee Fund amounts to $15,720.00, upon which a call of 84.61 per cent is necessary to meet the above deficit. Will you, therefore, please mail to Mr. John H. Ingham, Assistant Treasurer, No. 505 Chestnut Street, your check drawn to his order, for $—— being 84.61 per cent of your subscription of $—— “Very truly yours, “JOHN H. INGHAM OLIVER B. JUDSON EDWARD I. KEFFER OSCAR A. KNIPE EDWARD G. MCCOLLIN HENRY WHELEN, JR. “_Executive Committee_” “REPORT OF THE AUDITORS “Philadelphia, 12th June, 1901. “The undersigned, being two of the Guarantors for the first series of Concerts of the Philadelphia Orchestra, and having been requested to act as Auditors, have examined the accounts of the Treasurer and the vouchers for disbursements. “We find same in order and correct, and are satisfied that the business management of the Orchestra has been efficient, and that the expenditures were proper and necessary. “The accounts show receipts from sales of tickets and incidentals amounting to $14,429.85, and payments as per receipted vouchers amounting to $27,729.33, leaving a deficit of $13,299.48. “JOHN H. CONVERSE “C. HARTMAN KUHN “_Auditors_”