Abstract :
At the meeting of the Board of Directors of the Institute, held October 11, 1912, the Finance committee made a report at the request of President Mershon, in regard to the financing of the Institute´s share of the mortgage upon the property of the United Engineering Society in New York. This mortgage originally amounted to $540,000.00, of which the Institute´s share was $180,000.00, covering the cost of the ground upon which the Engineering Societies Building now stands.
