Keene (Tex.) Industrial Academy
By T. T. Stevenson
We give below a financial statement of the Keene Industrial Academy, for the year ending April 30, 1905. For the benefit of those who are interested in this school, I will add a few items of interest concerning the progress of the institution during the last few years. At the beginning of the work with “Christ’s Object Lessons” our indebtedness was $14,634.38. This did not include the General Conference debt which was originally $3,000, but afterward was reduced to about $1,500, leaving our total indebtedness about $16,000. One year ago, what is known as the Post-office Bond debt of $2,000 was added to this, making, in round numbers, $18,000. I am very glad to say that with strict economy, hard work, and the blessing of God, we have succeeded in reducing this indebtedness to about $1,300. We have $647 on hand to be applied on the debt which will reduce it to $653. During this time we have made repairs and improvements as follows: painted the academy, repainted the assembly hall, and repaired it generally, canvassed and re-papered the Home throughout, fenced the campus, bought new bake-oven for the kitchen, new windmill, two new pianos, and three organs, washing-machines, boilers, steam cookers, etc., etc. The farm, under the faithful management of Brother Etcheson, is in good condition—fences repaired, the orchards and berry patches cleaned, and everything about the farm in better condition than it has ever been.19 The laborers have all been settled with to date, and everything is in good shape for the beginning of the next school year. I have been connected with this institution most of the time since its beginning, and now, as I sever this connection, and go to another climate, because I think my health demands it, I wish to say that I shall always feel a deep interest in the work I leave in Texas. I also wish to thank my brethren here for their co-operation with me in this work, and for their kindness and forbearance. My prayers shall always be that God may bless and prosper the Keene Industrial Academy. Financial Statement of the Keene Industrial Academy, April 30, 1905
RESOURCES
Accounts receivable ........$ 2,182 89
Bills receivable ........... 645 50
Inventories ............... 31,224 55
Cash on hand .............. 1,147 00
Total .....................$35,199 94 LIABILITIES
Bills payable .............$ 300 00
Accounts payable in tuition . 47 87
Sundry accounts owing by academy ........ 22 56
Deposit accounts .......... 589 00
Keene Academy’s present worth .......... 34,240 51
Total .....................$35,199 94 Net stock account, June 30, 1904, $31,674.88; total gains, April 30, 1905, $4,809.13; total losses, $2,243.50; net gain for the year, $2,565.63; present worth, $34,240.51. T. T. STEVENSON, Manager.