FIFTH ANNUAL MEETING OF THE P. S. D. A. PUBLISHING ASSOCIATION.
The fifth annual meeting of this Association convened at the Publishing House in Oakland, Cal., at 10, A. M., April 6, 1880. Prayer by Eld. M. C. Israel. The call of the roll was answered by 1982 shares; 947 being present, and 1035 by proxy, being over two-thirds of the subscribed stock. After the roll call, the report of the Treasurer last year, as published in the SIGNS OF THE TIMES, April 10, 1879, was read and accepted. The Treasurer then presented his report as follows:— Report of the financial workings of the Association from March 27, to April 1. TREASURER'S REPORT.
RECEIPTS.
Cash on hand March 27, 1879 ......................... $ 51 60
Received on Acct's and Deposits ....................... 171,503 17
" Signs of the Times ........................... 8,749 52
" Book Sales etc .............................. 6,231 94
" Custom Printing and Binding ................. 24,080 97
" Cal. Pub. Fund .............................. 6,416 38
" Donations to Signs .......................... 83 67
" Cal. Conf. Fund ............................. 3,131 65
" T. and M. Society ........................... 2,569 20
" Exchange .................................... 5 45
" Type and Material ........................... 3,641 09—$226,464.64
DISBURSEMENTS.
Paid out on Acct's and Deposits ...................... $166,953 61
" for Office Labor ............................ 23,191 54
" Stock Paper and Binders' Material ........... 9,619 31
" Fuel and Incidentals ........................ 5,434 58
" Books and Freight ........................... 2,721 91
" Real Estate ................................. 1,941 54
" Type and Machinery .......................... 7,515 03
" Cal. Conf. Fund ............................. 2,336 73
" Cal. T. and M. Society ...................... 2,752 75
" Exchange .................................... 36 95
" Interest .................................... 2,504 45
" Office Fixtures and Furniture ............... 1,144 84
Cash on hand .......................................... 311 38—$226,464.64 JOHN MORRISON, Treasurer.
I hereby certify that the foregoing statement is correct, according to my best information and belief. W. N. GLENN, Auditor. INVENTORY.
Bindery ............................................... $ 4,116 75
Real Estate ........................................... 29,121 30
Books ................................................. 6,605 22
Paper ................................................. 5,935 18
Type and Machinery .................................... 25,032 08
Office Fixtures and Furniture ......................... 2,825 95
Total Valuation of Property ........................... 73,726 48
Due on Accounts ....................................... 11,644 37
Cash on hand .......................................... 311 38—$85,682.73
Association owes on Notes and Deposits ................ 52,280.32
Assetts after all Debts are Paid ...................... 33,402.41 A committee of three was appointed on nominations, as follows: William Saunders, J. H. Waggoner, and W. M. Healey. After some remarks by Elder Waggoner on the working of the institution the past year, adjourned to 2:30, P. M. SECOND MEETING, — 2:30, P. M. The committee on nominations reported the following as candidates for Directors:— S. N. Haskell, W. C. White, John Morrison, M. C. Israel, and C. H. Jones, who were elected. The following preamble and resolution were presented by Bro. Saunders:— Whereas, In the providence of God the SIGNS OF THE TIMES Publishing House has been established here in Oakland as a means of spreading present truth before the world, and warning the people of earth to flee from the wrath to come; and feeling that on account of its present needs for further facilities, particularly in the press department, and
Whereas, We, the stockholders here assembled, are gratified to find that there is a prospect of the Publishing Association being relieved from its financial embarrassment through reduced expenditures, the employment of more efficient labors (who will work not only for financial success, but also with its primary object—the spread of the truth—ever in view, and who will work with a sanctified desire to glorify God, and to save fallen man), therefore
Resolved, That we will ourselves, and we recommend to our people everywhere that they sustain the Publishing Association to the best of their ability, with our labors, our means, and our most earnest prayers. It was also moved and voted that the meeting recommend an increase of stock. Interesting and instructive remarks were made by Sr. White; also by Brn. Haskell, White, and others. These were listened to with much interest until a late hour. Adjourned.
W. C. WHITE, Vice Pres.
L. D. CARRUTH, Secretary.