MEETING OF THE PUBLISHING ASSOCIATION
According to the call in the Review, the stockholders in the Seventh-day Adventist Publishing Association met at the Tabernacle in Battle Creek, Mich., Feb. 11, 1902, at 10 A. M., local time, in their forty-second annual meeting, the eleventh under the new charter, for the election of two directors for three years, and any other business that might properly come before the meeting. Thirty-one hundred and sixty-two shares were represented, eight hundred and three in person, and twenty-three hundred and fifty-nine by proxies. The first business being the hearing of reports, the Treasurer presented his report as follows:— THE FINANCIAL STATEMENT OF THE S. D. A. PUBLISHING ASSOCIATION FOR YEAR ENDING DEC. 31, 1901.
|
Resources. |
Liabilities. |
|---|
| Real Estate |
$69,176.00 |
|
| Personal Property |
114,820.71 |
|
| Notes Receivable |
22,813.21 |
|
| Cash on hand and in Banks |
5,743.54 |
|
| Accounts Receivable |
165,066.43 |
|
| Material |
34,064.52 |
|
| Work in Progress |
19,002.65 |
|
| Stock in Sales Room |
70,908.27 |
|
| Stock in Retail Department |
2,955.23 |
|
| Type |
14,908.16 |
|
| Cuts and Engravings |
4,093.65 |
|
| Fuel |
750.56 |
|
| Notes Payable |
|
$128,460.25 |
| Accounts Payable |
|
86,025.81 |
| Demand Notes |
|
20,335.67 |
| Capital Stock |
|
149,460.00 |
| Stock Not Issued |
|
61,647.27 |
| Surplus |
$59,615.44 |
|
| Net Gain |
18,758.49 |
78,373.93 |
|
$524,302.93 |
$524,302.93 |
|
|
|
|---|
| Capital Stock |
$149,460.00 |
|
| Stock Not Issued |
61,647.27 |
$211,107.27 |
| Surplus |
$59,615.44 |
|
| Net Gain |
18,758.49 |
$78,373.93 |
| Present Worth |
|
$289,481.20 |
The Auditor, by a thorough inspection of all the accounts, found them correct, and correctly representing the prosperous financial standing of the Association. The Chair being empowered to name the committee on nominations and on resolutions, named the following:— On Nominations: H. W. Cottrell, J. D. Gowell, W. H. Thurston. On Resolutions: I. H. Evans, A. G. Daniells, W. W. Prescott. The desirability of the presentation to the people of the principles which the Association is designed to represent, and what results it should secure, being considered, it was voted to adjourn for this purpose to 7:30 in the evening. Met according to adjournment, but there being a less number present than was desired to listen to the principles to be set forth, the meeting was further adjourned to 11 A. M. February 12. The adjourned meeting was held at the hour named, a much more numerous company was present, and the Office employees were out in force. The time was taken up by the chairman, I. H. Evans, and by A. G. Daniells and W. W. Prescott. The remarks took a broad view of the subjects under consideration, were well presented, and breathed forth a spirit which met a hearty response from all present. The following are verbatim reports of the remarks given.