Seventh-Day Adventist Publishing Association.
Pursuant to notice given in the Review, the eleventh annual meeting of the Seventh-day Adventist Publishing Association was held in Battle Creek, Mich., Feb. 8, 1871. The President, Eld. James White, was in the chair. Prayer by Eld. Geo. I. Butler. The roll being called, it was ascertained that there were present sixty-one members, representing one hundred and fifty-seven votes. Next in order followed the Report to the Eleventh Annual Meeting of the Seventh-day Adventist Publishing Association for the year ending February 1, A. D. 1871. Cash on hand March 11, 1870, $1,292.67
Received on REVIEW & HERALD, $5,661.96
“ “ Youth’s Instructor, 854.14
“ “ Health Reformer, 2,323.31
“ “ Cash Sales, 4,429.54
“ “ Accounts & Deposits, 38,021.05
“ “ Donations, 57.38
“ “ Shares, 375.00
“ “ Job Work, 450.30
“ “ Mich. Conf. Fund, 4,096.18
“ “ Gen. Conf. Fund, 3,261.42
$59,530.28
Total, $60,822.85 Paid out on Accts. & Deposits, $27,538.30
“ “ for Stock, 10,498.28
“ “ Office Labor, 6,552.06
“ “ Materials & Sundries, 958.38
“ “ Wood & Incidentals, 1,621.77
“ “ Mich. Conf. Fund, 3,720.38
“ “ Gen. Conf. Fund, 2,535.16
Total, $53,419.28
Cash on hand to balance, 7,403.57
$60,822.85 Total value of the Property of the Association as per Inventory, $52,636.60
Association holds Notes to the amount of 3,110.34
Due the Association on Book Account, 9,564.03
Cash on hand Feb. 1, 1871, 7,403.57
$72,714.54 The Association owes as follows:
On Notes, 2,335.64
“ Book Account, 20,364.88
$22,700.52 Assets after all debts are paid, $50,014.02
Assets as given in last Report, 40,487.69
Increase during the year, 9,526.33 A. M. Driscall, Treasurer.