TENTH ANNUAL MEETING OF THE STOCKHOLDERS OF THE HEALTH REFORM INSTITUTE by Uriah Smith; S. Brownsberger

Seventh-day Adventist Publishing Association · Battle Creek, Mich. · Oct 5, 1876

TENTH ANNUAL MEETING OF THE STOCKHOLDERS OF THE HEALTH REFORM INSTITUTE.

By Uriah Smith; S. Brownsberger

The stockholders of the Health Reform Institute met on the Lansing Camp-ground, Sept. 23, 1876, at 9:30 A. M. Eld. Uriah Smith, President of the Board of Directors, called the meeting to order.

Eld. Canright opened the meeting by prayer. Upon calling the roll it was found that there was not sufficient stock represented to insure a legal meeting. But after several shares of stock were taken, the majority of stock was represented as follows: Massachusetts one, Ohio three, Illinois two, Wisconsin one, Iowa two, Michigan four hundred. A sufficient number to make up seven hundred and twenty shares, a majority, was represented by proxy from various States.

After the minutes of the last session were read by the Secretary, and approved, the following report was read by the Auditor, showing the financial workings of the Institute for the year commencing Aug. 7, 1875, and ending Sept. 14, 1876.

RECEIPTS.

From Patients, $13941.28 On Incidental Sales, 1800.68 Due Institute on Acct., 1002.00 Due from Patients on Acct., 1044.19 Due on Notes of this Year, 400.00 Total, $18188.15

EXPENDITURES.

Invoice of Aug., 1875, $1490.00 For Labor in doors, 4009.85 For Labor out of doors, 499.80 Stock Refunded, 62.00 Provisions, Furniture, Wood and Incidentals, 5494.17 Due Help on Acct., 1440.00 Due Patients on Deposit, 484.73 Ten per cent. interest for Wear of Household Goods, 580.73 Instruments and Books, 514.50 Total, $14584.78

From which subtracting invoice of Wood, $1050.00 Provisions, 355.00 Books and Syringes, 87.00 Total, $1472.00 Leaving Expenditures, $13112.78 Making Excess of Receipts, $5075.37

EXHIBIT OF INCREASE DURING YEAR.

Received from Patients, $13941.28 Due from Patients on acct., 900.15 Due on Gen'l. Ledger, 762.20 Received on Sales, 1300.68 Paid on Labor last year, 958.39 Total, $17862.70

Expenditures for Labor, and Due Labor, $6050.34 For Wood, Provisions, Incidentals, 5494.17 Total, 11544.51 Showing an increase during year, 6318.19

INVOICE OF PROPERTY OF THE INSTITUTE.

Value of Real Estate, $24919.00 Household Goods, 5307.27 280 cords of Wood @ $3.75 per c'd., 1050.00 Due from Patients on acct. (less their deposit), 5001.40 Due Institute on Gen'l. Ledger, 1000.00 Amt. of good Notes, 867.00 Cash on Hand, 1345.51 Total Assets, $39490.18

LIABILITIES.

Bills Payable, $1600.00 Deposits, 200.00 Total, $1800.00 Assets, less Liabilities, $37690.18

I hereby certify that I have examined the Business Records of the Health Reform Institute for the past year and find that they have been faithfully kept, and that the above is a correct exhibit of Receipts, Expenditures, and Increase of the past year to the best of my knowledge and judgment. S. Brownsberger, Auditor.

The election of a Board of Directors for the ensuing year was next in order. The Committee on Nominations recommended the following persons for the Board of Directors: Eld. S. N. Haskell, South Lancaster, Mass., Eld. D. M. Canright, Rome, N. Y., James Sawyer, Battle Creek, C. W. Stone, Battle Creek, Dr. Wm. B. Sprague, Battle Creek, Dr. Wm. J. Fairfield, Battle Creek, Prof. S. Brownsberger, Battle Creek.

The balloting for the nomination resulted in the unanimous nomination of the above-named persons who were then unanimously elected. The meeting then adjourned sine die. URIAH SMITH, Pres. S. BROWNSBERGER, Sec.