p. 106 | EIGHTEENTH ANNUAL SESSION OF THE S. D. ADVENTIST PUBLISHING ASSOCIATION

Seventh-day Adventist Publishing Association · Battle Creek, Mich. · Oct 4, 1877

EIGHTEENTH ANNUAL SESSION OF THE S. D. ADVENTIST PUBLISHING ASSOCIATION.

By James White; Uriah Smith

In accordance with the notice given in the Review, the eighteenth annual meeting of the Seventh-day Adventist Publishing Association was held at Lansing, Mich., Sept. 25, 1877, at 9 o’clock A. M. The meeting was called to order by the president, Eld. Jas. White, who opened the session with prayer.

The secretary, Mrs. M. J. Chapman, being absent, U. Smith was chosen secretary pro tem.

The roll being called, eighty-seven stockholders responded, representing one hundred and seventy-two shares.

The auditor’s report was then presented, giving the following as the result of the financial workings of the Association during the year ending Sept. 15, 1877:—

TREASURER’S REPORT.

RECEIPTS.

	Amount
Cash on hand Sept. 15, 1876	$4,304.20
Received on Review	$7,102.38
Received on Youth’s Instructor	1,674.90
Received on Health Reformer	3,576.07
Received on Accts. and deposits	98,034.93
Received on Shares	78.00
Received on Job work	11,218.18
Received on Sales	38,301.99
Received on Educational fund	8,050.27
Received on Mich. Conf. fund	9,490.71
Received on Gen. Conf. fund	8,976.09
Subtotal of receipts	$180,798.47
Total	$185,102.67

EXPENDITURES.

	Amount
Paid out on accts. & deposits	$101,713.55
Paid out for Stock	43,886.49
Paid out for Labor	14,284.98
Paid out for Wood & incidentals	5,586.41
Paid out for Office fixtures	900.09
Paid out for Manuscript	400.00
Paid out for Instructor cuts	55.25
Paid out for Educational fund	6,205.80
Paid out for Mich. Conf. fund	6,025.85
Paid out for Gen. Conf. fund	2,299.01
Cash on hand to balance	8,686.21
Total	$185,102.67

INVENTORY.

	Amount
Total valuation of the property of the Association	$77,106.83
Due on book account	78,678.49
Due on notes	1,571.81
Cash on hand Sept. 19, 1877	3,636.21
Total	$160,993.34

The Association owes as follows:—

	Amount
On notes	$11,368.87
On book account	50,650.94
Total	$62,019.81

	Amount
Assets after all debts are paid	$98,973.53
Assets as given in last report	96,719.59
Increase during the year	$2,253.94

The Association has also “forgiven debts” during the year to the amount of $2,264.13, making the actual increase, $4,518.07.

JAMES SAWYER, Treasurer.

I hereby certify that I have carefully examined the books and accounts of the S. D. A. P. Association, and find them correctly kept, and that the above report of the treasurer shows a correct statement of the financial condition of the Association, according to my best information and belief. F. H. SISLEY, Auditor.

The business of the election of trustees for the coming year being introduced by the secretary as the next regular business of the meeting, a nominating committee was appointed by the president, consisting of the following persons: S. N. Haskell, D. M. Canright, and W. C. White.

After a few moments’ consultation the committee presented the following nominations: For President, Eld. Jas. White; Vice-president, W. C. White; Secretary, Mrs. M. J. Chapman; Treasurer, Wm. Ings; Auditor, Mrs. F. H. Sisley; Publishing Committee; Jas. White, J. H. Kellogg, U. Smith.

The balloting confirmed the nomination by a unanimous vote.

Other business being called for the following motions were presented:—

By Eld. Canright, That U. Smith be editor of the REVIEW AND HERALD, and Jas. White and J. N. Andrews corresponding editors. Carried.

By U. Smith, That Mrs. M. J. Chapman be the editor of the YOUTH’S INSTRUCTOR. Carried.

By S. N. Haskell, That the president of the Association receive $10 per week for the time actually spent for the Association. Carried.

By S. N. Haskell, That the editor of the REVIEW receive at the rate of $10 per week for his services. Carried.

By D. M. Canright, That the editor of the YOUTH’S INSTRUCTOR receive at the rate of $7 per week for her services. Carried.

By D. M. Canright, That the auditor for the past year be paid $7 per week for time spent in auditing the books of the Association. Carried.

Adjourned sine die.

JAS. WHITE, Pres.

U. SMITH, Sec. pro tem.