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NINETEENTH ANNUAL SESSION OF THE SEVENTH-DAY ADVENTIST PUBLISHING ASSOCIATION

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Seventh-day Adventist Publishing Association · Battle Creek, Mich. · Oct 17, 1878

FromReview and Herald, Vol. 52, No. 16.

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NINETEENTH ANNUAL SESSION OF THE SEVENTH-DAY ADVENTIST PUBLISHING ASSOCIATION.

By James White; M. J. Chapman

In accordance with the notice given in the Review, the nineteenth annual session of the Seventh-day Adventist Publishing Association was held at Battle Creek, Mich., Oct. 9, 1878, at 9 o’clock a. m. The meeting was called to order by the president, Eld. Jas. White, who offered the opening prayer.
The roll call showed fifty-nine stockholders present, representing one hundred and fifty-seven shares.
The following report of the financial workings of the Association for the year ending Sept. 30, 1878, was read and approved:—

TREASURER’S REPORT.

RECEIPTS.

Cash on hand Sept. 20, 1877, $ 3686 21
Rec’d on REVIEW, 9046 89
“ “ YOUTH’S INSTRUCTOR, 1951 07
“ “ HEALTH REFORMER, 3552 94
“ “ Acct’s and Deposits, 138344 90
“ “ Shares in Association 305 00
“ “ Donations & Legacies 1175 00
“ “ Job Work, 32147 46
“ “ Sales, Books, etc., 29457 65
“ “ Mich. Conf. Fund, 9447 42
“ “ General Conf. Fund, 8006 84
— $229,485 17
Total, $233,071 38

EXPENDITURES.

Paid out on Labor, $21512 78
“ “ for Stock, 40264 58
“ “ Incidentals, 7500 64
“ “ INSTRUCTOR cuts, 81 85
“ “ Repairs, 197 58
“ “ Office Fixtures, New Machinery, etc., 10382 19
“ “ Accounts, 131853 88
“ “ Manuscripts, 760 07
“ “ New type, 595 59
“ “ New building, 3697 56
“ “ Mich. Conf. fund, 9444 66
“ “ Gen. Conf. Fund, 5100 70
Cash on hand to balance, 1729 48
Total, $233,071 38

INVENTORY.

Total valuation of the property of the Association, $119003 26
Due on book account, 57257 38
Cash on hand Oct. 1, 1878, 1729 30
Total, $177,989 94

INDEBTEDNESS.

The Association owes as follows:—
On notes, $16735 48
On account, 62141 83
— $78,877 31
Assets after all debts are paid, $ 99,112 63
Assets as given in last report, 98,973 53
Increase during year, $ 139 10
In making out the present inventory, the Trustees have deducted from inventories as formerly given, on books, $3,300, by estimating them at a larger discount; on machinery, etc., $4,300; and on real estate, $11,697 43; making total reductions of $19,297 43; which would show an actual increase during the year and one month since the last report of $19,586.53. From this should be deducted $1,480 shares and donations, showing the net earnings to be $18,056.53.
H. W. Kellogg, Treasurer.
I hereby certify that I have carefully examined the books and accounts of the Seventh-day Adventist Publishing 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.
Per C. L. Palmer, Assistant.
Moved by U. Smith, That the President appoint a committee of three to nominate officers for the ensuing year. The following persons were appointed as said committee: Elds. J. N. Andrews, S. N. Haskell, and D. M. Canright.
While waiting the report of the above committee, W. C. White moved that we amend Sect. 1, of Art. 3 of By-laws of the Association by striking out the words secretary and treasurer. Carried.
Sec. 1 was further amended as follows: All other officers shall receive such pay from the Association, because of their office, as shall be determined by the Board of Trustees.
The Committee on Nominations reported as follows: For President, Eld. James White; Vice-president, W. C. White; Secretary, Mrs. M. J. Chapman; Treasurer, H. W. Kellogg; Auditor, W. C. Sisley; Publishing Committee, James White, U. Smith, and J. H. Kellogg.
By ballot, the officers nominated were elected by a unanimous vote.
It was moved by S. N. Haskell that U. Smith be editor of the REVIEW AND HERALD, and James White and J. N. Andrews corresponding editors. Carried.
Moved by W. C. White, That M. J. Chapman be editor of the YOUTH’S INSTRUCTOR, and M. A. Davis assistant editor. Carried.
Moved by J. E. White, That J. H. Kellogg be editor of the HEALTH REFORMER. Carried.
Moved by S. N. Haskell, That the president, the editor of the REVIEW, and the editor of the REFORMER each receive at the rate of $12 per week for his services. Carried.
Moved by W. C. White, That the editors of the INSTRUCTOR each receive at the rate of $7.00 per week. This motion was amended so as to read, The editor shall receive $8.00 per week, and the assistant editor $7.00 per week. Carried.
Moved by H. W. Kellogg, That the Auditor receive at the rate of $8.00 per week for time spent in auditing the books of the Association. Carried.
Moved by W. C. White, That the president appoint a committee of three to revise the By-laws of the Association, and to secure such an amendment of its charter as will allow an increase of its capital stock. Carried.
The president appointed A. R. Henry, J. H. Waggoner, and U. Smith as this committee.
Adjourned to the call of the President.
James White, Pres.
M. J. Chapman, Sec.