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The Missionary

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International Tract and Missionary Society · Oakland, California · May 29, 1884

FromSigns of the Times, Vol. 10, No. 21.

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The Missionary.

Second Annual Meeting of Stockholders of Healdsburg College.

MAY 2, 1884, 9:30 P. M. PURSUANT to the call of the Trustees, the stockholders of Healdsburg College met at the time and place mentioned above for the annual election of Trustees and for the transaction of other business. The chairman, W. C. White, called the meeting to order, and Eld. J. H. Waggoner offered prayer. Upon roll-call it was found that 649 shares of stock were represented.
As certificates for 1,332 shares of stock have thus far been issued, a representation of 667 was required for a quorum. Eighteen were wanting to secure a quorum, and the meeting therefore adjourned to May 3, at 7:30 P. M.

SECOND SESSION.

Stockholders met as per adjournment at 7:30 P. M., in the chapel of South College Hall. The roll-call showed a total representation at this session of 802 shares. Minutes of the annual meeting of 1883 were read and approved.
Eld. J. N. Loughborough then made some remarks relative to the schools established among our people, their relation to the cause, and what has been accomplished by them in preparing workers for the missionary field. He made an appeal also for subscription of stock to the College; in response pledges were made to the amount of $220.
A Committee on Resolutions was appointed consisting of Eld. J. N. Loughborough, Eld. J. H. Waggoner, and Prof. C. C. Ramsey; on Nominations, J. Creamer, G. W. Mills, and J. M. Church.
While the committees were in consultation, the chairman, W. C. White, urged those who have not paid their pledges to pay immediately, and requested the secretary to issue certificates as fast as payments were made. Seven certificates were issued, aggregating thirty-one shares.
The Committee on Nominations then announced readiness to report, and submitted the names of the following persons to be elected as a Board of Trustees for the ensuing year: Elders J. N. Loughborough, J. H. Waggoner, W. C. White, and M. C. Israel, and Wm. Saunders, J. Morrison, S. Brownsberger. Ballots were circulated and the result was the casting of 833 votes, and the election of the persons nominated.
The Committee on Resolutions then submitted the following partial report:— Resolved, That we heartily indorse the resolution passed last year to unite study and labor; that it has proved to be highly beneficial to the school, and to the students; that it has not only trained them in useful labor whereby they are better fitted to meet the responsibilities of life, but it has served to preserve their health and keep them in a cheerful frame of mind; and further, that we commend the students for the work they have done on the grounds and in and about the buildings at North College Hall.
Resolved, That we express our heart-felt thanks for the good that has been accomplished by the College during the past year; though it may not have fully met its expenses since its establishment, its benefits to the cause of education, and to the cause of truth by training people to labor in the missionary field, cannot be estimated in dollars and cents; and we invite the friends of the work to give it their support by taking stock in the corporation, by sending their youth to the school, and by giving it their influence and their prayers.
After remarks upon these resolutions by Elders White, Waggoner, and Loughborough, they were adopted, and the meeting adjourned to May 4, 9:30 A. M.

THIRD SESSION.

Eld. J. N. Loughborough offered prayer. Minutes of preceding sessions were read and approved. The following financial report of the College for the fiscal year ending May 1 was then read:— S. BROWNSBERGER IN ACCT. WITH HEALDSBURG COLLEGE. Dr. To cash on hand at last report... $ 11 30 " " rec'd on sale of stock... 4104 75 " " donations... 20 00 " " loans... 19964 00 " " tuitions... 2656 42 " " book-sales... 757 01 " " students' fund... 1035 00 " " board... 5339 30 " balance to credit of apple acct't... 7 43 " " " groceries and provisions... 147 28 " " " deposits... 2179 78 " " " am't owed on salaries and credited below... 693 40—$36915 67 Cr. By am't paid for real estate... $ 1975 00 " " library... 120 66 " " college supplies... 128 34 " " book-stand... 826 52 " " boarding-house material... 2432 61 " " labor... 2084 30 " " furniture... 1795 10 " " general expenses... 2200 21 " " boarding-house supplies... 4445 53 " " teachers' salaries... 4253 70 " " interest on loans... 699 24 " " boarding-house help... 1033 36 " " janitor's services... 11 28 " paid on bills payable... 10310 00 " " for groceries and provisions... 142 36 " " from students' fund... 316 65 " " for printing office... 863 64 " " improvements... 897 40 " cash on hand... 18 47 " am't paid on deposits reported last year... 761 30—$36915 67 INVENTORY OF HEALDSBURG COLLEGE PROPERTY. ASSETS, MAY 1, 1883. South College property... $ 8825 00 Improvements on building... 191 61 Book-case for library... 76 00 Furniture and supplies in South College Building... 2080 11 Improvements on grounds... 200 00 Books, stationery, and supplies in book-stand... 601 16 Library in South College... 530 80 Museum... 75 00—$7609 68 Recent purchase of 4-acre lot and improvements on same... 2000 00 Purchase price of North College lot... 1350 00 Labor on boarding-house... 6916 40 Material and other expenses connected with same... 10934 25—17850 65 Wood-house, barn, and pump-house... 1708 78 Labor on same... 400 00—2108 78 Other general improvements on b'd'g house lot... 200 00 Groceries and provisions... 456 53 Boarding-house furniture and supplies... 6215 75 College printing office... 863 05 Credits on book accounts... 1077 73 Am't uncollected from book-stand... 143 85 " due on tuition... 57 50 $40043 52 LIABILITIES. Bills payable— Loans from Cal. Conf. without interest... $ 4795 00 " " at 5 per cent... 13459 00 " " 6 " "... 1600 00 " " 7 " "... 1000 00 " " 8 " "... 400 00 " " 8 1/2 " "... 750 00—$22004 00 Debits on book accounts... 4795 09 Bills on file unpaid... 43 45 Accrued interest to date... 465 39 Total liabilities... $27305 93 Assets... $40043 52 Liabilities... 27305 93 Assets above liabilities... 12737 59 Rec'd cash on stock to date... $13371 10 " " donations to date... 1127 00 Total cash receipts... $14498 10 Assets above liabilities... 12737 59 Total loss during three years... $1760 51 Upon motion to accept the report, remarks were made by W. C. White and S. Brownsberger, explanatory of the report; it was stated that the inventory had been made on a liberal basis, discounts being freely made from the cost of many articles in San Francisco, not taking into account the cost of freight. Eld. Loughborough said that he was agreeably surprised at the report, which showed so little running behind financially during the first three years of the existence of the college. He thought that it would be unparalleled in the history of colleges for an institution to meet its expenses at first, especially since but little stock has been paid in, thus making it necessary to depend largely upon loans for improvements made.This has brought the burden of quite a heavy interest upon the College from the first; were it not for this extra burden, expenses would have been nearly met. The reading of the resolutions was then resumed, and the following were taken up and adopted in order:— Resolved, That we recommend that the professors spend the summer vacation in the field, visiting our churches, working up the interests of the College, and in doing missionary work as Providence may open the way before them. Resolved, That we express our gratitude to Him in whose hand are the hearts of the children of men, that the minds of so many aged and middle-aged people have been turned toward the school as a means of fitting them for usefulness in various vocations, especially in laboring in the cause of God; and that we urge the friends of the cause to put forth every effort to induce adults to attend the College, especially the Biblical course. WHEREAS, Experience having proved that many of the students who take the Biblical course will not attend the entire school year, and it appearing to be inexpedient to have so many of them leave before the school year ends, as it has a discouraging influence on the minds of those who remain; therefore, Resolved, That we recommend a rearrangement of the school year, so that it may close with the end of the Biblical course; and we further recommend a special term for the lower classes, so that, while the college classes may perhaps have a longer vacation, the primary department may have a much shorter vacation than that of the year as now arranged. WHEREAS, The interests of the cause in all the States and Territories on the Pacific Slope are closely connected, and each Conference ought to be benefited by the experience of others; therefore, Resolved, That we recommend that Prof. Brownsberger attend the camp-meeting in Oregon and Washington, to become acquainted with those who are especially interested in the cause of education in those Conferences. WHEREAS, We believe that in many places throughout the States our people ought to have the advantages of school on a different basis from the schools in their several localities, and knowing that the great difficulty before them is the want of suitable teachers; therefore, Resolved, That we urge upon our churches the necessity of encouraging those among them who they believe will make efficient and consecrated teachers, to come to the College to receive the proper training with a view to establishing such schools wherever it may be advisable. Remarks were made in favor of the adoption of these resolutions by Elders J. H. Waggoner, J. N. Loughborough, and W. C. White, and Professors C. C. Ramsey, S. Brownsberger, and W. C. Grainger, after which the meeting adjourned sine die. W. C. WHITE, Chairman. S. BROWNSBERGER, Sec.