"The property on hand consists of the following items:
| 1,553 acres of land, at $3.00 | $4,659.00 |
| Agricultural improvements | 1,522.47 |
| Mechanical improvements | 8,405.00 |
| Personal property | 10,314.01 |
| Advanced members in board, etc. | 2,824.74 |
| Amount | $27,725.22 |
"W. Chase, President."
[From a letter of Warren Chase,]
Wisconsin Phalanx, March 3, 1846.
"Since our December statement, our course and progress has been undeviatingly onward toward the goal. We have added eighty acres to our land, making one thousand six hundred and thirty-three acres free of incumbrance. We are preparing to raise eight hundred acres of crops the coming season, finish our grist-mill, and build some temporary residences, etc. We have admitted but one family since the 1st of December, although we have had many applications. In this department of our organization, as well as in that of contracting debts, we are profiting by the experience of many Associations who preceded or started with us.
"We pretend to have considerable knowledge of the serial law, but we are not yet prepared, mentally or physically, to adopt it in our industrial operations. We have something in operation which approaches about as near to it as the rude hut does to the palace. Even this is better than none, and saves us from the merciless peltings of the storm.
"Success with us is no longer a matter of doubt. Our questions to be settled are, How far and how fast can we adopt and put in practice the system and principle which we believe to be true, without endangering or retarding our ultimate object. We feel and know that our condition and prospects are truly cheering, and to the friends of the cause we can say, Come on, not to join us, but to form other Associations; for we can not receive one-tenth of those who apply for admission. Nothing but the general principles of Association are lawful tender with us. Money will not buy admission for those who have no faith in the principles, but who merely believe, as most of our neighbors do, that we shall get rich; this is not a ruling principle here. With our material, our means, and the principles of eternal truth on our side, success is neither doubtful nor surprising.
"We expect at our next annual statement, to be able to represent ourselves as a minimum Association of forty families, not fully organized on Fourier's plan, but approaching to, and preparing for it.
W. Chase."