In account with
WILLARD G. BIXBY, TREASURER
| RECEIPTS | ||||
|---|---|---|---|---|
| Balance on hand Oct. 1, 1921: Special Hickory Prize, $25.00; Life Membership, $25.00; for Regular Expenses, $25.26 | $75.26 | |||
| From Annual members including joint subscriptions to American Nut Journal | $199.50 | $423.58 | $623.08 | |
| Reports | 5.50 | 7.50 | 13.00 | |
| Contribution for prizes | 54.00 | 7.50 | 69.00 | |
| Contribution to meet expenses | 602.50 | 602.50 | ||
| Bulletin No. 5 | 12.73 | 60.94 | 73.67 | |
| Cash discount on bills paid | .48 | .48 | ||
| Postage returned | .10 | .10 | ||
| Advertising in Report | 5.00 | 5.00 | ||
| Life Membership P. W. Wang | 20.00 | 20.00 | ||
| Funds Received for transmission to other parties | 1.00 | 1.00 | ||
| Salary check returned by Secretary | 50.00 | 50.00 | ||
| —— | —— | —— | ||
| $272.21 | $1,185.62 | $1,457.83 | $1,457.83 | |
| Deficit October 1, 1921: | ||||
| Balance Special Hickory prize | $ 25.00 | |||
| Life Membership | 45.00 | |||
| Deficit for regular expenses[A] | 246.07 | 176.07 | ||
| —— | —— | |||
| Net deficit | 1,709.16 | |||
| EXPENDITURES | ||||
| American Nut Journal, their portion of joint subscriptions | $64.00 | $199.65 | $263.65 | |
| 1920 Convention | 85.00 | 85.00 | ||
| Printing Bulletin No. 5 | 62.50 | 62.50 | ||
| Stationery, Printing & Supplies | 50.55 | 91.01 | 141.56 | |
| Postage, Express, etc. | 36.60 | 75.78 | 112.38 | |
| Prizes 1919 Nut Contest | 128.00 | 128.00 | ||
| Advertising 1920 Nut Contest | 52.08 | 52.08 | ||
| Printing Report 10th Meeting | 69.09 | 400.05 | 469.14 | |
| Printing Report 11th Meeting | 341.85 | 341.85 | ||
| Funds received for Transmission to other parties | 3.00 | 3.00 | ||
| Salary Secretary | 50.00 | 50.00 | ||
| —— | —— | —— | ||
| $535.32 | $1,173.84 | $1,709.16 | $1,709.16 | |
[A] At the meeting on the morning of October 7th this deficit was wiped out by $250.00 being subscribed by the members present for this purpose.
Forty-seven new members have joined the Association since the last report, making 523 since organization, of which we have 221, making 302 who have resigned or otherwise dropped out. It will be noticed that the number of members received last year, 47, is less than the number reported a year ago, 66. This in the judgment of the Treasurer is entirely due to the less amount of energy expended for a smaller proportion of members have dropped out than a year ago. While the gaining of members is not particularly easy it can be done and the number gained to quite an extent is in proportion to the energy put on it.
The finances of the Association this year are in a more troublesome situation than any year since the undersigned had charge. Two reports each at double normal cost each is quite enough to cause it. An inspection of the Treasurer's accounts have made it evident that during no year in the history of the Association have the dues received been equal to the cost of carrying on the Association. Each year some members interested have contributed in addition to paying dues. During the year past these sums have been considerable. It is believed that with only one report a year there will be only normal difficulty in handling the finances of the Association. The orderly conduct of the finances of the Association makes it very desirable that normal receipts of dues take care of normal expenditures with a little margin for contingencies. The matter of classes of membership would seemingly help on this. The treasurer would not recommend changing the annual membership from its present figures, $2.00, but would suggest that this meeting consider making a class of contributing members at $5.00 per year including the American Nut Journal. This would give the Association double the income from each such member that it now gets for most members accept the combination offer of membership in the Association and subscription to the American Nut Journal at $3.25 for both which nets the Association $1.75 per year.
Respectfully submitted,
Sept. 30, 1921.Willard G. Bixby.
The President: Mr. Bixby is certainly a first class treasurer. He makes a recommendation in his report. Do you desire to act upon it at this time? I refer to his recommendation relative to a new class of membership. It is a first class suggestion and a motion covering it would be in order.