Fifth Annual Meeting of the Seventh-day Adventist Publishing Association.
Pursuant to call of the Trustees through the Review, the fifth annual meeting of the Seventh-day Adventist Publishing Association was held in the city of Battle Creek, Mich., Friday, May 19, 1865. Present, all the officers of the Association. Meeting opened with prayer by Bro. Loughborough. The roll was then called. Members present, 61, representing 175 votes. The Minutes of the last meeting were read and approved. The next business in order being the Auditor's report, Bro. I. D. Van Horn, Auditor, presented the following report:198 FIFTH ANNUAL REPORT OF THE AUDITOR OF THE S. D. A. PUBLISHING ASSOCIATION.
This is to certify that I have carefully examined the books and accounts of the Association, and find the result of the receipts and expenditures since the date of last report, May, 13, 1864, to be as follows: Received on Review, $6249,76
" " Instructor, 662,56
" " Account, 3158,70
" " Deposits, 13748,44
" " Books, cash sales, 1927,26
" " Shares in the Association, 585,00
" " Stock of Paper, 1448,94
" " Soldiers' Tract Fund, 141,42
" " Donations, 80,00
" " Custom work, 329,75
" " Paper for Instructor, 19,55
Total, $28346,38 Amount of Mich. Conf. Fund on hand at the time of last meeting, May 13, 1864, 379,92
Amount received since last report, 3242,66
Total, $3622,58
Amount paid out since last report, 2202,76
Balance in Treasury, May 12, 1865, $1419,82 Amount of Missionary Fund on hand at time of last meeting, May 13, 1864, $791,31
Amount received since last report, 2701,54
Total, $3492,85
Amount paid out since last report, 1753,42
Balance in Treasury May 12, 1865, $1739,43
Whole amount received on all items since last report, $34290,58 The Association has paid as follows:
For work in Office, $3839,18
" Materials and Sundries, 10549,07
On Deposits and Outstanding Notes, 13491,36
" Soldiers' Tract Fund, 13,68
Total, $27898,29
Whole amount paid out on all items since last report, $31849,47
Cash on hand to balance, 2441,11
Total, $34290,58 Total amount of assets of the Association, $32448,20
Amount due on Outstanding Notes, $3453,99
" " " Missionary Fund, 1739,43
" " " Mich. Conf. Fund, 1419,82
" " " Book Account, 619,85
Total, $7233,09 Assets after all debts are paid, $25215,11
Value of the Property of the Association at the time of last report, $23116,13
Increase of Property by Donations, Shares, and Profits, during the past year, $2098,98
I. D. VAN HORN, Auditor. The general business of the Association was then introduced by the Secretary in a written statement of the business to come before the meeting, viz.:- Election of Officers.
- Election of Editors.
- Compensation of Auditor.
- Salaries of President, Editors, Secretary, and Treasurer.
The business was then called up item by item for discussion and action, by written resolutions. On motion of Bro. J. N. Loughborough it was
Resolved, That we nominate all the Officers at one balloting. Carried. On motion of Bro. J. N. Andrews it was
Resolved, That a committee of three be appointed, whose duty it shall be to present a list of names for the action of the Association in the nomination of officers. Carried. The President appointed Elders J. N. Loughborough, J. N. Andrews, and D. T. Bourdeau, as a committee on nominations. On motion of Bro. J. N. Loughborough it was
Resolved, That Uriah Smith be Editor of the Review and Herald for the next year. Carried. On motion of Bro. J. N. Loughborough it was
Resolved, That Mrs. Adelia P. VanHorn be Editress of the Youth's Instructor for the next year. Carried. On motion of Bro. James White it was
Resolved, That the Auditor be paid $10,00 per week for his services in auditing the accounts of the Association. Carried. On motion, Adjourned until 2 o'clock P. M. Afternoon session. Prayer by Bro. Andrews. The committee on nominations presented the following report, viz.: For President, Elder James White; Vice President, Geo. W. Amadon; Treasurer, Uriah Smith; Secretary, Jotham M. Aldrich; Auditor, Eld. I. D. VanHorn; and being unable to agree on a choice for Committee on Publications, reported none. The report of the Committee was accepted, and the brethren reported were elected to the respective offices named. Elders J. N. Andrews and J. N. Loughborough were nominated and elected for the office of Committee on Publications. On motion of Bro. James White it was
Resolved, That the Association pay the Editor of the Review and Herald for his services at the rate of $12. per week. Carried. On motion of Bro. James White it was
Resolved, that the Association pay the Editress of the Youth's Instructor at the rate of $6,00 per week. Carried. On motion of Bro. James White it was
Resolved, That the Association pay the President and Secretary for their services the sums decided to be adequate to their labor by the trustees. Carried. Adjourned, subject to the call of the Trustees.
JAMES WHITE, President.
E. S. WALKER, Secretary.