The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-05-04
Deduct Sax per cent from amount "due q
notes and book secouatsn for bad debts. :.

Net capna, socs ...:....''''''...... WITH ~
Nov let look at the financial results Of The buGno1D
from the stand point We have found in 1886
Our present net capital h............. $780, IN 20
Deduct the capital found In 1885,. AL go 70
And we have balance Of profits in capital Of sase %
Since 1889 we lave paid in dividends 70 tho
PAD 70 he cn1rcS scaii. 4. Der .esms.1 an sss 81
Paid TO the Church. South. interest bonds, as2l q
Amount traaasrrea 70 0nc,nnsa Depository
BY order Of General Conference in 1870 los loa 80
Paid on eIpen.ss Of delegates 70
General Conferences, and other
GenerL Oonferenoo expenses. 608l 90
western Christian Advocate,
Hammond Crktian Advocate,
P,tsburg Christian Advocste,
California Christian Advocate
Paid sundry other bills ordered "
by the General Conferences
since 1886, embracing print
ing, expenses Of delegates 10
estimated from reliable data l2,oo4 u
Paid bhhops' salaries and travel.
hpg expenses from 1885 TO-
1870. estimated from exhibit
PAID - per ledger since islo.. lss,sss %
1S0,32o IS
Total profits since 1885,. III - 90
But this showing fails Of doing full juscs 10 Tie Con-
cern-arss, because, - before shown, The sssinaas
placed upon The stock In 1880 relatively much heher
han the present sssmass second bscsuss hs 0esesn
ne General Conference mot brought into M aocouHt, for
the that they were charged II Tie tine dks1y 70
because those branches Of the business WHOM have n,
volved the Concern IN the greatest losses were Instituted
g
oen.
But passing over these important considerations, ws
bias done bsters There are few who were in the book
busness IN 1883 who have mol either fhsd u leest
have gone into the business since have been equally
uniortanase: During all these years Of viuBnRude
the SsS1 nss y.
was able b the recent crisis mot only - meS - engage
meps and pay cash for stock, but actually oaAed No
And all this, time vsen banks, pnblhhIng houses and
osher business ESTABLISHMENTS were failing On every side
many are there Today worth one hsH The amount ssi
the Ouncern has actually made and paid out dlydends?
N.y We nigh. 81 how many are there who - vorA =
suppose tho most successful Of them had besn actually
drawn upon for dvidends, and had been obliged 70 pay
Concern has done 70 the Church SOUTH what vould
hsve been the result II private establishments have
Sussss: whereas sen .Ss BOOK osno! SSns Ssss
os!,s'd v % 'arS ~ prOass .s svsy ioS - ,1 sSs
Of The whole church, divided 4. capital WIN e Hurch,
South, and Cincinnati, paid the salaries and tuveMng q
isrsposs 40, &c, q an average q nearly thirty s0hs
thousand dollars Per Annum since 1885, and increased ~
Nov, suppose the agents had turned the large profits Of
the Concern into their business and thus saved then
srs the nssre nat they have been Obliged % pay ].
profits Il legal issrsss ma Kept hsm ana Their proceeds
OOnosrp 10 csyS who VIZ take the trouble 70 make Shs
oslculatop9 We have mot found time 70 do y, have
oonv ,fSs any one isn.r With sSurss s u oagsss
would have been counted by millions rather thar thou