Clarksville weekly chronicle. [volume] (Clarksville, Tenn.) 1865-1867, 1866-11-16
DIRECTORS ANNUAL REPORT.
To The Stockholders Of The ~. G. A. 4 NJ
ASsociniinn

- Se t,tot""oeocS " tHc IN. v. Il. n III
Association
GKSTLExES--In accordance with your in
structions, we held a FIVE days fair in Ucto
Der, 1866, at which our receipts were, iron
all sources, including some stock collected
about $1,000.
Of this amount, the following sums wer
expended About $1,000 for premiums
! about 5000 for expenses of the Fair, an
about $1,000 to repair the damages of som
seven years. leaving to pay on debts som
$1,000, which.was appropriated thus:
We owed the assignee Of f. Spurrier, 70
the fence, S2,323 % by note, on which
II. Warficld and II. NJ. Dudley were sureties
These suretics offered that if we would %,
one half of this note, they would pay tn
balance and take the same in stock, and thu
proposition was accepted. As no fractional
shares were to be issued, we paid on salt
note $l.l73 20, and gave to each of saiC
sureties a certificate for 80 shares Of stock
and we have the note fully receipted.
We owed Mr.. f. L. Williams, on an nc
cepted order Of Scott & Dale, for part contrac
price Of amphitheater, S597 80, and he pro
posing same terms they were accepted, anC
we paid him 1927 30 in cash, and issued t,
him certificate for q shares of stock anC
have the order receipted.
We borrowed of Mr. s. II. r. Wilson, il
1860, Sl.048, at 10 per cent. He generously
RENTED four per cent. per annum of the in
terest, and offered to take stock for one bal
the amount due him, and the balance will
interest due November, ls67-wh.ch wa!
agreed to.
We owe note in the Bank of Tennessee
for some $l.f5o, principal and interest. a
sum of money was placed in the hands o,
President Warfeld and Director McCuloch
to buy up Bank Of Tennessee money and pay
off said debt. They are now engaged in
executing this order.
We have thus reduced our debt MS follows
Spurrisr's note, S2,323 %; Williams debt
1897 80, and remission of interest and stock
certificates TO Wilson, say 1915, and Bank OF
Tennessee debt say sl.45"-the latter will
take, it is thought, some $3.50. The debt
thus settled aggregates $5.345 So.
We estimate our present debt as follows
Amount due on premiums bought in 1860
say 1880. Balance due S. H R. Wilson
as above, say $3.50; NJ. @. Gholson, for cash
paid by him to take up one note in Planters
Bank, say Sll5O 90; James c. johnson,
borrowed money, say $3.50; balance pur-
chase Of grounds, say 81 300; small claims
say $500; aggregating $4,000, which it |:
thought will cover Indebtedness.
To meet which we have uncollected sub
scriptions $655o 90; l3 acres of land not
enclosed, costing $1,000 90; Fairgrounds
enclosed and buildings, say $4,000 90 ag.
gregating s24.s5O 90.
Estimating that We can realize eff Of sub
scribers one-half gives $3.275, to which add
say $500 for land, yields 81 O75, with which
to pay debts We also have the note of the
railroad for some $1,000, which with the
business and prospects of the road will prob
ably be available hereafter.
The number of shares subscribed for, re.
ported by Collector Rogers, is 562, equal to
Sl4.050, Of which sum he reports $1,000
collected.
Additional stock, not on his books and
paid for, is l6 shares, representing 81 900 CO.
aggregating whole stock at 67S shares, being
$l695
The shares fully paid for are 353, equal &c
$3.50; the shares not fully paid for art
325, equal to S., making up the who |,
stock subscription, Sl6950.
Ot the $500 reported by the Collector
the number Of shares fully paid for is 24O
including four where stock was increased
Add ll3 additional, and the whole humble,
Of shares paid for fully is 1853. The tota
payments on stock, $lO.4O0, are made up Of
the whole and fractional payments. Those
who do not pay up all their stock will los.
what they do pay, and it will be forfeited tc
the association, we think.
AS the last fair was Just after a war, and
the whole damage of seven years had to bC
repaired-we may reasonably expect that the
repairs hereafter will be smaller, and the
attendance and entries more numerous.
Assuming, however, that our receipts will
be $4,000 90, premiums 1890, and expense
of conducting the Fair will be 81 900, we
will have, Now. 1867, arising from the fair
of 1867, balance of $37O0 with which to
pay debts. This added 10 the $4O75 arising
from collection of stock and sale of land
will give us $7.775 to meet the $4,000 debt
and if other debtors take one half their debt
in stock, and new stock be paid, we will have
a surplus after the next Fair.
As to the value Of stock, We compute as
follows:
Shares fully paid for, equal to SO 1926 es.
timated amount 10 be collected SO 275 makes
Sl2loO-yeIdiug net sum annually Of
$500, being over 30 per cent. Deduct ten
PER cent for contingencies, leaves net 20 pei
cent.
We report tue buildings in good preserva.
ton, and we have put in charge OF the prem.
ises Mr. W. Ii. Marshall, for five years, who
will keep the grounds aud fence in repair
and this arrangement reserves one week an.
nually for one fair aud gives us all the priv
ileges during that time.
We recommend that $4,000 more stock be
permitted to be subscribed, all to be paid il
when subscribed-that no one but creditor
be allowed to take more than 500 stock
and the creditor only one half his debt.
This fund can be well used, and SO as tc
add to attendance and entries, and keep up
the per cent. to the stockholders.
We recommend, as soon as practicable
that the following additions be made TO the
place:
l. A Floral Hail. where all domestic pro.
ducts aud fabrics, etc, will remain Oh exhi
billion during tue entire fair.
I'd. A half-mie speed ring for training
breaking and exhibition of stock.
B. A place and power to move machinery
We estimate that annually from ten lo
twenty-five thousand dollars will be distrib-
uted by attendance at the tars-the best
stock, varieties OF products, and labor-saying
machines will be introduced into the coun.
try-and that every mechanic and farmer
will learn his art more fully, and for these
and divers other reasons sc regard the As
ISOLATION as general and local benefit, anC
Il great source of amusement and place fol
recreation. Hence We doubt not many will
be glad TO invest in a paying institution
therefore we propose the limit named.
We take pleasure in stating that the Mem
phis, ClarksyIlle and Louisville, the Edgefeld
and Kentucky, and the Louisville and Nash