Clarksville weekly chronicle. [volume] (Clarksville, Tenn.) 1865-1867, 1866-12-07
DIRECTORS ANNUAL REPORT.
To the Stockhoieier. of the NJ. ca. a n

TO the Stockholders Of the M. C. A. d N
Association. rtH
GENTLEMEs--In accordance with your in
structions, we held five days fair ia Octo
Der, 1866, at which our receipts were, iron
all sources, including some stock collected
about S6.7OO.
OF this afnonnt the following sums wer
expended: About $1,000 for premiums
about 5000 for expenses of the Fair, ans
about $1,000 to repair the damages of som,
seven years, leaving to pay on debts som,
$4,000, which was appropriated thus
We owed the assignee of Il. Spurrier, fo
the fence, $2.323 23 by note, on which G
II. Warfield and II. NJ. Dudley were sureties
These sureties offered that IL we would psy
one half of this note, they would pay thu
balance and take the same in stock, and the
proposition was accepted. AS no fractional
shares were to be issued, we paid on said
note $l.l73 20, and gave to each of said
sureties certificate for 23 shares Of stock
and we have the note fully receipted.
We owed Mr.. Il. L. Williams, on an &C.
cepted order of Scott h Dale, for part contract
price of amphitheater, s597 30, and he pro-
posing same terms they were accepted, and
we paid him s297 30 in cash, and issued to
him certificate for IL shares of stock and
have the order receipted.
We borrowed of Mr.. s. H. r. Wilson, in
1860, sl.04S, at 10 per cent. He generously
remtted four per cent. per annum OF the in
terest, and offered TO take stock for one half
the amount due him, and the balance with
interest due November, 1S67-which was
agreed to.
We owe note in the Bank of Tennessee
for some 81 .450, principal and interest. A
sum of money was placed in the hands of
President Warheld and Director McCulloch
TO buy up Bank of Tennessee money and pay
off said debt. They are now engaged in
executing this order.
We have thus reduced ourdebt as follows
Spurrier's note, $2,323 %; Williams debt,
$597 80, and remission Of interest and stock
certificates to Wilson, say $975, and Bank of
Tennessee debt say $I.45o-the latter will
take, it is thought, some $3.50. The debt
thus settled aggregates S5.345 SO.
We estimate our present debt as follows !:
Amount due on premiums bought in 1860,
say Sl.350. Balance due s. H. r. Wilson,
as above, say $3.50 NJ. G. Gholson, for cash
paid by him to take up one note in Planters
Bank, say 81 l.l5O 90; James G. johnson,
borrowed money, say $l.650; balance pur-
chase of grounds, say 81 300; small claims,
say $500; aggregating $4,000, which it is
thought will cover Indebtedness.
To meet which we have uncollected SUBJ
scriptions $6.550 90; l3 acres of land not
enclosed, costing $1,000 90; Fairgrounds
enclosed and buildings, say $4,000 90 ag-
gregatins $24.85O 90.
Estimating that we can realize off of SUBJ
scribers one-half gives $3.275, to which add,
say $500 for land, yields $4 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 win prob
ably be available hereafter.
The number of shares subscribed for, re-
ported by Collector Rogers, is 562, equal to
sl4.05O, of which sum lie reports $1,000
Additional stock, not on his books and
paid for, Is II l6 shares, representing So 900 co.
aggregating whole stock at 67S shares, being
Sl6.95O.
The shares fully paid for are 353, equal to
ss,S25; the shares not fully paid for are
325, equal to SO, l25 making up the whole
stock subscription, Sl6.950.
OF the $1,000 reported by the Collector,
The number of shares fully paid for is 240,
four where stock was increased
Add ll3 additional, and the whole number
Of shares paid for fully is 1853. The total
payments on stock, $lO.400, are made up of
the whole and fractional payments. Those
who do not pay up all their stock will lose
what they do pay, and it will be forfeited to
the association, we think.
AS the last fair was Just after war, and
the whole damage of seven years had to be
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 1900, and expense
Of conducting the Fair will be $1,000, we
will have, Nov. 1867, arising from the fair
of 1867, balance of $3.70O with which to
pay debts. This added 10 the S4.O75 arising
from collection of stock and sale of land,
will give us S7.775 to meet the $6.700 debt,
and if other debtors take one half their debt
in stock, and new stock bepaid, 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 $685.; es-
,oo 'Gunt Ie'i. " oe ,o!ee'eu $50, makes
S3.7O0, being over 30 per cent. Deduct ten
per cent. for contingencies, leaves net 20 per
cent.
We report the buildings in good preserva-
Iion, aud we have put in charge of the prem
ses Mr.. w. Ii, Marshall, for five years, who
will keen the grounds and fence in renair
amau, s sor aan I ieseraes ONE week au-
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Wo ru,,ns naS .n''s ,nnss .,'ne ooo
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pI,n','eu " pe suoIoi.oeu' al 70 oe paiu III
"neu \" ei,oS NEUTRALITY-SUSPICIOUS. no one oe,a ereunor
~ "a a,iO" ,S' 81 ~ uNe inore 'hnn eiov s'OcA'
anu T,;" 'ae c,nS esor oo on,S QUE one-nali n's ueo''
IA ,a a,,nudan u Ian oe G Seai useu' anu 50 as 70