Clarksville weekly chronicle. [volume] (Clarksville, Tenn.) 1865-1867, 1866-11-30
DIRECTORS ANNUAL REPORT.
To the Stockholders Of hs N. G. A. 4. 4

1
To The Stockholders Of The N. G. A. T. N
Association: 1s.yfr..-,, q. q.
! GENTLEMEN--In accordance with your in
structions, we held FIVE days fair in Octo
ber, 1865, at which our receipts were, from
oil sources including some stock collected
about S6700.
OF this amount, the following sums wer,
expended: About 1900 for premiums
about, S900 for expenses of the Fair, ant
about $l.500 to repair the damages of somt
seven years. leaving to pay on debts son,s
$4,000, which was appropriated thus
We owed the assignee Of H. Spurrer, fol
the fence, $2.323 30 by note, on which q
II. Warfeld and II. NJ. Dudley were sureties
These sureties offered that If we would pay
one half of this note, they would paw the
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 20 shares of stock
and we have the note fully receipted.
We owed Mr.. Z. L. Williams, on an ac-
cepted order Of Scott Il Dale, for part contract
price of amphithcater, $597 80, and he pro-
posing same terms they were accepted, and
we paid him S297 30 in cash, and issued 10
him a certificate for IL shares of stock and
have the order receipted.
| 4, We borrowed OF Mr.. S. H. r. Wilson, in
1860, Sl.04S, at 10 per cent. He generously
RENTED four per cent. per annum OF the in
lterest, and offered to take stock for one halt
the amount due him, and the balance with
interest due November, l867-whch was
agreed to.
We owe a note in the Bank of Tennessee
for some 81 .450, principal and interest. A
sum of money was placed in The hands OF
President Wnrfeld and Director McCulloch
to buy up Bank of Tennessee money and pay
off said debt They are now engaged in
exerpting this order. Y ~. = ~
We haye thus reduced our debt as follows
Spurrier's note, $2,323 30; Williams debt,
S597 3d. and remission Of interest and stock
certificates to Wilson, say $975, and Bank of
Tennessee debt say 81 45e-the latter will
take, it is thought, some $780, The debt
thus settled aggregates S5.Bib- SO. S;trE
estimate our present debt as follows !:
Amount due on premiums bought in 1860,
say 81 .350.g- Balance due s. II. r. Wilson,
as above, say $3.50; M. G. Gholson for cash
paid by him to take up one note in Planters
Bank, say 81 .l50 90; James @. johnson,
borrowed money, say 81 $50; balance pur-
chase Of grounds, say 81 300; small claims,
say $500; aggregating $1,000, which it is
thought will cover Indebtedness. ..t....
To meet which we have uncollected sub
scriptions $6.550 00;13 acres of land not
enclosed, costing Sl.3O0 90; Fairgrounds
enclosed and buildings, say $4,000 90 ag-
Igregating S24.s50 00. ,.....i .. ......S
Estimating that we can realize off of sub
scribers one-half gives $3.275, to which add,
say $500 for land, yields 81 075, 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
sl4O5o, Of which sum he reports $500
collected. ...... f.
Additional stock, not on his books and
paid for, is l6 shares, representing S2 900 90,
aggregating whole stock at 67s shares, being
Sl6.950. N'F
The shares fully paid for are 353, equal to
$685. the shares not fully paid for are
325, equal 70 SS, 1875 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,
including four where stock was increased
Add ll3 additional, and the whole number
of shares paid for fully is 353. The total
payments on stock, Sl0.400, 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 10
the association, we think. r
AS the last fair was Just after a war, and
the whole damage of seven years had to he
repaired-we may reasonably expect that the
repairs hereafter will be smaller, and thu
attendance and entries more numerous.
Assuming, however, that our receipts will
be $4,000 90, premiums ] 800, and expense
of conducting the Fair viii be $1,000, we
will have, Nov. 1867, arising from the fair
of 1867, a balance of $3.7OO with which to
pay debts. This added 10 the $4.075 arising
from collection of stock and sale of land
will give us $7.775 to meet the Sc. 700 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 $s.s25 es-
timated amount TO be collected 50 .275, makes
$l2100--yielding net sum annually of
$1,000, being over 30 per cent. Deduct ten
per cent. for contingencies, leaves net 20 per
cent.
We report the buildings in good preserva-
ton, and we have put in charge OF the prem
ises Mr.. W. III. Marshall, for five years, who
will keep the grounds aud fence in repair,
and this arrangement reserves one week an
nually for one fair, and gives US all the priv.
ileges during that time.
We recommend that $4,000 more stock be
permitted 10 be subscribed, all to be paid in
when subscribed-that no one hut 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 TO
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 and fabrics, etc, will remain on exhi-
bition during the entire fair.
I'd. A half-mile speed ring for training,
breaking and exhibition of stock.
3. A place and power to move machinery.
: We estimate that annually from ten TO
twenty-five thousand dollars will be distrib-
uted by attendance at the fairs-the best
stock, varieties of products, and labor-saving
machines will be introduced into the coun-
try-and that every mechanic and farmer
VIII learn his art more fully, and for these
and divers other reasons we regard the As
sociation rs a general and local benefit, and
n great source of amuseuent and nlaca fnr