Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-05-23
PRESBYTERIAN.
Second Days Proceedings Of General As
| sembly Sitting at Louisville.

sembly Sitting at Louisville.
Compiled from the Louisville Courier
Journal.
On the first day of the meeting O
the General Assembly nothing of in
terest beyond organization transpired
On the second day Friday last the
Moderator, after the customary re.
ligious services, announced the stand.
1 ing committees.
A communication from a minister
of the Presbytery OF Cherokee inquir-
ing into the propriety of relinquising
his ministerial Office was referred TO
the Committee on Bills and Overtures.
Rev. DR.. J. J. Lyon stated that a
memorial from the Synod Of Georgia,
in relation to a university, would be
presented TO this body, and he moved
that it, together with all other papers
upon the same subject, be made a
special order for Saturday, the 2lst
inst, at 10 o'clock. Adopted.
The Executive Committee o! Pub
licatiOn presented their ninth annual
report, from which we extract the fol-
lowing statistics: fThe receipts from
the sale of books have been 50, ,2I4 II,
/ from subscriptions to the Chitdren's 8
! Friend 1851 81, and from contribu-
tions by the churches SS4l5 80, bal
ance on hand at last report $2244 Sc,
| making the sum total of cash TO be
accounted for S35, 457 24a In the mean-
! time, our expenses for stock have been
81, 1884 O6, TOR printing Chitdreg'S s
I Friend S2377 so, and Office expenses,
including salaries, rent, pOstages, in
surance, stationery, ETC., $T344 O6,
This leaves a balance in the treasury
on May 1st of $275l 81. Bills payable
by the COMMITTEES on the first of May
] are 1914 II, which sum deducted from
/ the preceding balance, leaves an ac-
tual cash balance of 1896 81 over
I'D above the claim resting on the
committee. So that we have now the
pleasure of reporting that the debt
which has rested on Us for three
years has wholly disappeared, and
! that there is a small cash balance on
hand, sufficient to meet our existing
contracts, and to prevent the likeli-
hood of present embarrassment"
In addition to the sales OF books,
81, PA ", and receipts on account OF
the ChRdnea's Friend, 1851 80, dona-
tions of books and tracts have been
made to the value of $S669 f5s end the
sales of books is entitled to be aug
Inented by tae amount of cOmpensa-
ton paid to our ccipOfteurs, which
was retained by them, out of their
sales, viz, $i42A 9S. The whole cash
business done during the year
amounts therefore, in the aggregate,
to the sum of SIS, ,291 Is. The amount
of our business for the previous year
was S27, ,4S3 So, showing an increase OF
business during the year OF SlS01 %.
The larger part OF the sales have
been since the first of the present year.
The many discOuragements which fell
upon our people from political and
commercial causes, produced 2 poark-
ed eject upon our business, and, dur
ing the summer, bgt especially during
the fell and earlier part OF ths winter,
the result was specially discOuraging.
Since civil and commercial Affairs
have begun to flow in their yOnted
channels, the evidences Of returning
confidence have shown themselves IN
the heslthful state of our treasury, and
the Increase Of Ogr business.
The assets of the committee, on the
Ist of May, were as follows: Stock,
S2S, ,I27 81; store accounts due, Sll ,6lO
p; and cash in the treasury over the
amount of the bills payable, Sl9O6 81
making a sum total of S4l, ,644 l6, and
showing an increase on the assets of
last year of $4S24 AZ. But in the last
report, and in the above statement,
the stereotype plates are given at their
cost value. AS was intimated in the
last report, this makes an over-esti-
mate. The proper deduction from the
above amount to reduce it to fair
valuation would be S2593 SO.
Hence, the value of our assets is
S39, $50 p, if there shall be no loss in
the collection of the debts due Us.
At our last report the amount OF
the endowment capital was $50, ,322 10. !
During the year donations have been
received to the SUM Of SS4l5 so. Of |
this sum $4494 43 has been used in |
colportage and in making donations,
which leaves S392l 81 to be added Il
our capital, thus raising the endoV;
ment to S34, ,243 81. As our assets are, |
according TO the above estimate, $780, |
$50 p, our business up to this time |
has paid all expenses, and gives us a |
clear profit over the capital invested |
of S4SO6 so to cover all risks of loss |
in the collection of accounts. and in |
the various mischanees of business. /
The great fact which it is Important |
feT the church to know, is, that it IS |
put to no expense in the eonductins /
of this important agency fox prOmot- |
ing the cause OF Christ, but that the |
business pays its own way, the profits |
covering all expenses, To do this on |
an inadequate capital Is a work OF |
much labor, and requires constant |
watchfilness. We feel thankful to |
God that we have thus far been sue
cessful in our efforts, and that from /
the first we have been able TO carry |
ON this work without drawing on the 1
funds of the church for the expenses |
of managing the business.
The number of volumes printed !
during the year has been A 800, of |
which IL 559s are unbound, or at the |
bindery. Cateehisms, 2 ,5OOi book OF I
church order, 1000; tracts OF various |
sizes, I59, 700; catalogues, 5000; annual
report 1850; church blanks, $3.50; sys- |
tematic benevOience envelopes, 1885, |
240. The number of pages OF printed |
matter is 1890, 100.
The following tabular view OF the |
and contributions from |
the churches of the different Synods
for the year 1869 will be interesting
and mat frl1qfiuRs