New-York tribune., 1876-05-08
THE XETHODISTs At BALTINORE.

STATEMENTS THAT TIE WESTERN BOOK CONCERN
is INsoLvENT-i REPLY THAT TnE ASSETS ARE
OVER 5000, 0OO IN EXCESS OF lis LIABILITIES
FORMAL INTRODUCTION oF THE BRITISH MIS-
sENGEI-HIs ADDRESS.
BALTIMORE, Md, May T.-At the opening of
thc Conference yestcid1y morning a communication
Bishops read, expressive Of pleasure and
qualification the manner In which the frdternal mes
sonces from tie last General Conference had been re-
cciyed by the General Conference OF the Methodist Eps
copal Church South The paper adopted and ordered
10 be published with the address OF the Bishops. The
Rev. j. Laaahan pres nted communication signed hy
certain ministers of the Methodist Church In this city.
wi ch was referred TO the Committee tic Book Con
ccrn without being read The paper treats Of the man
agcnent the several book CONCERNS and concludes
follows:
The following conclusions Il TO your petitioners
naturally suggcet themselves ~ the outcome of The
Firsi that the Ncw-iorE Concern is IN q sound and
safe financial condition. with abundant means aud re-
sources to pay every dnllar of is indebtedness
second 1na from The large amount OF capital Invested
tcrcin-now II 600 aud TIE steady increase ~
the amount o sales reaching mo-" S9OOUOO-ihefe should
be - better income than per cent. .
Ttird 1nat the Western Book Concern = practically
in,ogcnt Ito liabilities now hciug SiO-iO aJ over IL,
available assets and requiring The sair aId conversion
stock - books and stationery ia The houses of
Cincinnati, chicago, 81 L<5li. and Atlanta Tor ne pay
nent OF ia outstanding obligations ia order TO make The
TourtA Tat while tho receipts Q, the Western aoo,
Concern Tor tue qadfcuBuin IRON sales average S'oV
per cent, aUn tat dn4ns oc year TN Concern actually
iaed TO meet rs eAI'snses. -
tiUh Ac church needs huf one printing ana puO-
ll-Llig house. With GcpOstDrcs located where needed,
and thit Two certainly too nany wien oLo is III
EOlgeut.
SiIh Thn. the Periodical Department OF tho Western
Concern as now constituted constant aud increasing
los church. and tht fewer pub ica,uus would not
Only meet wants OF the church, uut would result la
placing tEem upon ant r1iind financial ba-ir.
StrtHM Ilit tle General conference saoslid hLicuy
require %. The agents m.iuCe VITA c'ioh 40
Of Ihc scinr, aud ~ iis pfcs'n; session dcnad ion
them uat tncy In thr.r report the amount ol
s4cs receipts and expenditure Tor buoAs, periodicals,
aut dcpositarcs under hrir contro', with whatever
PROFITS may have occurred ~ each, AMI ~ duty
bound, &c.
II may proper 20 add ir connection with the above
statement mat the report o o B,J. Committee the
Western Book Concern p seated yesterday. makes The
assets S9s7749 l6. ana iabii.s ,A'5is3 ij, show
lug which differs widely from ilc above.
The concluding portion Of the paper presented by the
Rev Dr. lnahau in the Conference yesterday morning
m reie the Book Concern having been sent . inc
Associated Press the following IA furnished tne press;
The abatement of the insolvency Of The western h"tho-
d-, BOok COnscTu at Cincinnati contained ~ The memo
rial presented 10 General Conference through the
Rev Dr. IahHhan and given To the As-1ciat"d Press,
utterly Its assct5 arc S'DJ2S5 13 IN excess OF
lis liabilities pTpI,s TIC past fuus years were
sSOGSB O5, aud the Concern Is unemDalrdfsrd. It's
business has stanty ,ugeryfed and It's assets
and accounts carefully examined aud estimated By inc
committee of three business aymen appointed by tue
lat General Conference, namely. Amos Shinkc, James
T. Kiibrcth and r. 4. W. Bruehl whose separate report
fully cOrTODOTates the report OF the book agents.
HICHCC,K & MALDES, Agcnts.
AMOS SnfSKLE ROBERT H. QULAl, CHAs. W. ROWLAND.