The Orangeburg democrat. [volume] (Orangeburg, S.C.) 1879-1881, 1879-02-14
AN INTERESTING OCCASION.


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AN INTERESTING OCCASION.
%
ANNUAL AIEETiNG OF THE sToCKHoLD.
EKs OF THE oRANGEBURG AGRICUL.
TURAL AND MECHANICAL AssoCIA.
TION.
The Orangebhrg Mechanical !. end
Agricultural Association held their
Annual Meeting in the Fair Building
On Saturday the 9th instant. Capt.
Mortimer Glover was elected chair
man, and Mr.. John H. Heidtman,
secretary. A committee of three on
proxies, consisting Of Dr.. w. F. Bar
ton, Hugo G. Sheridan and L. R.
Beckwith was appointed, and after q
few minutes absence reported 119
shares represented. The chairman
announced quorum present and that
the meeting was ready to proceed to
business. The minute5 Of the last
meeting were read and confirmed.
The report of the president and di
rectors was read, also that of the Sec
retary and treasurer, and On motion,
were received and adopted by the
meeting. The reports are as follows !:
The Board of Directors respectful.
ly submit theirIreport of the transac.
tions of the company for the year
1878, in short and concise manner.
Although !, the report is not fnans
cially as favorable as they could wish
yet they feel that they have done
their duty, and the fault does not lie
with them. The general indebtness
Of the Association remain without
material change from l2imonths ago.
The scattering bonds that have been
drawing heavy interest bave been
united in one at lower rate Of inter-
est, and they present the property to-
day, in good condition, and in the
opinion Of the Directors, equal to any
county association in the State.
REPORT.
JOHN L. HEtpTMAN, SEC. & TREAS.
In ape. with the O. A.. 6 M. A.
/ DR..
To cash received or X. Rob, e T. yr..:.
inson, ex-treasurer........ 30 60
",Cash received for reat ~
Of buildings & grounds....125 65
$ Cash received of Citizens i, /.
Savings Bank........S!".s S"s.::.."",.8 25
Cash received of the Fair..7O3 81
Moorer, Loan..............1195 96
&C Cash advanced by Treas.....2 O6
Total. 49,. .aa.. ..s2os2 os
Cr.
BY Cash paid Premium on In
surance.. .............-......$45 90
=" Cash paid Town Taxes ~
on property. y.....................8 90
Cash paid on expenses Of
Ealr.. 6U
Cash paid on State and
County taxes. 81
t"aCash paid for incidental j.,
expenses. .....................1 10
" Note. and interest of r1 ~
Mrs. Dibble.. 08
On Note and Interest of
Mrs. Fielder. er..................72S 90
Son Note and Interest Of
MIR. Keller. ...................133 40
+" On Note and Interest of
Mr. Morse... ...86 48
I" On Account and Interest
of Mr.. Lucas..... 90
.C!.i ~ = Eftf'r s;
Total. ...$2O32 O3
ASSETS.
Real Estate ant, Personally. .626S Al
Bal. due by OFT. Say. Bank. .....25 "a
Balance due on Shares. 80 90
Premiums on hand. 90
LETS - ,a,tt $50 81 .aea =.
Total. ......'...................$636S IS
q. AZ. LIABILITIES.
Amount of Capital Stock
i Paid idin...."..."..........5565 90
Bills Payable. ................."1195 So
Int, on Debt to Feb. 1, '79......48 81
Amount Due Treas. .....62 O6
Total. ."........$6S71 sc
l.,..g .ToTAt INDEBTEDNESS.
Bills Papable.. ....1195 96
Interest or Debt. &. 80! I. !.s....... 48 64
Amount Due Treas.....,......:.....62 O6
4 A..
Total. ........................".B13O6 &C
Building insured IN. the ,Tex-i ~,
oI as Banking and Ips. Co.. 1900 90
',". Insured in the Peters = r !.