Daily Los Angeles herald., 1879-03-14
Dash RECEIPTS.
81 ,5O3 90 Sl2.641 So

Exohanpe e. Il w
$l,5O3 90 S12.641 55
This statement shows the healthy
growth of the society, and particu-
larly the receipts of its journal.
Soon after the annual meeting of
1s7s the society secured State APP
propriation Of $2,50e; one-half of
which has been received. The
Board of Directors Immediately
took steps to- erect a pavilion,
using the State appropriation as |
basis for raising funds, securing |
the authority of the society at its
June meeting to use the State ap-
lpropriation for that purpose. Hon.
r. Beaudry. donated to the society
q property on Temple street, the
estimated value of which was
$4,000, for o pavilion site. |. w.
Lord also donated lot in the
Wooden Mill tract, the estimated
value of which was $3.50. which the
society still holds. 49,.
Funds were then raised on life
memberships and donations, and
the pavilion was erected IL be-
came necessary, in order TO put the
building In shape to hold the Fair
last October, to spend more money
than could be raised In the manner
above described, and to cover this
extra outlay the pavilion lot and
building was mortgaged Tor SIS, 900,
the loan 10 run two years and bear
interest at the rate Of Is per cent.
per annum. 1t was the intention
at the time the loan was made, to
expend $500 more in enclosing the
towers Of the pavilion, but the ina
bility Of the board to collect por-
tion of the subscriptions to the
Building Fund has made it imprac.
IicabIe to complete the work. In
consequence of the stringency of
the times, the Treasurer still has
over $500 Of uncollected subscrip-
tiOns In his hands. If these could
be collected at once they would be
more than sufficient to pay the
.overdraft on the treasury, and per-
form the work contemplated ON the
towers of the pavilion.
The Fair last October was a
financial success. The total re-
ceipts, outside of the memberships
and dues paid at that time to secure
family season tickets, amounted. to
$2,070.50. The expenses of the Fair
were $l,294 3S, and the premiums
paid Ia large portion of which were
returned to the Society in the way
of memberships, dues and dona.
tions) amounted to $757, making a
total expense of 81, ,050.3S, leaving
q surplus of receipts over expenses
Of $20.12, which would be increased
to some $I,20o.00 by adding the re-
ceipts, during Fair week, on men,
berships and dues.
The Horticult,HSst has been self
sustaining during the past year.
The receipts have been as follows:
Subscriptions, $405. so; advertising,
$879.70; received from agents Sub
scriptions), $103. 81; and dues, $s64.-
rs; making total of So, ,150.55.
There Is also due on adv ertising
SEQ 80, and on subscription notes
.$33S.50, of which, probably, $500
will be collected. This amount
would increase the revenue of the
journal to S2,650.55. The expenses
have been as follows: Printers
bills, .S1,0S9 "a; EDITORS salary,
81, l,200-a total expense of So, $50. "a.
This leaves surplus of receipts
over expenses, on the publication,
Of $360.S1. There have been some
other expenses connected with the
publication of the Horticulturist,
but, on the other hand, the entire
salary of the Secretary and editor
has been included in the above es.
Inmates, while much of his time
has been devoted to other work of
the Society. These figures leave
the item of contributing member
ships -$826-to be applied towards
the other expenses of the Society.
The expense account of the Soci-
ETY. during the past year amounts
to $960.45, but a large portion of
this amount was expended in con-
nection with the erection of the
pavilion.
Last Summerthe Society secured
donations in advertising from
many of the newspapers of the
State to the amount of ST. ,075, near
ly all Of which was used up in ad-
vertising the October Fair. When
ever the subscription amounted to
$25 life membership was given for
the advertising. In two instances,
in settling with publishers their |
full bills were allowed, aud then |
credit In cash was given for their |
subscriptions of $50 each, amounting |
to 500. The other subscriptions do |
not appear in our cash account, but !
do appear In our life membership |
and horticultural Society accounts,
them disagree with the
cash receipts from those sources.
The liabilities of the Society al the
present time, in addition to the
IS, 900 loan, are, outstanding war
rants amounting to S1991 II and
81. .25O due our lumber merchants
Tor lumber for pavilion, which last
amount will be paid by the balance
1f the appropriation when received