Daily Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1876-1884, 1881-03-31
THE HORTICULTURAL SOCIETY.

THE HORTICULTURAL SOCIETY
Its Perils and the Remedies VALUABLE
Suggestions.
The following report was present
ed by Gen. J.H. Shields at . recent
meeting Of the Society:
To the Members Of the Southern
California Horticultural Society
The management respectfully
communicate information Of i'm.
minent peril. Your mortgage debt
must be paid. II not paid there
will speedily follow foreclosure
sale and sacrifice Of Horticultural
Hall and lot. A partial payment
might avert the calamity.
The management do not appeal
to you to pay the management
mortgage, but your own mortgage
the mortgage voted BY the mem.
bers Of the society In q meeting
called, held and voting In accord.
ance with the organic and statute
laws of California and che bylaws
Of your society.
The money obtained on the mort
gage was expended In the manner
and for the purposes discussed and
approved by the same meeting oil
the members Of the society which
voted the resolution to make the
mortgage. An itemized statement
Of the disbursement Of the money
obtained on your mortgage WAS
published In the Los Angeles
dailies and In the Hor tiowl tHrist.
A copy Of the H0rtiouItwrtst, con.
tanning the statement, was sent
gratis to every member Of the soci.
ety..
The management have used some
Of the receipts Of the exposition to
pay some Of the heavy interest on
the mortgage debt, and have then
used their private money to pay
the premiums. It was proposed to
repeat this proceeding, to pay the
interest now due on the mortgage
debt. The President and some Of
the Directors agreed to again use
their private means, In aid Of the
society, II others would share the
burden. But what with resigna.
tlon, contemplated Withdrawals |
from the management and absence |
from the county. the burden was
too heavy to be shouldered BY the
remaining Directors:
The mortgage, . gentleman In
every sense, was more than willing
to favor the society, both by an ex-
tension OF time and . reduction Of |
the rate Of interest. But he inter.
posed the payment Of accrued In.
tersst as the reasonable condition
precedent to the extension and re-
duction. It is believed that the
mortgage would still extend the
time and reduce the rate OF interest |
II the accrued interest and OK.
penses OF the foreclosure suit were
paid.
The management could have ac-
cumulated q sinking fund SUFFICIENT |
to have greatly reduced the morl-
gage debt but for the nscess ity I'm.
posed upon them by the society in
the enactment Of the following by.
law:
Article XV.-"The sooiety shall |
cause to be publishe ed In pamp inlet |
forms for free distribution among |
Ito members. the proceedings Of |
each regular meeting, together |
with q synopsis Of all discussions
and all papers Of general interest !
approved BY the Board Of Directors;
also. all premium lists and awards
Of premiums when exhibitions
were held"
1t was for the Society to make
bylaws. It was for the Board Of
Directors to execute the bylaws.
Article XIV. 10 mandatory. There.
fore the Board Of Directors were
left without that discretion Ina.
piled by q law merely directory. |
The Board of Directors had no
choice In the matter Of publishing |
. pamphlet for free distribution |
among the members Of the S0cio.
ty. The pamphlet called the Hor.
tioulturist was therefore issued and |
without charge among |
the members Of the Society. The |
expenses Of the pamphlet amount.
cd to about $800O per annum. Ad-
vertissmsnts and subscriptions,
outside Of the free distribution,
though quite an item, fell far short
Of paying the expenses.
Hence 1t 10 that your mortgage
debt remains undiminished. Aud |
the foregoing statement Of facts
plainly shows the necessity, rea.
condolences and justice of an APP
peal to the members to pay their
mortgage debt.
The Directors are, of course, also
As members, the Di.
rectors are more than willing to
shoulder their proportion Of tho
mortgage debt. The Directors ask
40 allowance, In any shape, for the
Of i've solid months Of
labor done for this Society by each
Director who has been . Director
during the three years ending |
in April, 1881. Neither do the Di. |
reotors ask any allowance for the
money donated by them, nor for |
the premiums awarded to them |
and BY them turned into the Treas.
ury Of the Society. nor for the life