The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-02-28
INTERSTATE FAIR ASSOCIATION.
Reports Submitted at the Annual Nee
ipe-Ofacers Elected.
Special to The Jersey city Ne,os.

ipe-Oficers Elected.
Special to The Jersey Citg Neacs.
TRENTON, Feb. IS, 1S93.-The annual
meeting of the Interstate Fair Associa-
ton was held in in the DON of the Board
of Trade on Saturday, and the reports
presented proved highly satisfactory to
all concerned. They tended to show tina
the affairs of the Association had been
well handled. and that the fair of last
year was a great success. The report OF
the Treasurer, Mayor D. ], Bechtel. was
the first ope presented. On the debit
side 1t showed a balance on Feb
ruary 81, 1892, of 1874. 90; the re-
ceipts from the fair Of the same year
were s62. 064. Is. and on notes discounted
the sum of $500, making a total OF $685.
1913. n. On the credit side 1t showed that
the fair expense account TO
SAG, S7S.4 3: the building and Improvement
account was credited with s5,55S.9 S; there
was So, 900 to the dividend account, and
the sum of $500 was paid on notes. The
credit, sum total amounted to $685. 40,
leaving a balance in the treasury of
SOL. 81.
THE sEcRETARY's REPORT.
Secretary John Guild Muirheid's report
was then read. From it the following
figures, which go TO show the financial
standing of the Association, are taken:-
Gross receipts of fair, $50 64.7 70; expenses,
$40, S7S.4S net profit. Si2, 1876. 81 This amount
was dIsbursed as follows;-Dividend Of 9 per
cent, 26, 200; expended in permanent improve
ments ard betterments, ss,55s. 81; paid
on account of note indebtedness, S1,S00;
balance on hand, ss7.a5; total. $ls-
buildings and Improvements, S1.s. $780, 5 furni,
ture and fixtures, $5,47423; cash on hand.
SCI. 81; total, S14S,657. sc. Liabilit:es-capital
divided profits 1888, Sa,7s7.OT 1850, SIS, os4.1
1880, 5 9.95a.60; 1891. $9,s4'.54 total, S14s,e57 &c.
IMPROVEMENTS.
The improvements made were given In
detail end proved very satisfactory. The
Board of Directors adopted the report Of
the Secretary IS It's report to the stock
holders. In reference to more grand
stand room the report says: '"The demand
for more extensive grand stand accom-
modatIons has become imperative, and
your Board of Directors, after mature
consideration, beg to recommend that a
resolution be passed by the stockholders
authorizing the sale of stock up to the
amount of $3.50. 900, the limit of our cap
ital under present corporate rights. This
will enable The improvements, which
seem to be positively necessary for the
advancement and development of the in
terests OF the association"
All the officers were reelected wi tn the
exception of the vice president. To this
office DIR. William S. Labor was elected
over Benjamin Briggs Of Bucks coun ty.
Pa, by a majority. of LOTT votes.
The following named gentlemen comprise
the Board Of Directors:-Thomas
B. DeCou, A. S. Leigh. e. M.
Cof1eld, T.. =. Risdon. Charles H.
Skirm, John H. Scudder, Charles A. May,
Joseph S. Mount, Franklin Dye and Nah
lon Margerum. The term to which Mr..
Margerum was elected expires next year.
all the others expiring In 1895. The Board
will meet in the near future to ~re-elect
the secretary and treasurer.