New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-10-13
ar TELEGRAPH TO THE TRIBUNE. 4

Madison. Wis. Oct l2-The. chief interest in the
meeting OF the American Board to-day has centred
In the report the financial question. This was
presented at the close OF the meeting and is as fol-
lows
In the limited time at the disposal of the commit.
tee "A detailed report is impossible, but after fun
Of his nrivaie account the committee finds the
dtion OF the finance. to be as foIlows The e debt
the free in the treasury is $4,000 Against
this balance the board holds ssa3le real sssss
10 nearly three times this sum- The balance OF deot
H. $1,000. These free assets are securities oe;ongns
TO me nd 3r and "na the board so voted se securities
could be sold and the proceeds appea 10 b .ne en
Mite falls to see that this course would accomplish
any real good Money can be borrowed on tnsse
securit-. 20 an amount aprroximatins their reat
value 50 that the board can obtain as mucn money
by borrowing a. II can by selling me rate OF IN
tons Is about per cent. ard may be sateIy cai.
cuiate at not more than per cent Inc secudiies
by borrowing Therefore. instead OF selling, NOT
s. than per cent Hsr a~ o S Sa this s mas:
OF securities to fall back upon and 10 raise money
s'~@s ease and Security to the financial manage.
ment. Il Is a sort OF oiahce- "hrei Wnlc" ,ss
steadness and uniformity 10 the operations u 'ie
financial system
A further reason FOR not selling is that the Sc
curities are increasing in value. The committee
therefore. reports back the resolution which was re.
ferred 70 I; and which provided for the sale Oh
these securities with the Recommendation tnat
DO not pass. -
Looking at the general financial condition. ne sn
committee fails 10 discover any grave cause 10.
alarm .s1 ,vs he wan to despair Is Ne have been passing
through period Of very great business d.prsnss \,
Increased contributions will flow into our treasury:
The committee do not venture to prSPnesy Iu nro.
duce very considerable increase in our reeeip's;
for the current year slight en kan ise con-
sttuency from which the board DERIVES us ssse ,hsn
must be enlarged. In some OF our states less t,an
half of, he churches
10 the treasury OF the board In these states ms
10 what has been accomplished by the admirable
organization OF the Womens board. iour ev
mee cannot believe that this is due TO an and
systematic effort be made to enroll every Gonsress
member as a contributor TO the board, 1t Is not
question OF giving muca, IL Is ruS with ~ them
a special blessing. and the treasury will be fah
Appended to the reports were the following reso'
buttons: 49,
Resolved. That the resolution submitted 70 t ,mS
be adopted =. ,,,..
Resolved. That cooperating committee o. aiI
Of ns Of Ga may sH
appointed. whose duties shall be to increase '1 "a
contributions to the treasury OF the oGara io ana Ais
creion for carrying the plan OF obtaining con,
trbutlons from every church and from every church
member
There was some discussion. Drs. Thurston ans
Magoon especially opposing the first resoiu''0n'
but both resolutions were adopted by large "s'
jorty
Other features OF the morning session were -
interesting address by DIR. J. ID. Davis. OF Japa'-
upon the crisis which has been experienced III III.
native churches but which. he thinks. Is oye,.s
report on the Home Department, by Or 1a.hst
Brand. OF Oberln recommending earnestly . va
there be falling back, but that the cnu. . nv
be urged increase their gifts and addressess tr.
Drs Richards. OF Philadelphia. and Wells OF Mill
neapolis, along the same line. ,...ss
In the afternoon Mr.. Moody made an addInS Ss
and communion services were conducted ps ths
J. d. Davis and r.. b. Webb. Then came "a
business meeting for the election or omce,s ~.
corpora e members. Three OF the Prudential .S.s
mittee sent In their gnatons-Joseph 8 hgT ~t.
OF Boston, on account OF his health. ana Dr ..h.
tie OF Amherst and A. l.. Wtlliston, OF .o ,hs
ampton, on account OF inability TO atteno .enk
meetings Secretary Clark's resignation sisI ,Sout
effect. The following officers were elected vr,hsSd
dissenting vote: President the Rev. p r S'P ra.
Dental Committee Cfor three years. the hs'' Eli.
b. Webb. G. Burr. the Rev. DR.. II. PUMP = ,r "a
son; for two years u. Whitcomb, the Kew ~ the
Vose, ]. NJ. W. Hall. ID. Hyde; for one yer,' he
Rev. DIR. Elijah Horr the Rev W y J.. r,rre.
Rev DIR. n. Boynton. Charles A. Hopkins eSn,,sS
spending secretaries. the Rev. Dr. yudsoh rtcn
the Rev DR.. II. Daniels the Rev: Dr. H. pa n, a..
recording secretary the Rev Dr. H. A. stiMsop: pack.
sIstant recording secretary, the Rev pr; n samuel
ard treasurer Landon g. Ward AUDITORS '""
Johnson, II. Stearns and II. Baker. -. ,rc,ud.
Several corporate members also resigned Itn ua
ing Or. J. l.. Withrow, OF Chicago; n :. m.nSSSld
T.ss. IA Ike evcu.n. fresidsnt 0ter1 Hsye
anausl eddSooS N the CongyoDeoeoAs SessC -