The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-10
BOARD OF TRADE ANNUAL
MEETING NOT LARGELY ATTENDED,
BUT FULL OF INTEREST.
Report of Secretary Smith show,
the Organization to Be Flour
ishing Financially.

The annual meeting of the Board of
Trade was held last night. The attendance
was by no means large. fact which oc-
casioned considerable adverse comment
from the faithful few who were present.
The lack of numbers was. however, made
UP in interest and attention TO the pro-
ceedings. Among those present were John
S. Lazarus, president Of the Board of
Trade; Jacob w. Smith, secretary; H. S.
Byrlit, assistant secretary. and Col. /.
N. Gordon, Major Taylor. Horace E. Kin
ney, former president, Charles A. Book
walter and George III. Evans. The only
business of Importance was the reading
of Secretary Smiths annual report, which
was of the kind known in newspaper par
lance as "voluminous." The document was
listened TO with close attention, however,
and signs of pleasure at the splendid show
ing it made were plainly visible on the
faces of members. In connection with his
report, Secretary Smith read the report of
the special committee appointed by the
president to audit the books and accounts
of the secretary. This committee was COM
dorff and Allen w. Conduit, and reported
tries for receipts and vouchers for dis
bursements, finding them correct and in
accordance with the annual report.
The secretary's report was for the fiscal
year from May 81. 1899. to June !, 1900. 1t
showed a balance on hand from the last
report of s6.2Sl.29; receipts aggregating $685.
2S4.74 making total balance of $50, 516.03.
Among the interesting items of IRE
ceipts" was that for the suffering in the
great India famine. amounting to So, 777.64,
which money has been forwarded to the
proper distributing point. Fifty-seven dol
lars was also received for the Porto Rican
relief fund, and draft for the amount
sent to the designated agent. The annual
dues were $685.. The total disbursements
footed up $2S,4fj.19. Included in this amount
were office expenses Salaries and all other
office expenses, such as postage, etc., 49,
lZ21S; building department, $,06S. IS; inspec-
ton department, $2,7S250; public affairs,
S224.5I; general expenses, $3.50. The item
OF disbursements noted as public affairs
included such charges as expenses of the
committee on track elevation, $95.75; spe-
cial committee on natural gas, $1S.S2; dele
gates to the trust conference at Chicago,
S21.45 A broad grin spread over the faces
of those in the hall when the "contribu-
ton to Dewey home fund. $780, was read
by the secretary. Some of the members
remarked after the meeting adjourned that
they wished they had that money back"
A PLEASING ITEM.
A pleasing item in the disbursements"
account was dividend declared, s411450
The cash balance on hand was announced
to be s4.07O.s4. which was pronounced a
fine showing.
The account of the mortuary fund also
made good showing. This fund is made
up of assessments of 81 on each Of the sur
viving members when a death occurs in the
association. Disbursements are made from
II to the family or other heirs of deceased
members. This fund showed receipts of So
O30 and disbursements of $500, leaving a
balance of $57 The financial portion of
the report was brought to a close with a
statement of assets and liabilities the
former S9S,6i7.S2 and the latter $3,6726l,
making net resources $94, 9741. Among the
assets the building and ground owned by
the Board of Trade are listed at $565S5. %;
the bills receivable" (money of the organ
ization loaned out), $50, Isl. The rental value
of the building. which is tenanted princi-
chants, was given as $500, a slight de-
crease from last year owing to loss of a
few tenants.
The statement of membership followed
the financial part of the secretary's re-
port. By the rules of the Board of Trade
1t can have no more than five hundred
members. In the past year Ii has lost. by
death and otherwise, is, and gained IA
making the number at present 49S. There
is a total special membership of five. Spe-
cial members are those who pay annual
dues, but no assessments and hence do not
participate in mortuary benefits
With the motion to adjourn President
Lazarus admonished those present not to
forget the annual election of officers which
takes place tomorrow. A new president,
vice president, treasurer and board of gov
ernors, consisting of twelve members. are
to be chosen. ID. Nj. Parry is a candidate
for president on three tickets. Considerable
electioneering is being INDUCED by several
OF the candidates. Thus far this has been
confined TO personal letters TO members.
urging them to attend the election, and, if
consistent cast their votes for the writer
OF the letter.