The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1908-05-15
Committee Report Shows How Money
Has Been Carefully Spent.
AMOUNT DUE ON INCUBATOR SHOP
Matter of Entertaining the Excursion
lists From Milwaukee Laid Over
Until Next Meeting.

The greater part of the time of
last evenings meeting of the Mankato
Commercial club WAS given up to a
discussion OF its financial condition.
Dark as it is, the clouds are already
beginning to break away and in a
feet again, prepared to go on with The
many activities that lie before it..
Under the able leadership of its presi-
dent, John Nyquist, assisted by loyal
members, the debts are being cleared
up and the membership enlarged.
Professor C.. c. Owen read the re-
port of the committee that was APP
pointed to audit the books of the
club for the year ending March 81.
The receipts were found to have been
only $l,5S5.23, of which $37O.23 was
on hand at the beginning of the year,
81 ,l9O was collected in dues, and $25
was advanced by the secretary.
The expenditures were $l,570.69,
leaving balance of SLASH. The larger
items of expenditure were the follow
ing: Secretary's salary for eight
months, $780, office expenses, $l99.35;
rent of office, $50; good roads,
$24O25; banquet, $l239O; promoting
the street railway project, 5000;
Minnesota Commercial and Municipal
league dues, $50.
Over $1,000 In Debt.
The committee found that there is
owing to the former secretary $500 on
his salary account and 1874 for cash
advanced He offers to deduct 800,
leaving $377.54 due him. There is due
on the bonus for the location of the
incubator factory in Mankato, 5000,
and 5000 rent for the Mills building,
where the factory is located. The to-
tai amount owed in bills of various
kinds is $92l.43, not counting bills
that had not come in by April l, and
not counting 500 due on the Eagle
Lake road improvement. The commit
pier system of bookkeeping be adopt
ed, as the present one is too cumber-
some. 1t also offered to open a new
set of books for the club free of
cost. The report was ordered placed
on file. -
Former Secretary Blamed.
II. l.. Schmitt, chairman of the COM
mittee, stated that the former secre-
tary was appointed to collect the dues
of the members, but had not col
lected enough to pay his own salary.
He ought to have performed the
duties of his office, and if he had
performed them the club would not be
owing him $500 now. 1t was rigly
and proper that the club turn over to
him the uncollected dues for the bal
ance due on his salary. The club
agreed to give the incubator factory
5000 and rent for year provided it
employed fifteen men, but the largest
number employed has been five and
usually only two. I These things ought
to be thoroughly understood and dis
cussed by the club.
j. r. Snow said that if the incu-
bator company has not been living up
To It's agreement ne ana HOC see now
it could expect the club to do so. The
club was not getting what it expected
to.
A. J. Veigel said that he was pres
ent when the matter came up and
as he remembered it the company
agreed to employ fifteen men after
awhile, and he did not think this
binding upon them.
Has Not Earned Bonus.
Secretary Otto looked up the MN
utes and found that it was agreed
that the club should pay the com
pany 5000 for moving expenses and
one years rent, provided that it EN-
ployed not less than fifteen men and
remained in Mankato not less than
five years. The minutes showed that
the former secretary had stated that
he had a signed agreement or contract