Evening journal., 1916-01-14
SECRETARY SINCLAIR TELLS WHY CITY
HAS NOT LANDED NEW INDUS TRIES

teen miles nearer Philadelphia than
Wilmington.
Recently, the Chamber Of Com
merce of that place has been very
successful in locating industries,
principally because il had the land.
You must not overlook the fact how
eyer, that river land is as essential
to some industries as coal and water.
/ may be presumed to speak from
experience as it will be remembered
that / came here after year of ex-
perience as secretary of the Board
of Trade Of Chester.
"rhe treasurer's report will show
a balance sheet. but il will not give
such detail as might be desired, nor
will It state certain facts l believe TO
be pertinent at this time.
1--WE started the year 1915 with a
subscribed membership Of 93S. At
this rate, we coupted upon an income
of about $4,000, and the budget made
up by the finance committee carried
appropriations for the three year
period, aggregating that amount.
"The organization has been con-
Quoted as economically as possible
consistent with results.
Unfortunately, however. the work
has been severely handicapped by
reason Of the fact that many mem
bers who gave their signed pledges
in the form of regular legal contracts
have not fulfilled their obligations 10
the organization, the total receipts
from dues amounting only TO S1S.342.-
so showing the total working income
Of the organization to have been less
by S4.S75 than the amounb antici-
pated.
81 would further call your atten-
tion to the fact that from the total
amount received from membership
dues. viz. $1S,242.5O there must be
deducted $500 representing bills
payable January I. 1915, so that the
net operating revenue for 1915
amounted TO only $13.S4250. In other
words your organization has spent
this year for expenditures incurred
during the year only a tride more
than one-half of the anticipated reve-
nue."
/ TTeaSurer'S Report.
In his report as treasurer, Frank
I L. Connable said:
Your attention is called to the ag.
gregate expenditures for the year OF
S2O375.77. The item bills payable
$500 includes notes at banks con
tracted in 1914 to cover miscellane-
Gus 1914 expenses aggregating ST..
/ 4I4.0S. and the balance of S4,025.0S
covered the cost of the membership
campaign conducted at that time for
J Ia.
plan so that in considering this item
but one third of this amount is a
proper charge against 1915 expenses
, and the balance is being spread over
1916 and 1917 expenses. which bal
ance aggregates 80 6S3.94. To these
amounts may be added the items 1914
expense. S160.50; and two-thirds Of
the account Town Development Com
missions Due" an additional member
ship campaign expense of Sl07, max
! ing a total amount to be deducted
from this aggregate expenditure o.
S4,425.52. and leaving a balance o.
Sl5.95O.25, which amount may be con
sidered as the amount necessary 4
operate the chamber during the pas
fiscal year.
The following statement of receipt
and expenditures was given:
Balance on hand January /, 1915
S2i2SS.
Receipts-Dues, S1S.342 so; pro
ceeds note at bank, $1,000; interes
on bank balances, $57.71; advertising
space in bulletin. S550.10; advance
payment 1916 and 1917 dues, SIS; re
bate of discount $4,000 note. S27.26
special contribution of directors, $40
: DOLLAR Day" receipts, $3.50; con
, tributiOn Of Bancroft Company e
anti-ferry car fund, $3.50; balanc
account of Mercantile Association
with North American Bank Sl9.22
settlement account due Mercantile
Association. $3.50; total receipts, $50,
37779; total, S20.620.12.
Expenditures s-Anti-ferry car fund
s592. 81; bills payable, $500; bulletin
SCALA booklet, $3.50; credit ratinl
bureau, S416S3; conventions. s202.35
commissions due Town Development
Company, S16O.50; general bureau
S2,425.S6; Harrisburg Motor Club en-
tertainment, $40; legislative commit
p tee s10250: manufacturers section
} S3425; Dollar Day expense, $3.50
1914 expense, s20729: Office rent, 81,
e. AAVi 0dldilco duhiiiiolidilNff Hti'-N
: salaries credit rating bureau. S1,655
| salaries general bureau, S2,06S.2S; sal
aries treasurer. $500; sign board ad
vertising, S213; street paving propa
ganda, $3.50; total expenditures, 500,
375.77; balance on hand December 81
1915. S244.35.
Credit Bureau Big Aid.
John p. KTauss, merchantile secre
tary in his report Of the Credit Rat
ing Bureau, Of which he has charge
said:
"The bureau has secured informa
tion on more than $4,000 account.
which we have on file. and these in
clude over $4,000 distinct ratings Thi
information IS not cofned to credi
payments alone. but has reference I