Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1920-04-09
CAMPAIGN FOR THE
TEMPLE OF AGRICULTURE
AT WASHINGTON
Continued from page nine)

body corporate TO receive ana al
minister funds. The committee
hopes the plan of Incorporation will
be suitable to all bona fide farm or
CARNATIONS of the nation. The in
corporation will be controlled by q
board, one-third of whom will re
tire each year. Their succession will
be determined at the annual meet
ing of the National Board of Farm
Organizations. 1t has been agreed
that the board may invite, to partici-
pate in vote for the selection of
the trustees succession. duly accred-
tied representatives of farm organi-
cations that may not be formally af-
filiated with the board. Such or
CARNATIONS will, of course, be care
fully investigated before invitations
are issued to them to send repre-
sentatives. That provision is in
cluded because of the known desire
of the boards member organizations
to have the Temple of Agriculture
serve as the home of all bona fide
farm bodies,
Income From Property
Rentals Of the Eye street property
now bring an income of approximate
ly $500 monthly. This income is
first used for expenses connected
with the upkeep Of the property, and
afterwards for the payment of taxes
and insurance
Method of Handling Funds
The annual interest on the debt at
the present time amounts to $2040.
For this reason the finance commit
tee conceived it to be good business
policy to pay off the debt on the
present property in quarterly in
stallments. In that way they can
reduce overhead expenses For that
reason funds in the bank are kept
as low as is consistent with good
business management of the cam
paign
These rules govern the receipt and
disbursement of funds:
l. The Riggs National bank of
Washington, D. c., has been select
ed as the depository and will receipt
for all funds
2. John A. McSparran, master of
the Pennsylvania State Grange, is
the bonded treasurer and all contri-
buttons should be made payable to
him as treasurer but sent directly to
the Riggs National bank.
3, All funds in excess of the
amount necessary TO carry as / de-
post to compensate the Riggs Ma
tional bank for receiving funds and
caring for the account and for cur
rent expenses in management of the
drive must be applied toward the
curtailment of the debt for the prop
erty already purchased, and for the
payment of improvements of the
property. When this debt has been
paid all money must be invested in
gilt edge securities.
4. All checks for disbursement
of funds must be signed by the treas
urere and countersigned by the
chairman of the executive commit
tee and the secretary of the Nation
al Board of Farm Organizations.
.. All accounts are audited peri
odically by a recognized firm of
certified public accountants. These
accounts We're audited February IS,
1920, and found to be correct.
What Each State Should Raise
The estimated amount of money
to be raised is S1,25O,000. At the
beginning of the campaign the com
mittee divided this amount among
the As states on quota basis. The
quotas We're made after taking into
consideration the number of farmers
and the farm wealth.
Some revision OF these quotas may
be necessary in view of the fact that
the membership of organized farm
ers who have expression through the
board is stronger in some states than
In others. For example, the states
OF Pennsylvania and New York were
assigned $4,000 each. The organi-
cations that have responsibility for
raising the money in each of these
states decided that 100000 each
would be more nearly proportionate
in view of the fact that the State
Grange of Pennsylvania has 10000
paying members and the Dairymen's
League of New York has more than
$4,000 in that state alone. The fol-
lowing is the original quota for each
state as agreed upon at the outset of
the campaign:
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