3TATE AGRICULTURAL si M [ETY. 17 



of the taxpayers in a manifold degree, after having assisted greatly in 

 developing the practical advantages of the State, thus presenting induce- 

 ments of the most valuable character to those seeking homes in our midst. 



KKSl'ME. 



In handing you this report of our transactions for the year just closed, 

 we are pleased to state that it has resulted as favorably as was expected. 

 Our custom has been to arrange the premium lists, agree upon improvements, 

 and formulate our speed programme early in the year. Should the season 

 turn out badly and we have been too liberal in our estimates, we are the 

 sufferers. So" it was in 1885. Having planned our year's business early, 

 with the outlook of prosperity on every hand, there comes shortness of crops, 

 falling off of trade, and a stringency in financial circles. This affected us 

 materially, and having no chance for curtailment we were compelled to 

 stand up and face the result. By referring to our comparative statement, 

 the difference between the years 1884 and 1885 can be readily seen. 



TIN \M I \1. M MM \KV. 



Amount on hand at commencement of year... -- ?315 56 



Total receipts from all sources - 80,27«; 67 



$80,592 23 



Total disbursements $80,260 74 



Cash on hand... - 331 49 



$80,592 23 



JESSE D. CARR, 



President. 

 EDWIN F. SMITH, 



Secretary. 



990 



