18 TRANSACTIONS OF THE 



asked by the Boards of Trade of San Francisco and Sacramento to appoint 

 a committee to act in conjunction with a like committee from the Mechanics* 

 Institute and Boards of Trade above named. We readily complied, and the 

 joint committee met in San Francisco, March 10, 1886, and adopted the 

 following resolution: 



Resolved, That it is the sense of the joint committee assembled, for the consideration of 

 the time for holding the Mechanics' and State Fairs, that the time of opening be fixed by 

 each at a date that will not conflict with each other, and we recommend to the Directors 

 of both associations, who may have that duty to perform, that the Mechanics' Institute 

 Fair be opened on the first Tuesday in August, and close on the fifth Saturday follow- 

 ing, and that the State Fair will open one week from the following Monday. 



The committee from this Board reported that it was not possible for 

 them to come to any arrangement for 1886, as the Mechanics' Institute 

 building had been leased by the G. A. R. for the holding of the encamp- 

 ment exercises in August, but that it was understood the dates should 

 apply to years following. 



The report was accepted and the resolution adopted by this Board, so 

 that we now hope to be able to accommodate all who may desire to exhibit 

 at both Fairs. 



Other than a few necessary alterations at the Park, our building and 

 improvements have not been very extensive during the year just ended. 



It is our desire and intention, however, when the necessary funds are 

 obtainable to raise and otherwise improve the Grand Stand and stabling 

 at the Park. 



INDEBTEDNESS. 



We have been able to make a very perceptible reduction in our indebted- 

 ness this season. At the commencement of the year our bills payable 

 account was as follows: 



National Bank of D. O. Mills & Co., secured note.. - $29,031 85 



W. K. Vanderslice & Co., accepted draft 1,371 52 



Occident stakes 1,455 00 



Total... $31,858 37 



Our assets were: 



Cash - - $331 49 



Entrances due 1,180 00 



1,511 49 



Leaving our net indebtedness February 1, 1886. $30,346 88 



At the end of the year we find our balance sheet shows: 



LIABILITIES. 



D. O. Mills & Co., balance due - $22,983 29 



Occident stakes 1,710 00 



Running stakes --- 50 00 



Total $24,743 29 



ASSETS. 



Cash - ---- $541 81 



Entrances due 1,625 00 



2,166 81 



Leaving our net indebtedness February 1, 1887 $22,576 48 



