350 TRANSACTIONS OF THE 



from all sources, during the year eighteen hundred and sixty-nine, were 

 twenty-eight thousand four hundred and ninety -seven dollars and eighty- 

 five cents. An examination of the details of disbursements made will 

 show that the closest interests of the society have been consulted in the 

 expenditures, and that, in addition to meeting all the society's obliga- 

 tions, and awarding bountiful premiums to exhibitors at the fair held 

 in September, we have made valuable permanent improvements, thus 

 adding materially to our property interests, and providing means 

 whereby the expenses of holding our annual fair will be perceptibly 

 diminished. Needed improvements have been made at the Park, and 

 others and more expensive ones have been already provided for by appro- 

 priations. At the Pavilion we have a steam engine of sixty-horse power, 

 in excellent order, and with all the attachments made and other means 

 provided to furnish motive power to mechanical exhibitors. The last 

 fair held under our auspices was a marked success. 



In comparing the progress made in California during eighteen hundred 

 and sixty-nine with that of preceding years, in agricultural development, 

 we find just cause for congratulation. Crops have been generally good. 

 A vast number of acres of fertile land have been newly broken by the 

 plough, and we have received large accessions to our farming population. 

 Stock raising has been attended with general success throughout the 

 State, and our wool interests are in a most flourishing condition — the 

 clip amounting to almost one-seventh of the entire product in the United 

 States. The foundation has been laid in this State for the eventual 

 attainment of an agricultural growth second to that of no State in 

 the Union. We look forward with pleasure to the prospective useful- 

 ness of our societ} T , which has obtained a firm pecuniary footing in 

 good time to be able to foster the most vital interests of the State, and 

 do not doubt but that the year eighteen hundred and seventy will find 

 the society, at its close, in a condition of assured prosperity and useful- 

 ness. 



CHARLES F. PEED, President, 



Eobert Beck, Secretary. 



On motion, the report of the Directors was accepted and ordered 

 spread upon the minutes. 



It was moved and carried, that a Committee on Finance be appointed 

 b} T the Chair, to consist of three members, to examine the accounts of 

 the Treasurer. 



The President appointed E. Black Evan, C. S. Coffin and Eaureu 

 Upson such committee, who subsequently handed in the following 

 report : 



We, the committee appointed to examine and report on the accounts 

 of the Treasurer of the society, have made such examination and found 

 his accounts to be correct. There is in his hands society funds to the 

 amount of six hundred and thirt}'-six dollars and seventy-eight cents. 



The next business in order was announced by the President to be the 

 election of a President for the ensuing year. 



Charles F. Eced, of Yolo, was nominated. 



[William M. ilaynie in the chair.] 



It having been moved and' unanimously carried that the Secretary 

 cast the vote of the meeting for Charles F. Reed, the Secretary announced 

 that he was dulj r elected President for the ensuing year. 



