112 State Horticultural Society. 



2. By order of the Executive Committee, Mr. A. Nelson, former 

 treasurer, deposited one thousand dollars in his own name as treas- 

 urer for one year at four per cent, and renewed this deposit at the 

 close of that year for one year longer. 



3. When Mr. Nelson died, y\r. Butterfield was appointed in his 

 place. The deposit certificate which was for one year, was finally re- 

 turned to the Executive Committee. They found it would take some 

 time to get matters settled and the transfer of the money made, so 

 finally decided to let it remain where it ^vas until a treasurer could 

 be elected at the next meeting. 



4. Mr. Gano was elected treasurer, and this fund was finally 

 adjusted; but from the close of the second year mentioned above till 

 the time of final settlement, it drew only two per cent. The fund at 

 this time amounted to $1,092.62. 



5. Upon the advice of an attorney, the Executive Committee 

 decided to deposit this money in the name of the Society. The Vice- 

 president of the Mississippi Trust Company, in which the money was 

 deposited, also advised us to deposit in the name of the Society, so 

 that the Treasurer, who ever he may be, could draw the money upon 

 a written order from the Executive Committee, signed by the Presi- 

 dent and Secretary. This money was so deposited by order of the 

 Executive Committee, and has been drawing two per cent interest 

 ever since. This money is just as much in the hands of the Treasurer, 

 and subject to his check, and to his check onl}^ as any other money; 

 but requires an order of the Executive Committee, mstead of the 

 President and Secretary alone. 



6. The last report of the Treasurer shows that there was nine 

 hundred and ninety-two dollars and sixty-two cents and accrued in- 

 terest in the hands of the Trust Company; and the check book and 

 bank book show that only one check has been drawn on this fund — 

 that of one hundred dollars — for desks and chairs for use at the 

 World's Fair Exposition, and then to belong to the State Horticul- 

 tural Society. 



7. The report of the other money in the hands of the Treasurer, 

 showing receipts and disbursements and the dates thereof, is accord- 

 ing to the plan ordered by the Executive Committee years ago, and 

 one which has always been followed because of its simplicity, and 

 the belief that it was as good and as safe a plan as any other. 



The Secretary has often collected money due the Society, charged 

 himself therewith, and used it to defray current expenses before the 

 State appropriation was available. But when available, full settle- 



