SEVENTEENTH ANNUAL MEETING. 191 



From local societies $206 75 



" annual memberships 44 00 



" interest on bonds and mortgages 104 01 



" State Agricultural Society 1,200 00 



" all other sources 168 00 



'Total $1,722 76 



LIFE MEMBERSHIP FUND. 



By a provision of our by-laws all moneys received from life memberships 

 must be permanently invested and only the income from this fund can be used 

 for general purposes. We have added during the year seven life members 

 as follows: 



F. J. Klein, Detroit, Michigan; 



J. H. Moores, Lansing, Michigan; 



C. A. Sessions, Mears, Michigan; 

 Thomas Wilde, Cooperville, Michigan ; 



G. B. Brackett, Denmark, Iowa; 



D. G. Edmiston, Adrian, Michigan; 

 W. E. Wadsworth, Lapeer, Michigan. 



Our list now comprises 202 life members, making our permanent fund 

 aggregate $2,020. 



Of this amount twenty dollars remains in the treasurer's hands uninvested ; 

 the remainder is invested in securities which will appear in the report of the 

 treasurer. 



DISBURSEMENTS. 



Every bill presented against the society is placed on our own blanks in dupli- 

 cate. These are forwarded to the chairman of the business committee for his 

 approval. Having approved them he returns them to the secretary, one of which 

 he retains as his authority for drawing a check upon the treasurer for the amount 

 of the bill. The secretary after executing the check, transmits it to the presi- 

 dent for his signature, accompanying it with the duplicate bill, which is his 

 warrant for countersigning the check. Thus it will be seen that our system of 

 disbursing money is very carefully guarded. 



The by-laws of the society require the secretary to keep the accounts of the 

 society, and from the records I have transcribed the following account of the 

 disbursements classified: 



Ff, = There have been forty-two checks drawn, aggregating $2,015.04. 



For president's office _ . $6 50 



secretary's salary .. — 800 00 



treasurer's office 1 80 



library . 136 60 



expenses of Executive Board 236 21 



" State Fair 456 96 



printing, blanks and stationery 29 95 



fruit catalogue 80 00 



volume of 1885 25 71 



" 1886 10107 



