272 



HORTICULTURE 



August 22, 1908 



FLORISTS' HAIL ASSOCIATION OF 



AMERICA. 



Summary of Secretary's Report for 



Year Ending August 1st, 1908. 



The florists' Hai] Association of 

 America consists of 1520 members as- 

 sociated together for mutual protec- 

 tion, and insuring glass at the present 

 time amounting to 29,093,556 square 

 feet. 



The total receipts for the year end- 

 ing Aug. 1st, 190S, as per Treasurer's 

 report, have been $22,573.79. 



The total expenditures as per Treas- 

 urer's report, have been $25,722.49. 



The cash balance a1 the close of the 

 year is $21.1 IS. 2-1, all of which belongs 

 to Mi.- emei gency fund. 



138 losses representing a breakage 

 of 133.119 sq. ft. of single thick glass, 

 and 113,808 sq. ft. of double thick glass 

 have been paid during the year. 



1230 losses have been adjusted since 

 the organization of the F. H. A., in- 

 volving a total expenditure of more 

 than $125,000. 



The 10 per cent, assessment on 

 hazardous risks netted the treasury 

 $42.37. 



The only liabilities of the Associa- 

 tion are a few small losses, proofs of 

 which have not yet been filed with the 

 Secretary. 



During the late financial disturbance 

 your finance committee sold a 3 per 

 cent. $500 U. S. Government bond at a 

 small premium, and by borrowing 

 from the emergency fund, purchased 

 three $1000 four and four one-half per 

 cent, bonds, at par. These bonds are 

 today worth in the open market $30 

 each more than was paid for them. 

 The amount borrowed from the emer- 

 gency fund, except $217.77, has been 

 restored to that fund and the de- 

 ficiency is more than covered by 

 accrued interest on bonds. 



The largest amount ever expended 

 in a fiscal year has been paid for glass 

 broken during the year ending Aug. 

 1st, 1908, a large percentage of which 

 went to the Trans-Mississippi States, 

 in which section the weather has been 

 unusually enatic this season. 



A large quantity of uninsured glass 

 was broken at Indianapolis, Indiana, 

 last Spring, the F. H. A. escaping with 

 the payment of one loss. 



Notwithstanding heavy losses the 

 Association shows a largely increased 

 reserve fund, and a handsome balance 

 in the emergency fund. 



JOHN G. ESLER, Secretary. 



Treasurer's Report. 

 Recapitulaion. 

 Cr. 

 To balance on 

 hand for Aug. 



1, 1907 $24,296.94 



To total receipts 

 for year ending 

 Aug. 1, 1908... 22,573.79 



$46,870.73 



Cr. 

 By losses paid for year 



ending Aug. 1, 1908 $20,006.99 



By expenses 2,614.66 



By investments 3,050.56 



Miscellaneous 50.28 



By balance on hand $46,S70.73 



ALBERT M. HERR, Treasurer. 



Lancaster, Pa., August 3, 1907. 



I have this day compared the ac- 



John A. Payne 



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E. H. HUNT, Gen'l Agent, 



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DON'T NEGLECT FALL SPRAYING! 



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The Pulverized Manure Co., 

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counts of Secretary and Treasurer of 

 the Florists' Hail Association and 

 have found them to be correct, and the 

 securities belonging to the reserve 

 fund are intact and are deposited with 

 the Lancaster Trust Company. 



JOSEPH HEACOCK, 

 Auditing Director. 



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LIST OF PATENTS. 



Shovel Attachment for Disk 

 Cultivators. Jonathan L. 

 Boyer, Evanston, 111. 



Fertilizer Distributor. Rob- 

 ert Love, Syracuse,' N. Y., 

 assignor to Kemp & Burpee 

 Manufacturing Co., Syra,- 

 cuse, N. Y., a Corporation 

 of New York. 



Cultivator. John D. Lancas- 

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STUMPP & WALTER CO. 

 SO Barclay St., New York 



