.Illllc 1(1, 1!I21 



HARDWOOD RECORD 



23 



criiini'iitl.v <(iiTcct and tliiin.us;lil.v mhiikI. This association today is un(|ucs- 

 ticiiii'd iiicniior of all liimlicr (jrwinizations in tliis. or in any ntlipi- country, 

 and tliis is because it lias sihikIu to serve no seltisli faction witiiin its own 

 rani<s, Iniausc it stands for siinare dealint; and liccausc It lias always liari 

 tlic courage to do the ri^'ht thinjr. In a larjie measure it has been an 

 association of one idea and that, the proper inspection of hiniber. It has 

 never wanderiHl off after strange yods to lieconie ensiulfed in tlii' niiirasses 

 of sickenin;; failure and heart-l)reakinK despair. Like the slioenuiker. it 

 has stuck to its last and the work it has undertaken lias Iieen crowned wltli 

 that success which attends only upon persistent and practlcalde effort. 

 neiV.re any switcli is made from this single-track line, which has brought 

 this association to the (lesirnlile City of Success, careful thoutiht should 

 lie l)estowiMl upon the possible di'stinalion to which a ilouble-track system 

 may lead. 



And now that 1 have cleared my niiml of some of these questions of 

 general interest, I shall confine myself to a more or less detailed state- 

 ment of the activities of the Association dnrins the past year. 



Since the \i>2i) convention liild in Chica^'o ou June 17 and IS, 284 appli- 

 cations for nieiiibership have been received, of which '.) have iH'en re,iected 

 as undesirable or ineligible. The record of failures and w-ithdrawals from 

 business number .")3 : 23 have been droppeii as delinqnent in the payment 

 of miMiilpership dues ; 3 have resigned and 3 have been removed from the 

 inembcrship rolls as undesirable. The total number of new applications 

 favorably passed upon by the Board of Managers and admitted to mem- 

 bership during the year is 2''i. which brings the present number of members 

 in good standing to ],-443. A careful check of these new members shows 

 a majority from the manufacturing sections of the South, and it Is the 

 belief of your Secretary, who keeps in touch with the progress of trade 

 associations in all lines of trade, that no other trade organization has been 

 able to present greater net gain during tlie past year. It has been sug- 

 gested that we place a limit on our membership, of 1,500, and this sugges- 

 tion is favored and supported by many directors and members. Under this 

 plan, applications received after we reach a total of 1.500 would be placetl 

 on a waiting list and only admitted as vacancies might occur. I should 

 be pleased to have the convention coD.sIder this suggestion. 



During the year the regular numlier of meetings of the Executive Com- 

 mittee and Hoard of Managers have been held, and the record of attendance 

 at all meetings is up to the highest standard. 



(In .Tune Is. following the last annual meeting, the Roard of Managers 

 <lisciissed the plan of engaging an additional assistant at the Executive 

 oBice, but no definite decision was reached until the Executive Committee 

 meeting on September 22, at which time it was decided to engage a man to 

 assist in handling the rapidly increasing volume of correspondence and 

 detail, and on .lauuary 1. <;. S. Hill, who liad been identified with 

 pnimincnt hardwood interests in Iioth domestic and export trade, was 

 engaged as an assistant. 



As a result of the action at our last annual meeting, the coutriliution 

 to the permanent homi* of the Cbanibcr of Ccpinmerce of the V. S. of A. 

 was increased to .'j;i5.T10. 



rursuant to the plan adopted one year ago, the Consumers' Register is 

 now issued quarterly. The great value of this branch of the service is 

 recognized more fully than ever under trade conditions we have been called 

 upon to meet during recent months, and it is gratifying to record an unusual 

 number of letters commending this branch of the Association service: and 

 as a result of closer acquaintance and better undertanding with the trade 

 associations of furniture and other woodworking lines, we are assured of 

 the almost unanimous future <'o-*ip<Tation of buyers of hardwoods. 



Inepectioii Expenses 



As indicated liy the detailed statement of Receipts and Disbursements, 

 the expense of operating the Inspection Department is slightly under that 



of previous years. The figures of the Inspection Department for tlie year, 

 showing (juantit,\' of lumber inspected in each market and district, with 

 the amounts e;irnid ard e.vacf i-ost here of maintenance, are as follows: 



Market Kect learnings Expense 



Grand Rapids, Mich 12.027.102 ii;i4.!)S5.24 ."Fl 1 .332.21 



Chicago. Ill 11.07(1.403 14. 1123.12 11.032.33 



Memphis, Tenn 10.(171.330 13.S11.,S2 1I,,S98.0S 



Minneapolis, Minn ' 0.1120.717 lii.3,s4.41 s. 040.00 



St. Louis and Kansas City. Mo.... S..-,0.-i.407 13,2.'iS.52 11,205.3.-, 



riiiladelphia. I'a S,374.0Sti 10.110.50 0.022.11 



Louisville. Ky S.25S.0II7 1(1.207.00 0.000. Id 



Detroit & Bay City. Mich S.17(!.2S!i !i.S21.35 S.473.53 



Ruffalo, X. Y 0.304.010 7,029.80 0.843.07 



Toronto. Ontario 6.252.208 0,437.21 0.030.55 



Cairo and Alton, 111 5,004,120 0.0S1.15 5.007.03 



New York Cit.v. N. Y 5,303.507 0.75!i.75 0.(177.22 



New Orleans, La a.23!i,152 7,71S.(i7 7.54li.00 



Boston. Mass 4.804.075 0.407.01 5.ii25.(;7 



Cincinnati, Ohio 4.820.731 7.(i7I.7.s 0.0311.14 



Asheville. .\. C 4.337,505 0,232.00 0.:!4S.00 



Little Rock, Ark 4.255.413 6,747.08 0.004.72 



Milwaukee and Oshkosh, Wis 3,019,449 4.148.58 5,805.24 



Nashville, Tenn 3.631,872 5.409.47 6,204.26 



Demopolis, Ala 3.360,490 4.854.07 4,229.22 



Shrevcport. La 3,310,214 6,419.6i2 6,898.39 



South Bend, I ml 3,113,214 4,754.95 3,685.73 



Vicksburg & Natchez, Miss 3,001,000 4.712.03 4.004.28 



III Una. Ark , 2,912,743 .3.870.30 .1.571.04 



.Montreal, Quebec 2,009,795 4,,524.75 4.041.27 



rittshurgh. I'a 2,895,531 .-..179.36 4,.-2o!40 



Norfolk, Va 2,482.484 2.180.07 2.325.50 



.Mobile. Alabama 2,394,355 4,759.01 4,204.i'0 



lliiiitiugfon it i:iklns, W. Va 2.280..50!t 4.007.03 5J 78.35 



llaltimore, Md 1.074.082 2.170.44 2.154.11 



Colunibla, S. C, and Atlanta, Ga.. 1,809,047 3.384.44 4,4(i7.i:! 



Kiioxville, Tenn 1.841,230 2.037.01 3.570.23 



lleaumont, Texas 1,719,528 4.251.82 4,4110.37 



Bristol. Tenn 1,058,007 3,190.23 3,7!I0.21 



Michigan Mills 20,343.094 3.051.05 



Of the 1.80,770.218 feet shown by these figures to have bei'n measureil 

 and inspected under the bonded certificate of the National Hardwood Lum- 

 ber Association, official reinspectlons were requested and applied on 

 2.007.102 feet. Of that quantity the original inspection was found to dllTer 



more tlian 4 percent in ney value on 943,150 feet, resulting in total 



reinspection I'laims paid by the Association of $12,978.80. 



The forci^ of inspectors was reduced shortly after .January I, 1021. 

 owing to the decline in shipments to and from all sections, but this read- 

 .justnient was accoinplislied without depriving the membersiiip of wTvice 

 in any market or section, and the present force of fifty-four salariwi 

 inspectors appears able to meet present demands with but slight occasional 

 delay to members. 



We have succeede<i in promptly meeting all obligations and on the first 

 day of .June, 1021, the association had no indebtedness of any nature. Th« 

 following is a detailed statement of Receipts and I Hsbur.senu'uts, together 

 with figures from the association ledgers, the correctness of which is cer- 

 tified to in attached report of Marwick. Mitcliell. I'.-at & Co., certified 

 public accountants and auditors: 



Balance reported at convention, .lum- 17. 1'.i2ip ?7(>.025.11 



Receipts : 



From Membership Dues and Initiation .$ 07.822.3(1 



From Inspection Fees 2:!3.266.60 



From Program Advertising 1.3,300.00 



From Sale of Rule Hook 479.80 



From Reinspection Claims and Settlements .... 2,095.70 



From General Expense 32.80 



Friuii Miscellaneous Expense 00.30 



From Interest on Bonds and Notes 1,537.94 



From Interest on Bank Balances 521.00 



Total Receipts *3]0,200.59 



Disbursements : 



Salaries, Expenses and Advances: Secretary- 

 Treasurer, Assistant Secretaries. Chief In- 

 spector, Inspectors and Office Force $200,052.38 



General Office Expenses 0.247.04 



Rent 2.040.00 



Postage and Printing 10,401.55 



Reinspection Claims and Settlements 12,978.80 



(.'(immittei^. Convention and Program Expense. . 18,568.14 



Miscellaneous and Christmas Expense 3,280.78 



Office Furniture 509.08 



Refunds : Inspection. Membership Dues and 



Claims 707.10 



Accrued Interest on Investment 00. .30 



.f390.131.70 



'I'ot.'ll llisblirsemellts 



Leaving a balance on deposit at the Fort 



Dearborn National Bank, June 1, 1921 $ 15,057,01 



In the .Merchants Bank of Canada, .lune 1. 1921 5,020.17 

 In the Continental-Commercial Trust & Savings 



Bank l.Ooo.OO 



In Liberty Loan Bonds 27.40(i.0(i 



In r. S. Triasury Notes 15,000.00 



Total in General Fund on .lune 1. 1921. ... 

 Lii addition the books show gomi outstanding 



accounts for Membership Dues 14.815.0" 



For Inspection Fees 18.409.45 



For Program Advertising 7,315.00 



For .Advances to Eniidoycs 4.500.00 



Bringing Resources in Cash, Bonds. Notes and 



good Outstanding .\ccoiints to 



Cash Deposit Fund : 



Balance on hand June 17. 1920, as reported 



at Convention .f 400.00 



Refunds 25.00 



.$325,147 



04,983.78 



45,0!I9,45 



$110,083.23 



T.ital in Cash Deposit Fund .lune 1. 1021. . $ 375.00 



A careful analysis of the figures contained in this report furnishes 

 {Continued on piiyi- 20) 



