26 



HARDWOOD RECORD 



June 25, 1918 



CASH DEPOSIT FUND 



Balance renortcil at Convention, June 11, 1917 $600.00 



Refunds 25.00 



Balance in Casli Deposit Funrl $575.00 



In connection wltli these figures, your attention is dircrtcd to tlie fact 

 that about $7,000 of the cash in bank and aii.iuni- rmivniih i- n i.in 



porary item, as this program advertising fun.l i; i i: ilir 



close of this convention. For many years thr ;. . , , m.i 



particularly its bank balance, did not match tin ini.i - i .|„.i- 



tions and prestige. I am sure you will all agree, in vi.w .ii ih.' in. i . :i^,.l 

 expense of operating the Inspection bureau and the geniTnl uii. ii i;i;nty in 

 the business world, that it is very necessary our bank l.alamr h. a n- 

 spectable one and our financial status should be strengtbuucd. Uu this, 

 the twenty-flrst anniversary, your association is stronger than at any time 

 in its history. It has greater inf.uence at home and abroad than ever. 



PAY50fJ SMrrtj 



and its standing is of the highest order among all those lumber buyers, 

 producers and distritrnters who only ask and expect a square deal. 



Rotary has for its general motto : "Up Profits Most Who Serves Best." 

 While this concrete definition of the proipir mainspring of effort is a new 

 one, I believe -that I am justified in inaKin- llm ri:iiin that something of 

 the kind is what has been in my miii.l .Inrini; tin- thirteen years that I 



" -lew ntixtll' 



have served this association. I am certain that it has not been a selfish 

 service. I have, at all times, given to the work the best that was in me. 

 Neither has it been possible to compute the reward-s of the service so 

 rendered, in dollars and cents. The best thing that has come to me in 

 this work is the certain knowledge that at all times I have had the whole- 

 hearted support of this membership in every worthy undertaking that 

 had for its purpose the bettering of conditions under which our trade is 

 conducted ; and as long as I remain in the service of this association, I 

 shall attempt to deserve the same quality of support as that which in the 

 past has so generously Ijeen bestowed upon my efforts. 



The reports of the president and secretary were referred to a 

 committee, according to custom. The committee consisted of George 

 Osgood, J. C. West and B. C. Currie. Earl Palmer was called to 

 make a report on the work done by and in connection with the 

 Chamber of Commerce of the United States, and stated that he had 

 not prepared a paper dealing with the matter, but he referred in a 

 general way to some of the national chamber's activities. The 

 National Hardwood Lumber Association is a member of the 

 chamber. 



Committee on Resolutions 



The chairman appointed the following committee on resolu- 

 tions, to whom all resolutions were to be submitted before being 



BROWN, CHICAGO, DIRECTOR 



