EIGHTEENTH AI^TNUAL YEAR BOOK— PART VII UZ 



My balance does not show exactly as Mr, "Wallace's did on ac- 

 count of funds that were on hand from last year, but the final 

 balance is the same. This year there is only one order out for 

 $103, so that the orders are practically all paid. 



The President : We will now listen to the report of the audit- 

 ing committee. 



Mr. Cockerill : The auditing committee was appointed Mon- 

 day afternoon, and audited the accounts of the secretary and 

 treasurer, and this is the report. 



REPORT OF AUDITING COMMITTEE— 1917 



,W<e, the committee appointed to audit the accounts of the association, 

 have examined the books of the secretary and the accounts of the 

 treasurer; have checl^ed each item of expense, and find the hooks correct. 



Balance in hands of treasurer from 1916 $ 3,703.75 



Receipts this year (including secretary's balance and 



less bank collection fees) 7,515.22 



Total $11,218.97 



Expenditures for year (less bank collection fees) $7,676.02 



Voucher from last year 6.86 



$7,682.88 

 Voucher not yet paid 103.00 7,579.88 



Balance in hands of treasurer $3,639.09 



Real balance 3,536.09 



CHAS. G. COCKERILL, 

 E. L. HILL, 



ITpon motion, the reports of the secretaiy, treasurer and audit- 

 ing committee were duly adopted : 



The President: We will now have an address by Mr. J. G. 

 Mitchell, of Greene, Iowa. 



COLLECTING FREIGHT CLAIMS 



Mr. President and Gentlemen: I believe that we are all agreed upon 

 one proposition, that there was never a time when greater vigilance in 

 connection with the movement of freights, and particularly of live stock, 

 was necessary. It is a matter that should be considered not only in 

 justice to ourselves, but in the interest of this nation and the nations of 

 the world. There was a time when we considered it a fact that whaTeYer 

 loss there was on account of delay and negligence of the railroads in 

 transporting live stock could be measured in dollars and cents. I think 

 we are beginning to set new values on those things, both from a moral and 

 a material standpoint, and we realize that losses of this kind are to be 

 considered not only in relation to the money that we lose, but, in relation 



