TREASURER S REPORT. 117 



members themselves are satisfied a mistake has been made, it will 

 be in order for some one to move for a reconsideration. And if a 

 majority of the members vote to reconsider, the ballot may be taken 

 over again and the result must be final. A ballot can only be recon 

 sidered at the same meeting the vote is declared. 



The Treasurer s report of the National Grange for 1874 lias 

 been made public. The total receipts were $132,151 28, of 

 which $129,315 00 was for dispensations to 8,621 Granges; 

 $1,261 68 for dues from Iowa, Illinois and Wisconsin. These 

 are the only States from which dues are reported, and nothing- 

 was received from Iowa of dues for 1873. The expenses for 

 the year seem to have been $79, 343 75, leaving a balance in 

 the treasury of $52,807 53. The largest item of expense was 

 for printing $29,314 40. 



The salaries amounted to $5,416 67 of which Secretary 

 Kelley received $3,500. The contingent expenses were $13,- 

 840 81. There was paid to deputies $5,983 35; to Executive 

 Committee, $1.039 00; traveling expenses, $1,188,00; mileage, 

 $546 80. It seems the treasury was empty at the beginning of 

 the year, and owed Secretary Kelly, $3,321 74. 



The National Grange has seventy thousand dollars invested 

 in registered sixes. The investment was made through the 

 Farmers Loan and Trust Company, in New York, which acts as 

 financial agent for the Grange. This company is one of the 

 strongest and safest in the country, having gone through all the 

 panics and financial crises without suspension or question of 

 its integrity or ability to meet every obligation. If, however, 

 the company should fail, remember that the bonds are regis 

 tered, and so have the entire security of the nation s good faith. 

 Besides this bond investment, there is a working fund, varying, 

 of course, but averaging about twenty thousand dollars. This 

 fund is also on deposit with the financial agent in New York, 

 and a monthly report is made by the agent to each member of 

 the Executive Committee, setting forth the amount on deposit 

 from day to day, with the receipts and disbursements. 



The Secretary of the National Grange also sends weekly to 

 each member of the Executive Committee a full statement of 

 the amount of money received and disbursed through his office. 

 No money is paid out by the financial agent without the order 

 of the Worthy Master, countersigned by the Secretary, the or 

 ders being made at the request of the Executive Committee. 



