Fifty-Second Annual Meeting. 13 



a real awakened interest in the continued existence of the organization. 

 The raising of the annual dues, contrary to general expectation, does not 

 seem to have affected the membership adversely. Indeed I believe to the 

 raising of the dues and the payment of back dues can be attributed the 

 fact that we have paid our bills and have a slight balance. 



Just a word here in regard to paying back into the Permanent Fund 

 the loan of last year of $2,000. It seems to me that we are progressing 

 finely in this object. There has been a total of $666.41 paid back for this 

 purpose, leaving an actual balance of $1,324.74 still to be replaced. At the 

 present rate of repayment the Permanent Fund should again be intact 

 within three or four years. It seems to me that this object can be easily 

 attained by an annual appeal for donations following the plan instituted 

 by former President Buller. I believe that none of us expected that the 

 fund would be replaced entirely in one year. Indeed this would be too 

 much to expect, but I do believe if the succeeding Presidents follow the 

 original plan of appeal, that by 1925 or 1926 we shall have the satisfaction 

 of seeing the Permanent Fund entirely repaid for the amount we were 

 obliged to borrow from it in 1920. Certainly by seeking small contribu- 

 tions from many each year the amount can be paid up without any serious 

 strain on anybody's pocketbook. 



I feel that with the natural increase to be expected in our personal 

 membership, expected increases in the memberships of States and Clubs 

 and with expenses kept down within the limit to those of this year, we 

 have every reason to expect that our financial problem will cause us less 

 worry in the future than it has in the immediate past, 



I invite your attention to the following financial statement: 



Receipts 



Balance in Treasury after the meeting of 1921 $726.20 



Annual dues: 

 Individuals: 



For the year 1919_ _ $2.00 



For the year 1920 62.00 



For the year 1921 1,025.99 



For the year 1922 __. 18.00 



Clubs: 



For the year 1920 7.00 



For the year 1921 225.00 



For the year 1922 5.00 



Dues, States 50.00 



Dues, Companies 10.00 



1,404.99 



Life Memberships 15.00 



Donations 189.00 



Sales Transactions 222.50 



Interest - 5.97 



Exchange .60 



$2,564.26 



