0CTOBM 16, 1919. 



The Florists^ Review 



19 



MONEY TALKS 



ir^r^i^\ir7s?irrs^rrtwr/s\irr»rtrrwr?wri«vii)«vir^ 



'DO TOU KNOW?' 



Bock's Remarks on Beport. 



In presenting my report as treasurer 

 of your association, I want to call to 

 your attention the splendid growth of 

 the association during the last fourteen 

 nionths, as reflected in these financial 

 jstatements. The secretary 's report will, 

 no doubt, give you information concern- 

 ing the increase in membership and the 

 general business and activities of the 

 association for the year, but the finan- 

 cial improvement has been so marked 

 that I want to make some comparisons, 

 so that those of you who do not take the 

 time to analyze and study these reports 

 will realize fully the advancement that 

 has been made by the association in tlie 

 last fourteen months. 



You will doubtless recall that at the 

 last annual meeting the fiscal year of 

 our association was changed from July 

 31 to September 30, which accounts for 

 the fact that this report covers a period 

 of fourteen months instead of the usual 

 twelve months, and following the usual 

 custom I have also prepared in conjunc- 

 tion with the annual statement a state- 

 ment covering the entire period of 

 operation of our association, a printed 

 copy of which has been mailed to each 

 member. 



One Year Beats Seven. 



Do you know that during the year 

 just closed the amount collected as ini- 

 tiation fees from new members was just 

 $80 less than the entire amount col- 

 lected during the previous seven years 

 that our association has been in exist- 

 ence? Do you know that there was an 

 increase of over 500 per cent in the re- 

 ceipts from this source over the pre- 

 ceding yeart 



Do you know that we collected $14,- 

 473.78 in annual dues from the members 

 last year and that we only collected 

 $13,408.90 in the seven years previous? 

 It was an actual gain of $1,064.88 for 

 the year over the entire previous period 

 of operation t 



Do you know also that we added 

 $6,209 to our guarantee fund last year, 

 contributed by new members, and that 

 we were called on to make only one 

 refund of $10 to one lone retiring mem- 

 ber and that we now have a balance in 

 this fund of $14,607.94? 



Certificate Wanted. 



And while I am on the subject of our 

 guarantee fund, I would like to suggest 

 that our association issue to each of its 

 members some printed form of guaran- 

 tee or indemnifying bond, duly executed 

 by the president, with the seal of the 

 association attached and attested by 

 the secretary, so that each member will 

 have some tangible evidence of his pro- 

 tection against financial loss through 

 his dealings with fellow members. As 

 most of you are doubtless aware, some 

 of our competitors 'are offering bonds 

 of reputable bonding companies as an 

 inducement and, while our members un- 

 derstand pretty generally, I think, that 



they have ample protection, I believe it 

 would be more satisfactory to all of us 

 to have in our .possession some tangible 

 evidence of it and I am satisfied that 

 isuch a document would aid materially in 

 securing new members. There can be 

 no question as to the security and re- 

 sponsibility behind these bonds, for, as 

 I have just stated, we now have a fund 

 of $14,600 and in the eight years since 

 the organization of our association we 

 have been called on to pay, and have 

 ipaid, only $9.21 for delinquent mem- 

 bers. I sincerely hope that some action 

 will be taken along this line at this 

 meeting and I would much like to see a 

 committee appointed to draft a suitable 

 document. 



Beceipts and Expenses. 



There are other comparisons to which 

 I might call your attention, such as the 

 sale of Mothers' day stamps and post- 

 ers, which amounted to $431.50 for the 

 last year, as against $62.45 for the year 

 previous, an increase of nearly 700 per 

 cent, but I will not go farther into the 

 smaller items, but in closing I do want 

 to point out the proportion of increase 

 in the receipts as against the proportion 

 of increase in the expenditures. 



During the period just closed the total 

 receipts from all sources amounted to 



$24,617.58, while the total receipts for 

 the preceding year, which was the most 

 successful year by far that the asso- 

 ciation had enjoyed up to that time, 

 was $9,684.77, an increase of 254 per 

 cent, while the expenses of the year 

 just closed were $13,959.82 as against 

 $9,534.34. for the preceding year, an 

 increase of only 146 per cent. Or 1 

 might present it in another way, which 

 would bring to your mind more clearly, 

 perhaps, the wonderfully successful 

 year we have just closed, by stating that 

 for the year ended July 31, 1918, our 

 expenses were 98 per cent of the total 

 receipts for the year and we closed the 

 year with a balance in our general fund 

 of $878.38, while for the period just 

 closed our expenses were only 56 per 

 cent of the receipts and we closed the 

 year with all bills paid and a balance 

 to the credit of the general fund of 

 $5,337.14, and a total balance in the 

 treasury for both the guarantee fund 

 and general fund of $19,945.08. 



Can you imagine how anxious I was, 

 when I prepared these statements and 

 realized what a splendid showing we 

 had made the past year, to tell you of 

 them? I could hardly wait for the time 

 to come when I could present these facts 

 to you. We may well congratulate our- 

 selves. 



TBEASUBER'S BEPOBT. 



The following is the report of William 

 L. Rock, treasurer of the Florists' Tele- 

 graph Delivery Association, presented 

 at the Buffalo convention October 14, 

 the first statement covering the year 

 just closed and the second the total 



WilUam L. Rock. 



(The F. T. D.'s Methodical Man|of the Money.) 



