THE PERGHERON REVIEW 
13 
LIABILITIES 
Accounts Payable $ 1,901.28 
Customers' Balances, representing payments for uncom- 
pleted work and miscellaneous credits 24,596.89 
Accrued Salaries 269.00 
Application for Shares of Stock 2,170.00 
Futurities 244.00 
Eeserved for Printing Stud Book 1,800.00 
Percheron Registry (payable in Capital Stock) 240.00 
Capital Stock (authorized $100,000.00) issued 98,790.00 
Surplus 10,426.61 
Total $140,437.78 
THE PERCHiEBON SOCIETY OF AMERICA 
STATEMENT OF INCOME AND EXPENSES 
Year Ended October 31, 1919 
INCOME: 
Registrations $ 35,705.70 
Transfer Certificates 15,516.45 
Rewritten Certificates 561.00 
Duplicate Certificates 153.50 
Stud Books 430.00 
Ring Binders 3.15 
Application Stub Books 149.30 
Tabulated Pedigrees 34.00 
Stock Record Books 106.00 
Interest on Investments $5,502.84 
Interest on Bank Balances 225.82 5,728.66 
Total Income $ 58,387.76 
EXPENSE : 
Premiums $ 9,384.41 
Salaries : 
Treasurer $ 300.00 
Secretary 5,000.00 
Office 20,410.43 25,710.43 
Printing 3,652.69 
Photographing Pedigrees 13.00 
Publicity 1,660.58 
Postage 3,563.91 
Advertising 1,538.77 
Field Work 1,413.49 
Inspection and Investigation 842.06 
Proxy Committee Expense 159.53 
Fair and Sales Expense 1,012.36 
National Society of Record Associations 125.00 
Directors' Expense 2,154.32 
Rent 481.00 
Office Expense 707.32 
Office Supplies 975.11 
Stationery 991.76 
Premiums on Surety Bonds 339.60 
Telephone and Telegraph 346.67 
Express 205.05 
Percheron Banquet 262.16 
Warehouse Charges 147.70 
Miscellaneous 487.40 
Taxes 229.07 
Depreciation of Office Equipment 153.62 
Attorneys' Fees 315.00 
War Revenue Tax 299.00 
Percheron Review 1,600.00 
Percheron Mares in a Pasture in Maryland 
The Dam of the Grand Champion Mare at the 1919 Ohio 
Percheron Breeders' Show 
Burgess Case (Litigation) 29.35 
The Horse and the War 543.74 
Provision for Printing Stud Book 1,660.59 
Reporting Annual Meeting 79.60 
Judging Fees 300.00 
Audit Fees 235.00 
Entertainment 202.75 
Total Expense $ 61,822.04 
EXCESS EXPENSE OVER INCOME $ 3,434.28 
THE PERCHERON SOCIETY OF AMERICA 
SURPLUS ACCOUNT 
BALANCE, November 1, 1918 $ 13,860.89 
DEDUCT: 
Excess of Expenditures over Income for the year 
ended October 31, 1919 3,434.28 
BALANCE, October 31, 1919 $ 10,426.61 
President White : Gentlemen, you have heard the 
report of the finance committee, a motion to approve the 
same will be in order. 
Mr. Tener : I make that motion, Mr. Chairman. 
Mr. Nicodemus: Second the motion. 
President White : All those in favor of the motion 
signify by saying aye, contrary no. Motion is carried. 
The next order of business is the report of the proxy 
committee ; the proxy committee is composed this year of 
Professor Vaughan of Minnesota, Professor Havner of 
Pennsylvania and Mr. Donald R. Acklin of Ohio. 
Mr. Havner : The proxy committee hereby reports 
it has made a count of the proxies and that the number 
of valid proxies for the annual meeting of 1919 is as 
follows : 
Donald R. Ackin, 21 ; Dan Augstin, 11 ; J. C. Baker, 1 ; T. B. Bow- 
man, 3 ; W. H. Butler, 5; Arthur Colgrove, 2; W. S. Corsa, 11; Charles 
Crandall, 1 ; C. F. Curtiss, 6 ; William Danforth, 5 ; Joiin DeLancey, 1 ; 
George Dix, 2 ; W. S. Dunham, 8; William Freitag, 2; F. B. Graham, 11; 
H. H. Havner, 69 ; Frank Keenan, 1 ; .1 F. Kuehn, 1 ; C. W. McCampbell, 
1 ; H. J. McLaughlin, 3 ; .1. B. McLaughlin, 2 ; Ed, Nicodemus, 1 ; A. P. Nave, 
1 ; Fred Pabst, 1 ; Otho H. Pollock, 11 ; Proxy Committee, 3636 ; C. J. 
Raboin, 1 ; A. L. Robinson, 4 ; E. D. Seamans, 2 ; J. 0. Singmaster, 1; Lewis 
Slack, 1 ; Stewart Bros., 1 ; W. H. Vaughan, 56. 
Chairman White : Gentlemen, you have heard the 
report of the proxy committee. A motion to accept the 
report of the proxy committee and to place same on the 
records of the meeting is now in order. 
Mr. Pollock : I move we accept and record the re- 
port of the proxy committee. 
Mr. Danforth : Second the motion. 
Chairman White: All those in favor of the motion 
signify by saving aye, contrary no. Motion is carried. 
The next order of business is the election of four 
directors. The following are the retiring directors for 
this year: Mr. W. S. Dunham, Mr. Arthur Colegrove, 
Mr. C. F. Curtiss and Mr. U. L. Burdick. 
