February, ’20] 
BUSINESS PROCEEDINGS 
5 
Owing to this condition and to the probability that further increases in cost of pro¬ 
ducing the Journal may be made at any time without notice, it is recommended 
that authority be given to increase the price of the Journal on or before July 1, 
1920, if conditions during the first half of the coming year appear to make this course 
necessary. Any increase in rate during the year 1920, would, of course, not be 
effective until January 1, 1921. 
Association Statement 
Balance in Treasury, December 10, 1918. $605.17 
By amount received from dues, 1919. 616.42 
By amount received from interest in Malden National Bank. 10.58 
By amount received from interest, Melrose Savings Bank... 14.60 
By amount received from interest $100 Liberty Bond. 4.25 
By amount received from Index fund. 200.00 
Paid stenographic report of 1918 meeting. $113.78 
Buttons, 1918 meeting. 11.14 
Postage. 58.74 
Printing programs, etc. 81.25 
Telegraph and express. 7.28 
Expenses of membership committee. 3.90 
Expenses of Pacific Coast Branch. 22.45 
Transfer to Journal account. 250.00 * 
Clerical work, Secretary’s office. 49.00 
One-half salary of Secretary. 50.00 
$647.54 
Balance, December 8, 1919. 803.48 
$1,451.02 $1,451.02 
Balance deposited as follows: 
Melrose Savings Bank. $172.02 
Malden National Bank. 631.46 
Journal Statement 
Balance in Treasury, December 10, 1918. $94.91 
By amount received from subscriptions, advertising, etc. 2,413.46 
By amount received from Association fund. 250.00 
By amount received from interest on bank deposit. 5.07 
By amount received from members, advanced payments.... 60.00 
Paid for postage. $55.53 
Paid for insurance. 18.70 
Paid for printing. 1,828.52 
Paid for half-tones. 232.64 
Return on subscriptions. 19.73 
Salary, Editor. 100.00 
Clerical work, Editor’s office. 75.00 
One-half salary of Secretary. 50.00 
Clerical work, Secretary’s office. 50.00 
$2,430.12 
Balance, December 8, 1919. 393.32 
$2,823.44 $2,823.44 
$393.32 
Balance deposited in Malden, Mass., National Bank 
