ANNUAL REPORT—CONCLUSION. 
103 
fered, there has been a gradual decline in the amount of surplus 
annually left in the treasury. 
The time has come in the growth of the state, when the 
more effective stimulation of various important branches 
of industry requires that the society should be able to offer 
larger prizes. But to do this without the danger of utter bank¬ 
ruptcy, in the event of stormy weather during any one fair, is 
out of the question. The officers have formed plans which 
promise to increase the revenue of the society the present 
year. Should they succeed, we shall be able to replenish the 
treasury and again stand on better footing. If not, it will be 
imperative upon the managers to ask the enactment of a law 
making to the society a reasonable annual appropriation for an 
increase of the premium fund. 
By some appreciative friends of industry and of the faith¬ 
ful and vigorous efforts of the society in times past, the ques¬ 
tion has already been raised, whether it is wisdom on the part 
of the state to allow its industrial organizations, upon whose 
constant labors the material growth and prosperity of the state 
so much depend, to struggle half fettered and hampered for 
want of a little pecuninary aid—whether it would not be bet¬ 
ter policy to deal with them liberally and so put them in a po 
sition at once to make their labors more effective. 
In behalf of the executive board, I have the honor to be, 
Very respectfully, 
Your obedient servant, 
J. W. HOYT, 
Secretary, . 
State Agricultural Rooms, 
January, IS’ZO. 
