"The number of hours' labor performed during the year, reduced to the medium class, is 93,446. The whole amount of property at the appraisal is $32,564.18. The net profits of the year are $9,029.73; which gives a dividend to stock of nearly 7-3/4 per cent., and 7-3/10 cents per hour to labor. "The Phalanx has purchased and cancelled during the year $2,000 of stock; we have also, by the assistance of our mill (which has been in operation since June), and from our available products, paid off the incumbrance of $1,095.33 with which we commenced the year; made our mechanical and agricultural improvements, and advanced to members, in rent, provisions, clothing, cash, etc., $5,237.07. The annexed schedule specifies the kinds and valuation of the property on hand: 1,713 acres of land at $3.00 $5,139.00 Agricultural improvements 3,509.77 Agricultural products 5,244.16 Mechanical improvements 12,520.00 Live stock 2,983.50 Farm and garden tools 1,219.77 Mechanical tools 380.56 Personal property, miscellaneous 1,567.42 ---------- Amount $32,564.18 "BENJ. WRIGHT, President." In June, 1848, Warren Chase sent a letter to the _Boston Investigator_, complaining of the _Harbinger's_ indifference to the interests of the Wisconsin Phalanx; and another writer in the _Investigator_ suggested that this indifference was on account of the irreligious character of the Phalanx; all of which the _Harbinger_ denied. To the charge of irreligion, a member of the Phalanx indignantly replied in the _Harbinger_, as follows: