The American Missionary — Volume 41, No. 12, December, 1887Various
Religion
The American Missionary — Volume 41, No. 12, December, 1887
Various
Congregational churches -- Missions -- Periodicals; Home missions -- Periodicals
Your committee hope that measures can be taken to bring the
attention of our beloved churches to this their phenomenal
opportunity and duty—to give the gospel at short range and nominal
cost, to Asia’s millions and support that message with all possible
sympathy and aid.
* * * * *
REPORT OF FINANCE COMMITTEE.
BY MR. CHAS. A. HULL, CHAIRMAN.
In presenting their report upon the financial condition and
management of the business of the American Missionary Association,
your committee on Finance desire to commend the clear and thorough
manner in which the accounts are kept, so that any needed
information may be had regarding any one of the numerous items of
investment or expense at the numerous places where the work of the
Association is carried on. The schedule of the property owned by
the Association shows it to be possessed of buildings and land for
the carrying on of educational and church work, the aggregate cost
of which stands at $576,540.15. In addition to this plant, the
Endowment funds amount to $229,375.78 which are securely invested,
and yield an annual income of about $10,000. The Association also
holds conditional trust funds amounting to $69,726.95. The good
judgment shown in the purchase of land, the erection of buildings,
and the investment of the permanent funds speaks well for the
thorough care of the officers and the Executive Committee.
The committee desire to congratulate you and the Congregational
churches of our land upon the extinction of the debt which for
several years has been a burden to the Association. The treasurer’s
report shows a balance on hand of $2,193.80, after paying every
liability of the Association up to October 1, 1887, including the
debt of $5,783.71, which remained at the end of the previous year.
In order to accomplish this, however, it has been necessary to
defer until the receipts should warrant it, much work which presses
with importunity upon the Association in the various fields.
We find that the treasurer’s accounts are regularly and faithfully
examined each month by the financial committee of your executive
board; and at the end of the year by two auditors chosen by the
Association who attach their certificate to the report, and who
are thoroughly reliable business men. The accuracy and economy
of the work are thus as fully secured as in any merely business
establishment. The by-laws of the executive committee provide a
system of checks upon the officers similar to those in use in great
corporations; and while of old it was said that “the children of
this world are wiser in their generation than the children of
light,” we are glad to note that in the administration of the
American Missionary Association so great a degree of worldly wisdom
or common sense has been employed.
Public-domain text, read in full here on John Shaqi.
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