The 1915 campaigns particularly needed all the aid that the Journal could give, and feeling keenly that the proposed changes would greatly reduce its power of usefulness, the following points were made by Mr. Stevens and myself in further consideration of the matter with Miss Blackwell and a few warm friends of the Journal: With the single exception of the _Irish Citizen_, the Woman's Journal is the only suffrage paper in existence which has no organization back of it. _Jus Suffragii_ has the International Woman Suffrage Alliance. _The Woman Voter_ has the New York Woman Suffrage Party. _Votes for Women_ in England has the United Suffragists. _The Suffragette_ had the Woman's Social and Political Union of England. _The Suffragist_ has the Congressional Union. _The Headquarters News Letter_ has the National Suffrage Association. Now, while the Journal has had no organization with large membership and resources to make it a power, it has shown great vitality as witnessed by the fact that it is the oldest surviving suffrage periodical in the world. Furthermore, it has shown such remarkable growth during the past few years, with no capital put up to promote it and build it up as other businesses are built up, that it seemed apparent that all it needed to make it strong and self-supporting was a reasonable amount of capital, a reasonable amount of time and the wholehearted co-operation of suffragists in general which has been growing in an encouraging degree. It seemed a time for faith and not for fear. It was accordingly decided to retain the eight-page size, to continue the paper as a weekly and to borrow the money necessary to meet the deficit, believing that the great body of readers of the Journal would approve and sustain this decision when it was brought to their knowledge. They would feel that a backward step should be impossible. At the present time and covering the indebtedness of the Journal from October, 1912, to January, 1916, the figures are as follows: Borrowed in 1915....................... $10,500 Owed E.L. Grimes Company for printing, paper stock, mailing, approximately .. 9,000 ________ $19,500 The assets of the Journal at the time of the last stockholders' meeting (January 28) included the following: Subscriptions in arrears .................$4,968 Sales accounts ........................... 45 Advertising accounts ..................... 460 Legacy of Miss Caroline F. Hollis......... 3,000 Legacy of Mrs. Mary E.C. Orne............. 4,000 Legacy of Mrs. Hollingsworth ............. 1,000 ______ $13,473 The amount to be raised, therefore, to meet the indebtedness of the three years and three months from October 1, 1912, to January 1, 1916, is $6,027.