Meeting of the Co-operative Society.
Receipts stock, etc., for year
1886-87. $31,970 91
Expenses, mdse., etc. 31,969 18
Leaving a balance of. $1 73
Resources Sept. 19. 1887. $5,788 20
Liabilities, same date. 3,512 93
Leaving net present worth $2,272 27
The figures for the part of the fiscal year beginning September 19, 1887, and ending March 1, 1888, are as follows:
Cash on hand and receipts. $36,921 80
Expenses. 36,918 94
Leaving a balance of. $2 86
The last figures are, of course, exclusive of the stock on hand.
After the acceptance of the treasurer's report, the president made a few remarks, in which he stated that there was at present no good reason to suppose that a small dividend would not be paid at the end of the year, although it might seem to the management best to increase with this money the present small capital of the society.
The officers chosen for the ensuing year were: President, Prof. J. B. Ames; treasurer, J. H. Gray; secretary, A. V. Woodworth, '91. Directors-Prof. F. W. Taussig, from the University at large; C. H. Grandgent, from the faculty; A. G. Hatch, R. D. Weston Smith, Law School; F. B. Lund, '88; G. T. Keyes, '89; R. Tyson, '90; A. V. Woodworth, '91. After the election of officers, the meeting adjourned.