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The History of Harvard's Commencement, Explained
The annual meeting of the Co-operative Society was held last evening in Sever 11. In opening the meeting President Taussig spoke most favorably of the condition of the society and its prospects. The outlook for the coming year is very encouraging. Hitherto the society has never been able to close the year with all its bills paid, but last year this was done for the first time. The total capital of the society on the first of July, 1891, was $6,000; this fall it is $8.000. All this is the accumulation of the profits of previous years, due to the energy of the former president, Professor J. B. Ames.
Following is the business of the society for the past two years:
Total Business, $63,350 00
Total Expenses, $6,686 00
Total Business, $70 374 00
Expenses, $7,042 00
Net Profits, $5,353 00
Dividends. $2,800 00
Alterations, $600 00
Addition to Capital, $1, 953 00 $5,353 00
Business to Nov. 14, 1890, $24.905 00
Business to Nov. 14, 1891, $34,483 00
The following officers were elected: President, Professor F. W. Taussig; Secretary, C. H. Fiske '93; Directors, from the Faculty, Professor A. B. Hart; from the University at large, Dr. A. A. Howard, and one member to be appointed later by the Directors; from the Law School, G. H. Holliday, A. N. Hand: '92, A. H. Lockett: '93, S. C. Davis: '94, K. Smith: '95, W. W. Cutler.
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