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Board Rooms, Tuesday, Oct, 4,1927.
The regular meeting of the Board with the State
Members present was called to order by the President at 8 P.M,
The devotional services were conducted by Brother
C.B.Bobo of South Carolina.
. The following were- present at -the initial meeting:
. State Members — Joshua Levering, Maryland; Y/.W.
Chancellor,. Oklahoma; Forrest Smith, Texas; C%B.Bobo, South
Carolina; J.L. White, Florida; H.M. Fugate, Georgia; J.M.
Shelburne, Virginia; Wm.Harrison Williams, Missouri; Hugh T.
Stevenson, district. of Columbia; F.F. Gibson, Kentucky; J.H.
Anderson, Tennessee; W.R.Rigell, Alabama; O.P. Estes, Louisiana;
J. Marcus Kester, North Carolina. Also-L.E.Bartbn, Vice-President,
Southern Baptist Convention.
Local Members — S.B. Woodfin, B.M.Gwathmey, R. Aubrey
Williams, Mrs. Carrie W. Moore, Hill Montague, -L.Howard Jenkins,
R.E. Gaines, ,W.A. Harris, Miss Alta Foster, S.B.Gousins, Mrs.
Julian P. Thomas, W.G.Mahone, W.Thorbum Clark, George T. Waite,
J.V/.Storer. . . .
. The minutes of the July -28th -Meeting we re read
and approved. .
The Treasurer reported as follows:
Month of July 1927.
Balance in Banks, June. 30,1927.. ..... ..... ..
RECEIPTS— .
Cooperative Program . 56.7&2.2S
Designated Gifts. . . -12,718.06
Debt... . . . 1,409.02
Borrowed Money. . . 25,000.00
Book Department . 998.24
Legacies: Mo* 500.00
Ky* . 57.29 . 557.29
Annuities. ....... . ........ I-, 100. 00
Endowments . . . 5 , 643.52
Income from Annuity Securities . 2,433.00
Jncome from. Endowment Securities.. . 925.49
Income from Trust Funds . 750.00
Miscellaneous Income . 441.19
Total—
DISBURSEMENTS —
Foreign Fields . 88,123.33
Interest on Borrowed Money..., . - 383.29
Notes Payable, . 1,212.50
Book Department..... . 3,135.80
Annuity Securities . 14,000.00
Endowment Securities........ . 5,600.00
Special Acct.Qeo.N. Sanders . . . 122.67
Interest on Annuities . 513.91
All Other Puraoses . . . 8.773.23
Balance in Banks July 31,1927 .
CURRENT ASSETS AND LIABILITIES.
ASSETS —
Balance in Banks . 47,597.75
Book Department . 8 , 179 • 80
Appropriations, — Expenses. ....... ... . . . . .-. 1-61,037. 55
Special Acct. -Geo. N. Sanders 74,700.-24
Less Reserve fpr Loss... 50.000.00 24,700.24
Current Liabilities in Excess of Assets... •• '
LIABILITIES—
iTotes Payable — Borrowed Money . 955,181.39
Designated Funds not Appropriated .... 46,610.93
Letters of Credit . 246,686.86
$60,704.39
108.758.09
‘штШтш
121.864.73
”47,
Б'Э'У.ТБ
241,515.34
1,006,963.84
1, 24S 479.13
1,248,479.18
E.P. Buxton, Treasurer.