Board Rooms, Wednesday, Oct. 6,1926.
The Board met in its regular October Annual Meeting
•at 10 A.M., the President in the chair.
The meeting was opened with devotional exercises
by Brother W.R.Rigell of Alabama.
The following were present:
State Members — Joshua Levering, Mary¬
land; .V.W. Chancellor, Oklahoma; Forrest Smith, Texas; C.B.
Bobo, South Carolina; 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, LcmiBian*i; A.E.
Prince, Illinois.
Local Members-- B.M. Gwathmey , Mrs. Carrie W.
Moore, Hill Montague, L. Howard Jenkins, R.E. Gaines, W.A.
Harris, Miss Alta Foster, S.B. Cousins, Mrs. J.P. Thomas,
W.G.Mahone, W.W. Weeks, W.Thorbum Clark, Geo. T. Waite,
J.W. Storer, R.A.WilliamsfS.B.Woodfin.
Also Secretaries Love and Ray, and Treasurer
Sanders. Geo. W. McDaniel, President of S.B. Convention, M.G.
White of Brazil, Mrs. Joshua Levering, Mrs. Love, J.T. Watts,
The minutes were read and approved.
The Treasurer reported as follows:
Month of Sept. 1926.
Balance Aug. 31,1926
43,649.78
RECEIPTS--
(Jo" operative Program . . .
Designated. . .
Debt .
Borrowed Money .
Income from Endowment Securities..
Income from Annuity Securities....
Balance of Legacy of D. Rich .
All Other Sources.. .
.49,095.04
. 9,387.27
. 20.00
100,000.00
1,102.50
222.00
2,264.73
882.00
162.973.54
йЙОб,
623.32
DISBURSEMENTS - -
Foreign fields.... . 98,946.44
Interest on Borrowed Money . 2,780.60
Special Deposits . 10,000.00
Interest on Annuities . 1,464.20
Expenses Southern Baptist Conven¬
tion... 3,144.72
All Other Purposes... . 5.914.41 122,250.37
- - - - :$5i,S72.9F
Balance in 3anks — Checking Account . *
CURRENT ASSETS AND LIABILITIES.
ASSETS —
Balance in banks, checking accounts. 84,372. 95
Speoiftl Deposits . . . 32,532.98
Stocks and Bonds . . 2.300.00 119,205.93
Liabilities in excess of Current Assets.. 1,740,408.40
' T,'555^,14.33
LIABILITIES —
Notes Payable — Borrowed Money.. 1,262,558.18
Designated Funds not yet Appro¬
priated . 44,214.04
Letters of Credit Issued previous
to 1926.... 111.992.94
, Signed —
Ge o. N. Sanders , Trea
V.
552,842.11 1.859 . 614.
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