/
REPORT OF
?5he
Book Concerrv
* Of the African Methodist
episcopal Chvirch.
TO THE TWENTY-SECOND QUADRENNIAL
SESSION OFTHE GENERAL CONFERENCE
OFTHE A. M. E. CHURCH, CHICAGO, ILL.,
MAY 2ND,. 1904.
REPORT OR1
THE BOOK CONCERN
OF THE
African Methodist Episcopal
Church
TO THE 22nd QUADRENNIAL SESSION
Of the General Conference of the A. M. E. Church,
Chicago, 111., May 2nd, 1904.
REPORT OF
The Book Corvcerrv
Of the A. M. E. Church.
Rev. John H. Collett, General Business Manager.
TO THE BISHOP AND MEMBERS OF THE GENERAL
CONFERENCE OF THE AFRICAN METHODIST
EPISCOPAL CHURCH, ASSEMBLED IN
CHICAGO, ILL., MAY THE
2ND, 1904.
Reverend Fathers and Brethren in Christ:—
The Publication Department, the first and oldest Depart¬
ment of the A. M. E. Church, is still an active and effective
agency in the advancement of the Redeemer's Kingdom.
It stands intact to-day a credit to the past and present la¬
bors of this great Christian Church.
The General Conference at Columbus, Ohio, in May, 1900,
elected as Manager of this Department a son of North Caro¬
lina, the Rev. R. H. W. Leak, D. D. And we bring it back to
you through the hand of another son of the old north State,
who was appointed to fill the vacancy which occured through
the action taken by the Board of Publication and the resig¬
nation of Dr. Leak.
And though its voyage has been stormy and destruction
threatened its business life, we present it saved to-day with a
business record never surpassed for excellence, clear profit,
good business achievements. We will present to-day facts and
figures which will sustain these assertions.
BOOK CONCERN REPORT
CONDITION AND CAPITAL.
In January, 1902, we, upon taking charge, were confronted
with a sheriff's notice placed on the building, 631 Pine Street,
Philadelphia, Pa., giving notice that furniture, printing plant
and all effects of the Department would be sold at public auc¬
tion on the 22nd day of January, 1902.
A note for $350.00 was given us by the Financial Depart¬
ment to assist in the off-set of the sale. We succeeded in stop¬
ping the sale and settled down to a hard business fight in an
endeavor to satisfy numerous creditors and to save the Pub¬
lication Department.
This was no easy task as the Department was without either
money or credit, and with very little stock. That we are able
to present the Book Concern to the General Conference with a
business existence, is indeed astonishing to us, marvelous, and
beyond any business calculation that could have been made
when we took charge. Think of it! All we found was a
mountain of indebtedness, lost credit, angry creditors, no cash
and little stock. Not one cent of appropriation has been given
this Department except the three hundred and fifty dollars to
assist in removing the Sheriff's restraint and off-set sale.
NEW METHODS ADOPTED.
Conditions were such that I found unless I stayed in the
office daily, all would be lost and failure would be the result.
On the other hand field work was necessary to increase the
revenue of the Department.
Whilst I remained at my desk to palliate and plead with
creditors for time, avert law-suits, reconstruct ,and change the
system of management and arrange for the renewal of stock,
the important place of field agent was filled with profit, ac¬
ceptability and credit by Mrs. Ruth M. Collett, who volun¬
teered to do this work for the Concern without the charge of
commission pr salary.
This was a great help to the Department as we needed every
pent and $1000.00 commission was saved to the Department
through her efforts.
After getting the Department in good running condition
BOOK CONCERN REfORT
and matters well straightened out, I visited a number of Con¬
ferences and cities in the interest of the Concern. My labors
yielded large returns for the Department.
CERTIFIED PUBLIC ACCOUNTANT AND AUDITOR.
For the protection of the Church, for my personal protec¬
tion and to convince pressing creditors that every cent would
be honestly dealt with, and the affairs of the Department con¬
ducted in an open and business manner, as per Cdrporation,
was my reason for employing this officer under the law of
the State of Pennsylvania, to audit the books of the Concern
quarterly.
Several Firms held notes running up to from hundreds to
thousands of dollars, besides numerous open accounts against
the Concern. On every hand we were in the clutches of
shrewd business people, who at any moment might bring the
Concern in Court. The Auditor was valuable as month after
month we extricated the Concern.
CASH SYSTEM ADOPTED.
Finding "Accounts Receivable" so large, representing
$15,000.00 and collections hard to make and many disputed
statements and bills I at once adopted a cash system. It
proved to be the right arm of power to the Department and
has given the splendid results which we will show in this re¬
port.
NEW FEATURES AND MANAGEMENT.
(A) Bank Account opened in the name of the Book Con¬
cern of the A. M. E. Church.
I. Book Concern Check designed and printed by us bear¬
ing the portrait of the late Bishop J. P. Campbell.
II. Receipt and Check Voucher.
III. The Recorder Subscription Book.
IV. The Pay Roll Record Book.
V. The Order Book containing record of the shipment of
all orders.
VI. Money Order Record containing number of money
order, check number.
6
BOOK CONCERN REPORT
VII. Registered Letter Number, with name of person, place
and date.
IMPROVEMENTS.
The Christian Recorder has been greatly improved by the
addition of a new head-line which we designed and had made
bearing the face of the illustrious founder of the A. M. E.
Church, Richard Allen. The print of the Recorder has also
been greatly improved by the ^addition of new type. Its cir¬
culation increased 3000. The paper has been printed and
mailed with regularity. We have removed all advertisements
not in keeping with the religious standard of the paper.
THE REVIEW.
We have printed and bound in our own Publishing House
the A. M. E. Church Review Quarterly. The beautiful cover
of the Easter Edition of the Review, which displayed great
artistic skill in the blending of colors was the work of our own
printers at the Publishing House.
JOB DEPARTMENT.
Great improvement has been made in the execution and
dispatch of the work of this Department. We have turned
out books and pamphlets, the workmanship of which gave
satisfaction to our patrons and measured up to the standard
of leading printing houses. We have taken no second place
in this Department. The Credentials which you hold as dele¬
gates to this General Conference are samples of work done
by our printers. Other samples of work at hand are the Min¬
utes of the Women's Mite Missionary Society. The Church
Extension Blue Book, Scraps of A. M. E. History by Bishop
Handy, the Seven Kingdoms by Bishop Salters, and numer¬
ous other, books and pamphlets which are bright evidences
of the skill and efficiency of our printers. The Job Department
has been a money maker for the Book Concern.
Every Hymn Book issued during my administration was
printed in our own Publishing House by Colored Printers.
Every Digest, every Polity, is the work also of Colored Print¬
ers in your own Publishing House.
We further recommend to this General Conference
for the use of the entire connection, the very excellent
Class Book Receipt and Report Blank, that has been given
the Church by the Rev. John H. Grant. I do not hesitate
to say that "Grant's Vest Pocket Class Book Receipt" is
the best financial method for the regulation of our class
work, that it is my pleasure to know about. To adopt
Grant's Class Book Receipt means ordjsr, system and finan¬
cial increase to the connection.
BOOK CONCERN REPORT
7
STORE AND SHIPPING DEPARTMENT.
We have been able to replenish our shelves with books as
rapidly as shipment depleted them, and have at all times
kept on hand a full line of books for the trade. We have
placed in the store a Cash Register, new desks, new type¬
writer and other improvements and conveniences.
THE BUILDING.
The entire building has been thoroughly renovated, re-
papered, painted and put in first class condition at a cost of
nearly $500.00 and all these improvements paid for in full.
APPROPRIATION NOT RECEIVED.
The Financial Board voted an appropriation of fifteen hun¬
dred dollars for the relief of this Department and Publication
of this action appeared in our Church Organs, but not one
cent of the fifteen hundred dollars voted to be appropriated
has been received by this Department; but unaided from this
source which has heretofore given from one thousand to three
thousand five hundred dollars every Quadrennium, we have
struggled on for more than two years with only small Allen
Day returns to aid us. We stuck close to business and good
business methods and thus out of the actual earnings of the
Department kept the wheels of the Concern going, paid off
many of its creditors.
Not a day have we shut down nor banked our fires, not even
during the great coal strike when we paid from $14.00 to
$18.00 per week for fuel for which we paid cash.
THE CAUSE OF FAILURE.
The main cause of the failure of this Department to make
money and build up a Strong efficient Publishing House, is to
be found in the absence of the Manager from his post of duty,
at his desk in the Department. I have studied this matter
closely and I have investigated and looked into the methods
of a number of successful business houses and I find that the
Manager in these Departments is almost continuously at his
post of duty.
No man can successfully manage the Publishing House and
s
S00l£ CONCERN REPORT4
be absent from" his office, " in the field, visiting Conferences,
acting as an agent from two to four months at a time; for
what he gains in the Conferences as an agent is being lost at
the Department in the accomplishment of business. The very
idea of a traveling agent managing a great Publishing Plant
is ridiculous to say the least of it.
AID GIVEN BY THE BISHOPS.
We presented the condition of the Book Concern at the
Bishops' Council at Mobile, Ala., and informed them that no
appropriation had been given to assist the Department, not¬
withstanding the fact that the Department out of its earnings
had reduced its indebtedness.
Yet one creditor who held a claim of $2,560.00 and six years
back taxes were pressing so heavily that money could not be
realized rapidly enough out of the business to satisfy these
claimants. ,
These facts having been presented to the Bishops and they
seeing the great strain which was upon the Department, came
to. its rescue by placing at our disposal, through a committee
for the Rodelheim claim of $2,560.00, $2,300.00 with which
amount every note and his open account against the Depart¬
ment was taken up and cancelled in this transaction we saved
$360.00 for the Department. The account was settled accord¬
ing to the books of the Concern.
This was a noble and timely act on the part of these ven¬
erable fathers and it has brought great credit and honor to
the entire Connection.
WHAT HAVE WE ACCOMPLISHED.
Paid on indebtedness out of actual earnings Allen Day and
Donations, $6,281.70. Paid by the Bishops, $2,237.01, making
total paid on indebtedness $8,518.71.
. STOCK ON HAND.
We have in- finished and raw material as valued by us
$9,000.00, we include in this 2000 copies of the "Colored Regu¬
lars" by Chaplain T. G. Steward, D. D.
BOOK CONCERN REPORT
9
AMOUNTS ON DEBTS PAID OUT OF TRE ACTUAL
EARNINGS OF THE DEPARTMENT.
Search Light on Our Work.
Legal Profession 21 00
To Wm. Bryan's Loan 500 00
Improvements 450 00
Frank Miller's Claim 420 15
Moorehouse . 60 00
Bushner's 99 44
Shoemaker iic\ 00
Hultz 134 00
H. T. Kealing 40 00
G. M. D. Bellows 100 00
Florida Conference 100 00
Sprague 35 00
New Jersey Conference 75 00
W. B. Heath 23 20
Jas. Potts .. 1 04
Parker and Murphy 10 66
E, H. Eiler 4 67
Joseph Tisdale 75
Hess and Baker 4 20
H. Katz 1 00
Berlin Ink Co 51 73
tt. L. Wilson 23 36
Scattergood • •• n 00
Christian Finance 2 75
Myer Bros 2 25
M. B. Niles .1700
Oxford University 5° 99
Philadelphia Engraving Co 19 55
Jas. Arnold 3 75
Beck Engraving Co 22 35
Knowland 25 20
Rodelheim's Account 180 00
Cash Register 5° 00
10
BOOK CONCERN REPORT
N. C. Confernce Minutes 5° 00
Typewriter 55 00
Paid on Interest 9°2 95
Commission 5QI 64
Rev. Graham (paid as royalty) 125 00
Rev. Haynes (paid as royalty) 200 00
Mrs. Tillman (paid as royalty) . 125 00
Embry's Estate $650 00
Blasius 15 00
Walkey and Go 51 88
Besswick 2 70
Albro 5 38
Bell Telephone 21 17
Phillip Carey 65 00
Powell and Maddock 3 75
Burchfield 18 00
J. B. Stansbury 75 00
Holman 5 80
Typewriter 10 50
Henderson (coal) 7 50
Geo. Bellows 12 84
Elliot 40 48
Bryant (on account) 20' 00
Yeo n 88
Lasher 112 50
Godfrey 16 32
Strawbridge 6 34
Dobson 21 04
Rec. Pub. Co 4 41
Megargee 24 41
Linotype 55 17
Franklin Co 161 00
Scranton 3 60
Merchandise Refunded 250 40
Total ...$6,281-70
BOOK CONCERN REPORT H
NUMBER OF PUBLICATIONS.
The Seven Kingdoms, by Bishop Salter, D. D iooo
Scraps of A. M. E. History, by Bishop J. A. Handy, D. D. iooo
iVre the White People of the South the Colored People's
Best Friends, by J. H. Haynes 5000
The Jolly People, by J. P. Sampson . 3000
The Disappointed Bride, by J. P. Sampson 2000
The S. S. Lesson Plan, by Mrs. H. A. Fry 500
Thirty Years of Freedom, by Mrs. Tillman 3000
Recitations and Dramas, by Mrs. Tillman iooo
The True Christian Sabbath, by Rev. R. A. Graham..... 2000
Mite Constitutions 5000
South African Letters, by Bishop L. J. Coppin, D. D... 3000
Stray Thoughts, by Bishop B. T. Tanner, D. D iooo
Christ and His Church, by Bishop W. B. Derrick, D. D. iooo
Life of Allen, by Bishop Lee and Rev. Yeocum iooo
Holy Sacraments, by Rev. J. Gwynn iooo
Joyful Noise, by Mrs. M. A. Gwynn iooo
A. M. E. Polities, by Bishop H. M. Turner, D. D 800
Digest of Theology, by Bishop Embry, D. D iooo
Order of Church Service 2000
Rituals iooo
Descent of the Negro, by Bishop Tanner, D. D iooo
Tanner's Outline iooo
Musical Hymnals 2500
32 mo. Hymnals 6000
18 mo. Hymnals 4000
Lux Gentris Nigrae, by H. T. Johnson iooo
Key to the Problem iooo
In type ready for the press, by Rev. T. G. Steward, D. D. 2000
Brown Chapel, by R. E iooo
A. M. E. Reviews 17000
Conference Minutes 13000
International Law and Treatise, by S. Mason, LL. D... iooo
Sin Against the Holy Ghost, by Rev. Lewis iooo
Parents and Children, by Rev. W. Thompson iooo
Evangelical Catechisms, by Rev. R. H. W. Leak 2000
12
BOOK CONCERN REPORT
Baby Rally Debt Cancellers, by R. M. Collet 2000
The Colored Regulars, by Chaplain T. G. Steward, D. D. 2000
The Brown Chapel, by R. E. Ford 1000
The Pulpit, Pew and Parish, by H. T. Johnson 1000
RECOMMENDATIONS.
We recommend that the actual indebtedness of the Book
Concern be assumed by the Financial Department of the
Church, and the amount be paid to the Creditors on terms
hereafter agreed upon by Creditors and the Department.
We recommend that the management of the Department re¬
main as it is; under Manager and Editor.
We teeomciend^ that "this, Genial Conference outline "the
policy*,l'6T^he-Dlu"4a4ian ^^6erder*,ar^Tollows: ^
That no Article shall appear in-4ts columns which may in-
volAre"the Management in aJaw suit.
We further refcommendjthat-all—Articles, in reference to
which There is-ar kouFt""as to*,their fitness Jjo-appeaTsmi the
columns of the Chmtialf Recorcl^r shaltlie submitted for the
consideration of a Committee of Three, consisting Trf^Editor,
President of Board and Manager.
We also recommetwPfFat the colymfns"oi the Christian Re¬
corder be closed to all ArticlesTvhich have a^eFdency to in¬
jure the Church.
We further recommend that all business done by the Book
Concern during the next four years be on a cash basis except
business in the Mercantile Trade.
We recommend that all blanks of every description used in
Annual or Quarterly Conferences shall be printed at the Book
Concern and no other blanks except these be used by Con¬
ferences.
IN CONCLUSION.
Dear Brethren, Members of the General Conference and Rep¬
resentatives of this great Church:
Allow me to say that it was only the love for my Church,
my Race and my native State which caused me to take upon
my shoulders the great responsibility of redeeming and hold¬
ing intact the Publication Department; and
BOOK CONCERN REPORT
13
Be it known that when first requested to take the manage¬
ment of the Publication Department I refused the offer the
conditions being so serious, but upon being urged to take
charge, and having a desire burning in my heart for the suc¬
cess of this Old Land Mark of African Methodism planted by
the fathers, I determined to make the effort and struggle of my
life to preserve its existence.
Ah! It cost me tears, sleepless nights and weary days,
sometimes not knowing where to go for help.
Thank God for his guidance and for the great loyal heart
of African Methodism and other benevolent friends who aided
us.
I' am here to report success by figures and facts.
Out of comparatively nothing we have brought results which
are a credit to the entire Church and Race. We present to you
the Book Concern with Assets exceeding Liabilities and an ad¬
ditional $5000.00 assets on the books not included in the find¬
ings of the auditor only substantial collectable, live assets are
carried in the account.
• There are fifteen thousand dollars due the Department for
Recorder subscriptions, Merchandise, Recorder sales, print¬
ing of Minutes and Job Work.
These outstanding debts will to-day, if collected, pay off the
indebtedness of the Department. The names of all persons
owing amounts that make the aggregate of $15,000.00 are on
the Books of the Concern. The CREDIT business has ruined
the Department.
Having earnestly and faithfully struggled during the period
of two years and six months with the affairs of the Publica¬
tion Department and endeavoring to practice economy and to
adopt the best business methods and deal honestly, we are
pleased to say out of darkness I bring you LIGHT, out of con¬
fusion and dismay I bring you clearness and JOY.
What was lost is regained; and now unto Him who hath
kept us and guided us through all weariness and sorrow and
enabled us to accomplish the task given us, be thanks and
praise forever, Amen.
Yours in Christ,
JOHN HENRY COLLETT.
u
BOOK CONCERN REPORT
Philadelphia, Pa., March 31. 1903.
The books have been carefully kept and carefully examined.
Although probably many of the accounts receivable need ad¬
justing. Since December when a bank account was opened in
the name of the Concern the work has been much more sat¬
isfactory. Also, having the vouchers numbered and in regu¬
lar form is a great assistance in auditing and is the only proper
manner in which to keep vouchers for reference. The present
method of entering notes payable is also satisfactory.
The list of Accounts Receivable you were to have typewrit¬
ten and that list can be attached to this statement. Probably
one-half of these accounts should be charged to Profit and
Loss account.
If they are not collectable, it is only a hindrance to the book¬
keeper to carry them on the .books. I advise that you go over
the list carefully and to instruct the bookkeeper to charge all
worthless accounts to Profit and Loss.
It was not possible to divide wages to the several sales ac¬
counts, so that from the gain on each department must be
deducted the wages which belongs to that department.
If the Board would only devise some means to help you pay
off the current liabilities, which amount to $7,000.00, you could
no doubt buy on much better terms. We all know that a cash
business is more profitable; you can buy and sell to better ad¬
vantage.
Respectfully submitted,
N. B. NILES,
Certified Public Accountant.
BOOK CONCERN REPORT
15
RESOLUTIONS.
Whereas, We the Members of the Executive Board have
listened with delight to the Report of the Business Manager
in which he has given a clear and minute exhibit of all Re¬
ceipts and Expenditures since assuming control of said Pub¬
lication Department; and
Whereas, The showing made in said Report is of the most
excellent and satisfactory nature, knowing as we do the de¬
plorable state in which said Department was in upon the Rev.
H. Collett taking control; and
Whereas, The success which has been achieved must be at¬
tributed to the staunch business methods with which said
Manager is thoroughly conversant, without which success
could not have been attained.
Resolved, That we are delighted in saying that we have
found said Business Manager to be a person of correct busi¬
ness ideas and a man of integrity and capacity.
Resolved, That we commend him and the successful man¬
agement of the Department to the General Church believing
that if allowed to continue under the existing management for
a few years success will be achieved, such as will reflect credit
upon all concerned.
Respectfully submitted,
W. P. HALL,
J. B. STANSBERRY,
ST. BIVINS,
S. E. PURNELL, Secretary,
W. B. DERRICK, President.
Philadelphia, April 22nd, 1904.
16
BOOK CONCERN REPORT
STATEMENTS FROM THE BOOKS OF THE A. M. E.
BOOK CONCERN.
Report 3—J. H. Cpllett, G. B. M., January 14th, 1902, to
March 31, 1902.
ASSETS AND LIABILITIES.
March 31, 1902.
Assets.
Real Estate, Ground and Building..... .$17,500 00
Machinery 4,640 00
Office Fixtures 150 00
Organ 50 00
Mdse, Inventory (Store and Bindery).. 2,620 95
Recorder Inventory 156 85
Type and Sundries 730 80
Plates and Cuts 1,982 20
Job, Paper and Supplies 674 74
Cash 72 04
Sundry Accounts Receivable 6,110 74
Sundry Accounts Receivable 82 87
Liabilities.
Mortgage Payable $5,000 00
Loans and Interest payable as per list.. 3,479 20
Bonds Payable 371' 00
Bills Payable (Promissory notes) S,?1/ 63
Book Accounts Payable 818 81
Wages Payable. Old Account 305 48
Total $15,192 12
Balance or Net Investment $*9,579 °7
Grand Total $34,77* *9
BOOK CONCERN REPORT
17
Merchandise Account.
Sales, 1-14, '02, to 3-31, '02 $1,687 *8
Inventory Jan. 14th, 1902. ,... $2,210 20
Binding 437 62
Purchases 114 94
$2,762 76
Inventory March 31, 1902 2,620 95
— 141 81
Balance or Gross Gain on Mdse $i»545 37
Recorder.
Subscriptions 1-14, '02, to 3-31, '02 $ 350 13
Sales, 1-14, '02, to 3-31, '02 11 07
Advertising, $9o.23-$35.oo 55 23
$416 43
Mail for Recorder $ 60 04
Paper • • • I5° 00
210 04
Gross Gain on Recorder $206 39
Job Work.
Sales, 1-14, '02, to 3-31, '02 $144 25
Inventory, Jan. 14, '02. $ 619 21
Purchases, Supplies and Expenses 207 73
$ 826 94
Inventory, March 3Isb '02....... 674 74
$152 20
Balance or loss on job work $ 7 95
18
BOOK CONCERN REPORT
GAINS AND EXPENSES.
January 15, '02, to April I, '02.
Gains.
Merchandise $L545 37
Recorder 206 39
Use of Organ 1 50
Expenses.
Wages, Store, Office, Job Work, Recorder $1,004 67
General Expenses 84 70
Traveling Expenses . 18 90
Fuel and Gas 103 31
Postage ..... 94 21
Commission 2 45
Repairs 75 94
Express and Hauling 22 29
Legal Expenses 56 75
Job Work —,... 795
Type 29 26
Gain on i 252 83
$1,753 26 $1,753 26
Sales.
Merchandise, cash credit $1,687 *8
Job Work 144 25
Recorder 416 43
Total net sales, three months. $2,247 86
Investment Account.
Balance net investment Jan. 14, '02 $18,365 50
Appropriations $ 350 00
Allen Day — 634 39
Donations 131 00
Net Gains as per statement of Gains,
expenses $252.83, interest $154.65 98 18
$1,213 57
Balance investment as per statement of
"Assets and Liabilities" $I9«579 07
BOOK CONCERN REPORT
19
A. M. E. BOOK CONCERN, APRIL i, 1903.
ASSETS AND LIABILITIES.
Assets.
Real Estate $17,500 00
Machinery 4,649 34
Office Fixtures and Furniture 401 90
Organ 50 00
Merchandise as per Inventory 3T79 93
Type and Sundries, Inventory 1,414 35
Plates and Cuts, Inventory 1,511 00
Recorder, Paper and Supplies 281 85
Job Paper and Supplies, Inventory. ..... 385 16
Cash . 136 61
Book Accounts Receivable 4,346 43
Liabilities.
Notes Payable:—
Notes and Interest, principally
old loans as per list $4,422 90
Promissory Notes as per list.. 2,988 84
Promissory Notes, Rodelheim. 1,989 00
Total Notes Payable. $9,4°o 74
Book Accounts pay'le as per list 2,131 80
Bonds Payable 371 00
Bond and Mortgage Payable... 5>°°° 00
Total Labilities $16,903 54
Balance or net investment,April
1, 1903 i6,953 °3
$33,856 57 $33,856 57
ROOK CONCERN REPORT
SALES AND PURCHASES.
Merchandise Account.
Sales:—
Merchandise $6,036 40
Purchases:—
Merchandise $1,63706
Binding 725 69
Inventory April I, 1902 2,620 95
$4,983 70
Less Inventory Mar. 31, 1903 3,179 93
Cost of Merchandise sold... $1,803 77
Gain on Merchandise.., $4,232 63
Job Work Account.
Sales:—
Printing and Job Work..... $3,245 I3
Purchases:—
Paper and Supplies .$2,058 57
Less Inventory, Mar. 31, '03. 385 16
Cost of Job Work done (not
inc. wages) 1,673 41
Gain on Job Work $I,57I 72
Recorder Account.
Subscription $2,884 3°
Sales 341 81
Advertising 5°3 9^
$3730 01
Paper and Supplies $1,385 60
Less Inventory — 125 00
$1,260 60
Mailing Recorder 3°7 89
Editorial Services 20 00
Cost of Recorder (not inc.
Wages) ............ 1,58849
Gains on Recorder $2,141 58
BOOK CONCERN REPORT
21
GAINS AND EXPENSES.
April i, '02, to April 1, '03.
Gains.
Merchandise $4,232 63
Job Work 1,571 72
Recorder 2,141 58
Office Rent 124 00
Use of Organ 15 00
Expenses.
Wages, Store, Office, Job Work, Re¬
corder, etc., total $4,870 53
General Expenses 575 94
Traveling Expenses 583 65
Telephone 39 00
Fuel and Gas 489 52
Postage 240 92
Insurance 75 74
Water Rent 34 50
Commissions 260 92
Repairs 127 06
Express and Hauling 220 81
$8,084 93
Total Expenses $7,5*8 59
Balance on Gain 566 34
$8,084 93
Sales.
Merchandise, cash and credit $6,036 40
Job Work, cash and credit. 3>245 *3
Recorder 3>73° °7
Total Net Business ,for year ending
March 31/03 $13,011 60
BOOK CONCERN REPORT
April i, '02, to April 1, '03.
PROFIT AND LOSS ACCOUNT.
Gains.
Cain on Business as per Statement of
of Gains and Expenses $ 566 34
Allen Day 621 21
Donations 245 47
Losses.
Interest and Discount $ 918 14
Balance to Investment Account 514 88
$1,433 02 $L433 02
Investment Account.
Balance Net Investment, Apr. 1, '02.... $I9>579 °7
Less Worthless Accounts and Included
in Opening Entry, 1-14, '02 $2,905 09
Less old Accounts Adjusted, Bp. Gaines. 213 67
Less old Accounts Adjusted, Bp. Shaffer 22 16
$3,140 92
$16,438 15
Add Balance of Profit and Loss Account 514 88
Balance on Net Investment, April 1, '03. $16,953 03
BOOK CONCERN REPORT
23
STATEMENT FROM THE BOOKS OF A. M. E. BOOK
CONCERN.
April i, 1903, to April 20, 1904.
ASSETS AND LIABILITIES.
Assets.
Real Estate $17,500 00
Machinery 4,649 34
Office, Fixtures and Furniture 476 90
Organ 50 00
Merchandise as per Inventory 4,240 75
Type and Sundries 1,431 55
Plates and Cuts 1,511 00
Recorder Supplies and Paper 446 85
Job Paper and Supplies 40 50
Cash 86 23
Accounts receivable as per list 2,796 33
Liabilities.
Old Loans, Notes, Interest to date, as
per list $6,631 76
Current Notes, as per list $2,101 72
Accounts payable:—
Old j $ 491 13
New 1,353 61 1,844 74
Wages Payable 184 85
Bonds Payable 371 00
Mortgage Payable 5,000 00
Total Liabilities $16,134 07
Balance net Investment, Aoril 20, '04. .. 17,095 38
$33,229 45 $33,229 45
BOOK CONCERN REPORT
SALES AND PURCHASES.
April i, 1903, to April 20, 1904.
Sales:—
Merchandise $5,643 28
Purchases $1,090 93
Binding 928 96
Inventory, April 1, '03 3,179 93
$5,199 82
Less Inventory, April 20, '04 4,240 75
Cost of Merchandise sold $ 959 07
$959 o7
Gross Gain on Merchandise $4,684 211
Job Work Account.
Sales:—
Printing and Job Work .... $2,505 95
Purchases:—
Paper and Supplies $ 943 16
Inventory, April 1, '03 385 16
$1,328 32
Less Inventory, 4-20, '04 40 50
Cost of Job Work (excluding all wages) 1,287 82
$1,287 82
Gross Gain on Job Work $1,218 13
Recorder Account.
Subscriptions $3*963 41
Sales 220 29
Advertisements .. . 412 28
— $4,595 98
Paper and Supplies $ 968 10
Less Inventory 165 00
$ 803 10
Recorder Mailing 326 32
Cost of Recorder, excluding wages $1,129 42
Gross Gain on Recorder $3,466 56
BOOK CONCERN REPORT
25
GAINES AND EXPENSES.
April i, 1903, to April 20, 1904.
Assets.
Merchandise, gross gain $4,684 21
Job Work Printing, Etc., gross gain... . 1,218 13
Recorder, gross gain 3,466 56
Office Rent 120 00
Use of Organ 18 00
Expenses.
Wages, Store, Office, Job Work, Re¬
corder, Etc., total $6,043 54
General Expenses 571 37
Traveling Expenses 766 87
Telephone 75 43
Fuel and Gas 449 17
Postage < 327 64
Insurance no 67
Legal Expense 12 00
Commission 238 27
Repairs • 189 85
Express and Hauling 368 56
Total Expenses $9,*53 37
Balance on Gain on Business 353 53
$9,506 90 $9,506 90
Sales.
Merchandise, cash and credit $5,643 2&
Job Work, cash and credit 2,505 95
Recorder Subscriptions $3,963 41
Sales 220 29
Advertisements 412 28
$4,595 98
Total Net Busines from April 1, '03,
to April 20, '04 $12,745 21
BOOK CONCERN REPORT
PROFIT AND LOSS ACCOUNT.
April i, 1903, to April 20, 1904.
Gains.
Gain on Business as per Statement of
"Gains and Expenses" $353 S3
Allen Day, Contributions 66o 14
Donations 2,278 53
Losses.
Interest and Discount $ 915 03
Taxes 225 00
Worthless Accounts, net 16 30
Balance to Investment Account 2,*35 &7
$3,292 20 $3,292 20
Investment Acount.
Balance Investment, April 1, '03 I6,953 °3
Worthless Accounts and which were in¬
cluded in opening entry, Jan. 14, '02.. $1,693 52
Bishop Derrick, claim for expenses in '01 300 00
$1,993 52
Corrected balance of Investment Ac't. $14,959 51
Add balance of Profit and Loss Ac't.... 2,135 &7
Balance Net Investment as per State¬
ment of "Assets and Liabilities"
$17,095 38
BOOK CONCERN REPORT
SALES AND PURCHASES AND EXPENSES.
January 14, 1902, to April 20, 1904.
Merchandise $13,366 86
Job Work 5,895 33
Recorder 8,742 42
$28,004 67
Use of Organ 34 5°
Rent of Office 244 00
$28,283 17
Costs.
Merchandise, net less Inventory $2,904 65
Job Work, net less Inventory 3>i42 69
Recorder, net less Inventory 2,927 95
Expenses.
Wages $11,918 74
General Expenses 1,266 51
Traveling Expenses L369 42
Telephone 114 43
Fuel and Gas IP42 00
Postage 662 77
Insurance 186 41
Legal Expense 68 75
Commission 5QI 64
Repairs 392 85
Express and Hauling 611 66
Worthless Accounts 16 30
$27,126 77
Balance or gain on General Business
2j4 years $M56 4°
BOOK CONCERN REPORT
Investment Account.
Net Investment, Jan. 14, '02, as per opening entry.. $18,365 50
Less Accounts Receivable, Worthless, in¬
cluded in opening entry Jan. 14, '02 $4,598 61
Less Accounts Adjusted, old claims 535 83
— $5>*34 44
Corrected Balance or Investment, Jan. 14, '02 $13,231 06
Appropriations and Donations, 2)4 years 3,005 00
Allen Day, Contributions 2j4 years 1,9*5 74
Gain on General Business 1,156 40
$19,308 20
Less Interest charges for 2T/\ years, including Inter¬
est for Mortgages and Loans 2,212 82
Balance on Net Investment, April 20, '04, as per
Statement of "Assets and Liabilities" $*7,095 38
BOOK CONCERN REPORT
29
LIABILITIES.
Old Loans, Notes and Interest to Date.
1 Church Extension 610 oo
2 Mathew Estate 200 00
Interest 81 00
3 Mathews, Mrs 271 57
Interest 40 65
5 Campbell Estate 500 00
Interest 112 75
5 Campbell Estate 200 00
Interest 20 00
6 Campbell, Mrs .... 150 00
Interest • 38 25
7 Satfchell, C. W 100 00
Interest 4 50
8 Shaffer C. T 44 22
9 Gould, Theo 96 83
11 Tanner, Bishop 153 00
11 Goppin, Bishop 500 00
74 Giles, W. H 52 00
75 Derrick 300 00
62 Gould, H. D 194 45
Johnson, Eva 112 75
Fisher, E. H 11 5°
40 Leak, Gertie 13 08
73 Chew, Wm 369 00
Xenia 1,000 00
74 Gould, H. D 21 00
Ramsey, Wm 87 97
Anderson, Sol 34 74
Wilberforce University, Int. 3yrs. 1,312 50
Total $6,631 76
30
BOOK CONCERN REPORT
Current Promissory Notes.
71 Coppin, Bishop $ 329 67
49 Collett, J. H 709 40
73 Lowndes, Lloyd 100 00
74 Thomas, J. Sewell no 00
75 Osmmun, N. Y 5 00
Steward, T. G 100 00
Handy 200 00
73 Bellows, 4-30 50 00
Bellows, 4-30 15 00
76 Sager, 2-3 26 00
74 Lasher 90 00
Lasher 80 00
Bellows 55 00
75 Yost Typewriter 40 00
Lasher, Geo. F 76 65
Bellows, 7-31 35 00
Lasher, 8-1 80 00
$2,101 72
Accounts Payable.
100 Methodist Book Store $ 79 29
101 Eiler, E. H 5 69
104 Philadelphia Inquirer 9 35
Jones, Fred 10 00
Minton, T. J 10 00
W. Typewriter 4 4°
108 Bellows, C. A 41 93
no Bryant, Wm 61 50
116 Godfrey Co 25 65
Price, Thomas 21 22
118 Katz, H 3 3°
122 Miller, Frank 99 01
Berlin Ink Co . 16 35
129 Bass, H. W 10 10
138 Fuller, H 1 35
139 Philadelphia Engraving Company.. 8 00
140 Keystone 6 61
143 Arnold, James 2 00
143 Beck Engraving 62 95
BOOK CONCERN REPORT 31
144 Knowland 31 20
144 Hultz 90 00
149 Tanner, C. M 29 50
150 Keystone Telephone 13 00
152 Hall & Mack 24 46
153 Philadelphia Engraving 6 20
154 Antiquarian 1 00
156 Bently, D. S 42 20
158 White, S. W 40 00
159 Gaines 213 67
160 Sprague 3 50
161 Elliot & Co 88 91
162 Hoskins 6 10
164 Wanamaker 8 62
164 Winston 2 93
165 Type-Casting 404 12
166 Queen City 18 30
167 Keyser 21 45
168 Moorehouse 165 00
169 American Type Foundry 32 32
The Franklin 63 91
Coppin, Bishop L. J 59 65
$1,844 74
The Book Concern