Book Description

Excerpt from Transactions of the National Association of Cotton Manufacturers, Vol. 82: Annual Meeting, Held in Huntington Hall, Massachusetts Institute of Technology; April 24 and 25, 1907 This amount of accounts receivable is more than it was a year ago. This Association pays its bills promptly, but in order to do so, it has been necessary to borrow money for the pur pose this year as was also done last year, because delays in pay ing dues have at times rendered the available resources inade quate for the needs of the Association. This appears to be a condition of affairs which has always existed and yet has never been accounted for, except neglect on the part of many members to pay these bills, as the amount of the annual dues is too small to be such a tax on the resources of any member as to be a cause for delay. This is the only technical organization holding two meetings a year and issuing illustrated transactions of the same, not to mention other work of this organization, and having dues of the small amounts of this Association. It has been the policy of the Association, not merely that its members should receive the amount of dues in expenditures for their benefit but that the whole income should reasonably be applied for them. During the past year the expenditures of the Association were in excess of the amount received for membership dues, and also admission fees, that is to say, the members received from the Association what cost 36 per cent. More than the amount which they paid to the Association. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.