Publisher's Synopsis
Excerpt from Journal of Proceedings at Thirty-Ninth Annual Meeting: Held at Toronto, February, 4th and 6th, 1897
The association began 1895 with a debt of $260. This was reduced nearly $100 during 1895, the debit balance at the be ginning Of 1896 being During 1896 this deficit has been further reduced and is now $65, a reduction of $110. So far as I can see the association is today in a better position financially than it has been at any time during the past ten years. Great credit must be given to Mr. Shannon, who was president in 1895, and the present president, Mr. Brierley, for this favorable position. They have pursued a policy of retrenchment which must be admired all the more because we know that presidents of such associations as ours are entitled to considerable latitude in making themselves prominent as the ofiicial heads of such organi zations.
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