Bulletin Volume 13 (Paperback)

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: Archaeological Institute of America ANNUAL REPORT OF THE DIRECTOR AND EDITOR OF ART AND ARCHAEOLOGY To the Council of the Archaeological Institute of America, Gentlemen: I beg to transmit to you an abstract of my annual report as Director and Editor of Art And Archaeology, submitted to the Board of Directors of the Art and Archaeology Press, Inc., for the fiscal year closing June 30, 1922. I. Financial Summary. As a summary, the assets of Art And Archaeology for the fiscal year closing June 30, 1922 were: Subscriptions and sales, $19,821.33; Capital Stock, $6545.68; Advertising $1552.12; Loans, $4500.00; from other sources, $513.63. Total, $32,932.94. The total cost of paper, printing, and engraving for the 12 numbers, Vol. XI, No. 5-XIII, No. 4, was $16,210.25; other magazine expenses, $3290.62; promotion and office expenses, $9022.60; repayment of Loans with interest, $1991.03; Art and Archaeology Press, $468.67; Miscellaneous, $327.63. Total, $32,932.94. The most notable feature of this summary, showing that the magazine is each year getting on a more stable financial foundation, is the increase of receipts from subscriptions from $8700 in 1919-1920 to $12,835.14 in 1920-1921, and to $19,821.33 in 1921-1922, a gain of $7000 in the past year, and of over $11,000 in two years. In 1920-1921 the excess of current expenditures ($24,255.67) over receipts ($20,922.80) was $3332.87 while in 1921-1922 the excess of expenditures (31,732.13) over receipts ($29,387.08) was $2345.07, about a $1000 less. Thus the drain on the capital stock for the running expenses of the magazine is decreasing from year to year, and at the present rate of progress Art And Archaeology should be selfsustaining in two more years, and in 1925, by excess of receipts over expenditures, begin...