person who, when the same is payable, shall act as Treasurer of the
'American Missionary Association,' of New York City, to be applied,
under the direction of the Executive Committee of the Association, to
its charitable uses and purposes." The Will should be attested by
three witnesses.

* * * * *

The American Missionary.

VOL. XLII. OCTOBER, 1888. No. 10.

American Missionary Association.

* * * * *

FINANCIAL--THE DEBT.

Our receipts for the eleven months ending August 31st show an increase
from collections of $14,452.76; a decrease in legacies of $5,195.52;
with a net increase of $9,257.24 over the corresponding months of last
year. On the other hand, the expenditures for these eleven months have
been $31,835.70 more than those of last year, and hence a debt of over
$22,000 is impending. The explanation is to be found in the fact that
an unusually large per cent. of our collections this year is in
specified gifts for special objects, and could not, therefore, be used
to meet appropriations for current work; and the added expenditures
have been absolutely required by the natural and healthful growth in
our varied industrial, school and church work in all parts of our
extended field.