The assets of the Journal at the time of the last stockholders'
meeting (January 28) included the following:

Subscriptions in arrears .................$4,968
Sales accounts ........................... 45
Advertising accounts ..................... 460
Legacy of Miss Caroline F. Hollis......... 3,000
Legacy of Mrs. Mary E.C. Orne............. 4,000
Legacy of Mrs. Hollingsworth ............. 1,000
______
$13,473

The amount to be raised, therefore, to meet the indebtedness of the
three years and three months from October 1, 1912, to January 1, 1916,
is $6,027.

From these figures it will be seen that we have to count upon
collecting nearly $5,000 in subscriptions in arrears, upon legacies to
be paid within the year, to meet the expenses of furnishing a paper to
the cause, and that even then we must have over $5,000 additional to
be out of debt for 1915.

[Illustration:
Alice Stone Blackwell
Editor of the Woman's Journal]

While the Journal has always had a few gifts each year and an
occasional legacy, both gifts and legacies have, in their very
nature, been uncertain quantities and not to be relied upon. It has,