FINANCIAL STATEMENT
August 1, 1919 to August 1, 1926.
Conclusion of Seven Years of San Antonio’s Service as National Ileadquaiicis..
receipts
San Antonio:	S19.S12.24
Mpmnprshin?	      -	'__-	„~
^Personal Contribution of Harral Ayres				53,200.00 # 72,712.24 	 23,156.12
Louisiana Memberships (including New Orleans convention subscriptions of #2,561.45)		 10,075.95
		 3,305.00
Ail" ‘ \ \ • ^				 6,501.45
	360.00
ur 11^ T?1 P . O rx'		 250.00
						 417.41
Advertising receipts for service maps and travelogs		6,712.98
55123,491.15
DISBURSEMENTS
*Paid to Managing Director on salary account since August 1, 1919---------------------------------   #	8,050,00
*Salary contributed by the Managing Director________________________________________________________   53,200.00
Office and field employees’ salaries and expense. (Includ cs office expenses, rent, furniture, field expenses and route marking) ____________________________________________________________________________ 37,304.89
General expenses. (Includes traveling of executive offici als and miscellaneous general items)-------- 11,674.50
Printing and Publicity________________________________________________________________________________  7,106.73
Conventions and sundry activities____________________________________________________________________   6,041.70
Cash balance August 1, 1926____________________________________________________________________________   113.33
#123,491.15
♦Because o£ lack of Income and the needs of the project the salary as shown above has boon contributed by the Managing Director in the interest of the work. I-Iarral Ayres was reques ted by the San Antonio Chamber of Commerce in August 1919 to undertake the development of a national highway from Florida to California after an interstate conference at Houston where San Antonio was asked to assume the national leadership. He has given his full time since then. It was agreed his salary should be the same as the manager of the San Antonio Chamber of Commerce for the responsibilities are as important. A report of the seven years work just published in the Year Bo ok shows how much has been accomplished.
■ A statement of the Lincoln Highway, a project of the same age and importance as the Old Spanish Trail, shows they have .spent §G00,000 for administration and have raised §410,000 add itioual as aid to construction in poor sections.
NATIONAL HEADQUARTERS EXECUTIVE BOARD
President
KENNETH WIMER, Chairman, Wimer-Richardson & Co., Investment Bankers.
LEON N. WALTHALL, Treasurer, President Walthall Music Company.
I-IARRAL AYRE§, Managing Director,
Old Spanish Trail Association.
WERNER N. BECKMANN, Counsel,
Birkhead, Lang & Beckmann, Attorneys.