FINANCIAL STATEMENT
August 1, 1919 to August 1, 1926.
Conclusion of Seven Years of San Antonio’s Service as National Headquarters. RECEIPTS
San Antonio:
Memberships ___________________________________________________________    $19,512.24
^'Personal Contribution of Harral Ayres		.. 53,200.00 $ 72,712.24 23,156.12
	10,075.95
		 3*305.00
	6,501.45
	*360.00
	250.00
			 417.41
Advertising receipts for service maps and travelogs	 			 6,712.98
$123,491.15
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. (Includes office expenses, rent, furniture, field expenses and route marking)___________________________________________________________________________   37,304.89
General expenses. (Includes traveling of executive officials 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 of lack of income and tire needs of the project the salary as shown above has been contributed by the Managing Director in the interest of the work. Harral Ayres was requested by the San Antonio Chamber of Commerce in August 1019 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 he 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 Fear Book 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 $000,000 for administration and have raised §410,000 add itional as aid to construction in poor sections.
national headquarters executive board
KENNETH WIMER, Chairman,
President Wimcr-Richardson & Co., Investment Bankers.
LEON N. WALTHALL, Treasurer,
President Walthall Music Company.
IIARRAL AYRES, Managing Director,
Old Spanish Trail Association.
WERNER N. BECKMANN, Counsel,
Birkhead, Lang & Beckmann, Attorneys.