h the subscription is paid. Changes are made in date on
label to the tenth of the month. If payment of subscription be made
afterward the change on the label will appear on the next number.
Please send early notice of change in post-office address, giving the
former address and the new address, in order that our periodicals and
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FORM OF A BEQUEST.

"I GIVE AND BEQUEATH the sum of ---- dollars to the 'American
Missionary Association,' incorporated by act of the Legislature of the
State of New York." The will should be attested by three witnesses.

* * * * *

THE AMERICAN MISSIONARY.

VOL. LII. JUNE, 1898. NO. 2.

* * * * *

THE FINANCIAL STATEMENT.

The outlook for the American Missionary Association while hopeful, yet
appeals most earnestly for increased contributions. The debt has been
steadily reduced. At the Annual Meeting in 1895, it was reported to be
$96,147. At the Annual Meeting in 1896 it was $66,572. At the last
Annual Meeting it was $54,945, and now at the close of eight months of
this fiscal year, May 31st, it is $39,527--a reduction from the
highest figure above of $56,620. This reduction is largely due to the
cutting down of expenditures, which has now reached a limit beyond
which no friends of these needy races would wish it to pass. For these
last eight months the total receipts show an increase of $25,800 in
legacies, and at the same time a decrease of $22,800 in collections.

In view of these facts the duty is plain. Further reductions should
not be made. The income from legacies is an uncertain quantity, and an
increase of contributions is the only hope that can be given. Better
times are coming, the responsibility to the poor of our land is
urgent, and the generous response of philanthropic and Christian
givers alone can meet the emergency.

* * * * *

SUCCESS IS COSTLY.

When the early Abolitionists entered upon their contest against
slavery, they found that they had no holiday business on hand. Some
faltered, but others grew stronger as they realized the greatness of
the conflict before them. They saw that their warfare would cost much
in reputation, money, and even life itself. They succeeded, but only
because they were willing to pay the cost.

When the next form of the conflict came--the terrible Civil War--the
cost was so great as to be w