he "address label," indicates the
time to which the subscription is paid. Changes are made in date on
label to the 10th of each month. If payment of subscription be made
afterward, the change on the label will appear a month later. Please
send early notice of change in post-office address, giving the former
address and the new address, in order that our periodicals and
occasional papers may be correctly mailed.

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. XLVIII. JULY, 1894. NO. 7.

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American Missionary Association.

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FINANCIAL.

In some respects our report is favorable. Our receipts for the eight
months ending May 31st are $18,487.18 more than for the same period
last year. If the Association had received funds from the Government
this year for the eight months, $10,127.95, the receipts would have
been 28,615.13 more than last year. The payments for the eight months
have been $11,315.16 less than last year. With this showing the debt
of the current year to May 31st is $19,419.98 as over against
$49,222.32 to May 31st of last year, but as this debt of the current
year is to be added to the $45,028.11 due at the close of the year
September 30th, 1893, it makes the total debt May 31, $64,448.09.
Those who have read the statements made in the MISSIONARY will recall
that in the month of March our debt was reduced $10,718.47, and in
April $4,847.40, but the fear was then expressed, which has since been
realized, that these reductions might not continue. The month of May
shows an increase of the debt, bringing it now to $64,448.09. We
appeal most earnestly to the friends of the Association to stay the
progress of this debt.

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SCHOOL ANNIVERSARIES.

We begin in this issue of the MISSIONARY to print the reports of the
anniversary exercises of our schools. They will occupy largely this
number and the next, and will appear somewhat in the order of time in
which the schools closed. When the whole are published, they will make
an impression of the vastness, variety and usefulness of the work. It
will show institutions of higher g