The history of Methodism [electronic resource] . On August 1, 1855, the agents reported thenet assets to be $329,849, and in 1858 they were $358, house was, however, reported to be passing a crisis, its liabilities being $101,000, while its available resourcesamounted to only about one half of that sum. So manylarge demands were made upon the funds of the house byorder of the General Conference that the working capital wasuncomfortably reduced. The balance in favor of the BookConcern on March 1, 1862, was nearly $7,000 less than in1855. The civil war, which brought ruin to every otherma
The history of Methodism [electronic resource] . On August 1, 1855, the agents reported thenet assets to be $329,849, and in 1858 they were $358, house was, however, reported to be passing a crisis, its liabilities being $101,000, while its available resourcesamounted to only about one half of that sum. So manylarge demands were made upon the funds of the house byorder of the General Conference that the working capital wasuncomfortably reduced. The balance in favor of the BookConcern on March 1, 1862, was nearly $7,000 less than in1855. The civil war, which brought ruin to every othermaterial interest of the Methodist Episcopal Church, South,did not permit the Publishing House to escape. When FortDonelson fell into the hands of the Federal army under Gen-eral Grant, and Nashville was captured, the PublishingHouse was seized by the victorious army. They used it as a 1350 American Methodism printing office and for other purposes, exhausted all thestock, and used up the machinery When the war closed, McTyeire says, the Publish-. DRAWN BY P. E. FLINTOFF. HOMES OF THE SOUTHERN METHODIST BOOK CONCERN, NASHVILLE, upper building was occupied from 1854 to 1872 ; the lower since 1872. ing House and Missionary Society wrecks were patchedup and sent forth desperately, to sink or swim. There Improving Conditions 1351 was no capital and but little credit; no supply, muchdemand. In 1866 the Rev. A. II. Redford became book agent. Hereported, in June, 1866, that while the liabilities were aboutthe same as in 1862, the assets were $236,365 less. In 1872the buildings at Nashville were burned. The agent, whois described as being energetic and hopeful by natural dis-position, at once began to rebuild upon a more extensivescale. There came upon the country the following year, how-ever, a financial panic, and the Publishing House at Nash-ville did not fail to feel the stress which was crushing manyinstitutions possessed of larger capital and wider the Genera
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Keywords: ., bookauthorhurstjfj, bookcentury1900, bookdecade1900, bookyear1902
