Report of the Jewish Publication Society of America (1935-1936)
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REPORT OF THE FORTY-SEVENTH YEAR OF THE JEWISH PUBLICATION SOCIETY OF AMERICA 1934-1935 THE JEWISH PUBLICATION SOCIETY OF AMERICA OFFICERS PRESIDENT J. SOLIS-COHEN, JR., Philadelphia VICE-PRESIDENT The Hon. HORACE STERN, Philadelphia TREASURER HOWARD A. WOLF, Philadelphia SECRETARY JULIUS GRODINSKY, Philadelphia EDITOR DR. ISAAC HUSIK, Philadelphia TRUSTEES MARCUS AARON3 Pittsburgh DR. CYRUS ADLER3 Philadelphia PHILIP AMRAM3 Philadelphia EDWARD BAKER1 Cleveland HART BLUMENTHAL2 Philadelphia BERNARD L. FRANKEL2 Philadelphia LIONEL FRIEDMANN3 Philadelphia REV. DR. NATHAN KRASS1 New York City S. CHAS. LAMPORT1 New York City Louis E. LEVINTHAL3 Philadelphia HOWARD S. LEVY1 Philadelphia HON. WM. M. LEWIS3 Philadelphia REV. DR. LOUIS L. MANN1 Chicago SIMON MILLER3 Philadelphia CARL H. PFORZHEIMER1 New York City DR. A. S. W. ROSENBACH2 New York City FRANK J. RUBENSTEIN2 Baltimore DR. FRANK I. SCHECHTER1 New York City RABBI ABBA HILLEL SILVER2 Cleveland J. SOLIS-COHEN, JR.3 Philadelphia 1. Terms expire in 1936. 2. Terms expire in 1937. 3. Terms expire in 1938. 465 466 AMERICAN JEWISH YEAR MEIER STEINBRINK2 Brooklyn HON. HORACE STERN' Philadelphia A. LEO WEIU Pittsburgh EDWIN WOLF, 2DJ Philadelphia HOWARD A. WOLF* Philadelphia RALPH WOLF2 New York City HONORARY VICE-PRESIDENTS ISAAC W. BERNHEIM3 Denver DR. HENRY COHEN1 Galveston HON. ABRAM I. ELKUS3 New York City S. W. JACOBS1 Montreal Louis E. KIRSTEIN1 Boston HON. JULIAN W. MACK1 New York City HON. SIMON W. ROSENDALE2 Albany MURRAY SEASONGOOD3 Cincinnati HON. M. C. SLOSS3 San Francisco REV. DR. JOSEPH STOLZ3 Chicago PUBLICATION COMMITTEE DR. CYRUS ADLER Philadelphia DR. SOLOMON SOLIS-COHEN Philadelphia REV. DR. H. W. ETTELSON Memphis BERNARD L. FRANKEL Philadelphia FELIX N. GERSON Philadelphia DR. SOLOMON GRAYZEL Philadelphia DR. ISAAC HUSIK Feasterville RABBI MAX D. KLEIN Philadelphia MR. LOUIS E. LEVINTHAL Philadelphia DR. ALEXANDER MARX New York City SIMON MILLER Philadelphia DR. JULIAN MORGENSTERN Cincinnati REV. DR. DAVID PHILIPSON Cincinnati DR. JOSEPH REIDER Philadelphia DR. A. S. W. ROSENBACH New York City DR. FRANK I. SCHECHTER New York City DR. SAMUEL SCHULMAN New York City J. SOLIS-COHEN, JR Philadelphia DR. SIDNEY S. TEDESCHE Brooklyn JEWISH CLASSICS COMMITTEE DR. CYRUS ADLER, Chairman Philadelphia DR. SOLOMON SOLIS-COHEN Philadelphia DR. ISRAEL DAVIDSON New York City DR. LOUIS GINZBERG New York City DR. JACOB Z. LAUTERBACH Cincinnati DR. ALEXANDER MARX New York City REV. DR. DAVID PHILIPSON Cincinnati REV. DR. SAMUEL SCHULMAN New York City 1. Terms expire in 1936. 2. Terms expire in 1937. 3. Terms expire in 1938. JEWISH PUBLICATION SOCIETY 467 TREASURER'S REPORT COMBINED BALANCE SHEET JANUARY 1, 1935 A ssets Current Assets Cash $ 3,362.21 Accounts Receivable United Synagogue of America $7,399.02 Other Accounts 8,861.34 16,260.36 Inventories Publications and Work in Process $14,450.14 Classic Fund Publications 3742.90 — 15,193.04 Total Current Assets $34,815.61 Investments 37,370.17 Plant, Equipment, Dies, Plates and Furniture.. 2.00 Prepaid Insurance 29.07 Total Assets $72,216.85 Liabilities Accounts Payable $ 2,225.49 Customers' Deposits 2,051.87 Fund Accounts 51,627.75 Surplus 16,311.74 $72,216.85 SUMMARIZED COMBINED INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 1934 COMPARED WITH THE YEAR ENDING DECEMBER 31, 1933 ESTIMATED BUDGET Revenues: 1933 1934 1935 Dues $18,056.78 $17,901.02 $19,000.00 Donations 1,315.37 307.06 100.00 Sales—Hebrew Press 22,410.79 8,264.98 21,500.00 Sales—Jewish Publication Society 12,133.86 15,194.79 15,000.00 Interest 625.12 577.63 500.00 $54,541.92 $42,245.48 $56,100.00 468 AMERICAN JEWISH YEAR BOOK Expenses $45,503.36 $50,479.02 $53,796.05 Net Income for 1933 9,038.56 8,233.54 $54,541.92 $42,245.48 The reduction in net income for 1934 as compared with 1933 amounts to $17,272.10. This may be explained as follows: 1. Loss in donations Approx. $ 1,000.00 2. Increased cost of books for distribution to members 1,100.00 3. One 1933 book (at $2,800.) charged against 1934 operation " 5,600.00 4. An upward revaluation in basis of inventory for 1933, which did not occur in 1934 " 4,300.00 5. Cost of reprints, History of the Jewish People3 and Outlines of Jewish History " ^700.00 6. Increased cost due to N. R. A. Codes " 1,000.00 7. Decrease in operating profit of Hebrew Press.. " 3,000.00 Total $16,700.00 This total satisfactorily accounts for practically the whole difference in Net Income between 1933 and 1934. A liberal budget for 1935 is believed by the Treasurer to be necessary in an attempt to rebuild the membership and perpetuate the Society. This financial liberality, however, must be coupled with a corresponding policy in the selection of more popular books and authors. Respectfully submitted, HOWARD A. WOLF, Treasurer THE ANNUAL MEETING OF THE JEWISH PUBLICATION SOCIETY OF AMERICA The Forty-seventh Annual Meeting of the Jewish Publi- cation Society of America was held on Sunday, March 31, 1935, at Dropsie College, Broad and York Streets, Philadelphia. The meeting was called to order by the President at 8.30 P. M. The motion was made and carried to dispense with read- ing of the minutes of the previous annual meeting. The Chairman appointed Judge Wm. M. Lewis, Chairman of the Committee on Nominations. The financial report was distributed. The Committee on Nominations reported the following nominations: President: MR. J. SOLIS-COHEN, JR. Vice-President: MR. ADOLPH S. OCHS Second Vice-President: HON. HORACE STERN TRUSTEES MR. MARCUS AARON MR. LOUIS E. LEVINTHAL DR. CYRUS ADLER HON. WM. M. LEWIS MR. PHILIP AMRAM MR. J. SOLIS-COHEN, JR. MR. LIONEL FRIEDMANN MR. A. LEO WEIL MR. HOWARD A. WOLF Upon motion, the nominations were closed. Upon motion made, seconded and carried, the Secretary was instructed to cast one unanimous ballot for the nominees. The President declared the following elected to serve until their successors be duly chosen: President: MR. J. SOLIS-COHEN, JR. Vice-President: MR. ADOLPH S. OCHS Second Vice-President: HON. HORACE STERN 469 470 AMERICAN JEWISH YEAR BOOK TRUSTEES MR. MARCUS AARON MR. LOUIS E. LEVINTHAL DR. CYRUS ADLER HON. WM. M. LEWIS MR. PHILIP AMRAM MR. J. SOLIS-COHEN, JR. MR. LIONEL FRIEDMANN MR. A. LEO WEIL MR. HOWARD A. WOLF ANNUAL REPORT OF THE PRESIDENT The President then read the following report: The year 1934 was a most interesting one for the officers and trustees of your Society. Since the last annual meeting an intensive study has been made of our various sources of income—membership, sale of books and the Hebrew Press. As a result, a rather definite program has been carefully formulated which, we hope, will result in a real expansion of our work with greater influence in American Jewish life. Since my last report, we issued for distribution to members three books—Life of Menasseh ben Israel, the Year Book for 1934r-1935, and the Decay of Czarism. These books were presented in an attractive format, jackets were placed on two of them, and a very necessary index of material in previous volumes was included in the current Year Book. The Hebrew Press, an important activity of the Society, which to my surprise I find is little known throughout our membership, manufactured some very worth-while books since our last meeting, and at present is busier than it has been for years. As you may recall, the Press was established in 1920 through generous gifts from the late Jacob H. Schiff, Louis Marshall and others, when it was found that the volumes comprising the Schiff Classics could not be manu- factured in this country as there was no press which could set up the type. Operating in a small unit at 6th and Cherry Streets since its establishment, it has set up not only all the type for the Classics Series—some 16 volumes —but has also been doing considerable composition for students, scholars, universities and cultural societies who otherwise would have to send their work to Europe with the attendant delays in reading and correcting proof. JEWISH PUBLICATION SOCIETY 471 The work of the Press is varied and, in addition to occa- sional keyboarding in English, includes composition in Hebrew, Syriac, Greek, Arabic, Latin, Spanish, German, French—9 languages in all. The list of Press customers is impressive and includes the American Philosophical Society, the American Academy for Jewish Research, Harvard Uni- versity, Yale University, The Jewish Theological Seminary, Hebrew Union College, The Jewish Quarterly Review, Journal of Biblical Literature, and many others. The 4-volume Thesaurus of Medieval Hebrew Poetry, by Professor Israel Davidson, an extremely important work in the field of Jewish bibliographical literature, was manufac- tured by our Press, and at present among our jobs are Texts and Studies in Jewish History, volume 2, by Prof. Jacob L. Mann; a new Sephardic Daily Prayer Book, edited by Dr. D. deSola Pool of New York; the George Alexander Kohut Memorial Volume; and an important educational book sponsored by the Bureau of Jewish Education of New York. This volume will be used in the public high schools in New York City. Our Hebrew Press also took charge of the manufacture of the recently issued History of the Baron de Hirsch Fund, and has just received a contract for a History of the National Farm School, written by Mr. Herbert D. Allman. During the past year, other publi- cations of the Press included the Poems of Moses ibn Ezra and the Mekilta, volume 3, both for the Classics Series. Unfortunately, Mr. Schiff's gift of $50,000 for the Classics Fund has been exhausted upon these publications, but we hope that the Classics Committee will be able to secure some additional funds so that the remaining volumes of the Series may be published.