Page 45 - To Dragma May 1930

42 To DRAGMA |
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$600 per issue for the magazine. The Central Office was installed, and
gradually the work of the business manager was to be transferred there. '
This was not accomplished until the end of my term. From that time
on the annual subscriptions and the mailing list were handled in the
Central Office, and all money was held by the Grand Treasurer, who
paid all the bills.

"At Seattle convention, 1927, I was elected Grand Treasurer and so
was given the custody of financing the magazine. During this period
our revenue increased so that we spent approximately $800 per issue,
and our circulation was rapidly increasing.

"The income for To DRAGMA has always been obtained through the
same sources: annual subscriptions, $1 until 1929 convention when they
became $2; $1 from the Grand Council dues of active members was
placed in the To DRAGMA fund to underwrite expenses. Since 1929, $2
were taken from this source; advertising; interest from the Anniversary
Endowment Fund, which is made up of all life subscriptions (upon
death of the subscriber, this subscription is placed in another fund, and
interest is allowed to accumulate). Up to the time of the Seattle con-
vention the income of To DRAGMA paid only for the printing and mail-
ing of the magazine. Other expenses incurred in operating the editor's
office, the Anniversary Endowment Fund, et cetera, were carried by the
general fraternity budget. After 1927 the magazine was budgeted so
as to be self-supporting in the whole, paying all the expenses of the
magazine, editor, and of the operation of the Anniversary Endowment
Plan. Since 1927, the editor has been paid $50 per issue for her work.
At present the magazine is self-supporting, costing approximately $1,000
per issue and having some 4,000 subscribers, 3,500 of whom are life
subscribers. The Anniversary Endowment Fund now has a principal of
about $55,000. This yields an interest of $2,500 per year and will in-
crease steadily in years to come."

Fraternally,

KATHRYN BREMER MATSON

DEAR READERS:

"I wouldn't take up space with my letter, for my experiences are
not of the past; they are weekly trips to the printers, daily telephone
calls, dozens of letters always before me to be answered—the experi-
ences of one in the act of doing instead of in the act of having done.
But I suspect that when another twenty-five years have swept past us,
and the editor of To DRAGMA decides to celebrate our golden jubilee,
she will be glad to turn to volume twenty-five and find there the com-
plete record of the first twenty-five years of its existence instead of the
first twenty-two. Hence I write for those to come; for the day when
my editorship will be history instead of the living present.

"Betty Bond went to Europe in March, 1925, and I edited the May
issue for her and went to Seattle convention in her place. She had
declined the nomination for re-election, and so I was elected editor at
that time.