Institute activities: Our financial problem: A message from the president

The financial chart mailed to members with bills for annual dues could not have been surprising to the overwhelming majority of the membership. It has been no secret that for the past two years the Institute, like many other organizations, has been plagued with inflationary trends. The Institute´s monthly income and expense curves crossed late in 1946 and since that time, despite careful expense control, the Institute has been operating at a deficit.