Word: excessed
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...prove nothing at all concerning the actual expenses of the Harvard crew, which you place, for last year at $8,236. Of this sum, a large portion came down as an indebtedness from the year before. Then, too, the money paid out by the Boat Club, is largely in excess of its actual expenditures. To explain this, it is necessary to speak briefly of the manner of keeping the accounts of the Boat Club. For the sake of simplicity, the annual report of the treasurer is a statement of all the money handed in to, and paid by, the Boat...
...expenses for each period of three or four years, average more than for each corresponding period. What is worse, for the last few years, the crew has run in debt again. At the end of each year, the excess of liabilities over assets has grown until now the club finds itself $1,455.07 behind. It is this that we complain of. We cannot go on increasing the debt forever. Incurring a debt, except in some cases for extraordinary expenditures for permanent benefit, is willfully spending other people's money, hardly an honest proceeding. This is why we wish to have...
...gain of 64. While Yale has gone backward during the last two years, the loss being ten men, Harvard has advanced rapidly in every department and shown a gain of over one hundred and fifty, the Harvard students to0day being exactly 500 in excess of those of Yale...
...Excess of liabilities over assets...
...date at which the books were balanced. However, some outstanding bills may be presented later, as was the case last year. The price of the shell from Waters, $410.50, and a bill of $77 for tools stolen from the boat house, both add unusually to the excess of liabilities over assets. The excess is consequently greater than that of last year. Another reason for this is the fact that the Hasty Pudding Club gave a smaller sum to the boat club, than that given the year before, and that the PI Eta theatricals, which last year yielded $278, were...