Word: netted
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...Net debt...
...last item credited as net debt is provided for by unpaid subscriptions to the amount of $1,347.50, as shown by the Treasurer's list; thus showing a balance of assets over all present liabilities of $963.05, which amount properly should stand to-day as cash in the Treasurer's hands. The probable expense for the coming race with Yale may be put down as $1,500, which should cover all the cost of boats, training, &c., for the crew themselves show a determination to the strictest economy. To meet this outlay of some $600 we have the promise...
...wove a net of threads, from canvas drawn...