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Marriot Hotel Overland Park, Kansas August 12 - Sons of Union ...

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Encampment<br />

(laughter, chatter, and applause)<br />

Leo F. Kennedy, Commander-in-Chief<br />

Thank you.<br />

Leo F. Kennedy, Commander-in-Chief<br />

Okay, all in favor, cards please? Opposed?<br />

[one rap *]<br />

Leo F. Kennedy, Commander-in-Chief<br />

Motion passes. Thank you.<br />

Leo F. Kennedy, Commander-in-Chief<br />

Yeah, I got it. Are there any other suggested changes to<br />

the budget as presented?<br />

Charles S. Reeves, Department <strong>of</strong> Ohio<br />

Commander, my name is Chuck Reeves Commander, Department <strong>of</strong><br />

Ohio. Question for the Treasurer. On your original page on the<br />

income from the General Fund, I notice that Banner advertising<br />

it‘s zero. Is that because The Banner cannot accept paid<br />

advertising?<br />

Richard L. Orr, National Treasurer<br />

Yes.<br />

Leo F. Kennedy, Commander-in-Chief<br />

It is.<br />

Department <strong>of</strong> Ohio, Charles S. Reeves<br />

Thank you.<br />

Richard L. Orr, National Treasurer<br />

Brothers we do, The Banner cannot, we cannot except paid<br />

advertising for one simple reason. Well two reasons really. If<br />

we accepted as payment, we then have to declare it as unrelated<br />

business income and that means we have to pay income taxes on<br />

it, which pretty much would negate any money we receive from the<br />

advertising. And it changes the rate at which we can send The<br />

Banner. We can‘t send it at a non-pr<strong>of</strong>it rate. So what we‘ve<br />

done with the Printer it is, Steve?<br />

Stephen A. Michaels, National Editor <strong>of</strong> The Banner<br />

Yes.<br />

Richard L. Orr, National Treasurer<br />

The advertising fees are paid directly to the printer. He<br />

sells the advertising and he reduces our cost accordingly. So<br />

we still benefit from it, but we don‘t have the hassle <strong>of</strong> one,<br />

having to send things at commercial rate for postage. So it<br />

saves us several thousand dollars a year in postage. And we<br />

don‘t need to pay income taxes on it.<br />

Leo F. Kennedy, Commander-in-Chief<br />

Brother?<br />

Page 268 <strong>of</strong> 527

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