Date: Fri, 17 Sep 2004 11:06:55 -0400
From: "Michael Walsh" <MJW at press.jhu.edu>
To: <leeandalexiS at hotmail.com>, <Prather at netzero.net>, <WSFAlist at WSFA.org>
Subject: [WSFA] Re: Please send any replies to me directly.
Reply-To: WSFA members <WSFAlist at WSFA.org>

>
>>>> Prather at netzero.net 9/17/04 10:56:42 AM >>>
>Keith, You're welcome to publish this.
>
>ONE OPINION
>
>Given the period of austerity that WSFA has just gone through
>I do not feel
>that WSFA should be spending 10 grand on a book venture
>until we have set
>aside a nest egg at least equal to 5 years' operating expense
>(including
>meetings and insurance) plus the maximum potential loss from
>at least one
>Capclave.
>
>Could someone with access to the proper financial figures
>calculate what
>this amount should be?
>
>Could we please set aside such a nest egg?
>
>I assume the recent windfall is a one time only event.
>
>I feel a bit uncomfortable with asking WSFAn's, who may be
>in tight,
>personal, financial straits, to contribute to WSFA at every
>meeting if the
>money isn't really needed anymore.
>
>Rebecca Prather
>phone 703-534-2274

The cost of ther book will be recooped by sales of the book.  1000
copies at, say $15.00, will gross $15,000.

The authors that Ernest has lined up, and the list has been published
in the Journal, will get the book attention and sales.

Granted the income will take some time, maybe a year or so, to realize.
 At the same time the money spent will be spent over a period of time.

mjw
>