Volume one records the organization of the board on October 1 1931. Some of the business issues included hiring of employees, providing job descriptions for these positions, deciding who will print the Sagamore, marketing, concerns about news coverage, and deciding the relationship of the production of the Sagamore to journalism education. Tucked inside the ledger are several loose-leaf reports of subcommittees, an itemized account of money spent on the Capaha Arrow on May 14 1935, and other financial items.