Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 5 · column 2 of 4 · from the scan, no model involved

DISBURSEMENTS
Losses paid for fires--$1,451.00 Secretary and Treasurer Salary_ 1,650.00 Directors’ Fee_ 355.30 Appraisers’ Fee_*_;_ 128.00 Printing and Stationery__ 27.80 Postage - 10.00 Donations to Fire Company__ 200.00 Miscellaneous Expenses _ 241.65
TOTAL _$4,{>63.75
68.9%