THE REPORT OF THE DIRECTORS. 2$ 



We rejoice that as President of the Corporation your continued par- 

 ticipation in the guidance of our enterprise is assured to us. You have 

 known how to achieve efficiency without arousing antagonism, and you 

 have won the sincere respect and friendship of every memher of the 

 Laboratory. All the Trustees join in sending you cordial greetings 

 and best wishes for the future, together with the assurance of their 

 warm personal regard. 



(Signed) H. S. JKNNIXCS. 

 T. H. MORGAN. 

 EDM. B. WILSON, 

 Chairman, 



To which the following reply was made. 



August 25, 1926. 

 DR. E. B. WILSON, 



Marine Biological Laboratory, 

 Woods Hole, Massachusetts. 



My dear Dr. Il'rtson: I am very much touched by the message that 

 your committee has conveyed to me on behalf of the Board of Trustees 

 on the occasion of my retirement as Director of the Marine Biological 

 Laboratory. The development of the Laboratory during the period of 

 my Directorship has been due to the union of many fortunate circum- 

 stances, chief among which I rank the loyal devotion of Trustees who 

 lent their greater experience and reputation to the efforts of the Di- 

 rector in a spirit of perfect cooperation. Add to this the unsparing 

 generosity of the past President of the Board, the untiring efficiency 

 of the Assistant Director, and the experience combined with loyalty of 

 our technical staff and a combination is effected that could not be 

 defeated. Patience and faith were the only other necessary factors. 



I have no fear for the future so long as the Woods Hole spirit sur- 

 vives, and I am proud and happy in my succession to the Presidency of 

 the Corporation and in the assurance of the continued fellowship of 

 the " old guard." 



Faithfully yours, 



FRANK R. LILLIE. 



There are included as parts of this report the following addenda : 



1. The Staff, 1926. 



2. Investigators and Students, 1926. 



3. A Tabular View of Attendance, 1922-1926. 



