THE DIRECTOR S REPORT. 15 



period. The figures show how much the Laboratory stands in 

 constant need of the cooperation of all of its members in avoiding 

 unnecessary requisitions for expenditures, and in securing support 

 from their institutions. Another way in which members of the 

 Laboratory can aid is by patronizing the Supply Department 

 and the General Biological Supply House for their laboratory 

 supplies as much as possible. 



During the current year the Laboratory was able to pay off 

 half of its current indebtedness, or $5000. The amount came 

 partly from earnings and partly from the General Biological 

 Supply House in which the Laboratory is a majority stockholder; 

 this corporation has now become firmly established and was 

 able to pay up all of its back dividends. 



The Treasurer of the Laboratory for over twenty-three years, 

 Mr. D. Blakely Hoar died on March 8, 1923. An appreciation 

 of his services is given elsewhere in this report, but the Director 

 may be permitted in this place to give his personal testimony to 

 the high-minded, courteous, efficient and friendly way in which 

 Mr. Hoar for so many years served the Laboratory; the reponsi- 

 bility was always carried with constant and genuine devotion 

 to our interests. After the death of Mr. Hoar, Mr. William H. 

 Dunbar, senior partner of the firm with which Mr. Hoar has 

 been so long connected, consented to accept the office of Treasurer 

 pending the completion of our campaign for building and endow- 

 ment funds. This generous action was of the greatest service 

 to the Laboratory in a real emergency, and cannot be appraised 

 too highly. On the completion of the campaign, Mr. Dunbar 

 resigned, and Mr. Lawrason Riggs, Jr., of New York City was 

 elected Treasurer by the Board of Trustees at their special 

 meeting January 7, 1924. Mr. Riggs' knowledge of affairs and 

 his long acquaintance with the Laboratory and many of its 

 members qualify him in a preeminent way to administer the 

 increased responsibilities of the Treasurer's office. The Lab- 

 oratory is deeply indebted to him for his consent to serve. 



4. The Gansett Property. The sale of lots in the Gansett tract 

 proceeded rapidly in 1923. By the end of the year the amounts 

 due on sales were sufficient to pay off the remaining mortgage 

 indebtedness amounting to $8,182.01, and to complete the 

 grading of the roads, There remained then unsold eleven lots, 



