10 



MARINE BIOLOGICAL LABORATORY. 



The total earnings of the laboratory as compared 

 with its expenses are fjiven herewith. ( ' Earnings ' 

 include all sources of income save donations only ; 

 'expenses' include all disbursements save those for 

 land, buildings and permanent equipment.) 



Total Donations 137,730. 



Earnings $47,919. 



Expenses $50,759. 



It appears from this statement that the 

 income of the Laboratory, like that of 

 scientific and educational institutions in 

 general, is scarcely sufficient to meet the 

 running expenses, and that it must look to 

 the donations of interested friends for as- 

 sistance in meeting a small annual deficit 

 and for all permanent equipment and en- 

 largement. This is a fact which requires 

 no apolog3'; the Laboratory is not a com- 

 mercial enterprise but a charitable institu- 

 tion, in the same sense that colleges and 

 universities are such. It is not the pur- 

 pose of the Laboratory to make money, 

 but rather to contribute as much as possible 

 to the advancement of science, and in this 

 respect it has fulfilled the highest hopes of 

 all its friends. There is every reason to 

 be proud of the fact that it has accom- 

 plished so great a work on so small a finan- 

 cial basis, and that it is at present so nearly 

 self-supporting as it is. 



The Trustees at their meeting in New 

 Haven, December 29th last, resolved that 

 for the best interests of the Laboratory the 

 out-standing debt of $8,176, should be paid 

 off at once and that a small cash balance 



should be left in the hands of the Treas- 

 urer. They, therefore, appeal to the friends 

 of the Laboratory to contribute $10,000 to 

 this end. Subscriptions may be sent to the 

 Treasurer, D. Blakely Hoar, 220 Devon- 

 shire Street, Boston, or to anj' member of 

 the Board of Trustees. 



The time has come also when to give the 

 Laboratory the stable and permanent char- 

 acter which it deserves it should be liber- 

 ally endowed. Where could a better in- 

 vestment be made than in a scientific and 

 educational institution with such a his- 

 tory behind it and such excellent prospects 

 before? The Laboratory and the ideals for 

 which it stands must not be allowed to suf- 

 fer for lack of support ; it must not remain 

 standing where it is, for although its suc- 

 cess has been remarkable, it is only the be- 

 ginning of what it should and could do, if 

 properly supported. The aim of those who 

 are interested in its welfare is to create a 

 permanent station with adequate endow- 

 ment and equipment which shall be in the 

 future yet more than in the past ' a na- 

 tional center of research in every depart- 

 ment of Biology. ' 



For this end its friends labor and wait, 

 hoping that the time is not far distant when 

 generous friends of science and education 

 will see its needs and its opportunities and 

 will not be slow in their response. 



e. g. conklin. 



Univkrsiiy of Pennsylvania. 



