xlviii Trans. Acad. Sci. of St. Louis. 



Expenditures. 



Rent $ 49135 



Publication of Transactions 897 01 



Mailing Transactions and library expense, above sales 



of Transactions 586 66 



Sundry expenses 533 27 



Payment, account Yandell collection 295 00 



Capital reinvested, and premium 3,023 50 



Improvements to property 5,929 47 



Insurance 118 00 



Balance to 1904 563 43 



$12,437 69 



Invested Fund. 



Invested on security $6,500 00 



Less note covered by securities 1,750 00 



Net invested fund $4,750 00 



The Librarian reported that during the year exchanges had 

 been received to the number of 402 vohimes and 646 pam- 

 phlets, an increase of 54 numbers as compared with 1902 ; 

 that during the year the Transactions of the Academy were 

 distributed to 575 societies or institutions, an increase of 6 as 

 compared with the preceding year ; and that the expense of 

 his office for 1903 had amounted to $121.49, against which 

 was to be credited $27.97 received from the sale of publi- 

 cations. 



