492 PROCEEDINGS OF THE AMERICAN ACADEMY. 



Professor Frank W. Taussig. "The Economic Revolution now 

 in Process." 



The Meeting was then dissolved. 



One thousand and ninety-second Meeting. 



May 12, 1920.— Annual Meeting. 



The Academy met at its House. 



The President in the Chair. 



Thirty-six Fellows and one guest were present. 



The Transactions of the last Meeting were read and approved. 



The following report of the Council was presented : — 



Since the last report of the Council, there have been reported 

 the deaths of sixteen Fellows : William Brewster, Franklin Carter, 

 A. McF. Davis, W. G. Davis, W. G. Farlow, F. B. Gummere, H. L. 

 Higginson, Abraham Jacobi, W. R. Livermore, R. C. Maclaurin, 

 Sir William Osier, L. V. Pirsson, E. E. Southard, F. P. Stearns, 

 T. F. Waters, C. H. Williams; and three Foreign Honorary Mem- 

 bers: Emil Fischer, M. G. Retzius, J. W. Strutt, Baron Rayleigh. 



Twenty-five Fellows and nine Foreign Honorary Members were 

 elected by the Council and announced to the Academy in May, 

 1919, of which number, one has declined Fellowship. Two Fel- 

 lows have resigned. 



The roll now includes 521 Fellows and 68 Foreign Honorary 

 Members (not including those elected in April 1920). 



The annual report of the Treasm-er, Henry H. Edes, was read, 

 of which the following is an abstract: — 



General Fund. 



Receipts. 



Balance, April 1, 1919 $8,360.34 



Investments 4,037.24 



Assessments 3,520.00 



Admissions 120.00 



Sundries 206.20 $16,243.78 



