RECORDS OF MEETINGS. 373 



the Academy at the inauguration of Frank Johnson Goodnow, 

 LL.D., as President, May 20, 1915. 



The following report of the Council was presented : — 



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

 deaths of nine Fellows: — Abner Cheney Goodell, Francis Hum- 

 phreys Storer, Gardiner Martin Lane, Charles Sedgwick Minot, 

 Alfred Thayer Mahan, John Chipman Gray, Charles Francis 

 Adams, Frederick Winslow Taylor, Thomas Raynesford Louns- 

 bury; and of one Foreign Honorary Member: — Hugo Kronecker. 



Sixty Fellows have been elected, of which number four have 

 declined Fellowship, two have not yet accepted Fellowship. 



Twelve Foreign Honorary Members have been elected, of which 

 number, two have not yet accepted Membership. 



The roll now includes 434 Fellows and 64 Foreign Honorary 

 Members. 



The annual report of the Treasurer was read, of which the follow- 

 ing is an abstract : — 



General Fund. 



Receipts. 



Balance, April 1, 1914 .$219.10 



Investments 2,923.46 



Assessments 2,920.00 



Admissions 570.00 



Sundries 70.67 $6,703.23 



Expenditures. 



Expenses of Library $2,671.81 



Expense of House 1,578.74 



Expense of Meetings 226 . 79 



Treasurer 207.03 



Insurance 345 . 14 



General Expense of Society 400.81 



Charged to cancel premium on Bonds . 25.00 



Income transferred to principal .... 246.72 $5,702.04 



Balance, April 1, 1915 1,001.19 



$6,703.23 



