FORTY-THIRD ANNUAL REPORT. 61 



them out when they crowd. I don't sow anything close to the trees ; 

 leave it so I can run a spring tooth cultivator around the tree space, and 

 the trees have had this amount of cultivation. Three years ago when I 

 cultivated my crab trees T wen't over themi on my hands and knees three 

 times and hoed them with my fingers, and found a cut worm every time. 

 You will tind these insects worse on sandy land than on any other kind 

 of land, and crab trees will develop things you never heard of before. 

 It is true a crab tree is Avell adapted to that kind of land, and you can 

 make it gi-ow just as well and better perhaps. 1 sow seed, and ferti- 

 lizer and everything from the rear end of a wagon as near as I can 

 about twelve feet out of that twenty. That leaves strips on each side 

 to run the cultivator during the season and hoe around the trees. 



FINANCIAL REPORT. 



Report of J. Satterlee, Secretary of the Board of Trustees of the Lyon 

 Memorial Fund. 



Lansing, Mich., June 25, 1913. 



At a meeting of the Trustees of the Lvon Memorial Fund todav at 

 the residence of Secretary Satterlee in the city of Lansing, there were 

 present Chas. J. Monroe, President, Charles W. Garfield, Treasurer, and 

 James Satterlee, Secretary. Mr. Monroe presided and asked for a re- 

 port of the treasurer. 



Mr. (larfield, as treasurer, reported the following assets of the fund. 



1 Morrill Orchard Bond |1,000 00 



Worden Preferred Stock 2,000 00 



3 Greenhouse Bonds 1,500 00 



1 Detroit Gas Bond 1,000 00 



Frank Dykema Note 315 00 



1 Savannah Bond 500 00 



1 Commonwealth Power, Ry. and Light Co. Bond 500 00 



Consumei-s Power Co. Prefrd Stock 1,500 00 



Cash in Bank 117 42 



Total %8AQ2 42 



The Tiiistees carefully inspected the securities as presented and they 

 met the approval of the entire Board. 



No further business appearing the Board adjourned. 



J. SATTERLEE, 



Secretary. 



