662 Wisconsin Academy of Sciences, Arts, and Letters. 



two have been elected life members ; two have been elected cor- 

 responding members ; five have been dropped bv request, dues 

 having been paid up to current year; two have been dropped 

 by request, dues having not been paid ; and fourteen have been 

 dropped for non-payment of dues for four consecutive years. 



This makes a total of twentv-four names removed from the 

 roll of active members, leaving a net active membership of one 

 hundred and eighty-five (185). 



Of the 185 active members there are thirty that are in ar- 

 rears for payment of dues, as follows: 



1 for 5 years $5 00 



5 for 3 years 15 00 



4 for 2 years 8 00 



19 for 1 year ' 19 00 



1 for 1/2 year '50 



30 Total $47 50 



Of the 155 membei's whose dues are paid to date, five, namely, 

 the president, secretary, acting secretary, librarian and treas- 

 urer have had their dues remitted according to the by-laws of 

 the Academy. This leaves a net total of 150 members paying 

 dues for the year 1901. One of this numl:>er paid dues for five 

 years ; one for four years ; six for three years ; thirty-four for 

 two vears, and one hundred and eiffht for one vear. 



E. B. Copeland, S. A. Hooper and E. D. Jones are at present 

 non-residents of Wisconsin and I would reconunend that they 

 be transferred to the list of corresponding members with the 

 remission of such dues as may now be unpaid. 



At the meetins: of the Academv last vear it w^js voted to trans- 

 fer $500.00 from the general to the permanent fund. The 

 bonds, in which the $1,000 permanent fund of the Academy 

 were invested, became due January 1st, 1902. These bonds had 

 been paying 5 per cent, interest, but owing to a reduction in 

 interest rates, re-investment in the same bonds would now only 

 return 4 per cent. The treasurer was instructed to reinvest in 

 bonds the $1,000, and also the $500 transferred from the gen- 

 eral to the permanent fund. 



In accordance with these instructions application was made 

 to the Clerk of the City of Madison for 15 street improvement 



