ABSTRACT OF MINUTES OF ELEVENTH MEETING OF BOARD OF TRUSTEES. 



The meeting was held in Washington, in the Board Room of the Adminis- 

 tration Building, on Friday, December 13, 1912, and was called to order at 

 10 o'clock a. m. by the chairman, Mr. Billings. 



Upon roll-call by the secretary, the following Trustees responded: John 

 S. Billings, Robert S. Brookings, John L. Cadwalader, Cleveland H. Dodge, 

 Simon Flexner, Henry L. Higginson, Charles L. Hutchinson, Seth Low, 

 S. Weir Mitchell, Andrew J. Montague, William W. Morrow, Wm. Barclay 

 Parsons, Henry S. Pritchett, Elihu Root, Martin A. Ryerson, Charles D. 

 Walcott, Henry P. Walcott, William H. Welch, Andrew D. White, George 

 W. Wickersham, Robert S. Woodward. 



The Founder of the Institution was also present during a part of the 

 meeting. 



The minutes of the tenth meeting were approved as printed and submitted 

 to members of the Board of Trustees. 



The reports of the President, the Executive Committee, the auditor, di- 

 rectors of departments, and grantees of the Institution were presented and 

 considered. 



The following appropriations for the year 1913 were authorized: 



Administration $50,000 



Publication 60,000 



Division of Publication 10,000 



Departments of Research 806,973 



Minor Grants 104,300 



Index Medicus 12,500 



Insurance Fund 25,000 



Reserve Fund 250,000 



1,318,773 



Amendments to certain By-Laws were adopted, providing for the appoint- 

 ment of an Auditing Committee and of a Fiscal Agent of the Institution, 

 and differentiating more clearly the functions of the Executive Committee 

 from those of the Finance Committee. 



The resignation of Mr. Lyman J. Gage was presented and accepted with 

 regret. 



Mr. William H. Taf t was unanimously re-elected as a member of the Board. 



Balloting for officers of the Board for the ensuing three years resulted in 

 the re-election of Mr. Billings as chairman, Mr. Root as vice-chairman, and 

 Mr. Dodge as secretary. 



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