xxxii Trans. Acad. Sci. of St. Louis. 



Bclentific activity, eflBciency in the popular presentation of the achieve- 

 ments of science, and financial solvency. If I speak of the last named 

 topic, it is to bespeak for my successor in the presidency — long-tried 

 and never found wanting in the Academy's service — the same shoulder- 

 to-shoulder co-operation with which j'ou have favored me, in order that 

 our growing needs may be met by corresponding revenue, income and 

 output being now balanced. To his initiative, if you grant him this 

 support, we may safely look for an increase in the efficiency and use- 

 fulness of an institution which enjoys greater opportunities for use- 

 fulness today than when its founders organized it over half a century 

 ago, or at any period of its always honorable and useful career. 



(Signed) William Tbelease, 



President. 



