The expenditures feu the year were $11 .27 in excess of the receipts, the 

 balance being carried into the next year's account. 



Our foreign exchanges have been transmitted, both ways, as heretofore 

 (almost entirely), through the Smithsonian Institution and its foreign 

 agencies, without other expense to us than the cost of transportation be- 

 tween Washington and St. Louis. The Academy is under great obligations 

 to the Smithsonian Institution for this gratuitous and very important 

 service. Without it our system of exchanges would be scarcely possible 

 with our present means. 



The Treasurer submitted his Annual Report, which was refer- 

 red to auditors, and, being' found correct, was accepted. The 

 whole expenditure during the year was $1 138.24, and the balance 

 in the treasury was $350.26. A year ago there was a balance of 

 $639.50, and $849 had been collected. The printing of the Trans- 

 actions had cost $957.44. The Treasurer had been allowed ten 

 per cent, for collecting, and had defrayed the expenses of the 

 office. There was $500 yet to be collected. 



Mr. J. R. Gage, Assistant State Geologist, of the Missouri Sur- 

 vey, exhibited an interesting collection of pottery, arrow heads, 

 and other relics from an ancient Indian mound in Issaquena Co., 

 in the State of Mississippi, upon which he made some extended 

 remarks, which, at the request of the Academy, he intends em- 

 bodying in a paper to be published in the Transactions. 



The President, on retiring from the chair, delivered his Annual 

 Address as follows : 



Gentlemen of the Academy of Science : — On this occasion, the 

 first meeting in the eighteenth year of your chartered existence, I have the 

 honor to congratulate you upon the improved character of your status as an 

 academy of science. During the year last closed you have been able to re- 

 commence the publications of the Transactions of the Academy which had 

 been suspended since the year 1S68. Two hundred and ninety-five copies 

 of the first part of vol. iii. have been sent to exchanges. For the most part, 

 our Library is filled with valuable scientific works sent to this Academy from 

 the numerous kindred societies at home and abroad that are recorded on 

 our exchange list. From this source we have received the past year an 

 aggregate of 600 volumes and numbers of scientific periodicals. The im- 

 portance of sustaining the prestige of the Academy by a frequent publica- 

 tion of its transactions will be readily understood and appreciated. The 

 resolution of the Academy to publish its proceedings as often as a sheet 

 of sixteen pages is in readiness for the printer will be carried into 

 effect, and the flourishing state of your finances gives assurance that in 

 the future you will be able to meet the expense necessary for this purpose. 



