xl Trans. Acad. Sci. of St. Louis. 



St. Louis! A brilliant illustration of what can be done by individual effort 

 has been given us during the year that has just closed, during which Mrs. 

 William Bouton has, almost unaided, raised the funds with which to pur- 

 chase and has given to the Academy one of the best and most beautiful 

 collections of butterflies in the world. 



With such an example before us, is it too much to hope that our fiftieth 

 anniversary may be celebrated in a home where amid suitable surrouudings 

 our meetings can be held, our library be made accessible and our collections 

 be safely housed? Od such a foundation the future of the Academy will be 

 secure as a rallying-point for workers in science and a center for the diffu- 

 sion of knowledge. 



The Treasurer reported as follows : — 



RECEIPTS. 



Balance from 1900 $ 450 26 



Interested on invested money 285 00 



Membership dues 1,483 00 



$2,218 26 



EXPENDITURES. 



Rent $ 500 00 



Current expenses 430 66 



Publication of Transactions 582 35 



Insurance of property ($10,000 00) 150 00 



Balance to 1902 555 25 



$2,218 26 



INVESTED FUND. 



Invested on security $6,500.00 



The Librarian reported that during 1901 exchanges had been 

 received from 287 societies, of which 6 were new. In all, 

 540 volumes and 481 pamphlets were reported as having been 

 added to the library, an increase of 173 as compared with the 

 preceding year. It was reported that during the }^ear the 

 Transactions of the Academy had been distributed to 561 

 societies or institutions, chiefly by way of exchange. 



