Record. cxxv 



The most important event in the history of the past year was the celebra- 

 tion of the flfcieth aaaiversary of the birth of our Academy, which we cele- 

 brated in a manner befltting the occasion. The banquet with its feast of 

 reason which had been so admirably arranged by your Committee, consist- 

 ing of Professor Nipher, Dr. Spiegelhalter aad Professor Trelease was of 

 so elevating and enjoyable a character that no one whose privilege it was to 

 be present will ever forget it. The memorial number of our Transactions, 

 while giving a full and exact presentation of all that occurred at this mem- 

 orable occasion, cannot replace what they have missed to those members 

 of the Academy who for some reason were absent. Ninety-one guests 

 graced the table and one hundred and fifty-seven sister societies from 

 the world over had sent their greetings and a respectable number of them 

 were represented by delegates. The Academy may well feel happy and 

 proud of these signs ef recognition of its work. May it, when another fifty 

 years have gone by, have evermore and more succeeded in realizing the high 

 ideals which the men had in view who founded this institution. 



It will be my pleasant duty this evening to hand over the presidency of the 

 Academy to other and worthier hands. But, before doing so, I wish to 

 again thank the other oflBcers of the Academy for their attention and zeal in 

 managing its affairs and to express my deeply felt appreciation for the high 

 honor which in your kindness you conferred upon me by eliecting me your 

 president. 



The Treasurer presented his report for the year 1906, 

 showing the following recapitulation of accounts : — 



RECEIPTS. 



To Balance Jan. 1, 1906 $ 239 30 



Collection of dues 1)262 50 



Bents 695 00 



Interest on investment 117 64 



Mortgage 3,500 GO 



Certificate of deposit 1,000 GO 



Donations 550 00 



Semi-Centennial collection 816 00 



Sale of Semi-Centennial medals 7 65 



$8,188 09 

 EXPENDITURES. 



By Printing of Transactions $ 680 22 



Expenses of the Library 297 64 



Salaries 1,080 00 



Sundry expenses 882 05 



Expenses of the Semi -Centennial 803 00 



Certificates of deposit 1|000 00 



Loan to Wandel 3,000 00 



Interest 8 25 



Discount on checks 3 40 



Dividends on investments 303 90 



Balance 129 63 



$8,188 09 



