Sec. 6. Funds — They are also empowered to solicit, 

 hold, invest, and expend funds committed to their care; only 

 the interest of any endowment to be available. 



Sec. 7. Responsibility — The Society shall be in no way 

 responsible for debts contracted by the Foundation, unless 

 previously authorized by the Executive Committee. 



Sec. 8. Reports — The Editor and Treasurer shall pre- 

 sent a report of their operations and expenditures to the Ex- 

 ecutive Committee at each Annual Meeting, and the accoimts 

 of the Treasurer shall be audited by the Auditing Committee 

 of the Society. These reports shall be published as a part of 

 the proceedings of the Executive Committee. 



The following members were appointed on the 

 Thomas Say Foundation in pursuance of the Consti- 

 tutional provisions : 



P. P. Calvert, editor. 



Morgan Hebard, treasurer. 



Nathan Banks. 



A. D. MacGillivray. 



J. M. Aldrich. 



E. B. Wilhamson, 



Dr. Calvert subsequently withdrew from the 

 editorship, and the Executive Committee elected 

 J. M. Aldrich to the position. 



