THE HORTICULTURAL SOCIETY OF NEW YORK 



bers, $495 ; i sustaining member, $25.00; 37 life members, $1,850; 

 I patron, $250; total, $2,620, or a net gain, without considering 

 advantages for the future, of $2,340. The society has lost 2 

 annual members by death and 10 by resignation, making a total of 

 12. Two of the annual members, Mr. Samuel Untermyer and 

 Mr. John Innes Kane, have become life members. In the last 

 two years the society has more than doubled its membership, 

 the number of members on May 12, 1909, being 180. 



At a meeting of the council, held on November 11, 1910, the 

 question of the re-investment of the permanent fund was raised. 

 After some discussion it was moved, seconded and carried that the 

 chairman appoint a committee of three to investigate this matter 

 and report to the council. The chairman appointed Messrs. 

 Britton, Newbold, and Willis as such committee. At the council 

 meeting, held on December 14, 1910, this committee reported 

 through its chairman. Dr. Britton, that they recommended that 

 the permanent fund of the society be invested in shares of the 

 preferred stock of the United States Steel Corporation. Upon 

 motion, seconded and carried, it was 



Resolved: That the chairman be and is hereby authorized and 

 directed to invest the permanent fund of the society, now amount- 

 ing to over $4,000, by the purchase of 35 shares of the preferred 

 stock of the United States Steel Corporation. 



At the meeting of the council, held on April 12, 191 1, the treas- 

 urer submitted a report showing that this investment had been 

 made at a cost of $4,143.13. 



At the meeting of the council, held on May 11, 1910, the fol- 

 lowing action was taken : 



Resolved: That persons paying $25.00 annually shall be desig- 

 nated Sustaining Members, and that after such sustaining mem- 

 bers shall have made ten annual payments they shall become 

 patrons of the society. 



Up to the present but one person has taken advantage of this 

 provision. 



A list of the membership is appended to this report; as is also 

 the report of the treasurer. 



George V. Nash, F. R. Pierson, 



Secretary. Chairman of the Council. 



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