41 



more rapidly than the income itself. Provision to meet this in- 

 creasing need, at least in part, could be made by funding each 

 year a certain percentage of the income. During the first few 

 years this would reduce the available income, but not enough 

 seriously to cripple the work, and whatever of disadvantage 

 might result would be more than offset by the great advantage to 

 be derived in a term of years. It emerges, for example, that if 



by terms of gift or othenvise to the 

 zvork of the Garden^ were set aside ( 



from f 



fifi. 



compounded, our permanent endowment funds would increase by 

 more than $50,000 in less than twenty years. Our present annual 

 income, however, will increase, so that the endowment increment 

 would be much greater than the figures just named. The adop- 

 tion of some such plan, beginning as of January i, 1921, is 

 strongly recommended. 



What the Botanic Garden Needs 



J 



Endozvment for 7?^^^a/r/L— Briefly stated, the Botanic Gar- 

 den chiefly needs additional resources so that its scientific and 

 educational work may be extended and improved. This is, with- 

 out question, our most urgent present need. In my preceding 

 Annual Report I directed attention to the need of additional pro- 

 vision for research with special reference to plant diseases, and to 

 the advantages afforded by the location and equipment of the 

 Brooklyn Botanic Garden for the prosecution of such work here. 

 It was pointed out that an annual income of $50,000 would make 

 possible the establishment of a Laboratory or Institute of Plant 

 Pathology, as a department of the Garden. While this ideal has 

 not yet been realized, I am pleased to record here the announce- 

 ment made to the Board of Trustees, at its meeting of November 

 18, 1920, by the Chairman of the Botanic Garden Governing 

 Committee, Mr. Alfred T. White, of pledges on behalf of himself 

 and two other friends of the Garden of $50,000 for the inat 

 tion of this work. This principal sum is to become available in 

 stated amounts as needed during^ the next four years. In an- 

 nouncing these pledges, the hope was expressed by the chairman 



/ 



