33 
Bronze Statue for the Rose Garden.—On July 13 Mrs. Walter V. 
Cranford, of Greenwich, Conn., presented for the Rose Garden a 
bronze statue, ‘‘Roses of Yesterday,’ by Harriet Frishmuth. 
The statue, five feet, three and one-half inches in height, repre- 
sents a young girl holding a bouquet of roses in her right arm, and 
in her left arm asun dial. Mrs. Cranford was co-donor with her 
husband, the late Mr. Walter V. Cranford, of the main Rose 
sarden, and in 1936 she bequeathed the Rose Arc as an extension 
of the Garden and as a memorial to her husband. The statue, 
also in memory of Mr. Cranford, has been placed in the main Rose 
Garden where it adds much charm. It was approved, together 
with the setting, by the Art Commission of the City of New York 
at its meeting held July 13, 193 
The gifts received during the year are recorded on pages 104-113, 
following. These have all been acknowledged with the thanks of 
the Botanic Garden Governing Committee of the Trustees. The 
large number of friends of the Garden is reflected by the fact that 
more than 400 donors have, during the year, made contributions 
of money, plants, herbarium specimens, books, and other objects 
that have enriched our collections or facilitated our work in some 
other way. 
FINANCIAL 
Diminished Income.—For the first time in the twenty-seven 
years of its existence the Garden, in 1937, began a year without 
a balanced budget. As of January 1, the budget difference was 
$9,592 in a total operating budget of $178,642. The budget was 
$5,130 less than for 1936, and $48,055 less than in 1929, when the 
total (Tax Budget and Private Funds combined) was $226,697. 
To say that the Garden has suffered a serious loss of Private Funds 
income from contributions and interest on invested funds states 
a fact that every one, of course, must know in view of the eco- 
nomic history of the world during the past eight years. The 
budget difference was further increased by the fact that the Tax 
Budget appropriation was sufficient to meet the minimum weekly 
pay roll only until September 15. 
A special appeal was made for contributions, rigid economies 
were closely adhered to, and the Director of the Budget was asked 
to approve a request to the Board of Estimate and Apportionment 
for a supplementary appropriation for wages. The deficiency 
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