173 
“Tn selling this journal to the members of the Botanical Society 
of America at its present low price, the Management is continuing 
an economically unjustifiable practice, and a practice which is out 
of line with that of every other research journal in the United 
emy with 
ant 
States which has presented a case to the National Acac 
a request for aid.” 
This statement was passed on by the Business Manager to the 
nut the amount of members’ subscrip- 
— 
Treasurer of the Society, 
tions was never increased. 
For the advantage of members of the Society, a Professtonal 
Advancement Page was carried in the Journal for several years. 
By a nominal payment of 25 cents to apply toward the cost of 
printing, members of the Society could insert notices of positions 
or change of positions wanted. The correspondence involved by 
this service on the part of the Business Manager was very con- 
siderable, but it resulted in securing positions or better positions 
for numerous members of the Society. 
By the Agreement of 1914, the back numbers and volumes of 
the Journal, although housed and administered by the Botanic 
Property “Ob the facciety seat the 
Garden, remain the exclusive 
Jotanmic Garden will turn 
earliest convenience of the Society, the 
over to it approximately 38,714 back numbers. 
There are 36 complete sets of 22 volumes each having an 
advertised sales value, at $178 a set, of $6,408. 
In addition, there are 30,794 back numbers, in incomplete sets, 
having an advertised sales value of $1.00 each—a total of $30,794. 
Since the Journal was approaching the fiscal year ended Novem- 
ber 29, 1930, with an unencumbered balance of $4,578.88, it was 
thought wise to invest $2,000 as the nucleus of a permanent fund 
for the Journal, leaving an unencumbered balance of $2,578.88 
as of November 29, 1930, 
Thus the Botanic Garden, at the termination of the partnership, 
will turn over to the Botanical Society of America bonds having 
a face value of $2,000 and property having a total sales value of 
$37,202, or total assets of $39,202. 
Respectfully submitted, 
(S71gned ) AG. STUART GAGaErR, 
Business Manager. 
any 

December 31, 1935. 
