47 



adequate ; unljoiind material is steadily increasing' in the library ; 

 there are no funds primarily for publishing the results of research; 

 the publication of our very popular Leaflets has been reduced from 

 ten or twelve numbers a year to three or four ; the Record has been 

 reduced from a bimonthly to a quarterly ; only nominal amounts 

 are available for field work, and the purchase of laboratory and 

 herbarium equipment and supplies. At our present interest rate 

 of 3.5 per cent, on permanent funds, the income on $1,000,000 

 would barely provide for the falling" off of private funds income 

 since the world dej^ression began, about 1930; and yet our need 

 for additional funds, resulting from the normal, healthy growth 

 of a young institution and the increased use of the Garden and 

 demands for service by the ])ublic, increases each year. 



A plan of retiring allozvances or pensions is still an unfulfilled 

 but urgent need. As early as 1927, I presented a plan, prepared 

 in cooperation with the Carnegie Foundation for the Advancement 

 of Teaching, and showed how the Botanic Garden's share of the 

 annual premium payments might have been financed with fiuids 

 then in hand. This is one of the important financial matters that 

 should have early attention. 



Said Professor William Graham Sumner, of Yale University, 

 one of the founders of sociology in America, " Discontent ... is 

 an agency which produces achievement and drives on what we call 

 ])rogress."' We are appropriately discontented. 



Respectfully submitted, 



C. Stuart Gager, 



Director. 



REPORTS ON RESEARCH EOR 1938 



Plant Pathology 



By George M. Reed 



Studies on the Ijiherita)ice of Resistance of Oat Hybrids 

 to Loose a)}d Covered Smnts 



Second generation plants of additional oat hybrids were grown 

 during the past year. The hybrid of Green Mountain X Monarch 

 is particularly interesting because it makes possible a study of the 



