ANNUAL MEETING OF TRUSTEES 85 
noble men and women like Mr. Jesup have been doing this work, others in 
recent years, aided and abetted by a very few newspapers, of which we are 
all ashamed, have been decrying the city and its people, and spreading 
throughout the world that they are sunk in vice and sin. I would that they 
were here this day. ‘They might imbibe some sense of shame. ‘They have 
also spread throughout the world the wholly false notion that this city is in 
a doubtful financial condition. ‘The result is that recently our 4 per cent. city 
bonds sold down to 100.14, while the similar bonds of the comparatively 
small city of Baltimore sold at the same time for 105.17. It is time that the 
decent men of this city put an end to this. There is no safer security in the 
world than the bonds of this city, and yet they have been cried down, until 
they sell for less than railroad securities which are safe, but not absolutely 
safe, like the city bonds. ‘The funded debt of this city can never exceed ten 
per cent. of the assessed value of the real estate on its tax books. It is, for 
that reason alone, of the same security as a mortgage on real estate, for only 
one-tenth of its value. But in addition to that, it has back of it the taxing 
power of the state forever. I hope that those who love this city and work 
to uplift it and are so worthily represented on this occasion will make their 
voices heard against all this detraction, and reassert the moral and financial 
soundness and superiority of this city. 
ANNUAL MEETING OF THE TRUSTEES 
T the Annual meeting of the Board of ‘Trustees, which was held 
on Monday, February 14, 1910, the following elections to the 
Board were announced: 
In the Class of 1912, Mr. T. DeWitt Cuyler, to take the place of Mr. 
Cornelius C. Cuyler, deceased, and in the Class of 1914, the Hon. 
George W. Wickersham, in addition to Messrs. J. Pierpont Morgan, 
Joseph H. Choate, Henry F. Osborn and James Douglas, who were 
reélected from the Class of 1910. 
The following changes in the Scientific Staff were announced: In 
the Department of Geology and Invertebrate Paleontology, Prof. 
R. P. Whitfield, the Curator of the department since 1877, has been 
made Curator Emeritus, and Dr. E. O. Hovey has been promoted to the 
Curatorship; in the Department of Anthropology, Dr. Pliny E. Goddard 
has been appointed Associate Curator, Mr. Harlan I. Smith has been 
advanced to Associate Curatorship, Dr. Herbert J. Spinden has been 
