NINETEENTH ANNUAL REPORT 45 



animals, which come chiefly through Germany, so that every 

 opportunity to secure valuable exhibits must be availed of. 



The balance to the credit of this fund on December 31, 1914, 

 amounted to $10,414.12. 



Eudoivment Fund. — The only additions to the Endowment 

 Fund during the year have been a subscription of $1,000 from 

 Mr. Mortimer L. Schiff; subscriptions aggregating $1,100 re- 

 ceived through the efforts of the Ladies' Auxiliary, the details 

 of which appear in the Report of the Treasurer; and the fees 

 received from new Life Members, $2,800, bringing the total up 

 to $323,962. 



Two bequests have been left to the Society, one by the late 

 Mrs. Morris K. Jesup, a Life Member, in the amount of $25,000, 

 and one by the late Jacob Langeloth, an Annual Member, in the 

 amount of $1,000. When the above bequests have been paid in 

 the Endowment Fund will total $349,962. 



During the year the cash balance in this fund has been in- 

 vested as follows : 



$1,000, Morris and Essex R. R. Co., ^\^% bond. 



$5,000, Illinois Central & Chicago, St. Louis & New Orleans 

 joint 5% bonds. 



$1,000, N. Y., Lackawanna & Western Terminal Improve- 

 ment, 4% bond. 



Leaving a small uninvested cash balance on December 31, 

 1914, of $264.05. 



The net interest from this fund is on a basis of about 4.55%. 



Endowment Fund, Income Account. — As stated in previous 

 reports, this account was created merely to distinguish income 

 from the Endowment Fund from the income from dues and 

 other sources, and this fund is available at all times for trans- 

 fer to the General Income Account, and for use in the work of 

 the Society. 



During the year one transfer to the General Income Ac- 

 count has been made, which amounted to $14,070. The balance 

 on December 31, 1914, amounted to $5,895.21. 



Cadivalader Animal Fund. — Under the will of the late John 

 L. Cadwalader, a bequest of $20,000 has been left to the Society, 

 to be held as a special fund, the income of which shall be used for 

 the purchase of animals for the Park. The bequest has been paid 



