48 NEW YORK ZOOLOGICAL SOCIETY 
will of the late Mrs. Morris K. Jesup was also received viz.— 
$2,500, thus completing the full amount of this bequest of 
$25,000. In addition one Patron fee of $1,000 and $3,740 in Life 
Membership fees were added to this fund, making a total of 
$17,569.16 received during the year. 
The cash invested during the year was as follows: 
$9,000 Lehigh Valley Terminal 5% Bonds... $9,090.00 
$3,000 Central Railroad of New Jersey 5% Bonds.......... 3,031.25 
$7,000 United New Jersey R.R. & Canal 4% Bonds........... 6,230.00 
$1,000 New York, Lackawanna & Western Term. 4% 
Bondi hs So ise ce a Pe Te EY aaa epee 990.00 
The Endowment Fund now amounts to $369,331.96. This 
fund is invested in securities yielding a net income at the aver- 
age rate of 4.25 per cent per annum. 
On December 31, 1917, there was an uninvested balance of 
$2,740.71 on hand. 
STOKES BIRD FUND. 
The income from this fund, which consists of $5,000 be- 
queathed to the Society by the late Miss Caroline Phelps Stokes, 
is devoted to the protection of bird life throughout the country. 
On January 1, 1917, there was a balance on hand of $58.54, 
and during the year income was received in the amount of $200. 
There were no expenditures during the year. The cash balance 
on hand December 31, 1917, was $258.54. 
CADWALADER ANIMAL FUND. 
This fund consists of the income from the fund of $20,000 
bequeathed to the Society by the late John L. Cadwalader, which 
is available only for the purchase of animals for the Park. On 
January 1, 1917, there was a cash balance of $500. The income 
during the year amounted to $1,000, and there were no expendi- 
tures. This fund closes the year with a cash balance of $1,500. 
ART GALLERY FUND. 
A new and important canvas by Carl Rungius has. been 
completed, and is on exhibition in the Administration Building 
