TWENTY-FOURTH ANNUAL REPORT 49 
Until we have an Endowment Fund of several millions of 
dollars, we shall be compelled to pass or neglect scientific oppor- 
tunities that would yield great results. 
Even with the income when received from the Sage bequest, 
princely as that gift was, the Society will be little more than able 
to pay its way on the present basis, without embarking upon any 
new undertaking. 
ART GALLERY FUND. 
The following new picture was purchased during the year: 
Rocky Mountain Goat, by Carl Rungius. 
Mr. Rungius is now engaged in the preparation of a picture 
of the American Wapiti. 
There is now on hand a balance of $7,221.68 in this fund. 
TROPICAL RESEARCH FUND. 
The Tropical Research Station at Georgetown, British Gui- 
ana, was reopened and a description of the season’s work appears 
elsewhere in this report. 
The scientific results for the year were exceptionally bril- 
liant, and the station will be reopened in the spring of 1920, and 
Mr. Beebe will sail for British Guiana in April. 
Subscriptions to the Tropical Research Fund for 1920 are 
as follows: 
ATE MOrby ee ICUSeIi ts. cc. ess $1,000.00 
Ceonved Gould: eayck Kc oe. 1,000.00 
Moriimers Leas chith avy (as aoe 1,000.00 
ea Oe COMVELSG ary 1 ake e. 5 1,000.00 
A, Barton Hepburn.) 3.21.44. 226. 1,000.00 
Mdward ss Harkness: 6.) 26:5. 2. 1,000.00 
Cleveland Hi. Dodge... 22... ...; 500.00 
€) LedyardvBlain 2) 2kakos oe: 500.00 
ARO TE Deseo he, RMD Coe ee eR $7,000.00 
Mr. Beebe is now engaged in the final revision of the text 
of the last three volumes of “A Monograph of the Pheasants.” 
