86 NEW YORK ZOOLOGICAL SOCIETY 
Funds and Accounts:—The receipt in May of a substantial 
portion of the bequest of Mrs. Margaret Olivia Sage made neces- 
sary the opening of two new accounts, the Sage Endowment Fund 
for the bequest and the Sage Endowment Fund Income Account 
for the income therefrom. Exhibits of the receipts and expendi- 
tures in these funds appear with the Treasurer’s statements in 
this Report. 
The usual audit of our accounts was made at quarterly 
periods by the Society’s auditors, and their certificate appears 
immediately following the statements of the Treasurer. 
Privileges:—On the whole and in spite of the various diffi- 
culties that obtained in many branches of this department, the 
year’s net showing was considerably beyond that of any previous 
season. This result was due very largely to the increased volume 
of business caused by the record attendance of 2,250,177, which 
was nearly a quarter of a million above any year since the Park 
opened. 
It was thought that the remarkable number of out-of-town 
visitors in 1919 from all parts of the country, due to the army 
demobilization, would not soon again be equaled, but the fact is 
that the figures seemed to have been exceeded in 1920. 
Rocking Stone Restauwrant:—The gross business at the 
restaurant during 1920 was well above any previous year. Some 
further advances were made in prices but the cost of supplies and 
labor which did not reach the highest level until after the best 
part of the season had gone, resulted in a loss that had to be 
carried by more favored activities. 
Up to this time the Rocking Stone Restaurant has been 
operated with full service and a full force throughout the year. 
Owing to the considerable loss during the winter months in the 
early part of 1920, it was decided to reduce the service to a mini- 
mum this winter and see if a more satisfactory showing cannot 
be made. 
Boating:—The proceeds of the boating season just closed 
were very much greater than in any previous year. During most 
of the season our facilities were taxed to the utmost and this 
condition prevailed much later in the year than usual owing to 
the mild weather throughout the early fall. 
