SEVENTEENTH ANNUAL REPORT 37 



ing the last four years, its loss will be greatly felt by the Income 

 Account, unless additional interest is available from the En- 

 dowment Fund. 



There are one or two bequests which will become available 

 during the year, notably one from the estate of the late Henry 

 Iden, in the amount of $10,000, as well as possibly an addi- 

 tional $5,000 from the estate of the late Edward Russ. 



It is hoped that the members of the Society will do what 

 they can to secure subscriptions or bequests to the Endowment 

 Fund. The total amount of our endowment remains ridicu- 

 lously small for a Society with such heavy burdens as the New 

 York Zoological Society, and the efficiency of the Society in 

 matters of general conservation of wild life would be greatly 

 enhanced if it had available a substantial sum for such objects. 



ACCOUNTS. 



On January 1st, 1912, the various balances to the credit 

 of the Society in the Farmers' Loan and Trust Company were 

 consolidated into a single uniform account, which greatly sim- 

 plified the bookkeeping system. This new arrangement has 

 worked very satisfactorily during the year. 



The accounts for 1912 are being audited by Messrs. Mar- 

 wick, Mitchell, Peat and Company, whose printed report will 

 be attached hereto, immediately following the report of the 

 Treasurer. 



The Privilege Accounts have also been thoroughly audited 

 and found correct in every respect. 



All the accounts of the Society close the year with credit 

 balances, with the exception of the fund for the National Col- 

 lection of Heads and Horns, which has been overdrawn. The 

 balances are as follows : 



Endowment Fund $1,226.52 



Library Fund 320.69 



Caroline Phelps Stokes' Bird Fund 116.69 



Income Account $7,394.59 



Endowment Fund Income Account... 3,806.07 



$11,200.66 



Overdraft: 



National Collection of Heads and Horns $241.00 



hicome Account . — The balance to the credit of this fund 

 on January 1, 1912 (less invested funds and advance payments 



