433 
(e) Except when the conditions of individual bequests or gifts specify 
to the contrary, the annual proceeds of the fund shall be reinvested and 
become a part of the principal fund until the principal is sufficient to yield 
an annuity of two hundred dollars ($200.00). 
(f) In soliciting or accepting gifts an effort should be made to have the 
proceeds available for use at the discretion of the research committee, ex- 
cepting those cases in which the donor wishes to favor special scientific 
interests and will contribute funds adequate to support researches in this 
line. 
(g) It is recommended that donors of small bequests for special pur- 
poses should be persuaded, if possible, to give the Academy wide latitude 
in the use of the annuities, permitting them to accumulate, where neces- 
sary, until the total income shall be sufficient to accomplish substantial 
results. 
(h) The establishment of prize funds is to be discouraged as incom- 
patible with the main object of this fund, which is to aid men of proper 
training to do research work, by giving it support while in progress, espe- 
cially where adequate resources would be unobtainable otherwise. 
Scientific Administration. 
The Academy, through its executive committee, shall organize a Research 
Committee composed of five Fellows, representing different departments 
of science, to administer the proceeds of this fund. 
The first committee is to be nominated by the Executive Committee and 
elected by the members of the Academy—one for one (1) year, one for two 
(2) years, one for three (3) years, one for four (4) years, and one for five 
(5) years. Their successors are to be elected by the Academy members 
for terms of four years each, and two Fellows shall be nominated by the 
executive committee as candidates for each vacancy caused by the expira- 
tion of terms of office. Vacancies by resignation or death shall be filled by 
appointment by the president for the unexpired term, and if possible the 
one appointed shall represent the same department of science as the retir- 
ing member or a department not already represented on the committee. 
Duties— 
This committee shall receive and investigate applications for assistance 
in reasearch work and present its recommendation in writing to the ex- 
ecutive committee for confirmation. 
Investigations in pure science shall have preference in making awards. 
Preference is likewise recommended for members of the Academy engaged 
upon valuable work for which other adequate resources are not available. 
No awards shall be construed as binding on the Academy beyond the 
fiscal year for which they are made, nor for funds unearned by the endow- 
ment at the time at which the award is made. Nothing in this provision, 
however, is to be construed to prevent the Academy from continuing appro- 
