190 American Fisheries Society 



will not have to pay two years' bills, so that by the next 

 meeting we may again have a balance on the right side 

 of the ledger." 



The Recording Secretary explained further that the 

 difference in the cost of the Transactions for the two 

 years was not quite as great as it appeared in the report, 

 since the cost of mailing, nearly $50.00, was made a sep- 

 arate item in handling the 1913 Transactions. Never- 

 theless, there was a very considerable decrease in the 

 cost of publication. He stated, further, that if the in- 

 crease in the number of life members had been as great 

 as in the preceding year, the Society would be entirely 

 out of debt. 



President: I think it is proper for the Chair to ex- 

 press the appreciation of the Society for the work of 

 these two officers. Most of you know that a few years 

 ago, by a complication of circumstances we fell into finan- 

 cial difficulties. The Society is evidently well out of this 

 now, however, and it has never been more active, more 

 thoroughly and vitally interested, as may be seen from 

 the number of papers presented by the members for this 

 meeting. 



Most of you know that a Pacific Fisheries Society has 

 been organized on the Pacific Coast and that a very suc- 

 cessful meeting was held in August. At that time I re- 

 ceived the following telegram addressed to the American 

 Fisheries Society in my care: 



"The Pacific Fisheries Society, in its first annual ses- 

 sion, sends greetings to its sister society. 



(Signed) John N. Cobb, Secretary." 



Knowing that you would wish it done, I took the lib- 

 erty, without waiting for formal action, of sending a 

 reply in the name of the Society: 



"The American Fisheries Society extends greetings 

 and congratulations to its new sister organization on 

 the splendid outlook for its future. 



(Signed) Henry B. Ward, President." 



It is also proper that I should call attention to the 

 work done by the Local Committee in arranging at a 



