228 CALIFORNIA ACADEMY OF SCIENCES [Proc. 4th Ser. 



The Academy has been fortunate in securing the services of 

 Mr. E. P. Van Duzee as Curator in the Department of Ento- 

 mology and as active Librarian. The proper housing of the 

 Library and the attention which it is now receiving have added 

 greatly to its usefulness. 



In the other departments of the Academy's work there has 

 been no material change. 



What has been done in these various departments will be set 

 forth by the several curators and it would be but repetition to 

 dwell upon their activities in this general statement of affairs. 



The Director of the Museum, Dr. Evermann, will report in 

 some detail upon the Museum and research work which has 

 been accomplished and of the cordial appreciation which the 

 public is manifesting in the Academy's work. 



In order to make possible what has thus far been done on and 

 in the museum building, the Academy has had to live beyond its 

 income for several years. It has been necessary to add to our 

 indebtedness about $35,000. This is not a serious matter but is 

 cited as an evidence of the efforts of your Trustees and Officers 

 to make the collected scientific material available for examina- 

 tion and study at the earliest possible date. 



The estimated assets of the Academy are about $1,400,000, 

 mainly represented by the Market Street property, against 

 which there are liabilities of about $336,000. The net annual 

 income may be stated in round numbers at about $50,000. It 

 is expected that of this amount about $10,000 per annum can 

 during the next few years be held available for reducing our 

 financial obligations. 



There is not yet any prospect for the enlargement of the 

 museum building, which would only be possible by outside aid. 

 The space which has thus far been made available is, of course, 

 inadequate to meet prospective requirements. All friends of 

 the Academy should, therefore, as opportunity offers, call the 

 attention of those who are financially able, to the good work 

 which an ample additional endowment would make possible. 



In closing, I desire to express on behalf of the officers of the 

 Academy their appreciation of the interest manifested by the 

 members, and desire also to extend my personal thanks to the 

 officers and members for their cordial support and also to the 

 employees who have so willingly made sacrifices in the interest 

 of the Academy whenever called upon to do so. 



