TWENTY-FOURTH ANNUAL REPORT 45 



The Executive Committee wish to take this opportunity to 

 express their appreciation to those gentlemen for their generous 

 contribution. With these subscriptions the deficit was wiped out 

 with the exception of the sum of $122.07 which was paid from 

 the Income Account. 



In spite of these donations, the Park and Aquarium could 

 not have been maintained, except through the utmost economy 

 on the part of the Directors and their respective staffs. 



All of these facts were brought to the attention of the Board 

 of Estimate and Apportionment, and for 1920 the Society has 

 been awarded for the Park, the sum of $237,930.97, and for the 

 Aquarium, the sum of $54,891. These are both very substantial 

 increases and in spite of the greatly increased cost of supplies 

 and labor probably would have proved adequate if they had been 

 turned over to the Society in a lump sum as heretofore. This 

 Maintenance Fund has, however, been apportioned in accord- 

 ance with a rigid schedule, which will make it exceedingly diffi- 

 cult to get through the year without a deficit. 



The Society already has been obliged to vote the sum of 

 $2,500 to make up the salaries of the high officials of the Park, 

 which were reduced for some unaccountable reason at the last 

 moment. In spite of these drawbacks, the Executive Committee 

 do not expect to be obliged to call upon the Board of Managers 

 for help for maintenance for the coming year. 



CORPORATE STOCK. 



During the year corporate stock to the amount of $5,000 

 was supplied by the city for the following purposes : 



Improvements along Bronx River. 



FINANCES. 



Sage Bequest. — Nothing was received in 1919 from the Es- 

 tate of Mrs. Russell Sage, but it is expected that a portion of the 

 bequest will become available during the spring of 1920. 



