HI .K....U1 REPORT OF SECRETARY 51 



that the Society has not one thousand members who can be 

 counted on for regular annual support. 



There is in stock in New York City back numbers of The 

 Review published before 1908 which can probably be sold 

 for $ioo within five years. There are also sets and loose num- 

 bers of the 1908 and 1909 volumes from which it may be possi- 

 ble to realize as much as $120. All these back numbers are 

 considered the property of the Society, and orders placed with 

 tlie present secretary at Urbana, 111., will be filled by the former 

 Secretary. 



The proprietary rights in The Nature-Study Review have 

 have been transferred to Professor Charles by a mutual 

 agreement in legal form in which he agrees that at the end 

 of his term of oflfice as editor for the Society he will transfer 

 the ownership of the magazine to his successor-elect, or to the 

 trustees in case the Society becomes incorporated. Professor 

 Charles also binds himself to the conduct The Review in 

 the interests of the Society as interpreted by the constitution 

 and the council. Such is the only possible legal arrangement 

 satisfactory to printers and postal officials so long as the Soci- 

 ety is not incorporated. 



Financial Arrangements for 1910 



I. It is understood that the secretary is guaranteed against 

 (i) personal responsibility for cost of publishing nine issues of 

 The Review with an average of 22 pages each month, (2) $100 

 for clerical work, and (3) office expenses such as printed matter 

 and postage. In the circular which solicited special subscrip- 

 tions to the deficit fund, it was stated that the maximum ex- 

 [lenses would be kept within $1000, otherwise deficit subscrip- 

 tions are void. 



II. In reply to the special circular and mimeographed 

 letter which was mailed in December with the bills for 1910, 

 subscriptions to the deficit fund amounting to $280 have 

 been received. The amounts subscribed range from 50 cents 

 to $100. It is understood that these subscriptions will be called 

 pro rata in case of a deficit in December arising in accordance 

 with the provisions in the paragraph next above. In order 

 to reduce the individual responsibility, other such subscriptions 



.are needed. 



Experience shows that it is possible to estimate in May the 



