EIGHTEENTH ANNUAL REPORT 37 



Bequest from the Estate of Edward Russ, 

 deceased, being balance of bequest of 

 $10,000 5,000.00 



Life Membership fees 1,400.00 



$21,400.00 



On December 31, 1913, the total amount of this fund was 

 $319,062, which produces an annual net income at the rate of 

 4.55 per cent. 



The following investments have been made by the Treas- 

 urer upon the recommendation of the Finance Committee: 



$25,000 Consolidated Gas Company of New York, New 

 York and Westchester Lighting Co., General Mortgage, 

 4% bonds, due July 1, 2004. 

 $1,000 New York, Lackawanna and Western, 4% Term- 

 inal Improvement Bonds. 



The Sustaining Memberships, which have provided a yearly 

 fund of about $3,000 for the last five years, expired during 1913, 

 and the only manner in which this loss can be offset is by the 

 increase of the Endowment Fund to $500,000, and by a substan- 

 tial increase in the membership. Strong efforts will be made 

 during the coming year in both these directions. 



ACCOUNTS. 



The Society is in a sound financial condition. On January 

 1, 1914, the balances to the different funds in the Farmers' Loan 

 & Trust Company were as follows: 



General Income Account $15,109.53 



Endowment Fund Income Account 6,544.68 



$21,654.21 



Animal Fund $20,241,36 



Endowment Fund, (uninvested) 1,886.52 



Caroline Phelps Stokes' Bird Fund 266.69 



Library Fund 487.72 



National Collection of Heads and Horns 579.00 



$45,115.50 



The accounts of both institutions for 1913 are at present 

 being audited by Messrs. Marwick, Mitchell, Peat & Company, 

 whose printed report will be hereto attached, immediately fol- 



