108 NEW YORK ZOOLOGICAL SOCIETY 



the Plan, great enthusiasm prevailed in favor of joining the 

 Pension Fund, and so many applications were received that at 

 the meeting of September 16, 1914, the first one in which appli- 

 cations could be considered, 133 employees of the Zoological 

 Park, 29 employees of the N. Y. Aquarium, and two employees 

 of the Zoological Society were admitted, after their applications 

 had been certified by the Directors of the Zoological Park and 

 the Aquarium as permanent employees, and after the applica- 

 tions had been passed upon by the Membership Committee. At 

 following meetings, 5 more employees of the Zoological Park 

 were admitted, bringing the total number of contributing mem- 

 bers to 169. This represents for the Zoological Park 97-4/5%, 

 and for the Aquarium 100%, of those eligible for admission to 

 the Fund, and this alone is a clear indication that the employees 

 of the Society fully appreciate the liberality of Mr. Andrew Car- 

 negie and of the Society, in providing the Fund and establishing 

 the Plan, and there can be no question that the Pension system 

 does now, and will in the future, react favorably upon the serv- 

 ice, tending as it does towards a feeling of greater permanence 

 and security, and creating a spirit of loyalty. 



There has been contributed to the Pension Fund Income 

 Account since the establishment of the Fund, by the Zoological 

 Society, $3,333.33; by the employees, $1,044.54, amounting to, 

 with interest on the bank deposit, $4,392.12. This is available 

 for the payment of pensions, and has been invested until such 

 time as needed. The expenditures to December 31, 1914, are 

 $211.85, leaving a balance of $4,180.27. 



Respectfully submitted, 



Hermann W. Merkel, 

 Secretary, Pension Board. 

 Approved : 



George C. Clark, Chairman. 



