twenty-sixth annual report 49 



Special Endowment Fund: 



Cadwalader Endowment Account.. $ 2,696.58 

 Stokes Endowment Account 558.54 



3,255.12 



Special Fund: 



Animal Account $34,397.44 



Art Gallery Account 1,177.33 



Heads and Horns Building Account 12,114.64 



Sage Construction Account 931.12 



Improvement and Repair Account. 3,058.36 



51,678.89 



General Income Fund 15,180.00 



Scientific and Research Fund: 



Publication Account $ 1,983.60 



Tropical Research Account 80.86 



Library Account 15.88 



Heads and Horns Collection Acct.. 647.29 



2,727.63 



Pension Fund Income Account 4,846.02 



Pheasant Monograph Fund 2,210.49 



$117,103.06 



During the year 1921, the Society increased the salaries of 

 its head officials at both institutions as follows : 



Dr. Hornaday, from $8,000 to $10,000 

 Dr. Townsend, from $5,000 to $7,000 



These increases are richly deserved as it is over fifteen years 

 since these officials have had any substantial increase. 



Sage Bequest. — Owing to litigation, there has been no 

 further payment on the Sage Bequest, but a substantial sum, 

 probably over $200,000, is expected in 1922. 



ACCOUNTS. 



A regrouping of the Society's accounts has been made and 

 will appear in the Treasurer's Report. 



Sage Endowment Account. — The cash and securities in the 

 Sage Endowment Account as of January 1, 1921, amounted to 

 $489,481.33, and $3,576.90 were added to this during the year by 

 profit on the sale of securities, making a total of $493,058.23. 



