TWENTY-SIXTH ANNUAL REPORT 51 



large amount of most necessary repair work has been accom- 

 plished during the year which is set forth more particularly in 

 the report of the Chief Constructor. 



GENERAL ENDOWMENT ACCOUNT. 



The total amount of the General Endowment Account is 

 $447,124.78. Receipts during the year were as follows: 



Estate of E. C. Converse $25,000.00 



Estate of Jacob H. Schiff 25,000.00 



Estate of Emma C. Jones 1,000.00 



Estate of C. E. Rhinelander 1,000.00 



Subscription of Abram Nesbitt. . 500.00 



Life Memberships 2,700.00 



Total $55,200.00 



At the request of George D. Pratt, his subscription of $10,000 

 which in 1920 had been credited to the Endowment Fund, was 

 transferred to the Heads and Horns Museum Building Fund. The 

 bequest of John Leyden, in the amount of $763.29, was also trans- 

 ferred from the Endowment Fund to the Zoological Park Relief 

 Association. John Leyden was an employee at the Park and 

 after his disability through old age, the Society took care of him. 

 In appreciation of this, he left his entire estate to the Society. 



Edmund C. Converse Legacy. — The most important legacy 

 received during the year was a gift of $50,000 from the late Ed- 

 mund C. Converse, Esq., who died on April 3, 1921. The Com- 

 mittee was particularly gratified by the expression of good will 

 from Mr. Converse as it has felt that the needs of the Society 

 have not been adequately appreciated by its friends in their wills. 



The Society is really in great need of an increase in its Gen- 

 eral Endowment Account which now amounts to less than a 

 half million dollars. If this amount could be increased to one 

 million dollars the Society would be able to carry on its opera- 

 tions on the present scale without the risk of a deficit every 

 year, although two million dollars will be needed if its work is 

 to expand. Until this Account can be thus enlarged, the 

 Society will not be on a sound financial basis. 



ART GALLERY ACCOUNT. 



During the past year the Art Gallery has been increased by 

 the portrait of Director W. T. Hornaday by George R. Boynton. 



