TRANSACTIONS 



OF THE 



1919, PART II. 



REPORT OF THE BOARD OF TRUSTEES 

 FOR THE YEAR 1919. 



The Board of Trustees of the Massachusetts Horticultural 

 Society presents herewith to the members a summary of the l)usi- 

 ness transacted at its meetinjis during the year 1919. 



January 1 1 . Mr. Saltonstall for the special committee on the 

 finances of the Society submitted the following report which Avas 

 accepted and adopted : 



At a meeting of the Special Committee of the Massachusetts Horti- 

 cultural Society held on the 21st day of November, 1918, at which Messrs. 

 Gen. Stephen M. Weld, Charles W. Moseley, and R. M. Saltonstall were 

 present, also Mr. Walter Hunnewell, Treasurer, Mr. F. A. Theall, Mr. 

 Hunnewell's assistant, and Mr. William P. Rich, Secretary, the report of 

 Harvey S. Chase & Company on the audit of the accounts of the Society 

 for the year ending Dec. 31, 1917, was again considered and notably the 

 matter of the item of $48,500.95 carried on the Treasurer's books as Surplus 

 Income, and after due consideration, it was determined advisable that there 

 should be sundry charges made against this item of Surplus Income as 

 follows : — 



Fiist: — Investment Account: It was determined advisable to charge 

 off certain premiums to bring the book value of bonds down to par. and 

 for this account a total amount of $8,625.25 was charged against Surplus 

 Income and credited to the Investment Account. 



Second: — Library Equipment: It was determined advisable to add 



95 



