Becord. 



XXIX 



had been printed, to close the volume. We have now decided to made a 

 slight change in the manner of publication and to close each volume at the 

 end of the year. This will make the volumes not exactly of the same size, 

 but approximately so. I regard this as a very decided step in advance; but 

 of course it remains for the members of the Academy and others interested 

 to assist in the work, to enable us to do this. It is, however, another 

 source of congratulation to know that never in the history of this Academy, 

 from the eartiest time until now, has a suitable paper been offered, and 

 accepted by the Council, which means have not been at hand or presently 

 found to publish; and I am glad to say that we are still in that pleasant 

 situation, ready to publish any good material that is offered. 



I therefore think that, looking at the situation of the Academy as it stands 

 at present, we have every reason for congratulation. Effort must be made, 

 not only to retain the present membership but to increase it, to interest 

 scientific workers in the advantages of the Academy, to let them know that 

 there is a means for publishing their work; and such results cannot be 

 achieved without effort, particularly in a busy commercial town*like ours. 

 But I feel confident that the future will take care of itself if the earnest 

 workers that we have in our midst will continue in the work simply of 

 adding to scientific knowledge and of spreading that knowledge whenever 

 they have the opportunity. 



I need not say that I fully appreciate the compliment and the responsi- 

 bility of election for another year. 



The Treasurer reported as follows : — 



RECEIPTS. 



Balance from 1897 $ 603 41 



Interest on invested money 379 16 



Membership dues 1,515 00 



Invested capital returned 1,000 00 $3,497 57 



EXPENDITURES. 



Bent $ 450 00 



Current expenses 254 52 



Publication of Transactions 677 67 



Capital invested [including accrued interest] 1,410 50 2,792 69 



Balance to 1899 $704 88 



INVESTED FUND. 



Investment on security $6,400 00 



After the Treasurer's report had been read, the President 

 called attention to the mention of an increase in the invested 

 fund from $6,000 to $6,400, and remarked that this was a 

 larger sum than had ever before been invested, adding : — 



" I wish also to call attention to this point, which I forgot to mention 

 when I was on my feet, namely, that small donations for the permanent 



