tained, their great number, and their unusual scientific and practical value, 

 will convince any member that the money was well spent, however embar- 

 rassing it may have been to meet the bill. Personally, I believe that the 

 Society can take great credit for such a volume, also that the Executive 

 Secretary has cause to be congratulated upon its production. 



When it was first proposed to pay these bills in the manner above 

 stated, action was at once taken to replenish the treasury. Letters were 

 written to delinquents and appeals made to all members to pay their dues 

 promptly, and as a result the condition of the Society as far as the collec- 

 tion of dues is concerned is perhaps better than for many years. In 

 addition, your President issued an appeal on June 20th, for contributions 

 to put our finances on a sound basis. The amount received to August 10, 

 1921, from 53 contributors totals $487.41, with more to be heard from. 



Despite the increased cost of all necessary materials and printing, the 

 dues of the Society have remained at the almost negligible amount of 

 $2.00 a year. It cost $1,991.15 to publish the Transactions for the Ottawa 

 meeting, or considerably more per volume than the $2.00 paid by each 

 member. On August 10th we had only 491 active members which, if 

 everyone paid, would provide but $982.00. 



This meeting should take some steps to provide increased revenue ; this 

 is necessary if the Society is to pay its bills. A vigorous campaign for new 

 members, especially state and club memberships, if intensively conducted, 

 would add considerably to the yearly revenue. If something is not done, 

 it seems necessary to increase the dues or discontinue the Transactions. 

 The latter is unthinkable, for it would practically mean the living death 

 of the Society. My personal view is that whatever the success or failure 

 of a membership campaign, under no circumstances should the cost of 

 printing the Transactions be in excess of a suflBcient balance for ordinary 

 running exi)enses. In other words, I do not believe that we should allow 

 ourselves again to run heavily into debt. 



The raising of the dues in an appreciable amount would, in my opinion, 

 reduce the membership to such an extent that there would be little, if any, 

 financial gain over the present two-dollar-a-year policy. But I feel that 

 the matter of increasing dues is one that should come before this meeting 

 in the form of a resolution or order, and have definite action. 



Following is a tabulation of receipts and disbursements: 



Receipts 



Balance in Treasury after the meeting of 1920 $264.51 



Annual dues: 



For the year 1916 $ 2.00 



1917 6.00 



1918 36.00 



1919 54.00 



1920 780.00 



1921 50.00 



1922 4.00 



932.00 



Club memberships 10.00 



State memberships 20.00 



16 



