cxcv 



The Treasurer submitted his annual Report, which showed 

 that there was a balance at the commencement of last year of 

 $456.16; there was collected on dues $467 — making a total of 

 $923.16. The sum of $530 has been expended, of which nearly 

 $400 was for the publication of the Transactions. He thought it 

 was a favorable condition of the treasury, that the publication 

 could be thus made without calling for subscriptions on the part 

 of individual members. There is a balance of more than $400 on 

 hand and about the same amount standing out. The amount of 

 cash in bank was $392.96. 



There are 109 Active and Associate Members. During the last 

 year the Academy has elected six Associate Members. Three 

 members have left the city, three have handed in their resigna- 

 tions, and three have not paid their dues and may be dropped 

 from the roll. 



The annual election of officers took place, with the following 

 result : 



President — Charles V. Riley. 



\st Vice President — Albert Todd. 



znd Vice President — Silas Bent. 



Corresponding Secretary — Nathaniel Holmes. 



Recording Secretary — F. E. Nipher. 



Treasurer — Enno Sander. 



Librarian — J. J, Bailey. 



Board of Curators — G. J. Engelmann, J. R. Gage, and 

 G. B. McLellan. 



The President elect was then introduced by Vice President 

 Todd, and, on taking the chair, thanked the members for the 

 honor conferred on him. He hoped that, as we enter on a new 

 era in this, the Centennial year of the nation, the Academy might 

 also enter on a new era of prosperity and usefulness. He would 

 do all he could to further its interests, and he asked the assistance 

 of the members in so doing, and craved their indulgence for his 

 short-comings. 



NEW USE FOR THE AMERICAX AGAVE. 



Mr. Riley referred to the interesting paper on the Agaves 

 which had just been published in our Transactions by Dr. En- 

 gelmann. In it Dr. E. gives an account of the economic import- 



