62 AMERICAN FERN JOURNAL 
With renewed thanks for the fine co-operation of 
members and officers I respectfully submit this report. 
Jay G. UNDERWOOD, Treasurer. 
Report of the Editors for 1920. 
This year the JouRNAL has returned to its wonted 
prosperity in the matter of copy, which has been abun- 
dant and, as we like to have it, reasonably varied. Our 
great problem during the year has been to get along 
with printing costs which have increased about 90 
per cent and an income which has not increased at all 
By omitting all illustrations not given and by drawing 
on the emergency fund, the Council has made it possible 
to print the usual number of pages. Next year, with 
the increased dues and, we trust, new memberships 
and subscriptions, we hope to put the JournauL back 
on the old footing. For a time, however, until we know 
definitely how we stand, illustrations are not to be 
expected in every number. 
Our financial difficulties have had the gratifying effect 
of bringing gifts, from a number of members, principally 
for illustrations. For them and for the interest in the 
JouRNAL to which they testify. the editors are very 
grateful. One illustration, that in no. 3, has been 
provided from them and there is money Sided on hand 
for another, which will appear as soon as a suitable 
subject comes to hand. 
Some progress has been made in the sale of back 
numbers and members are again reminded that we shal 
not long be able to supply Volume 1 complete; also 
that we are in the market for any spare copies of num- 
bers 1 and 3 of that volume. 
R. C. Benepict, 
E. J. Winstow, 
C. A. WEATHERBY. 
Editors 
