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immediate supervision. I have directly supervised all new 
construction and the installation and care of collections, 
with the assistance of Mr. Arthur J. Corbett, Superinten- 
dent of Buildings and Grounds, Mr. George V. Nash, 
Head Gardener, and Dr. John K. Small, Head Curator, 
and take occasion here to express my high appreciation of 
the efficiency of all these officers, as well as of all other 
employees. Such time as I have had for scientific inves- 
tigation has been given to the continuation of the cactus 
investigation in cooperation with Drs. D. T. MacDougal 
and J. N. Rose, of the Carnegie Institution of Washington, 
to studies of the West Indian flora, and to assisting Mr. 
Norman Taylor in his production of the forthcoming flora 
of the vicinity of New York City. 
Financial Considerations 
As shown by the report of the Treasurer, permanent 
funds of the corporation now aggregate very nearly 
$523,000. Provisions of wills previously probated contain 
$25,000, subject to life interests. The will of Mrs. Maria 
DeWitt Jesup, admitted to probate June 24, 1914, contains 
a bequest of $25,000, and the will of Jacob Langeloth, filed 
for probate August 29, 1914, contains a bequest of $1,000. 
These sums total $570,000. A total endowment of not less 
than $1,000,000 is earnestly desired in order to enable the 
Board of Managers to expand the usefulness of the in- 
stitution. 
The city appropriation for maintenance for I9I§ is 
£107,163, the same as for 1914. The total income from 
funds of the corporation, membership dues, and publi- 
cations for 1915 is estimated at about $35,000, the total 
amount thus available for expenditures during 1915 being 
about $142,000. About $10,000 additional is greatly de- 
sired for expenditure during 1913, for the extension of 
horticultural experimentation and display and the purchase 
of plants and books. 
