January 31, 1919] 



SCIENCE 



123 



The total of cash receipts during the year is 

 $7,747.27. Disbursements made in accordance with 

 directions of the council amounted to $7,786.00. 

 These include $4,000 for purchase of a like amount 

 of United States Third and Fourth Liberty Loan 

 Bonds of 1918 for the association and held as an 

 investment. 



The total amount of funds of the association con- 

 sisting of cash, cost value of securities purchased, 

 and appraised value of securities received from 

 the Colburn estate is $116,605.45. 



A detailed statement is appended. 



Robert S. Woodwakd, 



Treasurer 



December 23, 1918 



BALANCE SHEET 



Assets 

 Investments: 



Securities (Exhibit A) $112,777.50 



Cash in banks 3,827.95 



$116,605.45 



Liabilities 

 Funds: 



Life memberships, 343 at $50 $ 17,150.00 



Jane M. Smith Fund 5,000.00 



Colburn Fund 77,755.74 



^99,905.74 



Unexpended balance 16,699.71 



$116,60^5 



CASH STATEMENT 



Seceipts 

 1917 

 Dec. 15. Balance from last 



report $ 3,866.68 



Interest from securities. . . $5,254.80 

 Interest from bank balance 92.47 



48 life commutations 2,400.00 $7,747.27 



$11^613^5 

 Disbursements 

 Investments : 



$2,000 U. S. Third Lib- 

 erty Loan of 1918 $2,000.00 



$2,000 U. S. Fourth Lib- 

 erty Loan of 1918 2,000.00 $ 4,000.00 



Grants: 



William Tyler Oleott $ 300.00 



A. E. Douglass 250.00 



Carl Eigenmann 500.00 



Edwin B. Frost 500.00 



R. A. Porter 200.00 



E. W. Sinnott 200.00 



O. F. Stafford 500.00 



Herman L. Fairchild 200.00 



S. D. Townley 250.00 $ 2,900.00 



Interest on Life Memberships: 

 4 members (Jane M. 



Smith Fund) $ 200.00 



343 members ($17,150 at 



4 per cent.) 686.00 $ 886.00 



$ 7,786:00 



Cash in Banks: 



Fifth Avenue Bank of 



New York $1,722.69 



U. S. Trust Company of 



New York 2,105.26 $ 3,827.95 



$11,613.95 



(Exhibit "A") 



SCHEDULES OF SECURITIES 



Securities Purchased 



Par Value Purchase Value 



$10,000 Chicago and North- 

 western Railway Co. 

 general mortgage 4 per 

 cent, bonds, due 1987..$ 9,425.00 



10,000 Atchison, Topeka 

 and Santa Fe Railway 

 Co. general mortgage 4 

 per cent, bonds, due 

 1995 9,287.50 



10,000 Great Northern 

 Railway Co. first and 

 refunding mortgage 4.25 

 per cent, bonds, due 

 1961 10,050.00 



10,000 Pennsylvania Rail- 

 road Co. consolidated 

 mortgage 4.5 per cent, 

 bonds, due 1960 10,487.50 



10,000 (aicago, Burling- 

 ton and Quincy Railroad 

 Co. general mortgage 4 

 per cent, bond, due 

 1958 9,350.00 



10,000 Union Pacific Rail- 

 road Co. first mortgage 

 4 per cent, bonds, due 

 2008 9,012.50 



10,000 Northern Pacific 

 Railway Co. prior lien 

 railway and land grant 

 4 per cent, bonds, due 

 1997 9,187.50 



10,000 New York Central 

 and Hudson River Rail- 

 road Co. 3.5 per cent. 



bonds, due 1997 8,237.50 



8,000 U. S. Second Lib- 

 erty Loan Bonds 8,000.00 



2,000 U. S. Third Lib- 

 erty Loan Bonds 2,000.00 



2,000 U. S. Fourth Lib- 

 erty Loan Bonds 2,000.00 $ 87.037.50 



Bonds from Colburn Estate 



Par Value Appraised Value 



$20,000 Acker, MerraU 

 and Condit Co. deben- 

 ture 6 per cent, bonds $13,600.00 



7,000 Buffalo City Gas 

 Co. first mortgage 5 

 per cent, bonds 1,540.00 



8,000 Park and Tilford 

 Co. sinking fund deben- 

 ture 6 per cent, bonds. 6,400.00 



