27 



2. Lucien Marcus Underwood Memorial Fund. 

 Established in 1911 by an initial contribution of $100 by 



Miss Caroline Coventry Haynes (Torreya 11: 131-132; 12: 227) 

 and subsequently increased by her through additional contribu- 

 tions, and by contributions of other members. Interest on this 

 fund was designated for the illustration of papers in publications 

 of the Club. Principal (Treasurer's Report for 1924) $1974.82. 

 Additional contributions since that date, together with accumu- 

 lated interest, bring this fund to an aggregate of $2895.86. 



3. Mary S. Andrews Fund. 



Established by a bequest of Miss Andrews, a member, in 

 1921, $978.88, "for such research work as from time to time 

 shall seem advisable." (Torreya 21: 35; 22: 107). Interest has 

 since been added, this fund now aggregating $1441.38. 



4. Life Membership Fund. 



Initiated in 1929, by provision for life memberships on pay- 

 ment of $100, the interest to be available for purposes of the 

 Club. Six life memberships have now been received, the prin- 

 cipal and interest aggregating $636.28. 



The total of these four funds, as of Jan. 1, 1932, is thus 

 $5833.10. It is recommended that the policy of adding interest 

 to principal of the funds, pursued since 1924, be continued, until 

 otherwise ordered; that the increase of endowment by gift, by 

 life membership, or by bequest be suggested, and that publicity 

 be given to this report by printing it in the next issue of Torreya. 

 The funds are at present in two savings banks, as ordered. 

 It is recommended that $5000 be now withdrawn and invested. 



N. L. Britton 

 Helen M. Trelease 

 Caroline C. Haynes 



