40 



gas. The problem is thus a very complicated one. The true 

 respiratory activity of the cactus can only be studied in the ab- 

 sence of light and at moderate temperatures. 



Arthur H. Graves, 



Secretary. 



Meeting of January 12, 1926 



The meeting of this date was held at the American Museum of 

 Natural History. 



According to the usual program of the annual business meeting, 

 the reports of the various officers for the year were next received. 



The Secretary reported that 15 regular meetings of the Club 

 had been held during the year, with a total attendance of 486, an 

 average of 32 persons per meeting. Twenty-six new members 

 were elected during 1925; four were lost through death and six 

 others through resignation. Deducting those dropped for non- 

 payment of dues, the present membership is 291. 



The Treasurer, Dr. R. C. Benedict, reported gross receipts of 

 ^4852.63 including a balance of $1071.16 brought over from 1924. 

 Disbursements amounted to $4197.47, leaving a balance of 

 $655.16. 



Dr. T. E. Hazen, Editor of the Bulletin, reported that Volume 

 52 contained k,^2 pages and 10 plates. 



The Editor of Torreya, Mr. George T. Hastings, reported the 

 publication of six bi-monthly numbers totaling 138 pages. Dr. 

 Michael Levine, the Business Manager, reported an income of 

 about $105 from advertisers. 



Dr. H. M. Denslow, Honorary Custodian of the local herbarium 

 of the New York Botanical Garden reported accessions during 

 the year of about 800 sheets, and spoke of the large collection of 

 the late Eugene Pintard Bicknell presented by Mrs. Bicknell. 

 The number of cases must be increased for the incorporation of 

 this collection. 



Dr. M. A. Howe, Delegate to the Council for the New York 

 Academy of Sciences, reported upon attendance at meetings of 

 the Council. 



The Chairman of the Field Committee, Dr. Alfred Gundersen, 

 reported that, as in previous years, the field meetings had been 

 held in conjunction with the New York Microscopical Society. 



