large, the discovery, invention or improvement most useful and worthy ; and that 

 discovery, invention or improvement which shall be found to have a majority of con- 

 curring votes in its favor shall be successful; and then, and not till then, the sealed 

 letter accompanying the crowned performance shall be opened, and the name of the 

 author announced as the person entitled to the said premium. 



7. No member of the Society who is a candidate for the premium then depending, 

 or who hath not previously declared to the Society, that he has considered and weighed 

 according to the best of his judgment, the comparative merits of the several claims 

 then under consideration, shall sit in judgment, or give his vote in awarditig the said 

 premium. 



8. A full account of the crowned subject shall be published by the Society, as soon 

 as may be after the adjudication, either in a separate publication, or in the next suc- 

 ceeding volume of their Transactions, or in both. 



9. The unsuccessful performances shall remain under consideration, and their 

 authors be considered as candidates for the premium for five years next succeeding the 

 time of their presentment ; except such performances as their authors may, in the 

 meantime, think fit to withdraw. And the Society shall annually publish an abstract of 

 the titles, object, or subject matter of the communications, so under consideration ; 

 such only excepted as the Society shall think not worthy of public notice. 



10. The letters containing the names of authors whose performances shall be 

 rejected, or which shall be found unsuccessful after a trial of five years, shall be burnt 

 before the Society, without breaking the seals. 



1 1. In case there should be a failure, in any year, of any communication worthy of 

 the proposed premium, there will then be two premiums to be awarded the next year. 

 But no accumulation of premium.s shall entitle the author to more than one premium 

 for any one di&covery, invention or improvement. 



1 2. The premium shall consist of an oval plate of solid standard gold of the value 

 of ten guineas. On one side thereof shall be neatly engraved a short Latin motto 

 suited to the occasion, together with the words : " The Premium of John Hyacinth de 

 Magellan, of London, established in the year 1786;" and on the other side of the 

 plate shall be engraved these words : " Awarded by the A. P. S. fpr the discovery of 



A.D. ." And the seal of the Society shall be annexed to the medal by a 



ribbon passing through a small hole at the lower edge thereof. 



Section 2. The Magellanic fund of two hundred guineas shall be considered as 

 ten hundred and fifty dollars, and shall be invested separately from the other funds be- 

 longing to or under the care of the Society, and a separate and distinct account of it 

 shall be kept by the treasurer. 



The said fund shall be credited with the sum of one hundred dollars, to represent 

 the two premiums for which the Society is now liable. 



The treasurer shall credit the said fund with the interest received on the invest- 

 ment thereof, and, if any surplus of said interest shall remain after providing for the 

 premiums which may then be demandable, said surplus shall be used by the Society for 

 making publication of the terms of the said premium, and for such purposes as may be 

 authorized by its charter and laws. 



The treasurer shall, at the first stated meeting of the Society in the month of 

 December annually, make a report of the state of said fund and of the investment 

 thereof. 



