REPORT OF THE TREASURER 527 



Treasurer's Report 



To the Council of the Geological Society of America : 



The Treasurer herewith submits his annual report for the year ending- 

 December 1, 1903, along with other data of general interest. 



Three Fellows have been dropped from the roll for non-payment of 

 dues. Eight remain delinquent for two years, while twenty-eight are 

 delinquent for this year. 



Five Fellows, L. C. Glenn, G. P. Grimsley, C. K. Leith, W. G. Miller, 

 and C. H. Warren, have enrolled for life by the payment of the $100 fee, 

 thus increasing the total number of life commutations to sixty-three. 



The investment committee appointed at the last session of the Council 

 has purchased during the year twenty shares ($2,000) of the capital 

 stock of the Ontario Apartment House Company of Washington, D. C, 

 so that the total par value of the stocks and bonds now held on account 

 of the publication fund exactly equals the sum ($6,300) received from 

 life commutations. The Society will realize 4 per cent interest on the 

 Ontario Apartment House Company stock until the large building 

 under construction is ready for occupancy, and thereafter not less than 

 6 per cent annual dividends, according to the results of all previous in- 

 vestments of this nature in Washington real estate. It should be added 

 that the Treasurer is solely responsible for this investment. 



The interest received from all sources amounts to $396.17 against 

 $387.94 for last year, but this year's total should really be increased by 

 a sum of more than fifty dollars, accrued since March on the Ontario 

 Apartment House Company stock, which is not payable until January 

 1, 1904. 



The securities now owned by the Society (all of which are deposited 

 in the fire and burglar proof vaults of the Bank of the Monongahela 

 Valley at Morgantown, West Virginia) are as follows : 



Account of Publication Fund 



April 1, 1891, 1 Tioga Township, Kansas, 7 per cent bond, cost, $1,140.26. . . $1,000 

 March 17 and 25, 1898, two Texas Pacific Railroad first mortgage 5 per cent 



bonds, cost, $1,976.25 * 2,000 



February 6, 1901, 10 shares of the capital stock of the Iowa Apartment 



House Company, Washington, D. C 1,000 



April 1, 1903, 20 shares of the capital stock of the Ontario Apartment 



House Company, cost, $2,000 2,000 



May 5 and September 27, 1895, 3 first mortgage 6 per cent bonds of the 



Kingwood, Tunnelton and Fairchance railroad, cost, $304 300 



Total cost, $6,420.51 ; total par value $6,300 



♦The Texas Pacific bonds are quoted at 115 on the New York exchange. 



