secretary's report 481 



EXPENDITURE OF SECRETARY'S OFFICE FOR THE FISCAL YEAR ENDING NOVEMBER 30, 



1901. 



Account of Administration 



Postage and telegrams $13 52 



Expressage 1 07 



Printing (including stationery and records) 86 98 



Meetings (not included in printing) 32 65 



Binding volumes for officers 6 00 



Total $140 22 



Account of Bulletin 



Postage and telegrams $82 43 



Expressage and freight 79 10 



Wrapping material 50 



Collection of checks 6 55 



Total '. $168 58 



Total expenses for the year $308 80 



Respectfully submitted. 



H. L. Fairchild, 

 Rochester, N. Y., December 20, 1901. Secretary. 



Treasurer's Report 



T) the Council of the Geological Society of America : 



In submitting the annual financial statement the Treasurer herewith 

 adds a few items of general interest. 



During the year 3 Fellows have been dropped from the roll for non- 

 payment of dues, 5 are delinquent for two years, 25 have not yet paid 

 for the present year, while 7 — W. S. Bayley, J. E. Spurr, H. B. Kummel, 

 W. J. Sutton, A. N. Winchell, H. S. Washington, and F. C. Schrader— 

 have commuted for life, thus increasing to 53 the number of Fellows 

 who have placed their membership beyond any future contingency. 



The 5 per cent bonds of the Cosmos Club of Washington, D. C, which 

 the Society held to the amount of 61,700, were redeemed during the 

 year and our permanent investment decreased to that extent. Undei 

 authority of the Council the President and Treasurer invested $1,000 in 

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

 which is confidently expected to yield a minimum return of 6 per cent, 

 or about double the rate of interest now possible to realize from the pur- 

 chase of any first-class bonds. The Treasurer would advise additional 

 investments in the stock of this company if it can be obtained, since its 

 management is both safe and conservative, and property of this kind 



