treasurer's report. 365 



Account of Bulfyin 



Postage (and two telegrams) $80 02 



Expressage and freight 51 34 



Wrapping material 75 



Collection of checks - • 4 30 



Total $136 41 



Total expenditure $287 68 



All of which is respectfully submitted. 



H. L. Fairchild, 



Secretary. 



Rochester, New York, December 20, 1896. 



Treasurer's Report 



To the Council of the Geological Society of America : 



The accompanying statement of receipts and disbursements for the 

 year (December 1, 1895, to December 1, 1896) just closed exhibits the 

 present financial condition of the Society. 



The invested funds remain the same as in last statement, viz, $2,900, 

 yielding $168 annual interest. The item of $19.94 '• interest " is the 

 amount paid by the Security Trust Company of Rochester. New York, 

 as interest at 4 per cent on the Society's monthly balances deposited 

 with that institution. It is the policy of the Treasurer to keep as 

 large a balance as possible in the Rochester bank, where the Secretary 

 places all proceeds from the " sales of publications." The Bank of the 

 Monongahela Valley at Morgantown, in which all membership and other 

 dues are deposited, does not pay interest on balances, but in lieu thereof 

 makes no charge for collecting nearly 200 checks annually from all parts 

 of the country, thus indirectly paying 3 to 4 per cent on the Society's 

 daily balances. The $100 time certificate of deposit reported in the last 

 statement of the Society's funds was cashed during the year and the pro- 

 ceeds credited to receipts for the year, as may be seen below. 



During the year the names of five Fellows have been dropped from the 

 roll for non-payment of dues, while two others are in arrears for three 

 years, but their names retained on the roll at their request on promise 

 of payment, which has not yet been fulfilled. Four Fellows are delin- 

 quent for 1895 and 1896, while thirty-two, a much larger number than 

 ever heretofore, are still delinquent for the current year, 1896, only. It 

 would be a great convenience to the Treasurer and a good thing for the 

 Society if Fellows would remit promptly on receipt of the first bills, in 

 January of each year, since the April, July and October notices find 

 many of the Fellows scattered over the country in field-work, or away 



