535 



A ccoiurf of Bulletin 



Postage $126 50 



Expressage and freight 53 53 



Wrapping material (envelopes, &c.) 1 05 



Address links 1 94 



Binding three copies volume 14 3 00 



Purchase of brochures to fill deficiencies 3 00 



Collection of checks 4 09 



Total $193 02 



Total expenses for the year $353 76 



Respectfully submitted. 



H. L. Fairchild, 

 Rochester, N. Y., December 10, 1904-. Secretary. 



Treasurer's Report 



To the Council of the Geological Society of America : 



The Treasurer herewith submits his annual report for the fiscal }^ear 

 ending December 1, 1904. 



Ten (10) Fellows remain delinquent for two years, while twenty-six 

 (26) are delinquent for this year. 



Five (5) Fellows— G. D. Harris, R. R. Hice, R. S. Tarr, E. O. Ulrich 

 and F. E. Wright — have enrolled for life by the payment of the one- 

 hundred-dollar fee, thus increasing the total number of Life Commuta- 

 tions to sixty-eight (68). 



The $1,000 bond of Tioga township, Neosha county, Kansas, was called 

 for redemption, without any knowledge of the Treasurer, in 1903, and 

 hence, whan the interest coupon due February 1, 1904, was forwarded 

 to New York for collection, the fiscal agency of the state of Kansas de- 

 clined to pay the interest and replied that the bond would be paid on 

 presentation. As there was no provision for redemption on the face of 

 the bond prior to maturity in 1916, and as Treasurer Williams (H. S.) 

 had purchased the same at a considerable premium, in the belief that 

 it could not be redeemed before the date mentioned on the face of the 

 bond, the Treasurer declined to accept the terms offered. The attorney 

 for Tioga township claimed the legal right to redeem the bond under a 

 general statute of the state providing for such redemptions before ma- 

 turity, and after the Treasurer had contested his views in a lengthy cor- 

 respondence (which is submitted to Council herewith), a compromise 

 was effected, in which the township paid the deferred interest coupon 

 and redeemed the bond at $1,081.80 on April 1, 1904. The terms of 

 this compromise were submitted to Dr H. S. Williams, First Vice- 

 President of the Society, the acting President during the absence of Doctor 



