REPORT OF THE COUNCIL. 457 



six members have disappeared from the roll for non-payment of dues, 

 nine others are delinquent for two years and will drop out January 1, 

 while twenty are delinquent for the present year, and three members 

 have resigned ; two (Miss Bascom and Mr Baldwin) have commuted for 

 life, and the proceeds ($200), along with Mr Iddings life commutation of 

 last year, have been invested in three bonds of the Kingwood, Tunnelton 

 and Pairchance Railroad Company, bearing 6 per cent interest, payable 

 semi-annually. This makes the Publication Fund of the Society $2,900, 

 upon which it realizes $168 interest annually, in addition to $100 certifi- 

 cate of deposit in Bank of Monongahela Valley, upon which interest at 

 3 per cent is paid. 



■ EECEIPTS 



The receipts from all sources have been as follows : 



Balance in the Treasury November 30, 1894 ^ $462 96 



Fellowship fees, 1893, 2 ' |20 00 



" 1894, 10 100 00 



" 1895,179 1,790 00 



'' 1896, 1 10 00 



1,920 00 



Initiation fees, 15 150 00 



Life commutations, 2 190 00 



.Interest on investments : 



Tioga township, Kansas, bonds 70 00 



Cosmos Club bonds 80 00 



Kingwood, Tunnelton and Fairchance railroad bonds .... 12 00 



Time deposits, Rochester Bank 8 06 



170 06 



Pales of publications : 



Deposited with Security Trust Company, Rochester 491 50 



Assessments, cost of publication: 



On account of illustrations 50 00 



On account of correction of proofs 27 50 



77 50 



Total receipts |3,462 02 



EXPENDITURES 



The expenditures and disbursements of the funds of the So- 

 ciety have been as follows : 



Expenses of Secretary's office : 



H. L. Fairchild, Secretary $572 49 



Expenses of Editor's office : 



J. Stanley-Brown, Editor 160 00 



