■ treasurer's report 517 



As soon as possible after the New York meeting the transfer to the 

 custody of the present incumbent of the material pertaining to the Secre- 

 tary's office was finislied. The Society is to be congratulated upon the 

 care and completeness with which all its records from the beginning 

 have been preserved, and I wish here to express my personal appreciation 

 of the help rendered me by Professor Fairchild in starting i;pon the 

 somewhat arduous though very pleasant duties of the secretaryship. 



Eespectfully submitted. 



Edmund Otis Hovey, 



Secretary. 



New York, December 18, 1907. 



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, 1907: 



Three (3) Fellows, J. A. Dresser, Ida H. Ogilvie, and George I. 

 Adams, have commuted for life during the year by the payment of one 

 hundred dollars each, thus increasing the total Life Commutations to 

 seventy-nine (79) at the present time. 



Two (2) Fellows are delinquent for four years and three (3) Fellows 

 for three years, and are therefore liable to be dropped from the roll for 

 the non-payment of dues, in accordance with section 3, chapter 1, of the 

 By-laws; eleven (11) Fellows are delinquent for two years; while thirty- 

 one (31) Fellows, on the date of the preparation of this report, are delin- 

 quent for the present year. 



The membership of the Society, including delinquents, aggregates at 

 the present time 294, of whom 79 have commuted for life. There have 

 been 2 deaths and 1 resignation during the past year. 



The Treasurer received from his predecessor on December 1, 1906, the 

 following securities: 



Par value 

 Two (2) Texas and Pacific Railroad first mortgage five per cent 



bonds, cost $1,976.25 $2,000.00 



Three (3) U. S. Steel Corporation second mortgage five per cent 



bonds, cost $2,366.25 3,000.00 



Ten (10) shares of the capital stock of the Iowa Apartment House 



Company, Washington, D. C, cost $1,000.00 1,000.00 



Forty (40) shares of the capital stock of the Ontario Apartment 



House Company, Washington, D. C, cost $4,000.00 4,000.00 



Total cost, $9,342.50 ; total par value $10,000.00 



These securities have been placed in a safe-deposit box in the Baltimore 

 Trust and Guarantee Company, Baltimore, Maryland, where the fun "is 



