COMPLETION OF THE PERMANENT FUND 



With feelings of profound thankfulness we now are able 

 to announce that the goal of $100,000 — the "minimum" of 

 our endownment — has been reached. This altogether happy 

 culmination, during a period when humanitarian causes 

 generally are in straits for new funds, was achieved chiefly 

 through the efforts of the Founders of 1914. The number 

 of subscriptions that have been increased, and the great 

 amounts of those increases, have been unprecedented in our 

 experience. 



The inflow of increases was started by Mrs. Russell Sage, 

 the Guardian Angel of the Birds, who in this field of en- 

 deavor is always foremost. Like a burst of sunshine com- 

 ing through a leaden cloud, she voluntarily — and unexpect- 

 edly — raised her original subscription from $10,000 to 

 $25,000. Shortly following that Mr. Alex. Smith Cochran, 

 Mrs. William H. Bliss, Mrs. Richard T. Auchmuty and Mr. 

 Henry M. Hanna became Founders. 



On Aug. 17, only one week before we were to take the 

 long trail westward, Mr. William P. Clyde declared that 

 "The Trustees of this Fund simply must have all the money 

 they need in their work," and raised his subscription from 

 $1,000 to $5,000! This emboldened the Campaigning 

 Trustee to mention the subject anew to five other Found- 

 ers ; and during that eventful week four of them will- 

 ing and cheerfully followed Mr. Clyde's example. With 

 other and smaller subscriptions, this left only $5,000 more 

 to raise. At the close of the western tour, the canvass was 

 again taken up, with the result that on Wednesday, Novem- 

 ber 17, Mr. George D. Pratt (New York State Conservation 

 Commissioner and President of the Camp-Fire Club) 

 covered the entire remaining shortage with an additional 

 subscription of $2,000. 



And thus has closed our long and arduous two years' 

 quest for permanent campaign funds. The goal has 

 been reached, much sooner than seemed possible when we 



