FIRST BIENNIAL STATEMENT 27 



shall be paid each year to William T. Hornaday, as 

 campaigning trustee, for expenditure by him at his dis- 

 cretion in promoting practical measures and campaigns 

 to secure the best possible protection for and increase 

 of the wild life of America, and especially North Amer- 

 ica and the United States, in line with his previous 

 efforts in that field. 



5. That whenever a vacancy occurs in the position 

 of either of the banking trustees, the vacancy shall be 

 filled, within three months, by a bank officer chosen by 

 the two remaining trustees. 



6. That upon the death or retirement as trustee of 

 W. T. Hornaday, the whole of the endowment fund, 

 and the unexpended income, if any, shall be turned 

 over to the New York Zoological Society, subject to the 

 condition that the principal shall be kept intact as a 

 permanent endowment fund for the protection and in- 

 crease of wild life, and its income expended annually 

 on the lines laid down above. 



Subject to the above conditions, we hereby subscribe 

 the following sums toward the formation of a Perma- 

 nent Wild Life Protection Fund of $100,000 or more. 



In order to convince the people of New York that the 

 interest in wild life protection extends beyond that city, 

 our first efforts were expended in securing subscriptions 

 elsewhere. Mrs. Frederic Ferris Thompson, of Canandai- 

 gua, Mr. George Eastman, of Rochester, and Mr. Henry 

 Ford, of Detroit, each subscribed $5,000. Col. Max C. 

 Fleischmann, of Cincinnati, made a sportsman's subscrip- 

 tion of $1,000. Mr. Carnegie promised $5,000 conditionally, 

 and finally the fund reached $32,000. 



All was going very well when like a cyclone out of a clear 

 sky came on the awful whirlwind campaign of October, 

 1913, for four million dollars for the erection of club houses 

 for New York's Y. M. and Y. W. C. Associations. That 

 effort, which really was a "side-hunt" for millions, was 

 prosecuted with teamwork, committees and publicity with- 

 out end. It sweepingly absorbed all the loose money in 

 sight, and much more; and for a time it completely 

 wrecked the Permanent Fund. For a time there was 

 naught to do but to survey the ruins of our plans, and reflect 

 on the ephemeral character of human ambition. 



