editor's report 677 



and practically offset the loss in fees from deaths and resignations, so 

 that the financial affairs of the Society are in a satisfactory condition, 

 as may be seen from the receipts and disbursements for the past year 

 exhibited by the tabular statement on the preceding page. 



The securities now owned by the Society (all of which are deposited 

 in the fire and burglar proof vaults of the Bank of the Monongahela 

 Valley at Morgantown, West Virginia) are as follows : 



On Account of Publication Fund 



March 17 and 25, 1898, two Texas and Pacific Railroad first mortgage 5 per 

 cent bonds, cost $1,976.25 $2,000 



February 6, 1901, 10 shares of the capital stock of the Iowa Apartment 



House Company, Washington, D. C. , cost $1,000 . 1,000 



April 1, 1903, 20 shares of the capital stock of the Ontario Apartment 



House Company, Washington, 1). C, cost $2,000 2,000 



May 5 and September 27, 1895, 3 first mortgage 6 per cent bonds of the 



Kingwood, Tunnelton and Fairchance railroad, cost $304 300 



April 11, 1904, 3 second mortgage 5 per cent bonds, United States Steel Cor- 

 poration, cost $2,366.25 3,000 



May 12, 1905, 10 shares of the capital stock of the Ontario Apartment House 



Company, Washington, 1). C, cost $1,000 1,000 



Total cost, $8,646.50 ; total par value $9,300 



The Texas and Pacific and United States Steel bonds are quoted on the New 

 York Exchange at 123 and 96£, respectively, at the date of this report. 



Kespectfully submitted. 



I. C. White, 

 Morgantown, W. Va., Treasurer. 



December 15, 1905. 



Editor's Report 



To the Council of the Geological Society of America: 



The Editor regrets to have to report again inability to close the annual 

 volume before the Winter Meeting, owing to the tardiness of members in 

 handing in their papers. The last galleys, and even the illustrations of 

 one paper, were not in the Editor's hands before the middle of December. 

 At this writing all papers are in pages, the last page being 670. The 

 Proceedings Brochure, now in galleys, will add something over 100 pages. 

 From this it will be seen that volume 17 will probably be the largest ever 

 issued by the Society. It is copiously illustrated with over 80 half-tone 

 plates and many text figures. 



The Bulletin is certainly appreciated by the members as a medium of 

 publication, the demand for space in its pages steadily growing as time 

 goes on. 



The foregoing was the Editor's report to the Council on December 20, 

 1906. It has seemed to him wise to append the facts concerning volume 



