io Report of the President. 



yielded substantial results, of importance far beyond our 

 original expectation. But all of the scientific problems of the 

 arctic are by no means solved; there remain other areas, the 

 zoological, geographical and geological survey of which would 

 well repay the investment of future appropriations. 



City Maintenance Account. — The amount received from 

 the City for the maintenance of the Museum ($160,000) has 

 remained the same as in 1902. While this is indeed a generous 

 appropriation from the City, and is itself a substantial indication 

 of the value that the City authorities place upon the work of 

 the Museum, the amount is in reality too small to meet our 

 running expenses and should be increased. For many years 

 the Trustees have been obliged to make up deficiencies on this 

 account, and the year 1903 has proved no exception, several 

 members of the Board subscribing to a deficit of more than 

 seven thousand dollars. 



General Account. — This is the account that reveals our 

 regular sources of income and our regular expenditures for the 

 development of the collections of the Museum at large, and it 

 is by the examination from year to year of the receipts and 

 expenditures as arranged under this account that one can most 

 easily follow our general growth. The friends of the Museum 

 are invited especially to subscribe to this general fund. 



The year 1903, when compared with 1902, shows a small 

 increase in our income from invested funds, an increase of 

 $1,300 in receipts from Life Members, and of $1,490 in our 

 receipts from Annual Members. Contributions by the Trus- 

 tees make the total receipts on this account, $78,050.30, 

 which is approximately $13,000 more than in 1902. 



Endowment and Investment Account. — Friends of the 

 Museum have often advanced the work of some particular 

 Museum department because of their own interest in some 

 branch of natural science, some special collection, or some 

 particular country or locality. The sums of money thus con- 

 tributed are kept apart, and an annual statement is published 

 as the "Endowment and Investment Account." A report is 

 also made, in the appropriate department, of the success of 



