Report of the President. 1 1 



I regret to record the decease of"Henry Villard, Collis P. Hunt- 

 ington, Jonas G. Clark, Appleton Sturgis and James Baker Smith, 

 all "Patrons "of the Museum; and of Messrs. Frederick E. 

 Church, E. J. Donnell, R. G. Dun, John Alsop King, Percival 

 Knauth, Mandeville Mower, George Richards and Mrs. E. Keep- 

 Schley, "Life Members." 



Endowment Fund. — It is a pleasure to report that the Endow- 

 ment Fund has been increased by a gift of ten thousand dollars 

 from Mrs. Josiah M. Fiske, to be invested and designated " The 

 Josiah M. Fiske Fund." The income of this fund is to be used 

 at the discretion of the Trustees. A contribution of one thousand 

 dollars received from Mr. George A. Hearn has also been added 

 to the Endowment Fund. The Permanent Invested Fund now 

 amounts to $400,000, yielding a yearly income of $20,280. 



I feel it my duty again to refer to the great need of a much 

 larger Invested Fund. With the growth of the Museum as a 

 whole there are naturally increased demands from the various 

 departments and our activities have increased beyond the means 

 at our disposal. Each season's work reveals greater opportuni- 

 ties for an increase of our collections, and if our prestige is to 

 be maintained we must take advantage of these opportunities. 



The Museum has become a valuable ally to the educational 

 institutions, both of the City and State ; indeed, teachers and 

 pupils from neighboring States are often met in the Exhibition 

 Halls, and the work of the Department of Public Instruction has 

 been adopted by ten States and two foreign countries. This 

 alone is ample justification for the course the Trustees have taken 

 in the past, and the need of a substantial endowment to perpetuate 

 the institution as an educational power is nothing short of impera- 

 tive. 



Additions to the Buildings. — The New Lecture Hall was 

 completed early in the fall, and was dedicated on Wednesday 

 afternoon, October 30. 



The new structure was formally transferred to the Trustees by 

 the Honorable George C. Clausen, President of the Department 

 of Parks, and accepted by your President on behalf of your 



