98 Report of the President 



and the bequests of Dessie Greer and of Morris Loeb. It is 

 not expected, however, that any of these funds will be avail- 

 able for some time. 



The Treasurer's books show, for the maintenance of all 

 departments, total net disbursements of $200,000, the sum 



„. ,, . actually appropriated by the City for this 



City Mainte- \ £ £ ■ 



purpose. As a matter of fact, maintenance 

 nance Account f . . . A ' , _ • 



has risen to nearly $300,000, and the Trus- 

 tees have been obliged to draw on their general funds to the 

 extent of $95,000, in order to supplement the City's appropria- 

 tion. An examination of the general receipts will show that 

 the Trustees are now devoting all the Museum's income, 

 except the restricted Jesup Fund and their personal contri- 

 butions for general and special purposes, to maintenance. 



The chief sources of income of the General Account are 

 the invested funds of the Permanent Endowment, the personal 



_ , subscriptions from Trustees and the 



Trustees 



„ " . receipts from Members. The total net 



General Account . r 



receipts for the development of ail 



departments during the year were $201,382.73. The chief 



items are: 



Interest on General Endowment $56,862 85 



Interest on Morris K. Jesup Fund 50,997 94 



Annual and Sustaining Members 27,220 00 



Personal contributions of Trustees 46,000 00 



The General Account also shows the proceeds of three 

 notes aggregating $60,000, which are required to carry on the 

 business of the Museum. This sum has to be deducted from 

 the balance shown on the Treasurer's books, in order to arrive 

 at the correct amount of cash in bank, which on December 31 

 was $6,877.31. 



The contributions of Trustees and Members for specific 



a , purposes have reached a total of $22, 697. 95^ 



_ . , ,_, , a sum $6,600 greater than was received in 

 Special Funds * ' . * 



1913. T. his is the more remarkable since 



business conditions have compelled the re- 

 duction of personal expenses in many cases. 



