102 Report of the President 



the Trustees as the Anson W. Hard Library Fund. All avail- 

 able cash of the Permanent Endowment for the year has been 

 invested by the Finance Committee in Liberty Bonds. The 

 total Endowment on December 31, 191 8, amounted to securi- 

 ties valued at $7,996,975 and uninvested cash of $1,077.51. 



The City Maintenance Account contains only the transac- 

 tions of the receipts and disbursements of the moneys received 

 from the City for operating expenses. For 1918, 

 City the receipts from the City were $216,900 for 



Account salaries and expenses and $8,100 for special re- 



pairs, making a total of $225,000. The actual 

 operating expenses legally chargeable to the City amounted to 

 a total of $313,348.43 and the Trustees therefore were obliged 

 to contribute from their own funds $88,348.43 for maintenance 

 purposes. 



The Trustees' unrestricted funds are received and disbursed 



Trustees' through the General Account. The principal 



General items of income are as follows: 



Account 



Income from the General Endowment $56,957.64 



Membership fees 30,508.00 



Sales and Exchanges 5,425.08 



Personal contributions of Trustees 29,350.00 



According to the terms of Mr. Jesup's will, the income of 

 the Morris K. Jesup Fund can be applied only to research, 



exploration and the enrichment of the collections. 

 Morris K. The income from this fund in 19 18 was $278,- 

 A e ccount Un 036.09 and the transactions pertaining to it are 



recorded in the Morris K. Jesup Fund Account. 



The Special Funds Account, as the name implies, is com- 

 posed of a number of distinct special funds which are entirely 



independent of each other and which can be ap- 

 Special plied only to the specific purposes for which they 



Account are given. In 1918 the net receipts for these 



special purposes amounted to $24,600.80. 



