Report of the President 63 



General Account. The City Maintenance Account, therefore, 

 while it shows all of the moneys received from the City, does 

 not show the entire cost of maintenance. 



The moneys appropriated by the City for maintenance of the 

 Museum are received and disbursed independently of all other 

 income. Thus the Trustees are in a position to give a strict 

 account of the funds received from the City at any time that it 

 may be desired, and an examination of this account by the City 

 officials is always welcomed. It is obvious that as the succes- 

 sive additions are made to the building and as the older 

 portions of the building deteriorate, larger sums will be required 

 for maintenance. 



Trustees General Account. — The growth of the Museum 

 is dependent on the receipts in the General and Special Funds 

 Accounts. The net receipts in the General Account for the 

 year have been $157,547.78, a sum $3,529.27 larger than last 

 year's receipts. The principal items of income have been as 

 follows : 



Interest on General Endowment Fund $57,192.50 



Interest on Morris K. Jesup Fund 52,072.11 



Life Members 4, 700.00 



Annual and Sustaining Members 18,515.00 



Special Contributions of Trustees and others 4,100.00 



Supplementary income from Special Funds 9,000.00 



Refund in settlement of gas bills 1,269.95 



In 1909 the Consolidated Gas Company agreed to accept pay- 

 ment on Museum bills at 75 cents per 1,000 rate, and accord- 

 ingly a check for $1, 269. 95 was drawn and delivered to the Gas 

 Company. The City finally issued special revenue bonds and 

 settled all gas bills, including those of the Museum. The 

 Gas Company thereupon returned the Museum's check for 

 $1,269.95, which was deposited to the credit of the General 

 Account. 



Morris K. Jesup Fund 



The expenditures of the income from the Morris K. Jesup 

 Fund have been made with due regard to Mr. Jesup's wishes, 

 as given in the terms of his bequest. This money has been 

 specifically applied as follows: 



