﻿Report 
  of 
  the 
  President. 
  1 
  9 
  

  

  Jesup 
  North 
  Pacific 
  expeditions, 
  the 
  last 
  and 
  greatest 
  of 
  the 
  

   enterprises 
  toward 
  which 
  his 
  efforts 
  were 
  directed. 
  Two 
  years 
  

   have 
  elapsed 
  since 
  this 
  memorable 
  meeting, 
  at 
  which 
  the 
  three 
  

   surviving 
  founders 
  of 
  the 
  Museum, 
  J. 
  Pierpont 
  Morgan, 
  

   Joseph 
  H. 
  Choate 
  and 
  Mr. 
  Jesup 
  were 
  present. 
  

  

  During 
  the 
  past 
  year, 
  because 
  of 
  failing 
  strength, 
  Mr. 
  

   Jesup 
  has 
  not 
  been 
  able 
  to 
  take 
  an 
  active 
  part 
  in 
  the 
  manage- 
  

   ment 
  of 
  the 
  Museum, 
  but 
  its 
  welfare 
  has 
  been 
  one 
  of 
  the 
  chief 
  

   subjects 
  of 
  his 
  thought 
  and 
  its 
  progress 
  one 
  of 
  the 
  chief 
  

   sources 
  of 
  happiness 
  to 
  him 
  during 
  his 
  last 
  illness. 
  

  

  BEQUEST 
  TO 
  THE 
  MUSEUM. 
  

  

  Mr. 
  Jesup 
  in 
  his 
  will 
  left 
  a 
  noble 
  bequest 
  to 
  the 
  Museum 
  

   which 
  will 
  enable 
  the 
  Trustees 
  to 
  carry 
  on 
  those 
  lines 
  of 
  work 
  

   in 
  which 
  he 
  was 
  especially 
  interested 
  during 
  his 
  lifetime. 
  

   The 
  terms 
  of 
  the 
  bequest 
  are 
  peculiarly 
  interesting 
  because 
  

   they 
  set 
  forth 
  fully 
  his 
  views 
  as 
  to 
  the 
  relations 
  of 
  the 
  public 
  

   and 
  private 
  support 
  of 
  the 
  Museum; 
  they 
  are 
  as 
  follows: 
  

  

  I 
  give 
  and 
  bequeath 
  to 
  The 
  American 
  Museum 
  of 
  Natural 
  

   History 
  in 
  the 
  City 
  of 
  New 
  York 
  One 
  million 
  dollars 
  ($1,000,- 
  

   000), 
  to 
  constitute 
  a 
  permanent 
  fund, 
  the 
  principal 
  to 
  be 
  in- 
  

   vested 
  and 
  kept 
  invested, 
  and 
  the 
  income 
  to 
  be 
  applied 
  and 
  

   appropriated 
  to 
  the 
  general 
  purposes 
  of 
  the 
  Museum, 
  other 
  

   than 
  alterations, 
  additions, 
  repairs 
  or 
  erection 
  of 
  buildings, 
  

   the 
  purchase 
  of 
  land 
  or 
  the 
  payment 
  of 
  salaries, 
  or 
  for 
  labor 
  

   or 
  for 
  services 
  of 
  any 
  kind, 
  ordinarily 
  considered 
  under 
  the 
  

   item 
  of 
  maintenance. 
  

  

  I 
  wish 
  to 
  explain 
  that 
  I 
  have 
  bequeathed 
  this 
  sum 
  of 
  One 
  

   million 
  dollars 
  ($1,000,000) 
  to 
  The 
  American 
  Museum 
  of 
  

   Natural 
  History, 
  and 
  that 
  I 
  have 
  made 
  for 
  it 
  the 
  other 
  be- 
  

   quests 
  and 
  provisions- 
  contained 
  in 
  my 
  Will 
  because 
  of 
  the 
  

   fact 
  that 
  I 
  have 
  been 
  identified 
  with 
  the 
  Museum 
  from 
  its 
  

   Act 
  of 
  Incorporation 
  to 
  the 
  present 
  time. 
  I 
  have 
  been 
  its 
  

   President 
  since 
  1882. 
  Since 
  that 
  time 
  I 
  have 
  devoted 
  a 
  great 
  

   part 
  of 
  my 
  life, 
  my 
  time, 
  my 
  thoughts 
  and 
  my 
  attention 
  to 
  its 
  

   interests. 
  I 
  believe 
  it 
  to 
  be 
  to-day 
  one 
  of 
  the 
  most 
  effective 
  

   agencies 
  which 
  exist 
  in 
  The 
  City 
  of 
  New 
  York 
  for 
  furnishing 
  

   education, 
  innocent 
  amusement 
  and 
  instruction 
  to 
  the 
  people. 
  

   It 
  can 
  be 
  immensely 
  increased 
  in 
  its 
  usefulness 
  by 
  increasing 
  

   its 
  powers. 
  The 
  City 
  of 
  New 
  York, 
  under 
  its 
  contract 
  with 
  

   the 
  Museum, 
  is 
  to 
  provide 
  buildings 
  and 
  to 
  maintain 
  them, 
  

   but 
  the 
  buildings 
  must 
  be 
  filled 
  with 
  specimens. 
  This 
  means 
  

   that 
  for 
  the 
  purpose, 
  the 
  necessary 
  amount 
  must 
  come 
  from 
  

  

  