﻿46 
  Report 
  of 
  the 
  President 
  

  

  Trustees 
  General 
  Account. 
  — 
  The 
  net 
  receipts 
  in 
  this 
  

   account 
  were 
  $119,513.29, 
  of 
  which 
  $49,905 
  was 
  received 
  as 
  

   interest 
  on 
  invested 
  funds; 
  $1,800 
  from 
  Life 
  Members; 
  

   $[6,025 
  from 
  Annual 
  Members; 
  $17,500 
  as 
  personal 
  subscrip- 
  

   tions 
  of 
  Trustees, 
  and 
  $29,405.40 
  being 
  a 
  part 
  of 
  the 
  $50,000 
  

   contributed 
  by 
  Mrs. 
  Morris 
  K. 
  Jesup 
  for 
  the 
  general 
  purposes 
  

   of 
  the 
  Museum. 
  It 
  was 
  through 
  this 
  splendid 
  gift 
  of 
  Mrs. 
  

   Jesup, 
  applied 
  to 
  the 
  purchase 
  of 
  collections 
  and 
  the 
  main- 
  

   tenance 
  of 
  field 
  parties, 
  that 
  the 
  Trustees 
  were 
  able 
  to 
  meet 
  

   the 
  deficiencies 
  in 
  the 
  City 
  Maintenance 
  Account 
  and 
  close 
  

   the 
  books 
  for 
  the 
  year 
  without 
  a 
  deficit. 
  It 
  must 
  not 
  be 
  for- 
  

   gotten 
  that 
  the 
  purchase 
  of 
  new 
  collections 
  and 
  the 
  carrying 
  

   on 
  of 
  the 
  scientific 
  work 
  of 
  the 
  Museum 
  must 
  be 
  met 
  largely 
  

   from 
  this 
  General 
  Fund, 
  as 
  the 
  money 
  appropriated 
  by 
  the 
  

   City 
  cannot 
  be 
  used 
  for 
  such 
  purposes. 
  

  

  Trustees 
  Special 
  Funds 
  Account. 
  — 
  All 
  of 
  the 
  moneys 
  

   carried 
  in 
  this 
  account 
  have 
  been 
  contributed 
  for 
  specific 
  pur- 
  

   poses 
  and 
  each 
  fund 
  is 
  carried 
  on 
  the 
  books 
  virtually 
  as 
  a 
  

   special 
  account. 
  

  

  It 
  is 
  through 
  the 
  generous 
  contributions 
  of 
  friends 
  to 
  

   these 
  funds 
  that 
  it 
  is 
  possible 
  for 
  the 
  Museum 
  to 
  take 
  up 
  

   important 
  lines 
  of 
  research 
  and 
  to 
  procure 
  valuable 
  collec- 
  

   tions 
  which 
  cannot 
  be 
  obtained 
  through 
  the 
  regular 
  resources 
  

   of 
  the 
  Museum. 
  The 
  importance 
  of 
  these 
  special 
  funds 
  in 
  

   the 
  development 
  of 
  the 
  institution 
  is 
  readily 
  understood. 
  The 
  

   subscriptions 
  to 
  this 
  account 
  during 
  the 
  past 
  year 
  for 
  the 
  

   development 
  of 
  specific 
  departments 
  was 
  $28,050.64. 
  

  

  Trustees 
  Permanent 
  Endowment. 
  — 
  All 
  bequests 
  and 
  

   funds 
  not 
  otherwise 
  designated 
  are 
  invested 
  as 
  a 
  permanent 
  

   endowment 
  and 
  the 
  income 
  alone 
  is 
  applied 
  to 
  the 
  purposes 
  of 
  

   the 
  Museum. 
  

  

  The 
  payment 
  of 
  the 
  $1,000,000 
  bequest 
  of 
  Mr. 
  Morris 
  K. 
  

   Jesup 
  marks 
  the 
  largest 
  contribution 
  that 
  has 
  ever 
  been 
  made 
  

   to 
  the 
  endowment; 
  indeed, 
  it 
  practically 
  doubles 
  it. 
  This 
  

   money 
  has 
  been 
  invested 
  by 
  the 
  Finance 
  Committee 
  since 
  

   December 
  31, 
  1908, 
  so 
  that 
  at 
  the 
  present 
  time 
  the 
  par 
  value 
  

   of 
  the 
  Permanent 
  Endowment 
  is 
  $2,162,750. 
  It 
  is 
  the 
  interest 
  

   from 
  these 
  investments 
  which 
  constitutes 
  the 
  chief 
  source 
  

  

  