lO 
for the permanent improvement of the Garden. 
Mrs. Barton has, with great liberality, subscribed 
and paid in five thousand dollars additional to the 
stock of the Society. 
3. Capital Stock. 
Upon the grant of the land comprising the 
garden of the Society, and consisting of about 
thirty-three acres, your Managers found that with- 
out some other method being devised than that of 
dues of annual members, and payments of life 
members, the proper preparation of the ground by 
building, laying out and surfacing walks, fencing, 
purchasing and arranging for the reception of a 
zoological collection was impossible. When once 
these operations were completed, and the Garden 
opened to the public, the Board were confident 
that the annual dues of members, together with 
receipts from admission fees, rent of restaurant, 
and other sources of revenue, which would neces- 
sarily ensue, would render the Garden much more 
than self-supporting, and until the Garden was put 
in a condition to show that such an institution was 
actually being established, the list of members would, 
instead of increasing, rapidly diminish, and all pros- 
pect of a zoological garden disappear. The Board 
concluded to raise this capital, absolutely necessary 
to start the enterprise, by the issue of certificates 
of stock of not less than one hundred dollars each, 
upon which the Society would pay, according to the 
terms set forth in the certificates, six per cent, and 
no more, in cash, and two and a half per cent, in 
