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be equally well supported. This is the contribution of a few 
people devoted to the advancement of Science and Art in two 
western communities that are as yet comparatively undeveloped in 
population and wealth. 
It is gratifying to be a lie to announce this during the 
decennial year of the foundation of the School and the organisation 
of the Managing Committee. During the five years prior to this 
decade, the Institute, for its work in American Archaeology, 
maintained only a fellowship with annual stipend of (600.00, before 
which nothing was expended in the American field for many years. 
Under the present organisation we have in less than ten years 
established the Institution and equipped it with buildings, museums, 
libraries, and laboratories adequate for the research work that we 
should pursue, at the same time carrying on a fair amount of field 
work and providing practical training for men and women who are 
already making important contribution in ethnology, archaeology 
and art. 
The consummation of these plans enables us to go ahead 
with great confidence* We have next to secure a general endowment 
func. that# will enable us to maintain fellowships, laboratories 
and studios, and support research and publication. This necessi- 
tates an income of 450,000.00 per year. In making plans for the 
permanent financial foundation the Director will from time to 
time seek your counsel and assistance. 
