576 
PROCEEDINGS OF THE ACADEMY OF 
[ 1893 . 
Paid for materials &c., for Ornitholog¬ 
ical collection. 119.88 
Trust Company of North America 
commission. .54 
-120.42 
Balance on hand.$ 46.58 
WILLIAM S. VAUX FUND. 
Balance on hand from account 1892. $1,600.00 
Unexpended balance in hands of Jacob Binder, late Cura¬ 
tor, returned by the executor of his estate. 366.14 
Income from investments. 600.00 
Placed with Wm. W. Jeffries, Curator, to be used 
in purchase of specimens. 300.00 
Paid for various specimens as approved by the 
Curators. 743.49 
Trust Co. of North America, Commission. 6.00 
-$1,049.49 
Balance on hand. $1,516.65 
F. V. HAYDEN MEMORIAL FUND. 
Balance on hand from account 1892. $250.00 
Income from investments. 125.00 
$375.00 
Cost of preparing medal. $3.75 
Cash awarded with medal to Prof. Edward Suess, 
of Vienna. 121.25 
Trust Co. of North America, commission. 1.26 
-$126.26 
Balance on hand. $248.74 
$37,500 was received from the State Treasurer and tranferred to the 
Trustees of the Building Fund , completing the appropriations of 
$100,000 by the Legislature for the erection of new building. 
During the past three years the Academy has lost two of its Treas¬ 
urers by death while in the active performance of their duties, and 
being the only members who were thoroughly familiar with the Real 
Estate, Mortgages and other investments of its various funds, con¬ 
siderable trouble, confusion and study have been entailed on their suc¬ 
cessor in the office. In view of this difficulty and in order to insure 
safety and permanence in the administration of its affairs in future, 
the Academy, upon the recommendation of the Finance Committee 
and Council, adopted the plan of placing all its investments in the 
custody of the Trust Company of North America, to keep the ac¬ 
counts of the principal of the estate, to collect the income and deposit 
it to the credit of the Academy subject to the drafts of the Treasurer. 
So far the plan has worked well, and the Treasurer takes pleasure in 
acknowledging the courtesy and efficiency of the officers and em¬ 
ployes of the Trust Company, who since February 18th, 1893, have 
had charge. 
