524  American  Pharmaceutical  Association.    {'^™  oct^i£.s."°^' 
successors  are  appointed  at  the  Annual  Meeting  succeeding  the  issue  of  a  revis- 
ion, and  to  report  at  each  meeting  of  the  Association. 
Resolved,  that  the  Council  of  the  American  Pharmaceutical  Association  shall 
have  authority,  upon  the  recommendation  of  the  Committee  on  National  For- 
mulary, to  make  all  necessary-  arrangements  for  the  publication  of  a  revised 
edition,  and  to  provide  for  its  distribution  and  sale. 
A  motion  was  also  made  by  Professor  Painter,  that  a  heartfelt  vote  of  thanks 
be  extended  to  those  pharmacists  not  members  of  the  committee  who  had  ren- 
dered assistance.  The  motion  was  amended  so  as  to  include  likewise  the 
members  of  the  committee,  and  to  make  special  mention  of  its  chairman,  Dr. 
Chas.  Rice.   In  this  amended  form  the  resolution  was  passed. 
Pending  a  motion  for  the  appointment  of  a  new  Committee  on  National  Form- 
ulary, the  matter  was  referred  to  the  scientific  section.  The  Association  ordered 
the  publication  of  the  Formular  v  with  the  Proceedings  for  1888. 
The  various  reports  coming  from  Council  were  now  read.  The  Committee  on 
Publication  reported  the  total  cost  of  publishing  the  Proceedings  for  1887  to 
have  been  $3794.52,  and  suggested  that  hereafter  the  Proceedings  as  a  general 
rule,  be  distributed  by  mail  also  in  the  larger  cities  to  avoid  delay.  Of  the 
National  Formulary  two  editions  of  3,000  copies  each  had  been  exhausted  in 
ten  days  each,  and  the  thhd  edition  had  been  put  on  the  market  August  31st. ; 
to  comply  with  the  direction  to  ''sell  it  at  the  lowt  st  price  possible  after  paying 
all  expenses,"  the  calculation  was  made  so  close  that  the  profit  on  the  cost  of 
paper,  press  work,  binding  and  shipping  was  less  than  four  cents  each  for  the 
first  3,000  copies,  and  about  11  cents  each  on  the  first  6,000  copies  sold ;  the  actual 
average  profit,  however,  was  somewhat  greater,  and  is  expected  to  ultimately 
reimburse  the  Association  for  all  expenses  connected  with  the  Fonnular^-. 
The  reports  of  the  Treasurer  and  of  the  Auditing  and  Finance  Committees 
account  for  a  total  income,  dm'ing  the  financial  year  of  ^12,656.49  which  in- 
cludes the  cash  balance  on  hand  in  1887  :  the  total  disbursements  dm^ing  the 
year,  including  $4000  transfeiTed  to  the  life  membership  fund,  were  $10,280.42. 
leaving  cash  on  hand  $2,376.07.  In  addition  to  this  there  are  permanent  funds, 
invested  in  U.  S.  bonds,  the  interest  alone  being  used ;  the  market  value  of 
these  funds  was  as  follows  :  Ebert  fund  $796  :  Centennial  fund  $1,427.10,  and 
Life  Membership  fund  -$9,124.72. 
The  Committee  on  Membership  reported  the  roll  to  contain  12-57  members, 
against  1291  the  preceding  year,  the  decrease  being  mainly  due  to  a  number  of 
resignations  in  previous  years,  and  to  21  deaths  during  the  preceding  years,  the 
latter  including  fom-  former  presidents,  Lincoln,  Luhn,  Moore  and  Eoberts. 
The  report  of  the  Committee  on  the  time  and  place  of  the  next  annual  meet- 
ing stated  that  invitations  had  been  received  from  St.  Paul  and  Minneapolis 
jointly,  from  Asbury  Park,  New  Orleans  and  San  Francisco,  and  that  the  Com- 
mittee was  unanimous  in  proposing  San  Francisco  for  holding  the  meeting  in 
1889.  The' report  was  adopted  by  a  vote  of  47  against  7  nays  ;  and  a  Commit- 
tee^of  five  was  directed  to  be  appointed  to  make  all  aiTangements,  with  power 
and  to  report  to  the  Council. 
The  amendments  previously  ofiered  to  the  by-laws  were  now  considered  and 
adopted  as  follows : 
Chapt.  vi..  Art.  iv.  The  Secretary  of  the  Council  may,  or  may  not,  be  a  mem- 
ber of  Council, 
