Beekman Winthrop, Treasurer.

ENDOWMENT FUND.

Receipts.
Balance December 1, 1907$ 2,516.25
Contributions from:
Mrs. Russell Sage$ 25,000.00
Mr. F. A. Keep1,000.00
Admiral Robley D. Evans400.00
Miscellaneous121.00
26,521.00
Life membership dues:
Through propaganda$ 875.00
Through Branches3,875.00
4,750.00
Interest on investments:
West Shore R. R. 4% 1st. Mortgage Bonds$ 720.00
Lehigh Valley R. R. 4% 1st. Mortgage Bonds40.00
Provident Loan Society Certificates54.17
Bank Balances82.83
847.00
Total$ 34,634.25
Disbursements.
Invested in Provident Loan Society Certificates$ 25,000.00
Interest on investments and bank balances transferred to Administration Fund847.00
Total$ 25,847.00
Balance December 1, 19088,787.25
$ 34,634.25

Note—The Endowment Fund on December 1, 1908, is thus stated:

Invested in $18,000, par value, 4% West Shore R. R. Bonds, cost$ 18,771.50
Invested in $1,000, par value, 4% Lehigh Valley R. R. Bonds, cost1,000.00
Invested in $25,000, par value, Provident Loan Society Certificates, cost25,000.00
Cash8,787.25
$ 53,558.75

GENERAL EMERGENCY FUND.

Receipts.
Balance December 1, 1907$ 52.04
Contributions:
*Mississippi Cyclone Relief695.25
*Georgia and South Carolina Flood Relief1,146.96
Miscellaneous241.17
Repayments1,850.93
Balance of Chinese Famine Fund (closed)5,047.53
Balance of Russian Famine Fund (closed)862.43
Balance of Monongah Relief Fund (closed)7.58
$ 9,903.89
Disbursements.
Mississippi Cyclone Relief$ 2,767.38
South Carolina and Georgia Flood Relief942.05
Chinese Flood Relief (Canton)2,000.00
Canadian Forest Fire Relief1,000.00
Michigan and Minnesota Forest Fire Relief300.00
Total$ 7,009.43
Balance December 1, 19082,894.46
$ 9,903.89

* These contributions to special objects of relief are credited here instead of to Special Emergency, because disbursements from General Emergency Funds began before contributions were received. These emergencies were, therefore, treated as general instead of special.

SPECIAL EMERGENCY FUND.