President Godard then addressed the association.

The report of the treasurer was read by the secretary, as follows:

To the American Association of Law Libraries:

Your treasurer respectfully reports the following receipts and expenditures: on August 24th I received a statement from Mr. F. O. Poole, former treasurer of the association, and a list of receipted bills which total $943.71. These receipts are expenditures made by Mr. Poole on behalf of the Association since the balancing of his books on May 5, 1911.

For the period from Aug. 26, 1911, to June 24, 1912, the following receipts and expenditures were made: It might be well to state here that your treasurer was elected at the annual meeting of the Association held at Pasadena in May, 1911, but the financial affairs were not turned over to him until the above date.

Receipts
F. O. Poole, to balance account$ 88.58
Subscriptions for Index666.50
Dues316.00
Advertising263.75
Overpayment of dues.26
Overpayment of subscriptions4.00
$1,335.09
Expenditures
Treasurer, printing & supplies$ 37.87
G. G. Glasier, express3.96
H. L. Butler, typewriting for 191111.35
The Index
Composition, printing & binding No. 2 & No. 4 and storage on back number as per bills447.45
Salary of Karl Ed. Steinmetz as Mgr. Editor as per agreement with Executive Committee400.00
Salary of Frederick W. Schenk as per agreement with the Executive Committee80.00
Printing the report of the Committee on Sessions1.75
Wrapping and shipping No. 2 of the Index10.41
Wrapping and shipping No. 4 of the Index12.52
Supplies furnished the Editor of the Index, and express19.05
Return of overpayment of dues.25
Refund of subscriptions4.001,028.61
Balance in First Nat'l. Bank, Montpelier, Vt.$306.48

Your treasurer wishes to express at this time his appreciation of the many favors of the different officers of the association.

Respectfully submitted,

E. LEE WHITNEY, Treasurer.

The secretary reported that aside from arranging the program of the annual meeting, taking up details with reference to the election of new members, and other routine matters, the Executive committee had been obliged to meet the situation arising from the much regretted resignation of Mr. Gilson G. Glasier, as editor of the Index, after the publication of the first number of volume 4. It was finally decided to engage Mr. Karl E. Steinmetz, as editor of the balance of volume 4 at slight increase in compensation over the amount he received for indexing. The negotiations consumed so much time that after the publication of No. 2 of volume 4. It was decided to omit the third number, and to proceed forthwith with the preparation of the annual number which was to contain all index material of the year, including that which would have appeared in the third number.