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Book Chapter

Finances

Published:
January 01, 1932

Abstract

MONETARY matter is mentioned for the first time in the report of the Executive Council to the second annual meeting in New York, December 27, 1889; and recorded in volume one, page 536. This had special reference to the printing of the Bulletin.

The same report recommended that immediate effort be made to secure a publication fund of $10,000; and that the Treasurer be authorized to invest, as the beginning of such fund, $1,000 of the money then in the treasury.

During the three years, 1889 to 1891, no clear or itemized reports were made by the Treasurer. The Council report for 1890 says that the permanent fund was then $1,800. A report to the Council, April 21, 1891, stated that to that date there were twenty commutations of dues; that investments had been made of $1,140.26, leaving uninvested of the Publication Fund $859.74. The Committee on Investments was I. C. White and H. S. Williams. At the Columbus meeting, December 29, 1891, the Secretary gave an oral accounting (volume 3, page 454).

Beginning with Dr. White's report as Treasurer, December, 1892 (volume 4, page 377), every volume of the Bulletin carries a full, detailed report of the condition of the treasury. Dr. I. C. White was Treasurer, 1892 to 1906. His expressed and fulfilled intention was to acquire the Publication Fund which had been proposed at the New York meeting in 1889. In his valedictory at the New York meeting, December, 1906 (volume 18, page 565), Dr. White

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The Geological Society of America, 1888-1930

Herman LeRoy Fairchild
Herman LeRoy Fairchild
Search for other works by this author on:
Geological Society of America
ISBN electronic:
9780813759449
Publication date:
January 01, 1932

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