American Philosophical Society
FINANCIAL STATEMENT
FOR THE YEAR ENDING
DECEMBER 31, 1914
MDCCXXVII
PHILADELPHIA
THE AMERICAN PHILOSOPHIQ
I9 I5






PREss of
THE NEW ERA PRINTING COMPANY
LAN CASTER, PA.
BALANCE SHEET-GENERAL FUND.
Dr.
To Annual Assessments . . . . . . . . . . . . . . . . . . $ 62O.OO
To Admission Fees . . . . . . . . . . . . . . . . . . . . . . 3O.OO
To Income from Investments . . . . . . . . . . . . . 5,546. IQ
To Rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I,962.53
To Sales of Publications . . . . . . . . . . . . . . . . . 3IO.27
To Contributions to Current Publication Ex-
penses, viz.:
John Cadwalader, Esq. . . . . . . . . . . $IOO.OO
Hampton L. Carson, Esq. . . . . . . . . IOO.OO
George W. Crile, M.D. . . . . . . . . . . 50.OO
John F. Lewis, Esq. . . . . . . . . . . . . . IOO.OO
John T. Morris, Esq. . . . . . . . . . . . . IOO.OO
Accrued income from Publication
Funds . . . . . . . . . . . . . . . . . . . . . . . 95.42
545.42
$),OIA.4I
DECEMBER 31, 1914.
Cr.
By Committee on Library:
Books and Binding . . . . . . . . $1,281.60
Rental of Fireproof Vault
for Storage of Books . . . . 200.OO
$1,481.60
By Committee of Publication . . . . . . . . . . . . . 850.98
By Committee on Hall . . . . . . . . . . . . . . . . . . . 1,769.98
By Curators . . . . . . . . . . . . . . . . . . . . . . . . . . . . I92.45
By Secretaries:
Expenses . . . . . . . . . . . . . . . . . . $390.79
Telephone . . . . . . . . . . . . . . . . . 48.45
439.24
By Librarian's Expenses . . . . . . . . . . . . . . . . . 170.26
By Treasurer's Expenses . . . . . . . . . . . . . . . . . I5I.4O
By Salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,397.50
By Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . 24O.OO
By Weir Mitchell Memorial Meeting . . . . . . . 30.87
By Balance . . . . . . . . . . . . . . . . . . . . . . . • . . . . . I,29O. I3
$9,014.4I
FINANCIAL STATEMENT—1914.
Par Value.
$ 20,000
2,250
5,000
5,000
490
5,OOO
2,500
7,OOO
5,000
5,000
2,670
I,500
5,OOO
4,OOO
8,OOO
5,OOO
3,000
4,000
I,OOO
8,OOO
3,OOO
I,OOO
Securities in the General Fund.
City of Philadelphia 4% loan, due July, 1937.
Mortgage of P. Campbell at 5:#% on 2955 Camac St., Phila.
Mortgage of I. Haas at 5% on 313 N. 2d St., Phila.
Allegheny Valley Rwy. gen’1 mtge. 4's, due March, 1942.
Alliance Insurance Company, 49 shares (valued at $556).
Atlantic City R.R. Ist mtge. 5's, due May, IQI6.
Balto. & Ohio R.R. Eq. Trust 4%’s, due April, 1921.
Electric & Peoples Traction 4's, due Oct., 1945.
Georgia Railway & Electric Co. Ist con., mtge. 5's, due
Jan., 1932.
Indianapolis, Crawford & Danville Electric Railway Ist
mtge. 5's, due May, IQ52.
Insurance Co. of North America, 267 shares (valued at
$5,340).
Jamestown, Franklin & Clearfield R.R. Ist mtge. 4's, due
Aug., I959.
Lehigh Valley Coal Company Ist mtge. 5's, due Jan., 1933.
Market Street Elevated Railway Ist mtge. 4's, due May,
I955. -
Missouri, Kansas & Texas Rwy, Ist mtge. 4's, due June,
I990.
New York, Phila. & Norfolk R.R. Ist mtge. 4's, due Jan.,
I939.
Norfolk & Western Rwy. Ist cons. 4's, due Iggó.
Pennsylvania Company 4%'s, due July, IQ2I.
Penna. & N. Y. Canal & R.R. cons. 4's, due April, 1939.
Philadelphia Electric Co. 5% tr. cert., due 1948.
Pittsburgh, Cin., Chicago & St. Louis R.R. cons. mtge. 4's,
due Nov., 1945.
Pittsburgh, Cin., Chicago & St. Louis Rwy, cons, mtge.
4's, Series G, due Nov., 1957.
$IO3,4IO
Carried forward.
GENERAL AND SPECIAL FUNDS. 5
$103,410 Brought forward.
5,OOO Pittsburgh, Virginia & Charleston R.R. Ist mtge. 4's, due
Nov., 1943.
4,OOO Reading & Phila. & Reading Coal & Iron Co.'s gen’1 mtge.
4's, due Jan., 1997. .
4,OOO Rio Grande Western R.R. Co. Ist mtge. 4's, due Jan., 1939.
5,000 Southern Pacific Equip. Tr. 4%"s, due Dec., 1923.
5,000 United States Steel Corp. 2d mtge. S. f. 5's, due April I,
I963.
5,OOO West Jersey & Seashore R.R. Ist cons. mtge. 3%'s, due
July, IQ63. -
Real Estate, Hall of the Society, Independence Square
(IO4 S. Fifth Street).
$131,410
SPECIAL FUNDS.
General Meeting Entertainment Fund.
The contributions of local members for the entertainment of
the non-resident members at the Annual General Meetings in April.
Balance . . . . . . . . . . . . . $1,0II.92 Expense of reception,
Contributions . . . . . . . . 42O.OO luncheons and dinner
at General Meeting
of IQI4 . . . . . . . . . . . $ 758.45
Balance . . . . . . . . . . . . . 673.47
$1,431.92 $1,431.92
Portrait Fund.
Balance of subscriptions made at various times for portraits to
be presented to the Society.
*. No disbursements.
Balance . . . . . . . . . . . . . . $306.85 Balance . . . . . . . . . . . . . . $306.85
6 FINANCIAL STATEMENT—1914.
TRUST FUNDS.
Thomas Balch International Law Fund.
Founded by Thomas Willing Balch, Esq., October 13, IQII, as a
memorial to his father for his part in bringing about the arbitra-
tion of the Alabama Claims by the Geneva Tribunal. A part of
the income to be used for the purchase of books relating to the law
of nations and such other uses, when thought advisable, as may pro-
mote the study of that science; a part, not less than one half, to
be added annually to the principal.
Securities.
$200. 2 shares of the Commercial Trust Company (valued at
$700).
Balance . . . . . . . . . . . . . . $ 73.14 Expended . . . . . . . . . . . . . $ 9.24
Income . . . . . . . . . . . . . . . 32.OO Balance . . . . . . . . . . . . . . . 95.90
$IO5. I4 $IO5. I4
Boyé Fund. *
Bequest of $1,000 by Prof. Martin Boyé, of Coopersburg, Pa.,
who died March 5, 1909. Income to be expended in the purchase
of books, preferably on chemistry and geology.
Securities.
$1,000 4 per cent. bond of the City of Zanesville, Ohio, due
Oct., IQI5.
Balance . . . . . . . . . . . . . . . . $19.04 Expended . . . . . . . . . . . . . . $18.5o
Income . . . . . . . . . . . . . . . . 40.OO Balance . . . . . . . . . . . . . . . . 4O.54
$59.04 $59,04
Brush Endowment Fund.
Gift of $10,000 by Charles Francis Brush, LL.D., of Cleveland,
Ohio, November 24, 1914. Income to be used for the general
purposes of the Society.
Securities.
$IO,OOO Broadway & Newport Bridge Co. Ist mtge. 5 per cent.
bonds, due July, 1934.
TRUST FUNDS. 7
Auguste Carlier Fund.
Bequest of $5,000 by Auguste Carlier, of Paris, who died March
I6th, 1890. The income, less IO per cent. to be added to the prin-
cipal, to be expended for the purchase of books for the Library.
Securities.
$ 3OO Counties Gas & Electric Co.'s gen’1 mtge. 5's, due Oct., 1962.
500 Jefferson R.R. Co. Ist mtge. 5% bond, due April, I919.
I,OOO Pittsburgh, Cin., Chicago & St. Louis Rwy. cons. mtge. 4's,
Series D, Nov., 1945.
5,OOO Reading & Phila. & Read. Coal & Iron Co.'s gen’1 mtge. 4's,
due Jan., IQ97.
$6,800
Balance . . . . . . . . . . . . . . . $IO9.83 Expended . . . . . . . . . . . . . $138.93
Income . . . . . . . . . . . . . . . 28O.OO Balance . . . . . . . . . . . . . . 25O.90
Benjamin Franklin Library Fund.
Established by the Library Committee May, 191 I, from funds
derived from the proceeds of the sale in that year of duplicates,
formerly the property of Benjamin Franklin. The income to be
used for the purchase of books.
Securities.
$ 700 City of Philadelphia 3% 9% loan, due July, IQ32.
7OO City of Philadelphia 3% 96 loan, due July, IQ34.
I,OOO Counties Gas & Electric Co.'s gen’1 mtge. 5's, due Oct., IQ62.
I,000 Philadelphia Electric Co. 5% Stock Tr. Cert., due April, 1948.
$3,400
*=s*-
Balance . . . . . . . . . . . . . . . $145.74 Expended . . . . . . . . . . . . . $ 71.87
Income . . . . . . . . . . . . . . . I24.50 Balance . . . . . . . . . . . . . . . 475. I5
Duplicate sales . . . . . . . . 276.78
8 FINANCIAL STATEMENT—1914.
Thomas Jefferson Library Fund.
Established by the Library Committee on January 20, 1905, from
the proceeds of royalties from the publication of manuscripts ac-
quired by the Society through President Jefferson. Income to be
used for the purchase of books.
Securities.
$ 500 City of Philadelphia 3%% loan, due July, IQ32.
1,000 City of Philadelphia 4% loan, due July, 1937.
200 Counties Gas & Electric Co.'s gen’1 mtge, 5's, due Oct., 1962.
$1,700
Balance . . . . . . . . . . . . . . $ 88.48 Expended . . . . . . ... • - - - - $ 41.98
Income . . . . . . . . . . . . . . . 38.75 Balance . . . . . . . . . . . . . . 85.25
$127.23 - $127.23
Magellanic F und.
The gift, in 1786, of 200 guineas by John Hyacinth de Magellan
of London, for a gold medal to be annually awarded under pre-
scribed terms, to the author of the best discovery or most useful
invention relating to navigation, astronomy, or natural philosophy
(mere natural history only excepted). Any surplus of interest re-
maining to be used for such purposes as may be authorized under
the Society's Charter and Laws. The unexpended annual income,
less IO per cent, which is to be added to the principal, may be used
for the purchase of books relating to those departments of science
in which the premium is annually offered. *
Securities.
$I, IOO City of Philadelphia 3% 9% loan, due Dec. 31, 1916.
2,OOO City of Philadelphia 4% loan, due July, IQ37.
$3, IOO
TRUST FUNDS. 9
Balance . . . . . . . . . . . . . . $ 31.88 Expended . . . . . . . . . . . . $IO2.92
Income . . . . . . . . . . . . . . . 59.25
Overdrawn . . . . . . . . . . . . II.79
$102.92 $IO2.92
Michauaſ Fund.
Bequest of 92,600 francs in French Rentes, by François André
Michaux, who died at Paris, October 23, 1855. For the extension
and progress of agriculture, and more especially of Sylviculture, in
the United States. Income, less Io per cent, reserved for reinvest-
ment, to be used for the purchase of books on forestry, etc., in ac-
cordance with the terms of the bequest.
Securities.
$ 5,000 Baltimore & Ohio R.R. Equip. Trust, 4% s, due Feb., IQ2O.
3OO Counties Gas & Electric Co.'s gen’1 mtge. 5's, due Oct., IQ62.
3,OOO Jamestown Franklin & Clearfield R.R. Co.'s Ist mtge. 4's,
due Aug., 18959.
500 Jefferson R.R. Co. Ist mtge. 5% bond, due April, IQI9.
I,OOO Market St. Elevated Rwy. Ist mtge. 4's, due May, IQ55.
5,OOO New York, Phila., & Norfolk R.R. Ist mtge. 4's, due Jan.,
I939. -
500 Philadelphia Balt. & Wash. R.R. Ist mtge. 4's, due Nov.,
I943.
I,OOO Philadelphia Electric 5 % tr. cert., due April, 1948.
5,OOO Phila. Wilmington & Balto. 4 % stock tr. cert., due July,
I92I. .
5,OOO Washington Terminal Co. Ist mtge. 3%’s, due Feb., IQ45.
$26,300
Balance . . . . . . . . . . . . . $ 190.39 Expended . . . . . . . . . . . $ 457.48
Income . . . . . . . . . . . . . I,07O.OO Balance . . . . . . . . . . . . . 8O2.91
*m-sm-m-m-m-mº
$1,260.39 $1,260.39
10 FINANCIAL STATEMENT—1914.
Joseph Parker Norris Library Fund.
Established by the Library Committee May, IQII, from the pro-
ceeds of the sale in that year of duplicate pamphlets presented to the
Society in 1815, by Joseph Parker Norris, Esq. Income to be used
for the purchase of books.
Securities.
$2,000 City of Philadelphia 3% 9% loan, due July, 1932.
IOO Counties Gas & Electric Co. gen. mtge. 5's, due Oct., 1962.
$2, IOO
Balance . . . . . . . . . . . . . . $ 73.86 No expenditures.
Income . . . . . . . . . . . . . . . 4O.OO Balance . . . . . . . .. . . . . . . $II.3.86
Henry Phillips, Jr., Legacy.
Bequest of his residuary estate by Henry Phillips, Jr., who died
y
June 6, 1895. Income to be used for the purchase of books on
archaeology and philology.
Securities.
$ 2,000 Balto. & Ohio R.R. Equip. 4% 9% bonds, due April, 1921.
7,OOO Balto. & Ohio R.R., S. W. Div., 1st mtge. 3% 9% bonds, due
July, IQ25.
5,OOO Denver & Rio Grande Ist consol. mtge. 4's, due Jan., 1936.
I,500 Jamestown, Franklin & Clearfield R.R. Ist mtge. 4's, due
Aug., I959.
4,OOO Jefferson R.R. Company Ist mtge. 5 % bonds, due April,
- IOI9.
3,OOO Market Street Elevated Rwy. Ist mtge. 4's, due May, IQ55.
2,400 Pennsylvania Company for Insurances on Lives and Grant-
ing Annuities, 24 shares (valued at $12,960).
$24,900 Carried forward.
TRUST FUNDS. 11
$24,900 Brought forward.
6,500 Phila., Balto. & Wash. R.R. Ist mtge. 4's, due Nov., 1943.
5,OOO Reading & Phila. & Read. Coal & Iron gen’1 mtge. 4's, due
Jan., 1997.
3,500 Real estate 1724 N. IIth Street.
$39,900
Balance . . . . . . . . . . . . . $ I37.30 Expended . . . . . . . . . . . $ 746.95
Income . . . . . . . . . . . . . 2,093.07 Balance . . . . . . . . . . . . . I,483.42
$2,230.37 $2,230.37
Henry M. Phillips Prige Essay Fund.
The gift of Miss Emily Phillips on October 5th, 1888, of $5,000.
Income to be used in the awarding of a prize for the best essay of
real merit on the science and philosophy of jurisprudence.
Securities.
$1,000 City of Philadelphia 3% 9% loan, due July, 1932.
4,500 Mortgage of Gustav Saling at 5%, on 4O45 Lancaster Ave.,
Phila.
$5,500
Balance . . . . . . . . . . . . . $ 93O.22 Income accumulates for prize.
Income . . . . . . . . . . . . . 337.98 Balance . . . . . . . . . . . . . $1,268.2O
$1,268.20 $1,268.2O
Robert Proud Library Fund.
Established by the Library Committee, May, IQII, from the pro-
ceeds of a sale in that year of duplicate pamphlets presented in 1812
by Robert Proud, Esq. Income to be used for the purchase of
books.
Securities.
$2,000 City of Philadelphia 3% 9% loan, due July 1, 1932.
500 Balto. & Ohio R.R. Eq. Tr. 4% 7% bonds, due April, 1921.
$2,500
12 FINANCIAL STATEMENT—1914.
Balance . . . . . . . . . . . . . . . $39.7O No expenditures.
Income . . . . . . . . . . . . . . . . 57.50 Balance . . . . . . . . . . . . . . . . $97.2O
$97.2O $97.20
Publication Funds.
Contributed in 1914, by the following donors, the income to be
used in defraying the expenses of the publications of the Society:
T. Wistar Brown, Esq. . . . . . . . . . . . . . . . . . $1,000
Dr. William H. Greene . . . . . . . . . . . . . . . . 2,000
Henry LaBarre Jayne, Esq. . . . . . . . . . . . . 500
Dr. W. W. Keen . . . . . . . . . . . . . . . . . . . . . . I,OOO
Joseph G. Rosengarten, Esq. . . . . . . . . . . . . 25O
$4,750
Securities.
$ 500 City of Philadelphia 3% 9% loan, due July, 1934.
2,000 Georgia Railway & Power Co.'s Ist & ref. mtge. 5's, due
April, IQ54. -
2,000 Penna. R.R. Convertible 3%'s, due Oct., IQI5.
250 Cash.
$4,750
Income . . . . . . . . . . . . . . . . $95.42 Transferred to the Pub-
- lication Committee . . . . $95.42.
$95,42 - $95,42
Henry Seybert Fund.
Bequest of $2,000 by Henry Seybert, Esq., who died March 3,
1883. Income to be expended in the purchase of books.
Securities.
$2,000 City of Philadelphia 4 % loan, due July, IQ37.
Balance . . . . . . . . . . . . . . $III.92 Expended . . . . . . . . . . . . . $59.50
Income . . . . . . . . . . . . . . . 40.00 Balance . . . . . . . . . . . . . . . 92.42
$15I.Q2 $15I.92
TRUST FUNDS. - 13
William Tilghman Bequest.
Bequest of $200 by Chief Justice Tilghman, who died April 30,
1827. Income to be expended for the purchase of books.
Securities.
$ IOO Counties Gas & Electric Co. gen’1 mtge. 5's, due Oct., 1962.
I,OOO Reading & Phila. & Read. Coal & Iron gen’1 mtge. 4's, due
Jan., I997.
$1,100
Balance . . . . . . . . . . . . . . . $48.97 Expended . . . . . . . . . . . . . $24.OO
Income . . . . . . . . . . . . . . . 45.OO Balance . . . . . . . . . . . . . . . 69.97
$93.97 $93.97
SUMMARY OF PRINCIPAL ACCOUNT.
Investments in the General Fund at par. . . . . . $131,4IO.OO
Investments in the Trust Funds, exclusive of
the Building Fund, at par . . . . . . . . . . . . . . . . $IIO,556.25
The securities of the General and Trust funds are in the custody
of The Pennsylvania Company for Insurances on Lives and Granting
Annuities, as the agent and attorney of the Society.
HENRY LABARRE JAYNE,
Treasurer.
January I, I915. -
We have had the foregoing account audited and it is found cor-
rect. The securities in the general and special funds we have ex-
amined, counted and found to correspond with the lists hereinbefore
given.
JoHN T. MoRRIs,
CHARLEMAGNE TOWER,
ALBA B. JoHNSON,
Finance Connºmittee.
January, IQI5.
14 FINANCIAL STATEMENT—1914.
ERSITY OF MICHIGAN
Mill.ill
O
BUILDING FUND.
Created by deed of trust, dated June 4, 1900, Girard Trust
Company, depositary and trustee. All money or property which
shall be designated or devoted by any donor, testator or other
person, for the acquisition of land or buildings for the Society’s
use, shall be forthwith paid over, conveyed, or delivered by the
Society to the said depositary, for the acquisition of land and the
construction and furnishing of buildings for the use and occupation
of the Society.
The donors to this fund to date are as follows:
The American Philosophical Society . . . . . . . . . . . . . . . . . $ 2,689.65
Daniel Baugh, Esq. . . . . . . . . e < * * * * * * * * * * * * * * * * * * * * * * * 5,OOO.OO
The Misses Blanchard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IO,OOO.OO
Mrs. R. C. H. Brock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,OOO.OO
F. T. Sully Darley, Esq. . . . . . . . . . . . . . . . . . . . . . . . . . . . . I,OOO.OO
Dr. James Douglas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2OO.OO
Robert H. Ives Goddard, Esq. . . . . . . . . . . . . . . . . . . . . . . . 500.OO
Dr. W. W. Keen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000.OO
John T. Morris, Esq. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000.OO
Charles Norris, Esq. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I,500.OO
William Brooke Rawle, Esq. . . . . . . . . . . . . . . . . . . . . . . . . I,OOO.OO
George Wigglesworth, Esq. . . . . . . . . . . . . . . . . . . . . . . . . . IOO.OO
Accrued interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,44 I.77
Total, Dec. 3, 1914 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $34,431.42
Securities
as reported December 3, 1914, by
The Girard Trust Company, Depositary and Trustee.
$ I, IOO.OO City of Philadelphia 4's, due Dec. 31, 1941.
5,OOO.OO Beech Creek R.R. Co. Ist mtge. 4's, due Jan. I, IQ36.
3,OOO.OO Connecting Rwy. Co. Ist mtge. 4's, due March I5, 1951.
2,OOO.OO Counties Gas & Electric Co. gen’1 mtge. 5's, due Oct. I,
I962.
$1 I, IOO.OO Carried forward.
BUILDING FUND. 15
$11,100.00 Brought forward.
I,OOO.OO Jamestown, Franklin & Clearfield R.R. Co. Ist mtge. 4's,
due June I, IQ59.
5,OOO.OO Lehigh Valley Coal Co. Ist mtge. 5's, due Jan. 1, 1933.
I,OOO.OO Lehigh Valley R.R. Co. annuity 6's.
5,OOO.OO Pennsylvania R.R. Co. IO-year conv. 3%'s, due Oct. I,
IOI 5.
5,000.OO Philadelphia, Baltimore & Washington R.R. Co. Ist
mtge. 4's, due Nov. 1, 1943.
2,OOO.OO Pittsburgh, Cincinnati, Chicago & St. Louis Rwy. Co.
cons. mtge. 4's, Series D, due Nov. I, IQ45.
I,OOO.OO Pittsburgh, Cincinnati, Chicago & St. Louis Rwy. Co.
cons. mtge. 4's, Series G, due Nov. I, IQ57.
2,OOO.OO Texas & Pacific R.R. Co. Ist mtge. 5's, due June 1, 2000.
I61.25 Uninvested principal.
I, I'70. I7 Income on hand.
$34,431.42
- JoHN T. MoRRIs,
HAMPTON L. CARSON,
CHARLEMAGNE TOWER,
ALBA B. JoHNSON,
CHARLEs B. PENROSE,
Building Fund Committee.
January, IOI 5.
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