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Received from estate of Stephen Salisbury,.... $60,000.00

Income to September 30, 1907,....

Balance September 30, 1907,.

Total of the eighteen funds,.......

Balance to the credit of Income Account,..

675.00

$60,675.00

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$215,165.75

3,367.31 369.01

September 30, 1907, total,.....

$218,902.07

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Atchison, Tope. & Santa Fé R. R. Co.,

Gen. Mortgage, 4 per cent,...
Adjustable, 4 per cent.,....

Kan. City, Ft. Sc. & Gulf R. R. 7 p. c.
Chicago & East. Ill. R. R., 5 per cent.
Low., Law.& Hav. St. Ry. Co.,5 per ct.
Wilkesbarre& East.R.R.Co.,5 per ct.
Chicago, Cin't & Louis. R.R.4} per ct.
Pére Marquette R. R. Co., 4 per cent.
Southern Indiana R. R. Co., 4 p. c.
Lake Shore, Mich.So. R. R. Co., 4 p. c.
N. Y., N. H. & Hartford R. R., 4 p. c.
N. Y., N. H. & Hartford R.R., 31 p. c.
Illinois Central R. R., 31 per cent..
C., Burlington & Quincy R.R., 4 p. c.
Worc. & Marl. St. Ry. Co., 5 per cent.
Worc. & Web.St. Ry. Co.,5 per cent.

Carried forward,........

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$96,295.00 $97,250.00 $103,860.00

Brought forward,......

West End St. Ry. Co., 4 per cent...
Lynn & Boston Ry. Co., 5 per cent.
Marlboro & Westboro Ry. Co., 5 p. c.
Boston Elevated R. R. Co., 4 p. c...
Ellicott Square Co., Buffalo,5 per ct.
American Tel. & Tel. Co., 4 per cent.
Congress Hotel Bonds, 6 p. c. . . . . . .
Crompton & Knowles L'm W's, 6 p. c.
Hoosier Equipment Co., 5 per cent.

Union Pacific, Rept. 3 p. c. . . . .
City of Brockton, 4 per cent......
City of Quincy Water Bonds, 4 p. c.

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4,000.00 4,000.00 3,920.00 $138,691.39 $139,700.00 $143,350.00

Respectfully submitted,

NATH'L PAINE,

Treasurer.

WORCESTER, MASS., September 30, 1907.

The undersigned, Auditors of the American Antiquarian Society, beg leave to state that the report of the Treasurer, made up to October 1, 1907, has been examined by Lewis C. Muzzy, a public accountant and auditor, and his certificate that the same is correct and properly vouched is herewith submitted.

October 10, 1907.

BENJAMIN THOMAS HILL,
HENRY A. MARSH,

Auditors.

I hereby certify that I have examined the report of the Treasurer of the American Antiquarian Society made up to October 1, 1907, and find the same to be correct and properly vouched. And I further certify that all the securities and cash have been duly transferred to A. George Bullock, the Assistant Treasurer, in compliance with the wish of the Treasurer.

LEWIS C. MUZZY,

Public Accountant and Auditor.

October 10, 1907.

REPORT OF THE LIBRARIAN.

In the "Rules and Regulations" adopted by the Council April 17, 1907 are the following sections:

V. LIBRARY COMMITTEE.

Three members of the Society shall annually be appointed a Committee on the Library, who shall have charge of the Library, Museum and their furnishings, regulate the additions thereto, decide upon the details of administration, and superintend and direct in regard to the use of the Library and its collections, subject to the approval of the Council.

VI. LIBRARIAN AND ASSISTANTS.

The Librarian and Assistants shall have charge and custody of the books and collections, subject to the direction of the Library Committee, and shall administer the details of the Library to the approval of said Committee, who shall prescribe the hours for the use of books and all matters of administration.

The careful ❝details of administration," which appear in section VIII., under thirteen headings, are practical safeguards to a library which is unique in several of its departments. The library committee has been constantly helpful during a year of marked activity. They have provided increased protection for the Hall and its invaluable contents, and added various improvements looking towards ease of administration by the library staff. Shelves have been added on the second floor and space secured on the first floor by the gift, sale or exchange of newspapers and duplicate material no longer thought desirable for the Society to retain. The larger gifts were to the Michigan State Library, Virginia State Library, Worcester Society of Antiquity, Williams College, Teacher's College of Columbia University, Clark University, Clark College, and the

Worcester Natural History Society. The Virginia State Library has been informed that at the close of the Jamestown Exposition our Society's exhibit of a set of its own publications, will there be deposited as the property of the Commonwealth of Virginia. A similar exhibit at the last Paris Exposition was allowed to remain in France as the Society's gift to the Société des Americanistes de Paris.

The following acknowledgment is from the Board of Directors of the Worcester Natural History Society:

Dear Sir:

WORCESTER, April 3, 1907.

I am instructed by the Directors of the Worcester Natural History Society to express their appreciation of, and thanks for, the valuable gift by the American Antiquarian Society of ten folio plates of Birds of America, drawn from nature by John J. Audubon.

By vote of the Directors, these plates are to be suitably framed, and they will be displayed in the Museum.

Very respectfully yours,

Mr. EDMUND M. BARTON,

FRANKLIN P. RICE.

Librarian of the American Antiquarian Society.

Our duplicate set of Audubon's rare work on "The Viviparous Quadrupeds of North America"-in three folio volumes-has since been placed upon the library shelves of the same Society.

I note the loss from the library staff on October 9, of Miss Christine E. Robinson after five years of service marked by accuracy, industry, intelligence and devotion to the Society and its patrons. In this connection mention should be made of her painstaking work in making the required type-written copies of our unpublished Revolutionary orderly books of Col. William Henshaw.

Miss Emma F. Waite was added to the library force on the first day of October current.

The following letters refer to pages 200 and 201 of Mr. Nathaniel Paine's paper on Early American Engravings

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