The morning journal-courier., 1908-10-19

stances exceeded, 1 might say aouseu by members. For instance, our rules permit but two books at time. to be out for the s3 class, and fifteen for the s5 class. I am safe in saying that both these rules are constantly dls- regarded. In the s5 class the inirac- tion is not so important, but Tn tne other class u makes the S3 memDer equal to the s5 member, and l would therefore. recommend that the rule be changed so as to permit, not eS- ceedng five books to be out at one time to a s3 member, and that the rule be rigidly enforced.
 By a vote of the directors, on rec ommendation of the membership and resource committee, sixty day compli- mentary cards were issued to our members with request to give them to non members in the hope of securing more or less of them as members fter the free period had eXpired. Under this vote some five hundred or more such cards were issued during last May and June. and of this num- Der A tri1e over one hundred were presented at the desk by persons who had received them from members. So far believe, but three new members have been influenced by the cards to join the institute. However, we now have the names and addresses of the one hundred and they furnish, 1t seems to me, a fertile field to work in for an institute canvasser The num- ber of life members at present Is nine teen.
 In leaving this subject, beg to in- press upon all institute members tho urgent need of larger membership for tho institute. and to earnestly urge them to assist the membership and resource committee in the active ef- forts they are about to take to secure that greatly desired result,
 Through Treasurer Lloyd, learn that the pincipal of tho George Cab riel fund amounts to 5000, and that the same Is safely invested, mostly in bond end mortgage. Under the terms of the legacy, the income can only be used for the purchase of books" The Joseph F. Sheffield fund now consists l of 2s shares New York, Now Haven l and Hartford Railroad company stock, worth at present quotations about l s4.ono Other assets are the Institute l building and the library with it's fur niture and fixtures both valuable and ] desirable The voting members of the 1 institute are the legal owners, I Judge. 1 of all Its property, though part of it Is held by trustees and part by the institute itself. thus making some what divided or complicated owner ship
 The institute, [ sm most hapry to say has no permanent debt and very flaw debts of any Kind ss current hll's are promptly paid month by month I During the past year q somewhat care ful estimate vss made of the value ol our books etc as 2 result the amount of insurance on tbem was raised from four thousand dollars to eight thousand q more adequate figure, though stlll in. sufficient in case of total loss to cover their moncv value, while in the case ot some cf our out of print and reference books their loss would he irrenarahle The amount of insurance on inc build Ing itself Ia eleven thousand dollars All of the insurance is subject to ar eighty per cent co-insurance clause,
 Ny personal thanks and the gratefn anprenatinn of all institute members are due tho officers and committees o the hc ard of directors. also to the ladN members of the book review commiite, for faithful! work performed during th' year Between october of last yea and July 1 ot thls year there were heit ten regular and ono special meetings O the hoard Reports are made 3 th' monthly meetings hy the various com nitters SO that clear understandin! of tho workings of tho entire institution Is had by all its members Take, fo instance, the monthly report of tho q nance committee, which shows the eX penditures made under each heading such as heating and lighting, books reriodicals salaries, repairs, etc" lo inc month the total payments from th beginning of the fiscal year. tho amour apprepriated and balance remainini available for each for the balance a the .car. Much time. thought and labor ar freely given for the good of the caus and the institute should be constant growing source of benefit and interes to all the people of New Haven and VI cnlty
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