Atchison, Tope. & Santa Fé R. R. Co., Gen. Mortgage, 4 per cent., $1,540.00 Chicago & East. Ill. R. R. 5 per cent., 10,000.00 4,000.00 Congress Hotel Bonds, Chic., 6 p. ct., 5,000.00 Low., Law. & Hav. St. Ry.Co., 5 per ct., 8,620.00 Carried forward, . 4,000.00 $114,637.61 $110,960.00 $127,780.00 4,200.00 Brought forward,. . $114,637.61 $110,960.00 $127,780.00 Hoosier Equipment Co., 5 per cent., 5,000.00 5,000.00 5,000.00 Père Marquette R. R. Co., 4 per cent., 5,000.00 5,000.00 5,000.00 $124,637.61 $120,960.00 $137,780.00 Notes secured by mort. of real estate, 24,300.00 24,300.00 24,300.00 Deposited in Worcester savings banks, 38.67 Cash in National Bank on interest, . . 891.59 38.67 891.59 38.67 891.59 $149,867.87 $146,190.26 $163,010.26 WORCESTER, Mass., October 7, 1904. Respectfully submitted, NATH'L PAINE, Treasurer. The undersigned, Auditors of the American Antiquarian Society, hereby certify that they have examined the report of the Treasurer, made up to October 7, 1904, and find the same to be correct and properly vouched; that the securities held by him are as stated, and that the balance of cash, as stated to be on hand, is satisfactorily accounted for. A. G. BULLOCK. BENJAMIN THOMAS HILL. October 17, 1904. REPORT OF THE LIBRARIAN. THE first librarian's report in the New Series of the Society's Proceedings was prepared for the annual meeting of October, 1880, by Samuel Foster Haven, LL.D., beloved both as scholar and librarian. It was followed in April and October, 1881, and April and October, 1882, by my own as assistant librarian. From April, 1883, to October, 1903, inclusive, I have submitted a semi-annual report for your consideration. This is the first annual report under the vote of the Council, October 20, 1903, "That the librarian be permitted to make his report annually unless he has occasion to send in a special communication." Your attention has been called from time to time to the weak and the strong departments in our storehouse of American history. It is desired that in this report these facts may be grouped as they appear in the light of today. A brief statement under each of the book funds is therefore offered. Two funds existed when the present librarian entered your service, April 1, 1866: The Librarian's and General Fund, to be used for the purchase of books as well as for the purposes suggested by its name; and the Collection and Research Fund, to be used primarily as its title indicates, but also for the increase of the library and cabinet. The Isaac and Edward L. Davis Fund was established by Colonel Davis of our Council in January, 1868, and increased by his son, Councillor Edward L. Davis, in April, 1891. It was originally designed to secure printed matter relating to North America south of the United States; but Colonel Davis, at the request of the assistant libra rian, extended the field by allowing the word North to be stricken out. While thus far Spanish North America has been given the preference, much South American history in English, French and Spanish has been added. to the Davis Spanish-American alcove. The large amount now available need not be expended hastily, but a special effort should be made in home and foreign markets to supply our needs in Cuban, Hawaiian, Panamaian, Philippine and Porto Rican history. The Benjamin F. Thomas Local History Fund was not established until February, 1879; but Judge Thomas had been interested in this department of history for many years and had added thereto material of marked value. His special purpose, which was to strengthen our collection of the local histories of New England, was fostered by occasionally supplying him with lists of those needs. This fund, which bears the name of a Vice-President of the Society, who was a grandson of its founder, should be liberally increased as a memorial to one of the Society's brightest and best friends. The Haven Fund, established by one of the great librarians of America, has been used for the purchase of the best contributions to the history of our country. Works of this class-many of them author's copies-have been transferred to the Haven alcove by the widow of Dr. Haven, who kindly holds the remainder of his library subject to the pleasure of the Society. The Chandler Fund though small has added for twenty years to the alcove of family history many books which are now out of the market and therefore very difficult to secure. By the sale of copies of the second edition of Dr. Chandler's history of the Chandler Family, a limited amount has been added to the fund. There remain ninetyfour copies of this volume, which should yield about one thousand dollars. We need a large fund to keep up this popular department of the library, to which additions |