the Committee on Museums. \a/e call this to your especial attention, and we hope that many members of the Institute will make it convenient to visit the building, during the daytime, and examine the many beautiful models that the Committee on Museums have recently placed on exhibition. Some of these are exceedingly valuable historically, and each is an example of the finest product of the model maker's skill.
The report of the Committee on Science and the Arts is, as always, interesting, and shows that the work of the committee is well kept up. Medals have been awarded this year to some of the most distinguished scientists of the world, and have been received with expressions of high appreciation.
Your Board have great pleasure in calling your attention to the improvement in the financial condition of the Institute. Although our income from dues and endowment is still less than our expenditures in the prosecution of the Institute's work, the difference is now gradually diminishing from year to year.
The Building Fund still grows slowly, and we cannot venture to prophesy when it will be sufficient to justify us in the purchase of land and the erection of a new building. In the meantime, these old walls, which have echoed in their day the voices of the "foremost scientists of the world, and are still, from month to month, sheltering guests who bring to us the best scientific thought of the world, are proving sufficient to our needs, though, through their relatively inaccessible location, somewhat limiting the usefulness of our activities to the citizen and to the State.