for similar purposes as those intended to be accomplished by this act, whenever the object to be secured or purpose sought to be accomplished is within the jurisdiction of this and any other State, or can only be attained by such joint action. § 7. This act shall take effect immediately. FINANCES. The Society is maintained by membership dues, the income from the Andrew H. Green Memorial Fund of $10,000, and occasional small donations. There are four classes of membership: Annual members pay $5 annually; sustaining members pay $25 annually; life members are those who have contributed $100 at one time; and patrons are those who have given $500 or more in property or money at one time. The income from these sources has always been limited and inadequate to the demands of the work. The total income during the year ended December 31, 1907, was $3,486.33, and the total disbursements, $3,458.23, leaving a balance on hand January 1, 1908, of $28.10. For its general work the Society receives no financial assistance from the State. Moneys appropriated by the State are applied exclusively upon the properties of the State without any charge by the Society for its executive services, and duly accounted for to the proper State officers. Detailed statements of the disbursement of State funds since our last annual report are given in the following pages. ANDREW H. GREEN MEMORIAL FUND. As stated in our last annual report, the Society received from the heirs of the late Hon. Andrew H. Green, by deed of gift dated November 12, 1906, and delivered January 8, 1907, the sum of $10,000 to constitute or be the nucleus of a fund to be called the Andrew H. Green Memorial Fund. The terms of the deed of gift require the principal to be invested permanently, the income therefrom to be devoted to the promotion of the objects of the Society. The deed further requires that "Each and every report to the Legislature of the State of New York of the statement of the affairs of the party of the second part, as required by its charter, shall contain a concise statement of the purposes and objects upon which the income from said fund has been expended since the time of the last preceding report." In August, 1907, the principal was invested in 4 per cent. gold bonds of the city of New York. The total income from the fund during the past year, from interest on deposits before investment and from interest on bonds since investment, has been $330.77 and has been disbursed for the following purposes: 1907. Jan. 13. Polhemus Printing Co., 2,000 envelopes 13. Polhemus Printing Co., 2,000 Letchworth 13. Polhemus Printing Co., addressing and 13. Postage on same. $6.50 43 10 7 60 20 00 July 24. Tiffany & Co., engraving corporate seal.. 100 00 6 75 Oct. 29. J. B. Lyon Co., 200 extra copies Annual Report 60 00 29. Boyd's City Dispatch, delivering part of 21 78 29. Postage on part of Annual Reports.... 22. 14 Total .. $330 77 We renew the expression of our hope that appreciation of Mr. Green's great public services, and of the value of this Society as the instrumentality planned by him to carry out some of his most cherished ideas for the public welfare, may lead to the augmentation of this fund, or the establishment of similar funds for the carrying on of its growing work. STONY POINT BATTLEFIELD STATE RESERVATION. The Stony Point Battlefield State Reservation consists of thirtyfour acres of land on the peninsula of Stony Point on the west shore of the Hudson river, twelve miles south of West Point Military Academy. It is in the custody of this Society. For the purchase, improvement and maintenance of the reservation the State has thus far appropriated the following sums: Year. Law. 1897 764 Purchase* 1900 408 Improvement and maintenance. Improvement and maintenance. Amount. $21,500 00 3,500 00 3,600 00 6,600 00 600 00 2,500 00 600 00 1906 686 1906 686 In addition to which the Society has spent about $5,000 of its own funds in improvements, dedication and oversight. The principal improvements made since 1900 have been as follows: Driveways: Right of way, 1,989 feet; other drives, 4,050 feet; total, 6,039 feet. * Paths: 2,200 feet. Chapter 764 of the Laws of 1897 appropriated $25,000 for the purchase of Stony Point, but only $21,500 was required. The balance was reappropriated by chapter 408 of the Laws of 1900. |