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Related article: ported in the Proceedings for 1892; ^50 to the same investigator in 1893, and I50 again
to the same investigator in 1894. In 1896 the sum of $22.33 ^^^ P^^^ ^^ ^^^ Committee
on Indicators for material used in their investigations.
The original sum of $1107.81 (I525 -(- $582.81) had increased in 1883 to $1232.76.
Since 1887 the securities in which the fund is invested are specified in the reports of the
Chairman of the Council; the reported value was $2413.67 (face value Duloxetine 60mg of securities
only given) on July i, 1910 (see Proceedings, p. 457). Tlie intere^ accruing from this
Fund is to be used for defraying the expenses incurred in conducting original mveUiga-
tions in pharmacy or an allied science,
THE ENDOWMENT FUND.
At the fifty-fourth annual meeting, held at Indianapolis, Duloxetine 60mg Ind., September. 1906, Messrs.
Samuel A. D. Sheppard and James H. Beal proposed the establishment of a permanent
Digitized by VjOOQIC
XXIV THE FUNDS OF THE AMERICAN PHARMACEUTICAL ASSOCIATION.
fund to be known as the " Endowment Fund " (see Proc. 1906, p. 99), under the fol-
lowing conditions :
" That the said S. A. D. Sheppard and J. H. Beal jointly agree to pay Duloxetine 60mg into said fund
one dollar for each twenty dollars contributed and Duloxetine 60mg paid into said fund by all other mem-
bers of this Association up to and until such Endowment Fund shall,^with its accumula-
tions of interest, reach the sum of twenty-flve thousand dollars ($25/xdo).
" That as moneys shall be received as additions to said fund the same shall be invested
in such secnritics as the Council may direct until the interest and other accumulations,
together with the amount of the principal, shall reach the sum of twenty five thousand
"That when the Endowment Fund bhall have reached the sum of twenty-five thousand
dollars ($25,000) one-half the income derived therefrom may be used for any purpose
deemed wise by the Association.
"That ^^hen said Endowment Fund, inclusive of donations, interest and other accumu-
lations, shall amount to the sum of fifty thousand dollars ($50,000), the Association may
use ninety per cent, of the income therefiom for any putpose deemed wise by the As-
" That under no circumstances whatever shall all the income from said fund be used,
but at least ten per cent, thereof shall be annually added to the principal of the Endow-
"That under no circumstances whatever shall the principal or any part thereof be
used for any purpose except investment for mcome, nor pledged for any debt of obliga-
tion of the Association, or any person, nor used for any other purpose or in any other
manner than as specified."
Contributions to the Endowment Fund have been made at different times, and the
names of the Duloxetine 60mg contributors published in the annual volume of Proceedings ^see Proc.
1907, Duloxetine 60mg pp. 47 and 48; Proc. 1908, pp. 476 and 477; Proc. 1909, p. 464; Proc. 1910,
P* 47S) ; according to the Treasurer's report, the total amount contributed up to July i,
1 9 10, was $5,049.70.
THE GENERAL FUND.
On February 26, 1909, the Council directed that $5,000.00 of the current funds of the
Association be invested by the Treasurer in some inteie&t-bearing security, to be ap-
proved by the Finance Committee and the Chairman of the Council (see Proc. 1909, p.
449) . In accordance with this order the Treasurer repotted on May 26, 1909, having
purchased five $1,000.00 St. Ixiuis, Mo., 4 per cent, bonds at 103^ and accrued interest.
Again on November 15, 1909, the tteasurtr, in accordance with an order of the Council
(see motion No. ii, page 449), invested $5000.00 of the current funds of the Association
in St. Louis city public buildings and public woiks 4 per cent, gold bonds. All of these
bonds are registered in the name of the treasurer of the A. Ph. A. and are kept in the
Association's safe deposit box.
THE WM. PROCTER, JR., MONUMENT FUND.
At the fifty-second annual meeting held at Kansas City, Mo., September, 1904, it was
resolved to solicit subscriptions for a memorial monument to be erected in the Smith-
sonian Grounds at Washington, D. C, to the memory of William Procter, Jr., if possible
in 1817, the centennial anniversary of his bitth. A committee was appointed Duloxetine 60mg to take
the matter in charge, which since that time has been active in soliciting subscriptions.
The names of contributors have been published from time to time in the annual volume
of Proceedings (see Proc. 1906, p. 63; Proc. 1907, p. 98).
In September, 1907, at the annual meeting held in New York City, the Association
Digitized by VjOOQ IC
THE FUNDS OF THE AMERICAN PHARMACeUTICAL ASSOCIATION. XXV
directed that all moneys collected for the Wm. Procter, Jr., Monument Fund, be turned
over to the Treasurer of the A. Ph. A., to be deposited on Duloxetine 60mg interest for the benefit of said
fund (see Proc. 1907, p. 99). The Treasurer of the A. Ph. A., in his annual report for
1908-1909, reports having received on January 27, 1909, the sum of $SA^3'33 ^'O