Annual Meeting

    November, 1934

    THE Annual Meeting of the Society was held at the Algonquin Club, No. 217 Commonwealth Avenue, Boston, on Wednesday, November 21, 1934, at a quarter after seven o’clock in the evening, the President, Samuel Eliot Morison, in the chair.

    With the consent of those present, the reading of the records of the last Stated Meeting was omitted.

    The Corresponding Secretary reported the death, on August 25, 1934, of Emile Bourgeois, an Associate Member; and on November 9, 1934, of William Lawrence Clements, a Corresponding Member.

    Mr. Raymond Walker Stanley, of Boston, was elected a Resident Member; Mr. Wilfred Joseph Doyle, of Boston, was elected an Associate Member; and Mr. George Macaulay Trevelyan, of Cambridge, England, was elected an Honorary Member of the Society.

    The Annual Report of the Council was read by Dr. James L. Huntington on behalf of Mr. Robert Walcott.

    Report of the Council

    DURING the last year the Society has held three stated meetings: in December, at the house of Mr. Augustus P. Loring, Jr.; in February, at the house of the President; and in April, at the house of Mr. Alfred M. Tozzer, in Cambridge. The year has been rich in papers of interest and value, ranging in point of time from the early fishermen in the land of Baccalaos to the present-day restoration of colonial Williamsburg.

    During the past year the following members have been elected:


    • Joseph Henry Beale
    • Paul Birdsall
    • Jeffrey Richardson Brackett
    • Chandler Bullock
    • Hon. Fred Tarbell Field
    • Hermann Frederick. Clarke
    • Albert Harrison Hall
    • Clarence Eldon Walton
    • Alfred Vincent Kidder


    • Milton Ellis
    • John Farquhar Fulton


    • Hon. Franklin Delano Roosevelt
    • Charles Franklin Thwing

    We have lost by death the following Members:

    Harold Murdock, Resident, 1909, died April 5, 1934; interested in the Society throughout his twenty-five years of membership, and constant in his attendance; brilliant and stimulating. After a successful career as a banker, he reverted in later life to those historical studies which were his first love, as evidenced in his Reconstruction of Europe, written during his residence abroad during his early twenties. His wide and accurate knowledge of history, especially that of the latter part of the eighteenth century in England and in this country, was enlivened by an incisive style and pungent wit. In 1919 and 1920, he was a member of a committee appointed by President Lowell to reorganize the finances of Harvard University, and from that time until his death he served as Director of the Harvard University Press.

    Hosea Ballou Morse, Corresponding, 1929, died February 13, 1934. His career was in the Chinese customs service. He was an authority on the history of China, writing many books and pamphlets on that subject, notably, International Relations of the Chinese Empire and The History of the British East India Company in China.

    William Lawrence Clements, Corresponding, 1928, died November 9, 1934; noted for his collection of colonial historical material, which he gave, with a building to house it, to the University of Michigan, of which he was a Regent.

    Emile Bourgeois, Associate, 1927, died August 25, 1934. His reputation was made in the field of foreign policy, but after the exigencies of war had given him an appointment as Conservateur of the National Porcelain Manufactory at Sèvres, he made himself an authority on the history of art. A beautiful writer, brilliant lecturer and teacher, he gave much of his time to helping young Americans studying in Paris.

    Volumes XXIX and XXX of our Publications, consisting of the Records of the Suffolk County Court for the years 1671–1680, were ready for distribution shortly after the last Annual Meeting, and have been extensively and favorably reviewed, as the following extracts show:

    The many striking features present in the legal history of Massachusetts amply justify the care which has been bestowed upon the text; and here, as in other lands and other periods, the critical moment when legal institutions are just taking form is of high significance not only to the specialist but also to the general historian … Legal historians will be grateful to the Colonial Society for its handsome contribution.… Theodore F. T. Plucknett, New England Quarterly, vii. 586–587.

    In editing the two volumes of records of the Suffolk County Court, the Colonial Society of Massachusetts has made a contribution of the first importance to the legal history of the seventeenth century. It is a joy to work with the careful index which has been provided. Richard B. Morris, American Historical Review, xl. 136–137.

    Abundant and valuable as are the facts gathered in these volumes, it is possible that a greater contribution may lie in the mere example of thoroughness and completeness in the work. In the reproduction of the old judicial records of the country it should be possible to maintain a high standard, such, for instance, as that of the Selden Society Publications, but it is possible to fall far short of it … here the editor and the writer of the introduction have started the project on a high level, and their work is an example of great price. Chief Justice Carroll T. Bond, Harvard Law Review, lxvii. 1291.

    All in all, the reviewer considers these volumes two of the most interesting books on American colonial history that it has ever been his pleasure to study. George E. Woodbine, Yale Law Journal, xliii. 1043.

    These two momentous volumes … keep to the highest plateau of skill and craftsmanship in form and content.… A group of stars have done a successful bit of teamwork. Sayre Macneil, California Law Review, xxii. 590.

    These two volumes are superbly bound, the paper is good, and the typography leaves little to be desired. The Colonial Society of Massachusetts in publishing these judicial records has made its debtor everyone who is interested in American legal history.… This reviewer ventures the fond hope and fervent prayer that the superb example set by this Society may prove immediately and effectively contagious. Armistead M. Dobie, Virginia Law Review, xx. 717.

    One serial of Volume XXVIII, continuing the Transactions of the Society, was issued during the spring, and Volume XXXI, containing various Harvard College documents, is in page proof.

    The Society continues to contribute to the expenses of publication of the New England Quarterly.

    The Treasurer submitted his Annual Report, as follows:

    Report of the Treasurer

    In accordance with the requirements of the By-laws, the Treasurer submits his Annual Report for the year ending November 14, 1934.

    Statement of Assets and Funds, November 14, 1934






    Loan to Principal



    Investments at Book Value:    

    Bonds (Market Value $97,443.75)



    Stocks (Market Value $30,802.50)






    Savings Bank Deposits



    Total Assets










    Total Funds



    Investments as of November 14, 1934

    BONDS Book Value  

    $3,000 Atchison, Topeka and Santa Fe Railway Company General 4’s, 1995



    5,000 Bell Telephone Company of Canada First 5’s, Series B, 1957



    5,000 Canadian Pacific Railway Equipment Trust 5’s, 1944



    5,000 Cedars Rapids Manufacturing and Power Company First 5’s, 1953



    5,000 Central New England Railway Company First 4’s, 1961



    5,000 Central Pacific Railway Company First and Refunding 4’s, 1949



    5,000 Chester Water Service Company First 4½’s, 1958



    5,000 Chicago and Western Indiana Railway Company Consolidated 4’s, 1952



    5,000 Chicago Junction Railways and Union Stock Yards Company Mortgage and Collateral Trust Refunding 5’s, 1940



    5,000 Cleveland, Cincinnati, Chicago and St. Louis Railway Company Refunding and Improvement 4½’s, Series E, 1977



    5,000 Indianapolis Power and Light Company First 5’s, 1957



    5,000 Minneapolis, St. Paul and Sault Ste. Marie Railway Company First Refunding 6’s, Series A, 1946



    5,000 New England Telephone and Telegraph Company First 5’s, Series A, 1952



    5,000 New York Water Service Company First 5’s, 1951



    5,000 Oregon-Washington Railroad and Navigation Company First and Refunding 4’s, Series A, 1961



    5,000 Public Service Company of New Hampshire First and Refunding 4½’s, Series B, 1957



    5,000 Texas Corporation Convertible Debenture 5’s, 1944



    5,000 Texas Electric Service Company First 5’s, 1960



    5,000 Toledo Edison Company First 5’s, 1962



    2,500 United States Cold Storage Company First Mortgage 6’s, 1946



    4,000 United States Cold Storage Company First Mortgage 6’s, 1945



    5,000 Western Union Telegraph Company 5’s, 1960



    5,000 Wickwire Spencer Steel Company Prior Lien Collateral and Refunding 7’s, 1935, Certificate of Deposit



    Total Bonds




    50 shares American Telephone and Telegraph Company



    50 shares Consolidated Gas Company of New York, Common



    100 shares Electric Bond and Share Company Cumulative $6.00 Preferred



    50 shares E. I. Du Pont de Nemours and Company



    50 shares First National Bank of Boston



    1 share First National Bank of the City of New York



    240 shares General Electric Company, Common



    50 shares Insurance Company of North America



    40 shares Radio Corporation of America, Common



    5 shares Travelers Insurance Company



    50 shares United States Cold Storage Company, 7% Preferred “A”



    50 shares United States Cold Storage Company, Common


    Total Stocks



    First mortgages on improved property in Greater Boston



    Deposit in Warren Institution for Savings



    Deposit in Provident Institution for Savings



    Total Investments



    Composition of Funds, November 14, 1934

    Publication Fund, established in 1893 by gift of $100 from Quincy Adams Shaw: composed of sundry small gifts and portions of the Income which were added from year to year. Income only to be used for Publications


    General Fund, established in 1893: composed of Admission Fees and Commutations added to Principal, Gains on Sales of Securities, etc. Income only to be used for Current Expenses


    Benjamin Apthorp Gould Memorial Fund, established in 1897 and 1898 by subscriptions in his memory. Income only to be used


    Edward Wheelwright Fund, established in 1900 under his will without restriction as to use


    Robert Charles Billings Fund, established in 1903 under his will. Income only to be used for Publications


    Robert Noxon Toppan Fund, established in 1904 by a gift in his memory from his widow. Income only to be used


    Robert Charles Winthrop, Jr., Fund, established in 1905 under his will. Increased by $2,000 in 1924 under the will of Elizabeth Winthrop. Income only to be used


    Andrew McFarland Davis Fund, established in 1908 by a gift from him to be added to the permanent publication funds. Income only to be used


    William Watson Fund, established in 1916 under his will without restriction as to use


    George Vasmer Leverett Fund, established in 1920 under his will. Income only to be used for Publications


    Henry H. Edes Bequest, established in 1923 under his will. To accumulate until it reaches the sum of $3,000, when it shall be called the Martha Rebecca Hunt Fund. Income only to be used for special purposes


    Henry H. Edes Memorial Fund, established by sundry subscriptions from 1923 to 1925. To accumulate until it reaches the sum of $10,000. Income only to be used for Publications


    George Nixon Black Fund, established in 1929 under his will without restriction as to use


    Total Funds


    Changes in Principal of Funds

    Total Funds, November 14, 1933



    Add—Additions to General Fund:    

    Gain on sale of $2,000 Atchison, Topeka and Santa Fe Railway Company 4’s, 1995



    Savings Bank Interest transferred from Income


    Additions to Special Funds:    

    Henry H. Edes Memorial Fund



    Henry H. Edes Bequest





    Deduct—Charges to Special Funds:    

    Balance of Horace Everett Ware Fund transferred to First Church in Boston



    Total Funds, November 14, 1934



    Income Cash Receipts and Disbursements

    Balance, November 14, 1933










    Annual Assessments



    Admission Fees



    Sales of the Society’s Publications






    Refund of 1932 tax on Alum Mortgage (see contra)



    Total Receipts of Income






    Editor’s Salary



    Services to Editor



    For Publications:


    Volume 28



    Volumes 29 and 30



    Volume 31




    New England Quarterly



    Annual Dinner



    Notices and Other Expenses of Meetings



    Stewart, Watts and Bollong, accounting services



    Stenographic Services



    Storage on Stock



    Accrued Interest on Securities Purchased



    1932 Tax on Alum Mortgage (see contra)



    Fire Insurance



    Rent of Union Safe Deposit Box



    Contribution to Writings on American History



    Postage and Insurance on Collecting Union Pacific Railroad Company Bonds



    Collection Charges



    Check Tax



    Interest on Henry H. Edes Memorial Fund added to Principal



    Total Disbursements of Income



    Balance of Income Cash, November 14, 1934



    Principal Cash Receipts and Disbursements

    Loan to Principal, November 14, 1933





    $2,000 Union Pacific Railroad Company Equipment Trust 7’s, matured June 1, 1934



    2,000 Atchison, Topeka and Santa Fe Railway Company General 4’s, 1995



    First and Final Payment by the First National Bank of the City of New York in liquidation of First Security Company



    Transferred from Income to Principal:


    Henry H. Edes Memorial Fund, Income



    Interest on Warren Institution for Savings Account



    Interest on Provident Institution for Savings Account



    Total Receipts of Principal






    $3,000 Cleveland, Cincinnati, Chicago and St. Louis Railway Company 4½’s Series E, 1977



    Horace Everett Ware Fund, Balance transferred to First Church in Boston



    Interest on Warren Institution for Savings Account, added to Principal



    Interest on Provident Institution for Savings Account, added to Principal



    Total Disbursements of Principal



    Loan to Principal, November 14, 1934



    James M. Hunnewell


    Report of the Auditing Committee

    The undersigned, a Committee appointed to examine the accounts of the Treasurer for the year which ended November 14, 1934, have attended to their duty by employing Messrs. Stewart, Watts and Bollong, Public Accountants and Auditors, who have made an audit of the accounts and examined the securities on deposit in Box 1052-E in the Union Safe Deposit Vaults.

    We herewith submit their report, which has been examined and accepted by the Committee.

    George P. Anderson

    Nathaniel T. Kidder

    Auditing Committee

    The several reports were accepted and referred to the Committee of Publication.

    On behalf of the committee appointed to nominate officers for the ensuing year the following list was presented; and a ballot having been taken, these gentlemen were unanimously elected:

    • President Samuel Eliot Morison
    • Vice-Presidents Hon. Arthur Prentice Rugg
      • Chester Noyes Greenough
    • Recording Secretary Augustus Peabody Loring, Jr.
    • Corresponding Secretary Hon. Robert Walcott
    • Treasurer James Melville Hunnewell
    • Registrar Robert Dickson Weston
    • Member of the Council for Three Years Stephen Willard Phillips

    After the meeting was dissolved, dinner was served. The guests of the Society were: Dr. Reginald Fitz, Mr. Robert H. George, Mr. Jerome D. Green, Professor Frank W. C. Hersey, the Reverend Arthur L. Kinsolving, Mr. John D. Merrill, Professor Eugen Rosenstock, Professor Gaetano Salvemini, Mr. Raymond W. Stanley, and Mr. Albert Thorndike.

    After the dinner, Professor Salvemini addressed the Society and its guests.