ANNUAL MEETING, NOVEMBER, 1926

    The Annual Meeting of the Society was held at the Algonquin Club, No. 217 Commonwealth Avenue, Boston, on Monday, November 22, 1926, at half-past six o’clock in the evening, the President, Samuel Eliot Morison, Ph.D., in the chair.

    The Records of the last Stated Meeting were read and approved.

    The Corresponding Secretary reported the death, on June 22, 1926, of Augustus George Bullock, a Resident Member; on July 16, 1926, of Henry Goddard Pickering, a Resident Member; on August 10, 1926, of Frank Warren Hackett, a Corresponding Member; and, on September 29, 1926, of William Jewett Tucker, a Corresponding Member.

    The Corresponding Secretary reported that letters had been received from Mr. Allen French and Mr. Albert Bushnell Hart, accepting Resident Membership; and from Mr. Marcus Wilson Jernegan, and Mr. Alfred Lawrence Aiken accepting Corresponding Membership.

    The President reported from the Council a recommendation that amendments to the By-Laws be adopted for the purpose of creating a new class of Associate Members to whom the requirements as to ancestry will not apply. It was voted unanimously to adopt the proposed amendments, thus changing certain sections of the By-Laws to read as follows:

    CHAPTER II

    members and dues

    Art. 1. — The number of Resident Members of the Society never shall exceed One Hundred. They shall be elected from among the citizens of Massachusetts, and shall cease to be members whenever they cease to be residents thereof. The number of Corresponding Members never shall exceed Fifty; and the number of Honorary Members never shall exceed Twenty. They shall be elected from among non-residents of Massachusetts, and shall cease to be members if at any time they become both citizens and permanent residents thereof. The number of Associate Members shall not exceed ten. They may be elected from residents or non-residents of Massachusetts.

    No person shall be eligible to Resident, Corresponding, or Honorary Membership who cannot prove, by documentary evidence satisfactory to the Council, his lineal descent from an ancestor who was a resident of the Colonies of Plymouth or the Massachusetts Bay.

    Resident Members only shall be eligible to office; only Resident Members and Associate Members resident in Massachusetts shall be entitled to vote or to take part in the business of the Society.

    Art 2. — A book shall be kept by the Recording Secretary, in which any member may enter the name of any person whom he may regard as suitable to be nominated as a Resident, Corresponding, Associate, or Honorary Member, — it being understood that each member is bound in honor not to make known abroad the name of any person proposed or nominated; but no nomination shall be made except by a report of the Council at a Stated Meeting of the Society. No nomination shall be acted upon at the same meeting to which it is reported; nor shall more than one candidate for Honorary Membership be reported at any meeting.

    Art 5. — Each Resident Member and each Associate Member resident in Massachusetts shall pay Ten Dollars at the time of his admission, and Ten Dollars each Twenty-first of November afterward, into the treasury for the general purposes of the Society; but any member shall be exempt from the annual payment if, at any time after his admission, he shall pay into the treasury One Hundred Dollars in addition to his previous payments; and all Commutations shall be and remain permanently funded, the interest only to be used for current expenses.

    Art. 6. — If any person elected a Resident Member shall neglect, for one month after being notified of his election, to accept his membership in writing and to pay his Admission Fee, his election shall be void; and if any Resident Member shall neglect to pay his Annual Assessment for six months after it shall have become due, and his attention shall have been called to this article of the By-Laws, he shall cease to be a member; but it shall be competent for the Council to suspend the provisions of this Article for a reasonable time. The provisions of this article apply also to Associate Members resident in Massachusetts.

    CHAPTER XI

    the council

    Art. 4. — It shall report, at its discretion, nominations for Resident, Corresponding, Associate, and Honorary Members, and act upon all resignations and forfeitures of membership.

    The Annual Report of the Council, written by the Rev. Dr. Charles Edwards Park, was read:

    REPORT OF THE COUNCIL

    The past year has been marked by no interruption of the comfortable routine of the Society’s life. Regular meetings have been held in the house of the American Academy of Arts and Sciences, to whom our acknowledgments for their continued hospitality are again gratefully made. Steady and worth-while work has been done, not alone in the preparation and presentation of communications, but in the extension of our list of publications.

    The Editor reports that three volumes are going through the press. Volumes XV and XVI, which are Collections, containing the Harvard College Records, on which a vast amount of patient labor has been expended by our associate Mr. Albert Matthews, may be expected to appear shortly. Volume XXVI, of Transactions, is nearly complete and should appear before many months.

    The membership of the Society has undergone a few changes. The Resident membership of Mr. Alfred Lawrence Aiken was automatically terminated by his removal from the Commonwealth. The following gentlemen have been elected to Resident membership:

    • Charles Knowles Bolton,
    • Arthur Howland Buffinton,
    • Charles Eliot Goodspeed,
    • Allen French,
    • Albert Bushnell Hart;

    and to Corresponding membership:

    • Charles Evens,
    • Henry Crocker Kittredge,
    • Alfred Lawrence Aiken,
    • Marcus Wilson Jernegan.

    Death has claimed five of our number:

    Appleton Prentiss Clark Griffin. His entire life was devoted to the service of four great libraries: The Boston Public Library, Boston Athenaeum, Lenox Library, and the Library of Congress, of which he was successively Chief Bibliographer and Chief Assistant Librarian. He was pre-eminent as a bibliographer, and especially distinguished for his wide knowledge of manuscript and other source material in the field of American history. His information was freely placed at the disposal of his associates, and of interested students. For more than thirty years a member of this Society he was a frequent and valued contributor to its Publications.

    Augustus George Bullock. One of the leading citizens of the Commonwealth, and one who devoted his life to the service of the Commonwealth in those deeper and less spectacular ways which ever characterize true service. A man of large affairs and varied interests, whose sound business judgment and practical wisdom were balanced by a natural sensitiveness to the appeal of beauty and culture and the finer sentiments of the heart.

    Henry Goddard Pickering. He was more interested in life as a whole than in any part of life; a man of balanced sympathies, whose sense of proportion never lost sight of the end in preoccupation over the means. He was conspicuous for the integrity of his nature, his love of life, his many and tenacious friendships.

    Frank Warren Hackett. He retained throughout his eighty-five years the irrepressible spirit of youth. Trained to the law, the humdrum occasions of that calling could not satisfy the strain of the daredevil in his blood, and he gravitated naturally to a position which not only exercised his abilities but also gratified his love of romance. As Paymaster in the Navy during the Civil War, and as Assistant Secretary of the Navy under President McKinley, he found congenial fields of service, which he filled with conspicuous profit to his country and genuine happiness to himself.

    William Jewett Tucker. Ex-President of Dartmouth College, whose nature may be summed up in the two words, simplicity and sincerity. He was both literally and figuratively the builder of the present Dartmouth; a man of original and forceful personality, constructive, fair minded, singularly free from pettiness and prejudice, beloved and respected alike by alumnus, faculty, and the humblest undergraduate; an earnest, straight-forward, spiritually minded leader, who dreamed great dreams and lived to see many of them realized.

    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 16, 1926.

    CASH ACCOUNT

    receipts

    Balance, November 16, 1925, Principal cash

    $2,661.60

    Income cash

    4,954.19

    $7,615.79

    Receipts of Principal:

    Interest on Warren Institution for Savings account

    $90.34

    Interest on Provident Institution for Savings account

    1.26

    Horace Everett Ware Fund:

    Balance of residue of estate

    $4.78

    Income added to Principal

    240.23

    245.01

    Subscriptions to Editor’s Salary Fund

    400.00

    Commutation from one member

    100.00

    Contributions

    5.00

    Admission Fees

    40.00

    United Electric Securities Corporation $1,000 5% Bond, due August, 1939, exchanged at $1,030

    1,030.00

    Deficit in Editor’s Salary Fund, made up from Income

    $550.00

    Total receipts of Principal

    $2,461.61

    Receipts of Income:

    Interest

    $7,556.44

    Annual Assessments

    630.00

    Sales of the Society’s Publications

    152.90

    Principal items transferred

    45.00

    Total receipts of Income

    8,384.34

    $10,845.95

    Total

    $18,461.74

    disbursements

    Disbursements of Principal:

    $2,500 United States Cold Storage Company, First Mortgage 6’s, due 1945–1946

    $2,500.00

    1,000 United Electric Securities Corporation, 42nd Series 5’s, due April, 1956, exchanged for one Bond of 30th Series 5’s, due August, 1939

    970.00

    Editor’s Salary paid and charged to Salary Fund

    1,000.00

    Interest on Warren Institution for Savings account, added to Principal

    90.34

    Interest on Provident Institution for Savings account, added to Principal

    1.26

    Principal items transferred to Income

    45.00

    Total disbursements of Principal

    $4,606.60

    Disbursements of Income:

    University Press

    $941.62

    A. W. Elson & Company

    447.47

    Folsom Engraving Company

    4.75

    Boston Storage Warehouse Company

    19.50

    Union Safe Deposit Vaults

    20.00

    Stewart, Watts & Bollong, accounting services

    250.00

    American Academy of Arts & Sciences, fuel, lights, and janitor service

    20.00

    St. Botolph Club, room for three Council Meetings

    15.00

    State Street Trust Company, interest on Loan

    13.00

    Interest accrued on bonds purchased

    30.42

    Annual dinner

    383.75

    Clerk hire

    100.00

    Thomas S. Longridge, insurance

    152.53

    Mary H. Rollins, Index to Volume 15

    11.50

    Bibliography of American Historical Writings:

    Fred N. Robinson

    50.00

    J. Franklin Jameson

    $50.00

    Editor, postage

    50.00

    Conveyancers Title Insurance Company, envelopes

    15.94

    Miscellaneous

    37.95

    Interest on Horace E. Ware Fund, added to Principal

    240.23

    Payment of loan to State Street Trust Company

    4,000.00

    Deficit in Editor’s Salary Fund, charged to Income

    550.00

    $7,403.66

    $12,010.26

    Balance, November 16, 1926, Principal cash

    $516.61

    Income cash

    5,934.87

    6,451.48

    Total

    $18,461.74

    The funds of the Society are invested as follows:

    $20,300.00

    in first mortgages payable in gold coin on improved property in Greater Boston

    105,062.50

    in bonds elsewhere described in this report having a face value of $115,000

    30.69

    on deposit in the Provident Institution for Savings in the Town of Boston

    2,076.22

    on deposit in the Warren Institution for Savings

    $127,469.41

    Total

    The Investments of the Society yield an average annual income of approximately 6% on book value.

    A Trial Balance of the accounts as of November 16, 1926, is hereto annexed and made a part of this report.

    William C. Endicott

    Treasurer

    Boston, November 16, 1926

    TRIAL BALANCE

    debits

    Cash, Principal

    $516.61

    Income

    5,934.87

    $6,451.48

    Henry Herbert Edes Memorial Fund

    3,289.63

    Provident Institution for Savings

    30.69

    Warren Institution for Savings

    2,076.22

    Mortgages

    20,300.00

    Bonds:

    $5,000

    Cedars Rapids Mfg. & Power Co., 1st Mtge. S. F. Gold 5’s, due 1953

    $4,450.00

    5,000

    Chicago Junction Railways and Union Stock Yards Company, Mortgage and Collateral Trust Ref. Gold 5’s, due 1940

    3,762.50

    5,000

    Cleveland Union Terminal Co., 1st Mtge. S. F. Gold 5½’s, Series A, due 1972

    $4,980.00

    5,000

    Detroit Edison Company, 1st and Ref. Mtge. Gold 5’s, Series A, due 1940

    4,397.50

    5,000

    Detroit Edison Company, 1st Mtge. Ref. 6’s, Series B, due 1940

    4,400.00

    4,500

    England, Walton & Company, Inc., 1st Mtge. S. F. Gold 6’s, due 1942

    4,432.50

    2,000

    Kingdom of Belgium, 1st 6’s S. F. Extension Loan, due 1955

    1,750.00

    5,000

    Minneapolis, St. Paul & S. Ste. Marie Ry. Co., 1st Mtge. Ref. 6’s, Series A, due 1946

    5,000.00

    5,000

    New England Tel. & Tel. Co., 1st Mtge. Gold 5’s, Series A, due 1952

    4,875.00

    12,000

    New River Company, 1st Mtge. and Coll. Trust 5’s, due 1934

    11,130.00

    5,000

    New York Edison Company, 1st Lien and Ref. Mtge. Gold 6½’s, Series A, due 1941

    5,000.00

    5,000

    Oregon-Wash. R. R. & Navigation Co., 1st and Ref. Mtge. 4’s, Series A, due 1961

    4,105.00

    5,000

    Pennsylvania Railroad, Equipment Trust of 1920 6’s, due 1935

    5,000.00

    5,000

    Philadelphia Company, 1st Ref. & Coll. Trust Mortgage 6’s, Series A, due 1944

    4,350.00

    5,000

    Union Pacific Railroad, Series A, Equipment Trust 7’s, due 1932

    5,000.00

    4,000

    United Electric Securities Corp., Coll. Trust S. F. 5’s, 30th Series, due 1935–1942

    3,000.00

    1,000

    United Electric Securities Corp., Coll. Trust S. F. 5’s, 42nd Series, due 1956

    970.00

    6,500

    United States Cold Storage Co., 1st Mtge. Real Estate, Chicago, Ill., Gold 6’s, due 1945–1946

    6,500.00

    20,000

    Western Tel. & Tel. Co., Coll. Trust Gold 5’s, due 1932

    16,960.00

    5,000

    Wickwire-Spencer Steel Co., 1st Mtge. S. F Prior Lien Coll. & Ref. Gold 7’s, due 1935

    5,000.00

    $105,062.50

    $115,000

    Total

    $137,210.52

    credits

    Income

    $5,934.87

    Funds:

    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

    $10,000.00

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

    $26,660.94

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

    10,000.00

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

    20,000.00

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

    10,000.00

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

    5,000.00

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

    5,000.00

    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

    2,000.00

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

    1,000.00

    Horace Everett Ware Fund, established in 1916 by a gift of $500 from him. Increased under his will by sundry installments of cash since 1919. To be accumulated and used for Massachusetts Bay Colony monument or other memorial

    4,248.86

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

    30,000.00

    Henry Herbert 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

    2,076.22

    Henry Herbert Edes Memorial Fund, established in 1923 by subscriptions

    3,289.63

    Frederick Lewis Gay Memorial Fund, established in 1925 by a gift from his widow. Permanent name and purpose of fund to be decided upon later

    2,000.00

    $131,275.65

    Total

    $137,210.52

    REPORT OF THE AUDITING COMMITTEE

    The undersigned, a Committee appointed to examine the accounts of the Treasurer for the year ending November 16, 1926, have attended to their duty, and report that they have employed Stewart, Watts & Bollong, Public Accountants and Auditors, who have found the accounts of the Treasurer correctly kept and properly vouched.

    On November 17, 1926, they personally examined the securities belonging to said Society, which are all accounted for, and also confirmed the balance of cash on hand as of November 16, 1926.

    Nathaniel T. Kidder

    George P. Anderson

    Auditing Committee

    Boston, November 19, 1926.

    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

    • ARTHUR PRENTICE RUGG
    • JAMES HARDY ROPES

    RECORDING SECRETARY

    • ARTHUR STANWOOD PIER

    CORRESPONDING SECRETARY

    • CHARLES EDWARDS PARK

    TREASURER

    • WILLIAM CROWNINSHIELD ENDICOTT

    REGISTRAR

    • ALFRED JOHNSON

    MEMBER OF THE COUNCIL FOR THREE YEARS

    • LAWRENCE SHAW MAYO

    After the meeting was dissolved, dinner was served. The guests of the Society were Messrs. Lawrence Fraser Abbott, Philip Andrews, Charles Francis Dorr Belden, Albert Jeremiah Beveridge, Harold Hitchings Burbank, Joseph Payson Clark, Louis Aleck Craig, John Henry Edmonds, Barend Faddegon, Jeremiah Denis Matthias Ford, Charles Burton Gulick, James Morgan, Arthur Meier Schlesinger, and Kenneth Grant Tremayne Webster. President Morison presided.