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The Biological Bulletin

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The Biological Bulletin Vol. LI July, 1926 No. i BIOLOGICAL BULLETIN THE MARINE BIOLOGICAL LABORATORY. TWENTY-EIGHTH REPORT FOR THE YEAR 1925 THIRTY- EIGHTH YEAR. I. TRUSTEES AND EXECUTIVE COMMITTEE (AS OF AUGUST n, 1925) i LIBRARY COMMITTEE 3 II. ACT OF INCORPORATION 3 III. BY-LAWS OF THE CORPORATION 4 IV. REPORT OF THE TREASURER 5 Y. REPORT OF THE LIBRARIAN 10 VI. REPORT OF THE DIRECTOR 17 Statement 1 7 Addenda: 1. The Staff, 1925 . 40 2. Investigators and Students, 1925. ... 43 3. Tabular View of Attendance 5 1 4. Subscribing and Cooperating Institutions, 1925 52 5. Evening Lectures, 1925 53 6. Members of the Corporation 54 I. TRUSTEES. (AS OF AUGUST II, 1925.) EX OFFICIO. FRANK R. LILLIE, Director and President of the Corporation, The Uni- versity of Chicago. MERKEL H. JACOBS, Associate Director, The University of Pennsyl- vania. V.irk LAWRASON RIGGS. JR., Treasurer, 25 Broad Street, Ni-\v City. GARY X. CALKINS, Clerk of the Corporation, and Secretary of the Board of Trustees, Columbia University. EMERITUS. / ^ CORNELIA M. CLAPP, Mount Holyoke College. OILMAN A. DREW, Eagle Lake, Florida. 1 i MARINE BIOLOGICAL LABORATORY. TO SERVE UNTIL 1929. C. R. CRANE, New York City. I. F. LEWIS, University of Virginia. R. S. LILLIE, The University of Chicago. E. P. LYON, University of Minnesota. C. E. McCLUNG, University of Pennsylvania. T. H. MORGAN, Columbia University. L). H. TENNENT, Bryn Mawr College. E. B. WILSON, Columbia University. TO SERVE UNTIL 1928. H. 11. DONALDSON, YYistar Institute of Anatomy and Biology. \Y. E. GARREY, Tulane University. CASWELL GRAVE, Washington University. M. J. GREENMAN, Wistar Institute of Anatomy and Biology. R. A. HARPER, Columbia University. A. P. MATHEWS, The University of Cincinnati. G. H. PARKER, Harvard University. C. R. STOCKARD, Cornell University Medical College. TO SERVE UNTIL 1927. II. C. BUMPUS, Brown University. II. E. CRAMPTON, Barnard College, Columbia University. YY. C. CURTIS, University of Missouri. GEORGE T. MOORE, Missouri Botanical Garden, St. Louis. YY. J. V. OSTERHOUT, Member of the Rockefeller Institute for Medical Research. J. R. SCHRAMM, University of Pennsylvania. WILLIAM M. WHEELER, Bussey Institution, Harvard University. LORANDE L. WOODRUFF, Yale University. TO SERVE UNTIL 1926. E. G. CONKLIN, Princeton University. OTTO C. GLASER, Amherst College. Ross G. HARRISON, Yale University. U.S. JENNINGS, Johns Hopkins University. F. P. KNOWLTON, Syracuse University. M. M. METCALF, Oberlin, Ohio. WILLIAM PATTEN, Dartmouth College. W. B. SCOTT, Princeton University. ACT OF INCORPORATION. EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. FRANK R. LILLIE, Ex. Off. Chairman. MERKEL H. JACOBS, Ex. Off. LAWRASON RIGGS, JR., Ex. Off. E. G. CONKLIN, to serve until 1926. C. R. STOCKARD, to serve until 1926. I. F. LEWIS, to serve until 1927. T. H. MORGAN, to serve until 1927. THE LIBRARY COMMITTEE. C. E. McCLUNG, Chairman. M. M. METCALF. J. R. SCHRAMM. E. E. JUST. ROBERT A. BUDINGTON. CHARLES J. FISH. A. H. STURTEVANT. ALFRED C. REDFIELD. II. ACT OF INCORPORATION. No. 3170 COMMONWEALTH OF MASSACHUSETTS. Be It Known, That whereas Alpheus Hyatt, William Sanford Stevens, William T. Sedgwick, Edward G. Gardiner, Susan Minns Charles Sedgwick Minot, Samuel Wells, William G. Farlow, Anna D. Phillips and B. H. Van Yleck have associated themselves with the intention of forming a Corporation under the name of the Marine Biological Laboratory, for the purpose of establishing and maintain- ing a laboratory or station for scientific study and investigation, and a school for instruction in biology arid natural history, and have complied with the provisions of the statutes of this Commonwealth in such case made and provided, as appears from the certificate of the President, Treasurer, and Trustees of said Corporation, duly approved by the Commissioner of Corporations, and recorded in this office; Now, therefore, I, HENRY B. PIERCE, Secretary of the Commonwealth of Massachusetts, do hereby certify that said A. Hyatt, W. S. Stevens, W. T. Sedgwick, E. G. Gardiner, S. Minns, C. S. Minot, S. Wells, W. G. Farlow, A. D. Phillips, and B. H. Van Yleck, their associates 4 MARINE BIOLOGICAL LABORATORY. and successors, are legally organized and established as, and are hereby made, an existing Corporation, under the name of the MARINE BIOLOGICAL LABORATORY, with the powers, rights, and privi- leges, and subject to the limitations, duties, and restrictions, which by law appertain thereto. Witness my official signature hereunto subscribed, and the seal of the Commonwealth of Massachusetts hereunto affixed, this twentieth day of March, in the year of our Lord One Thousand, Eight Hundred and Eighty-Eight. [SEAL] HENRY B. PIERCE, Secretary of the Commonwealth. III. BY-LAWS OF THE CORPORATION OF THE MARINE BIOLOGICAL LABORATORY. I. The annual meeting of the members shall be held on the second Tuesday in August, at the Laboratory, in Woods Hole, Mass., at 12 o'clock noon, in each year, and at such meeting the members shall choose by ballot a Treasurer and a Clerk, who shall be, ex officin, members of the Board of Trustees, and Trustees as hereinafter pro- vided. At the annual meeting to be held in 1897, not more than twenty-four Trustees shall be chosen, who shall be divided into four classes, to serve one, two, three, and four years, respectively, and thereafter not more than eight Trustees shall be chosen annually for the term of four years. These officers shall hold their respective offices until others are chosen and qualified in their stead. The President of the Corporation, the Director and the Associate Director of the Laboratory, shall also be Trustees, ex officio. II. Special meetings of the members may be called by the Trustees to be held in Boston or in Woods Hole at such time and place as may be designated. III. The Clerk shall give notice of meetings of the members by publication in some daily newspaper published in Boston at least fifteen days before such meeting, and in case of a special meeiin- the notice shall state the purpose for which it is called. IV. Twenty-five members shall constitute a quorum at any meeting. Y. The Trustees shall have the control and management ut the affairs of the Corporation; they shall present a report of its condition at every annual meeting; they shall elect one of their number PIVM- dent of the Corporation who shall also be Chairman of the Board of THE REPORT OF THE TREASURER. 5 Trustees; they shall appoint a Director of the Laboratory; and they may choose such other officers and agents as they may think best; they may fix the compensation and define the duties of all the officers and agents; and may remove them, or any of them, except those chosen by the members, at any time; they may fill vacancies occurring in any manner in their own number or in any of the offices. They shall from time to time elect members to the Corporation upon such terms and conditions as they may think best. VI. Meetings of the Trustees shall be called by the President, or by any two Trustees, and the Secretary shall give notice thereof by written or printed notice sent to each Trustee by mail, postpaid. Seven Trustees shall constitute a quorum for the transaction of business. The Board of Trustees shall have power to choose an Executive Com- mittee from their own number, and to delegate to such Committee such of their own powers as they may deem expedient. VII. The accounts of the Treasurer shall be audited annually by a certified public accountant. VIII. The consent of every Trustee shall be necessary to dissolu- tion of the Marine Biological Laboratory. In case of dissolution, the property shall be disposed of in such manner and upon such terms as shall be determined by the affirmative vote of two-thirds of the Board of Trustees. IX. These By-laws may be altered at any meeting of the Trustees, provided that the notice of such meeting shall state that an alteration of the By-laws will be acted upon. X. Any member in good standing may vote at any meeting, either in person or by proxy duly executed. IV. THE REPORT OF THE TREASURER. To THE TRUSTEES OF THE MARINE BIOLOGICAL LABORATORY. Gentlemen: I beg to submit my report as treasurer for the year 1925. The books have been audited by Messrs. Harvey S. Chase & Company, Certified Public Accountants. A copy of their report is on file at the Laboratory and is open to inspection of any member of the Corporation. The principal of the Endowment Fund at the close of the year consisted of securities of the book value of $905,452.50 and cash 6 MARINE BIOLOGICAL LABORATORY. $454.50. The income from the Endowment Fund was $46,276.21 and the fee of the Trust Company as Trustee was $787.50, leaving a net income of $45,488.71, or a little over 5 per cent, on the total fund. A full list of the securities will be found in the Auditor's report. The securities in the Lucretia Crocker Fund are the same as reported last year and of the book value of $4,011.17, and there is a balance in cash of $487.04. The land, buildings, library and equipment of the Laboratory, excluding the Gansett and Devil's Lane property represents an investment of $1,234,537.85 and after deducting $79,931.87 for depreciation, a net book value of $1,154,605.98. At the close of the year the indebtedness of the Laboratory consisted of $3,127.40 in accounts payable and $54,030.01 in mortgages on its real estate. Following is the balance sheet at the end of the year and the condensed statement of income and outgo for the year.
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