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Report of the Board of Directors of the American Academy of Political and Social Science for the Year Ending

December 31, 1923

I. REVIEW OF THE ACADEMY'S

ACTIVITIES

T is the source of very great gratification

to the members of your Board to be able to report notable progress during the year 1923 in the activities of the Academy. The vision of the founders of the Academy in organizing an institution entirely free from partisan affiliations for the consideration of our great national problems has placed the Academy in a position to perform with each year increasing national service. An ever widening group of our citizens is looking to the Academy for enlightenment, and even for guidance. With each year the influence of the Academy's publications is strengthened.

During the present year the Academy has held a series of national conferences, which have attracted widespread attention, and it is the hope of your Board that in the course of time all the Academy sessions will be in the nature of national conferences, bringing together the leading authorities from all sections of the country, and presenting the subjects under discussion from widely different viewpoints.

Your Board desires again to avail itself of the opportunity to express its deep appreciation of the devoted and unselfish service of the Editorial Council under the able leadership of its chairman-Dr. Clyde L. King. In the editing of special volumes, the council has secured the coöperation of experts from different sections of the country, and the Board desires to avail itself of this opportunity to express its appreciation to those who have undertaken the responsibility for the editing of these volumes.

As a tribute to the memory of Dr. Simon N. Patten, who was not only one of the founders of the Academy, but also contributed so much to the development of the Academy's work, your Board decided to establish a special memorial fund of at least $20,000-the income of which is to be used for special investigations, especially

those in which Dr. Patten was particularly interested. The total of cash pledges up to the present time amounts to $2,924.00. It is the hope of your Board that the full amount of $20,000 will be completed within a reasonable time.

The question of a permanent endowment fund has continued to receive the attention of your Board. We are anxious that this fund should represent the contributions of the members of the Academy, and we are, therefore, urging upon the members the desirability of making contributions, no matter how small, in order that this endowment fund shall represent the united effort of the Academy membership rather than the contribution of a few individuals.

It is increasingly evident that what the Academy needs is the opportunity to ap point a group of special research assistants or Fellows, who will devote all their time to the investigation of the economic and social problems to which the Academy is dedicated.

II. PUBLICATIONS

During the year 1923 the Academy published the following special volumes: Public Welfare in the United States (January).

The Direct Primary (March). Social and Economic Conditions in the Dominion of Canada (May).

America's Relation to the European Situation (July).

Prohibition and Its Enforcement (September).

Psychology in business (November).

III. MEETINGS

During the year that has just come to a close the Academy held the following sessions:

January 20, The Naval Policy of the United States.

February 24, The County Jail and the Treatment of the Criminal.

March 17, Internationalism-A Hope for the Future.

May 11 and 12, The Twenty-Seventh Annual Meeting-America's Relation to the European Situation.

November 16 and 17, The Price of CoalAnthracite and Bituminous.

November 30 and December 1, Sessions in Commemoration of the Hundredth Anniversary of the Monroe Doctrine.

IV. MEMBERSHIP

During the year 1923 the Academy received 1,269 new members and 140 new subscriptions, or a total of 1,409. The Academy lost 77 members by death; 675 by resignation; and 198 delinquent members and 97 subscriptions were dropped. The present membership of the Academy is 7,312 members and 1,432 subscriptions, making a total of 8,744.

V. FINANCIAL CONDITION

The receipts and expenditures of the Academy for the fiscal year just ended are clearly set forth in the treasurer's report. The accounts were submitted to Messrs. E. P. Moxey Company for audit, and copy of their statement is appended herewith. In order to lighten the expenses incident to the Annual Meeting a fund of $2,254 was raised. The Board desires to take this opportunity to express its gratitude to the contributors to this fund.

VI. CONCLUSION

Your Board is still giving careful attention to the matter of establishing Academy centers in the different sections of the country. We are conscious of the fact, however, that to undertake this larger work, it will be necessary greatly to increase the Academy's staff, and also to provide for a salaried director. The Academy now enjoys the services of a group of men who give their time and energy to the work without any compensation other than the satisfaction that comes from performing a service to the nation. If, however, Academy centers are to be established in different sections of the country, an administrative organization will

be necessary, far more elaborate than that which exists at present. Your Board would greatly appreciate the expression of opinion of the members of the Academy on this important step.

In conclusion, we desire to emphasize the importance of the more active participation of our members in the work of the Academy. With a membership distributed throughout every state of the Union, the Academy through the active interests of its members will be in a position greatly to strengthen its national influence.

EDWARD P. MOXEY & Co. Real Estate Trust Building, Philadelphia

January 17, 1924.

CHARLES J. RHOADS, ESQ., TREASURER, American Academy of Political and Social Science, Philadelphia, Pa.

Dear Sir:

We herewith report that we have audited the books and accounts of the American Academy of Political and Social Science for its fiscal year ended December 31, 1923.

We have prepared and submit herewith Statement of Receipts and Disbursements during the above indicated period, together with Statement of Assets as at December 31, 1923.

The Receipts from all sources were verified by a comparison of the entries for same appearing in the Treasurer's Cash Book with the record of Bank Deposits and were found to be in accord therewith.

The Disbursements, as shown by the Cash Book, were supported by the proper vouchers in the form of cancelled paid checks or receipts for moneys expended. These were examined by us and confirmed the correctness of the payments made.

The Investment Securities listed in the Statement of Assets were examined by us and were found to be correct and in accord with the books.

As the result of our audit and examination we certify that the statements submitted herewith are true and correct.

Yours Respectfully,

(Signed) EDWARD P. MOXEY & Co., Certified Public Accountants.

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