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A History of the First Half-Century of the National Academy of Sciences: 1863-1913 (1913)

Chapter: APPENDIX VI TEXT OF BEQUESTS AND TRUSTS

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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Page 361
Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Page 362
Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Page 363
Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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Suggested Citation:"APPENDIX VI TEXT OF BEQUESTS AND TRUSTS." National Research Council. 1913. A History of the First Half-Century of the National Academy of Sciences: 1863-1913. Washington, DC: The National Academies Press.
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APPENDICES 359 appointed by the president to determine whether the same should be published by the academy. X. Memoirs shall date, in the records of the academy, from the date of their presentation to the academy, and the order of their presentation shall be so arranged by the secretary that, so far as may be convenient, those upon kindred topics shall follow one another. XI. Papers from persons not members read before the academy and intended for publication shall be referred at the meeting at which they are read to a com- mittee of members competent to judge whether the paper is worthy of publication. Such committee shall report to the academy as early as practicable, and not later than the next stated session. XII. The annual report of the academy may be accompanied by a memorial to Congress in regard to such investigations and other subjects as may be deemed advisable, recommending appropriations therefor when necessary. XIII. The proper secretary shall acknowledge all donations made to the academy, and shall report them at the next stated session. XINT. The books, apparatus, archives, and other collections of the academy shall be deposited in some safe place in the city of Washington. A list of the articles so deposited shall be kept by the home secretary, who is authorized to employ a clerk to take charge of them. XV. A stamp corresponding to the corporate seal of the academy shall be kept by the secretaries, who shall be responsible for the due marking of all books and other objects to which it is applicable. Labels or other proper marks of similar device shall be placed upon objects not admitting of the stamp. XVI. The treasurer is authorized to defray, when approved by the president, all the proper expenses of committees appointed to make scientific investigations at the request of departments of the Government, and in each case to look to the department requesting the investigation for reimbursement to the academy. O ~ ~ _ ~ _ _ ~ . . . . Rival. Nominations for membership should state the full name, residence, the official position, and the special scientific studies of the candidate. A form of nomination shall be prepared by the home secretary. X\TIII. Ballots for election of members may be sent by sealing them up in a blank envelope, and inclosing this in another, across the back of which is written the name of the sender, and which is addressed to the home secretary; such envelopes will be opened only by the tellers. XIX. All discussions as to the claims and qualifications of nominees at meet- ings of the academy will be held strictly confidential, and remarks and criticisms then made may be communicated to no person who was not a member of the academy at the time of the discussion. XX. Any rule of the academy may be amended, suspended, or repealed on the written motion of any two members, signed by them, and presented at a stated . ~ , l

360 APPENDICES session of the academy, provided the same shall be approved by a majority of the members present. XXI. The fiscal year of the academy shall end on December 3~ of each year. XXII. The annual reports of the committees on research funds shall, so far as the academy has authority to determine their form, give a current number to each award, stating the name, position, and address of the recipient, the subject of research for which the award is made, and the sum awarded; and in later annual reports the status of the work accomplished under each award previously made shall be announced, until the research is completed, when announcement of its completion and, if published, the title and place of publication shall be stated, and the record of the award shall be reported as closed. By a resolution adopted January ~a, ~864, the president is ex officio a member of all government committees of the academy.

APPENDIX VI TEXT OF BEQUESTS AND TRUSTS THE ALEXANDER AGASSIZ FUND The will of Professor Agassiz contains the following clause: I give to the National Academy of Sciences at Washington the sum of Fifty Thousand Dollars ($50,000) for the general use of the said Academy. THE A. D. BACHE FUND The will of Alexander Dallas Bache, dated March ~8, ~862, contains the fol- 1 e ~ owlng provisions: Item. As to all the rest and residue of my Estate, including the sum of Five thousand dollars placed at the disposal of my wife in case she should not desire to make any dis- position of the same, I direct my executors hereinafter named to apply the income thereof after the death of my wife according to and under the directions of Joseph Henry of Washington, Louis Agassiz and Benjamin Peirce of Harvard College, Massachusetts, to the prosecution of researches in Physical and Natural Science by assisting experimentalists and observers in such manner and in such sums as shall be agreed upon by the three above- named gentlemen, or any two of them, whom I constitute a Board of Direction for the application of the income of my residuary estate for the above objects, after the death of my said wife. The class of subjects to be selected by this Board, and the results of such observations and experiments, to be published at the expense of my Trust Estate under their direction out of the income thereof but without encroaching on the principal. In case of the death or inability to act of all or any of the three gentlemen I have named in my wife's lifetime, My will is that she shall supply their places in the Board of Direction by an Instrument of writing either testamentary or otherwise, desiring that in the selection of the persons, to administer the income of the trust funds hereby created, she will have regard to the selection of persons whose attention has been directed to the same branches of science as those I have named and so that each of the Departments of Physics, Mathematics, and Natural History shall be represented in the Board. In case of any vacancy occurring in the Board of Direction after its organization and after the death of my wife, by reason of the death inability or refusal to act or resignation of any of its mem- bers, my will is that the surviving or remaining member or members for the time being shall have power to fill vacancies so occurring in the Board by the selection of other person or persons to fill such vacancies and so on from time to time as vacancies shall occur. My intention being that the Board of Direction shall have power to continue its existence and to filling all vacancies occurring in their body from time to time I direct that a minute of their proceedings be kept, and that the appointment of any member by the Board shall be notified in writing to the trustees for the time being of my residuary estate. In the event of any failure of the Board for the time being to direct the application of the income of my said residuary estate, or to continue its existence by filling vacancies occurring in their 36r

362 APPENDICES body, my will is that the application of the income thereof for the purposes and objects declared in this clause of my Will, shall be made by the Trustees, under the direction of The American Philosophical Society of Philadelphia. Item.- I hereby nominate and appoint my friends, Peter McCall, Esq., and Morton P. Henry, Esq., of the City of Philadelphia, and the survivor of them, to be the executors of and trustees under this my last will and Testament. CODICIL, JULY Is, 1863. Item.—I give and devise to my sister Sally Franklin Wainwright the house purchased by me situated No. 396 Arrest Twentieth Street, in the City of Washington, between G and H Streets to be held and enjoyed by her during the term of her natural life. After her death I direct the said house shall pass with the residue of my Estate (subject to a life estate of my wife Nancy Clarke Bache therein in case she should survive my sister) to . . . . ~ . . _ . . . . . . 'the N ational Academy of Sciences, upon the '['rusts set forth as to the said residue of my estate. ;' ~ ~ i, ~ ~ ~ ~ ~ ~ ~ ~ ~ Item. My will is that upon the death of my wife all the rest and residue of my Estate shall be paid over to and vest in the corporation of The National Academy of Sciences incorporated by Act of Congress, passed the Third day of March, A. D. ~863, whom I hereby appoint Trustees in the place of my said Executors under the Fourth clause of my said will to apply the income according to the directions in the said clause contained to the prosecution of researches in Physical and Natural Science by assisting experimentalists and observers in such manner and in such sums as shall be agreed upon by the Board of Direction in the said clause named. My will further is that in case of any failure of the Board for the time being to direct the application of the income of my residuary estate or . ~ ~ ~ to continue its existence by filling vacancies occurring in their body, the application of the income thereof for the purposes and objects declared in the said clause shall be made under the Direction of The National Academy of Sciences instead of The American Philosophical Society of Philadelphia. In all other respects the said application of the income to the purposes aforesaid to be made by the same persons and under the same rules as I have pre- scribed in the said clause of my will. Duly sworn to before Saml. Lloyd, February z7, x867, in the city and county of Phila- delphia. The last will and testament of Nancy Clarke Bache is as follows: I hereby, in pursuance and exercise of the power of appointment contained in the last will and testament of my husband, Alexander Dallas Bache, devise, bequeath, and appoint the sum of five thousand dollars of the principal of the estate of my said husband, over which I have ~ power of appointment by his will, to be paid by his executors, or by such person or persons as shall hold the principal of the estate at my death, to my nephew, Henry Wood B. ache, absolutely; and I hereby request my nephew, in case he should die unmarried and without issue, to make such a disposition of this amount by will as will secure it to be paid at his death to the National Academy of Sciences, at Washington, to be held by that corporation upon the same trusts and for the same purposes as are declared by my husband in his will as to the residue of his estate after my death. I expressly desire, however, that it shall be understood that this request shall not be construed into any direction which would interfere with his full control of the principal, which is to be paid into his hands directly.

APPENDICES 363 Second. I hereby direct the house, No. z624 Chestnut street, in which I now reside, to be sold by my executor, hereinafter named, within a reasonable time after my death, either at public or private sale, and after deducting from the purchase money any debts or expenses connected with the sale and the administration of my estate, which, with the cash on hand or other orooertv which I may own or possess at my death, shall be sufficient to satisfy, I MA ~ r--r---~ '' ~~~ ~ ~~~ - ' ~ direct my executor to pay over the net proceeds to the National Acauemy or Sciences, ar Washington, to be held by that corporation as trustees in trust to apply the income thereof to the prosecution of researches in physical and natural science, according to the directions contained in the last will and testament of my husband as to the residue of his estate after my death in the same manner as if all the directions contained in the last will and testament of my husband and in the codicil thereto were herein repeated at length; my object being to make precisely the same disposition of the proceeds of this house as was made by my husband of his residuary estate after my death. - Third. I direct all the medals and diplomas of my husband, and the large photograph of him now in my possession, to be deposited and remain with the National Academy of Sciences. I have made a memorandum of the disposition of certain other articles, which I desire shall be carried into effect as if contained in this will. I appoint Morton P. Henry, of Philadelphia, executor of this my last will and testament. CODICIL, APRIL z9, ~869. Item. I hereby direct my executor to pay out of the proceeds of the sale of my said house, No. ~624 Chestnut street, Philadelphia, which I have directed to be sold, the sum of five hundred dollars to my nephew, Henry Wood Baehe, for his clown use and benefit. I further direct my executor to invest five thousand dollars of the proceeds of sale of said house in his own name as trustee in such securities as he may think proper, and to pay the income thereof to my nephew, Henry Wood Bache, during his natural life. After the death of my nephew, I direct that the principal of the said sum of five thousand dollars shall go to the National Academy of Sciences, at Washington, in trust for the same uses and n''rnose~ as are declared as to the proceeds of sale of said house by my said will. I expressly declare that the above bequests to Henry Wood Cache are In addition to the five r—-rig A thousand dollars I have appointed to him out of my husband's estate. Item.—I hereby declare that the balance of the proceeds of the sale of my said house shall go, after paying and providing for the above legacies, as is set forth and declared in my said will, which in all other respects I hereby republish and declare as my last will and testament. Sworn and subscribed before John Campbell, deputy register, in the city and county of Philadelphia, January 20, T870. THE CYRUS B. COMSTOCK FUND Know all men by these presents, that I, Cyrus B. Comstock, of the City of New York, to advance knowledge in electricity, magnetism and radiant energy, by the giving of money prizes for important investigations or discoveries in those subjects, have given, assigned, transferred and set over, and do by these presents give, assign, transfer and set over unto the National Academy of Sciences, incorporated by the Act of Congress approved March 3rd, z863, and its several supplements, and hereinafter designated as the Trustee, and unto its successor or successors, ten clot Union Pacific Railroad Company Registered First Mortgage and Land Grant Four Per Cent Gold Bonds, Numbers B 588, B 663, B 993, B 994, B Cot, B z204, B ~282, B z290, B ~30g, B z369, each for $~,ooo, and my check for Four hundred Dollars ($400.00), bearing even date herewith and payable to the order of the National Academy of Sciences.

364 APPENDICES To have and to hold the same unto the said National Academy of Sciences, its successor or successors in trust and upon the following conditions, to wit: First. The Trustee shall keep said sum of Four hundred Dollars ($400.00), and said bonds, or the proceeds thereof and all additions thereto, as a separate fund, to be known as the " Cyrus B. Comstock Fund." Second. The Trustee shall have power at any time in its discretion to sell said bonds or any of them and execute a proper assignment thereof to the purchaser or purchasers, and shall invest the proceeds thereof and all moneys forming a part of said fund, and keep the same invested in such securities and in such manner as its constitution shall provide for the investment of its property or as shall be authorized by law for the investment of trust funds. Third. The Trustee shall collect the income arising from said fund and apply the same as follows: (~) The market value of the fund shall be maintained at not less than Ten thousand Dollars ($zo,ooo), and any and all depreciation therein shall be made up out of the income of the fund before any part of such income shall be applied as hereinafter provided. But when, by the additions hereinafter authorized and directed, the principal of the fund shall have been increased in the amount of Five thousand Dollars ($s,ooo.), then and thereafter the market value of the fund shall be maintained in the manner aforesaid at not less than Fifteen thousand Dollars ($~s,ooo.). At) The balance of the income of said fund shall be set aside and accumulated, and out of such accumulations the Trustee shall award once for every five years a prize in money to the bona fide resident of North America, who, not less than one year nor more than six years before the awarding of the prize, shall have made in the judgment of the Trustee the most important discovery or investigation in electricity or magnetism or radiant energy. Such prize shall be known and designated as the " Comstock Prize," and shall be in an amount equal to about two-thirds of said balance of the income of said fund for the five years for which the award shall be made, and shall be paid to the person to whom the prize shall have been awarded at such time as may be convenient to the Trustee, but the awarding thereof shall be entirely and in all respects in the discretion of the Trustee. If no such discovery or investigation shall be deemed by the Trustee to be worthy of the prize, or if for any other reason the prize shall not be awarded for any period of five years, then and in that event the money which might have been awarded shall be added to the principal of the fund and become a part thereof; but the Trustee may in its discretion use the whole or any part of the amount unawarded for any five years in aiding such investi- gation or investigations as the Trustee shall deem worthy in electricity, magnetism or radiant energy to be made by a bona fide resident or residents of North America; Provided, however, that the prize shall not be diverted to give such aid oftener than once in fifteen years. (3) The balance of the income so accumulated, less the amount to be awarded as a prize, as provided in the preceding section, shall be added to the principal of the fund and become a part thereof and subject to the terms and conditions herein contained, as though such additions had been part of the original donation; Provided, however, that when the market value of said fund shall have been increased to Fifteen thousand Dollars ($~s,ooo.), the amount of the prize may be increased in the discretion of the Trustee to more than two- thirds of the net income as above provided. Fourth. Upon the failure or inability of the Trustee, its successor or successors, to carry out the said trust upon the terms and conditions above set forth, said fund together with all accumulations and unexpended income shall revert to me, the said Cyrus B. Comstock, if then living; if dead, to my heirs-at-law who shall then be living, per stirpes and not per capita.

APPENDICES 365 In witness whereof, I, the said Cyrus B. Comstoek, have hereunto and unto a duplicate hereof, set my hand and seal this twenty-seventh day of November, one thousand nine hundred and seven. CYRUS B. COMSTOCK. Sworn and subscribed before Monchure March, notary public, in the city and county of New York, November 27, z907. Know all men by these presents that the National Aeademy of Sciences, the Trustee named in the foregoing instrument, hereby acknowledges the receipt from the said Cyrus B. Comstoek of said ten (zo) Union Pacific Railroad Company Registered First Mortgage Railroad and Land Grant Four Per Cent Gold Bonds, Numbers B 588, B 663, B 993, B 994, B z~c,6, B 1204, B 1282, B 1290, B Cog, B 1369 each for $z,ooo, duly assigned to the said National Academy of Scienees as Trustee under the foregoing instrument, and his check for Four hundred Dollars ($400.00), payable to the order of the National Aeademy of Seienees; and that, by authority of its Council, the said Trustee hereby accepts and agrees to hold the same in trust and upon the terms and conditions above set forth. And the said National Aeademy of Seienees hereby constitutes and appoints Ira Remsen its true and lawful attorney, for it and in its name to acknowledge this instrument, and a duplicate hereof, to be its act before any person having authority to take such aeknowledgzuent. In witness whereof, the said the National Academy of Seienees has caused its corporate seal to be hereunto and unto a duplicate hereof affixed, and these presents, and a duplicate hereof, to be signed in its name by its President and Treasurer this thirtieth day of November, one thousand nine hundred and seven. NATIONAL ACADEMY OF SCIENCES. By IRA REMSEN, President. S. F. EMMONS, Treasurer. Sworn and subscribed before John R. Hooper, notary public, in the city of Baltimore, State of Maryland, December 4, agog. THE HENRY DRAPER FUND The text of the deed of gift is as follows: Know all men by these presents that I, Mary Anna Palmer Draper of the City, County and State of New York, in consideration of the premises, and of the aeeeptanee of the within trust by the National Aeademy of Seienees and also in consideration of divers other good and valuable considerations, we, the said Mary Anna Palmer Draper hereto moving, have given, granted, assigned, transferred and set over and by these presents do give, grant, assign, transfer and set over unto the said National Aeademy of Scienees and to their successors forever, a certain fund or sum of Six thousand dollars with the interest and income thereof To have and to hold the same in trust nevertheless upon the special trusts and for the uses and purposes following, to wit: First. In trust to invest and to reinvest the said sum of Six thousand dollars and to keep the same invested in good and safe securities, or in such other manner as shall be, in their opinion, best for the preservation and maintenance of said fund. Second. In trust to use the interest, and income thereof for the purpose of striking a gold medal which shall be called the " Henry Draper Medal," shall be of the value of Two hundred dollars, and shall be struck in a die to be selected and presented to said National Aeademy of Seienees by me, the said Mary Anna Palmer Draper. And the said medal shall be awarded and presented, from time to time, by the said National Aeademy of Scienees, to any person in the United States of America or elsewhere who shall make an original investi- 25

366 APPENDICES gation in astronomical physics the results of which shall be made known to the public, such results being in the opinion of the said National Academy of Sciences of sufficient impor- tance and benefit to science to merit such recognition, provided however that said medal shall not be presented or awarded more frequently than once in two years, and provided also that the investigation for which it is awarded or the completed publication thereof shall have been made since the time of the last preceding award and presentation of said medal. Third. In trust that if discoveries of equal importance shall be made in astronomical physics at or about the same time in the United States of America and also in some other part of the world, each of which discoveries might in the opinion of said Academy entitle the discoverer to be considered as a competitor for said medal, preference shall be given in the awarding thereof to discoveries made by a citizen of the said United States of America. Fourth. In trust that if the said die shall at any time be lost, destroyed, broken, or in any manner rendered unfit for the purpose of striking the said medal, a new die shall be prop cured exactly similar to the one so selected and presented as aforesaid, and shall be paid for out of the interest and income of said fund; and such sum or sums of money as shall at any time or times be necessary for the proper care, custody and protection of the said die or of the said fund hereby given, shall also be taken from and out of the interest and income of the said fund whenever the same shall be deemed necessary by the said National Academy of Sciences. Fifth. In trust that, if at any time or times the interest or income of the said trust fund of Six thousand dollars shall exceed the amount necessary for the striking of said medal, and the care of the said die and of the fund, such surplus over or above the sum or sums so rquired for the purposes of the trust as hereinbefor-e recited and set forth shall be used in such manner as shall be selected by said National Academy of Sciences in aid of investiga- tions and work in astronomical physics to be made and carried on by a citizen or citizens of the United States of America. And the said National Academy of Sciences cloth signify its acceptance of the said fund of Six thousand dollars, and cloth engage to hold and manage the same upon the trusts and for the uses and purposes herein mentioned and set forth. In Witness whereof, I, the said Mary Anna Palmer Draper have hereunto set my hand and seal, and the said National Academy of Sciences bath hereunto caused its corporate seal to be affixed and these presents to be subscribed by its President, this thirteenth day of April, in the year eighteen hundred and eighty-three. MARY ANNA PALMER DRAPER, [SEAL.] O. C. MARSH, [SEAL N. A. S.] President National Academy of Sciences. Sealed and delivered in presence of Edward H. Dixon, Mornay Williams, as to Mary Anna Palmer Draper. Witnesses to signature of President Marsh: J. H. C. Coffin, Asaph Hall, Saml. H. Walker. Executed and acknowledged before Mornay Williams, Notary Public, New York Co. Acknowledgment of officer of the Academy before Saml. H. Walker, Notary Public, Dist. of Columbia. THE WOLCOTT GIBBS FUND MY DEAR PROFESSORS JACKSON AND LOEB: May I beg you to present to those from whom I received, a few days since, so signal a mark of friendship and good will my heartiest, most earnest, and most grateful acknowl- edgment? The address which I received on my seventieth birthday, signed by more than zoo friends, pupils, and assistants, brings who now join to offer me more than mere ~ - , ~ ~ back my youth in recalling the names of those good wishes to cheer my advancing age. Their

APPENDICES 367 active friendship has taken the form which was most acceptable to me—that of an endow- ment to assist research in my own branch of science; so that I can feel that in a certain sense my power to work will not terminate with my life. As the generosity of my friends permits me also to dispose of the manner in which the endowment shall be administered, I submit to them, through you, the plan which seems to me best adapted to carry out their wishes- a plan which has been fully tested in somewhat similar cases and found to work well in practice. I therefore propose that the fund raised for endowment shall be given to the National Academy of Sciences, to hold the same in trust and to invest and reinvest as may be necessary or advisable. The income or interest of the fund shall be administered by a board of directors consisting of three persons, of whom at least two shall be members of the academy. The first board shall consist of Charles Loring Jackson, Thomas M. Drown, Ally ~l" Ill ~1lU 111C ulrecrors snail nave power to fill vacancies in their own number, notifying the academy of their action without delay. In case of the deaths of all the mem- bers of the board, their places shall be filled by persons holding professorships of chemistry, to be appointed by a vote of the academy. The directors shall make an annual report to the academy, stating the condition of the fund and the appropriations made during the year. They shall have absolute and entire control of the disposition of the income of the fund, employing it in such manner as they may deem for the best interest of chemical science. It is my belief that the above or a similar arrangement is the best which can be made that is to say, the one which is most likely to be of permanent benefit to science. I trust that it will meet with the approbation of those who have honored me with their confidence and their regard. _ __ ~ T ~ ~ e , Sincerely, yours, NEWPORT, March I, I89~. THE BENJAMIN APTHORP GOULD FUND WOLCOTT GIBBS. Know all men by these presents that I Alice Bache Gould of the City of Boston and County of Suffolk, State of Massachusetts, in consideration of the acceptance of the within Trust by the National Academy of Sciences and also in consideration of divers other good and valuable considerations have given granted assigned transferred and set over and by these presents do give grant assign transfer and set over unto the said National Armed ~f Sciences and its successors forever a certain fined or film of taunter th~l,~anr1 {~^ ^~\ ~ ~ ~ ^_ ~ v ~ ~ ~ \ ~~~ and ~ , .. . . . . dollars with the interest and income thereof to have and to hold the same in trust neverthe- less upon the special trusts and for the uses and purposes following, to wit: First. In trust, to invest and reinvest the said sum of twenty thousand dollars ($20,000.) and to keep the same invested under the ordinary rules governing trustees in good and safe securities in such manner as shall be deemed best for the preservation and main- tenance of such fund, which shall be known as the "-Benjamin Apthorp Gould Fund," in memory of my father, the late Benjamin Apthorp Gould. of Cambridge. Massachusetts. Second. In trust to use the net interest and income thereof according to and under the direction of Lewis Boss of Albany New York Seth C. Chandler of Cambridge Massachusetts and Asaph Hall of Washington D. C. whom I hereby constitute a Board of Directors for the application of the income of the said Benjamin Apthorp Gould Fund, for the prosecution of researches in astronomy, by assisting such observers and investigators in such manner and in such sums as shall be agreed upon by the three above-mentioned persons or their successors or by a majority of the then Board. The Board of Directors however instead of expending all the income of the" Fund for the purposes aforesaid may from time to time Rote that such portions thereof as they may prescribe shall be added to the principal of the said Fund, and such portion shall then be so added by the Trustees and all such sums once so added shall remain part of the principal.

368 APPENDICES The Board of Directors shall make an annual report to the National Academy of Sciences giving such information concerning the Fund as shall be desired by the said Academy. In case of any vacancy occurring in the Board of Directors by reason of the death, inability or refusal to act or resignation of any of its members, then the surviving or remaining members or member for the time being shall have power to fill any vacancy so occurring in the Board by the selection of another person or persons to fill the same, and so on from time to time as vacancies shall occur provided however that at least two of the three directors shall always be members of the National Academy of Sciences. But if at any time the three Directorships of the Board shall simultaneously be vacant, then the National Academy of Sciences shall have power to fill these vacancies and the new Board of Directors in this as in all other cases shall succeed to all the rights duties and privileges of the former board. Provided however that if at any time the said Academy from any cause whatever shall cease to exist or in case at any time any modification of its rights or powers shall be made by any action other than that of the said Academy itself and such modification shall be fol- lowed within six months thereafter by a vote of the then Board of Directors approving the passing and transfer hereinafter mentioned, then and in all of such cases the said Fund together with all accumulations and unexpended income thereof shall pass and be trans- ferred to the said Board of Directors who shall thereafter exercise the functions of both Directors and Trustees, and the said National Academy shall no longer thereafter act as Trustee, and shall have no power of appointing Directors and none of the Directors need be members of the said National Academy; and furthermore after such transfer and passing the said Directors may at any time appoint any other persons or corporation as Trustees, reserving to themselves their powers and duties as Directors, and the Fund shall thereupon pass to such new Trustees to be held upon the same trusts upon which it is hereby given to the National Academy of Sciences, the principal with its accumulations to be always held intact and the income applied as shall be best for the advancement of astronomy and for the honor of my father's memory. And the said National Academy of Sciences cloth hereby signify its acceptance of the said Fund of twenty thousand dollars ($zo,ooo.) and cloth engage to hold the same upon the trusts and conditions, and for the uses and purposes herein mentioned and set forth. In witness whereof I the said Alice Bache Gould have hereto set my hand and seal and the said National Academy of Sciences has caused its corporate name and seal to be hereto affixed by Wolcott Gibbs its President "hereunto duly authorized this seventeenth (~7th) day of November in the year eighteen hundred and ninety seven (~897~. ALICE BACHE GOULD. [SEAL.] WOLCOTT GIBBS. President of the National Academy of Sciences. W. W. Vaughan, witness to Alice Bache Gould. O. C. Marsh, witness to Wolcott Gibbs. J. M. Crafts, witness to Wolcott Gibbs. C. B. Comstock, witness to Wolcott Gibbs. TO THE BOARD OF DIRECTORS OF THE BENJAMIN APTHORP GOULD FUND. GENTLEMEN: Believing that elaborate legal restrictions upon the uses of a perpetual fund may often under changing circumstances hinder the accomplishment of the general intention of the donor, I have in the deed creating the Benjamin Apthorp Gould Fund defined its uses as briefly as possible, namely, as " for the prosecution of researches in astronomy." Nevertheless I wish hereby to record with you some personal preferences, based upon what I believe would have been my father's opinions regarding the best use of such a Fund, l

APPENDICES 369 expressly stating however that this letter is not intended to restrict the action of the Board of Directors more than shall in their judgment be expedient and fitting. First. My object in creating the Fund is two-fold; on the one hand to advance the science of astronomy, and on the other to honor my father's memory and to insure that his power to accomplish scientific work shall not end with his own life. Second. Throughout my father's lifetime his patriotic feeling and scientific ambition were closely associated, and I wish therefore that a fund bearing his name should be used primarily for the benefit of investigators in his own country or of his own nationality. I r`~rtn~ni~.e however that ~r~metimec the heat: possible service to American science is the _ . . ~ ~ · ~ . . ~ · . · ~ ~ ~ _ _ _ ~ r A ~ ~ maintenance or close communion between tne scenic men or Europe ana or America ana that therefore even while acting in the spirit of the above restriction it may occasionally be best to apply this money to the aid of a foreign investigator working abroad. In connection with this I must refer to the strong interest felt by my father in the National Academy of Sciences, and to his belief in the importance of creating and maintain- ing a single national scientific body whose preeminence should be unquestionable, and of concentrating power in its hands. I wish to recommend that all three Directors shall be members of the Academy, although I have made this legally necessary for only two of the three, and to record the desire to serve the Academy so far as I am able as one of my minor motives in creating the Trust. Third. I have copied many of the provisions of the Bache Fund, and it is my hope that the Boards of Direction of the two Funds may always act in friendly unison, as befits the long and intimate friendship of the men whose work they perpetuate. I trust that the new Fund may relieve the Bache Directors of many astronomical expenses, and thus enable them to devote the same amounts of money to other branches of science. And I recommend the adoption of a custom now followed by the Bache Board of Directors, by which each Director upon his own election names to his colleagues the person whom he believes most fit to succeed him. Fourth. I wish that in all cases work in the Astronomy of Precision should be distinctly preferred to any work in Astrophysics, both because of my father's personal preference and because of the present existence of generous endowments for Astrophysics. Fifth. The Astronomical Journal long conducted by my father has in my belief exerted a powerful influence in raising the standard of American astronomy; and in case at some future time its existence should be imperiled by lack of funds, I wish to recommend it to the attention of the then Board of Directors. As however I believe that the granting to any scientific journal of definite rights over such a Fund would be a dangerous precedent, I here repeat that the Directors are not to consider themselves bound by these my present wishes further than they deem appropriate in connection with a journal associated with my father's name. Sixth. The Benjamin Apthorp Gould fund is intended for the advancement and not for the diffusion of scientific knowledge. Moreover I prefer that it should be used to defray the actual expenses of an investigation rather than for the personal support of the investi- gator during the time of his researches. I do not wish absolutely to exclude the latter im- portant use, but such an employment of funds seems to me more appropriately the function of a university than of the National Academy, and I hope therefore that before granting money for such a purpose the Directors will consider the existing university endowments and , other sources of pecuniary aid for able workers in science. Finally I wish to express my entire faith in the wise judgment of the first Board of Directors and my sense of my own good fortune in being able to intrust a memorial of my father to the hands of men who have been both his scientific associates and his intimate personal friends. BOSTON, November 17, 1897. ALICE BACHE GOULD.

37O APPENDICES THE JOSEPH HENRY FUND The " Joseph Henry fund " of $40,000 was contributed by " Fairman Rogers, Joseph Patterson, George W. Childs, A. J. Drexel, F. A. Drexel, Charles H. Rogers, l. G. F`ell, Isaac Lea, Asa Packer, John Welsh, William Blanchard, lames Lenox, The Executors of the Estate of John C. Green, Mrs. John C. Green, Robert L. Stuart, Miss C. L. Wolfe, William Libbey, E. N. Dickerson, Cyrus W. Field, Thomas A. Scott, Wm. W. Corcoran, George P. Wetmore, Thomas H. Powers, I. S. Morgan, T. Pierpont Morgan, I. V. Williamson, John W. Garrett, Charles S. Coxe, Cyrus H. McCormick, I. E. Caldwell, Wm. Weightman, Alexr. Brown, Henry C. Gibson, T. Donald Cameron, Samuel M. Melton, Henry H. Houston, Nathaniel Thayer, John L. Cadwalader, and .T- F. Navarro "- as an expression of the donors' respect and esteem for Prof. Joseph Henry's personal virtues, their sense of his life's great devotion to science with its results of important discoveries, and of his constant labors to increase and diffuse knowledge and promote the welfare of mankind. This sum of $40,000 the contributors caused to be invested in certain securities, and to be deposited with and held by the Pennsylvania Company for Insurance of Lives and Granting Annuities in Trust, which company was required to collect the income thereon from time to time, and to pay over the same to Prof. Joseph Henry during his natural life, and after his death, to his wife and daughters, and after the death of the last survivor " to deliver the said fund and the securities in which it shall then be invested to the National Academy of Sciences, to be thenceforward forever held in trust by the National Academy of Sciences under the name and title of ' the Joseph Henry fund,' the principal to be forever held intact and the income to be from time to time applied by the said National Academy of Sciences in its sole discretion to assist meritorious investigators especially in the direction of original research." THE JOHN L. LECONTE FUND The will of Professor Le Conte contains the following clause: In case all my said children shall die before my said wife without lawful issue, then I direct the whole income to be paid to her during her natural life and upon her death or in case my said children shall all die after my said wife without lawful issue and intestate, the whole of my said Estate shall be distributed as follows: I give and bequeath unto ~ ~ ~ the National Academy of Sciences incorporated by Act of Congress of the United States of America the sum of Twenty-five thousand dollars ($25,000~. THE MORRIS LOEB BEQUEST The will of Morris Loeb. signed January II, I9I2, contains the following clause: " SEVENTEENTH: I give and bequeath to the National Academy of Sciences in Wash- ington, in the District of Columbia, the sum of Two thousand five hundred Dollars as a contribution toward the Wolcott Gibbs Fund, founded in ~89~."

APPENDICES 37I THE 0. C. MARSH FUND The will of Professor Marsh contains the following clause: " I give, devise, and bequeath to the corporation known as the National Academy of Sciences, in Washington, D. C., the sum of $~o,ooo, as a trust fund, the income to be used and expended by it for promoting original research in the natural sciences." THE JOHN MURRAY FUND This fund came to the Academy in the form of a personal letter to the Home Secretary, as follows: To ARNOLD HAGUE, ESQ., Secretary of the National Academy, Washington, D. C., U. S. A. MY DEAR HAGUE: I enclose you a cheque for $6000 ( £~33) which sum I trust the National Academy will accept from me, for the purpose of founding an Alexander Agassiz gold Medal, to be awarded for original contributions in the Science of Oceanography to scientific men in any part of the world, whenever and as often as the President and Council may deem desirable. Yours very sincerely, ~ Signed ) JOHN MURRAY. THE BELLEWE-STRATFORD, Philadelphia, 22 April, 1911. THE J. LAWRENCE SMITH FUND Know all men by these presents, that I, Sarah Julia Smith, of the City of Louisville, and County of Jefferson, State of Kentucky, in consideration of the premises and of the acceptance of the within trust by the National Academy of Sciences, and, also, in consid- eration of divers other good and valuable considerations, I, the said Sarah Julia Smith, hereto moving, have given, granted, assigned, transferred, and set over, and by these presents do Rive, e;rant, assign, transfer, and set over unto the said National Academy of Sciences and to their successors forever, a certain fund or sum of Eight thousand dollars with the interest and income thereof, to have and to hold the same in trust nevertheless- upon the special trusts and for the uses and purposes following, to wit: First. In trust to invest and to reinvest the said sum of Eight thousand dollars, and to keep the same invested in good and safe securities, or in such other manner as shall be in their opinion best for the preservation and maintenance of such fund. Second. In trust to use the interest and income thereof for the purpose of striking a gold medal which shall be called the " Lawrence Smith Medal," shall be of the value of Two hundred dollars in gold, and shall be struck in a die to be selected and presented to the said National Academy of Sciences, by me, the said Sarah Julia Smith. And the said medal shall be awarded and presented from time to time, by the said National Academy of Sciences, to any person in the United States of America or elsewhere who shall make an original investigation of meteoric bodies the results of which shall be made known to the public, such results being in the opinion of the said National Academy of Sciences of suffi- cient importance and benefit to science to merit such recognition, provided, however, that said medal shall not be presented or awarded more frequently than once in two years, and pro- vided, also, that the investigation for which it is awarded or the completed publication thereof shall have been made since the time of the last preceding award and presentation of said medal.

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A History of the First Half-Century of the National Academy of Sciences: 1863-1913 Get This Book
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The National Academy of Sciences is the third oldest American institution, being established after the Smithsonian Institute and the American Association for the Promotion of Science. The Academy dates back to 1863, right in the midst of the American Civil War. Fortunately for the time, the Academy was vital to the development of the war in favor of the Union through its establishment of much needed scientific advancements and insight tantamount to those of the academies in Great Britain and the rest of Europe despite the involvement of science's most primary men. Since then, the Academy has served as a scientific adviser to the government, an adviser greatly appreciated by the government. The Academy's recommendations have been adopted, its findings accepted, and its investigations used to better advance the nation as a whole.

A History of the First Half-Century of the National Academy of Sciences: 1863-1913 (1913) illustrates the Academy's history from its creation to the appointment of Woodrow Wilson as president. The book features a detailed look into the founding and forming of the Academy; the annals of the academy including the classifications of membership in 1892; lists of those involved with the Academy including officers and foreign associates; the Academy's publications, and more.

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