Overseers Meeting

At the meeting of the Board of Overseers which was held at 50 State street, Boston, yesterday morning, it was voted to concur with the Corporation in making the following appointments from September 1, 1902: Irving Babbitt, A.M., Assistant Professor of French for five years; Walter Bradford Cannon, M.D., Assistant Professor of Physiology for five years; Gilbert Newton Lewis, Ph.D., instructor in Chemistry for three years. William Sturgis Bigelow, Arthur Tracy Cabot and J. Templeman Coolidge, Jr., were appointed trustees of the Boston Museum of Fine Arts for one year from January 1, 1903, in pursuance of the prerogative given the overseers to appoint three trustees.

The annual reports of the President and the Treasurer were presented to the Board. The summary of the Treasurer's report shows that the University as a whole has completed the past year with an excess of receipts over expenditures of $43,602.36. The excess for the College is $213,106.65, while that of the Law School is $42,346.76. The account of the Medical School, on the other hand, shows a deficit of $1,014.59, that of the Dental School of $4,386.51, and that of the Library of $15,513.50. The Observatory shows a balance of receipts of $33,678.12, and the Arnold Arboretum of $43,595.92. The gross receipts for the year were $4,788,956.47, and the gross payments $3,793,953.23, leaving a net increase of funds and balances of $995,003.24.