American College of Surgeons - Yearbook (Chicago, IL)

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The Clinical Congress of the American College of Surgeons 3 In case of death all unpaid balances are cancelled. ENDOWMENT FUND hereby subscribe Five Hundred {$500) Dollars to the Endowment Fund of the American College of Surgeons, the amount to be paid in installments as follows: Date mount Date Amount Date Amount $ $ $ $ $ $ I further agree to pay interest on unpaid balances of this pledge at the rate of 5 per cent, per annum. Signed. Date. THE CLINICAL CONGRESS OF THE AMERICAN COLLEGE OF SURGEONS By the joint action of a committee appointed by the Clinical Congress of Surgeons of North America and of the Regents of the College, the Clinical Congress of Surgeons became on October 25, 191 7, the Clinical Congress of the American College of Surgeons. The following resolution effected the merger of these two organiza- tions: Whereas, the past presidents of the Clinical Congress of Surgeons were, on October 26, 1916, in Philadelphia, appointed as a Committee with power to act, to confer with the American College of Surgeons with a view to closer affiliation between these two organizations; and Whereas, the Regents of the College, in accordance with Section VI, Article 3 of the By-Laws of the College, constitute a governing board with power to act with regard to the proposed affiliation. Now, therefore. Be It Resolved, that it is the unanimous decision of the Com- mittee of the Clinical Congress of Surgeons of North America, as above stated, and of the Regents of the American College of Sur-

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2 American College of Surgeons manner was temporary and inadequate, and desiring to place the College on a sound financial basis, the Fellows voted in June, 1914, to raise an Endowment Fund of one million dollars. This plan provided that the Endowment should be invested in perpetuity and only the income used for the budget of the College. It developed later that the educational work of the College called for expenditures beyond the income provided by the interest of the Endowment, and the Fellows of the College, at the annual meeting held in Philadelphia in 19 16, voted that those who had not subscribed to the Fund should be assessed by annual dues of twenty-five dollars each. The full resolution provided : 1. That the initial Fellowship fee of the College is $100, pay- able upon notification of election to Fellowship. The initial Fellow- ship fee of candidates whose applications were filed at the executive oflSces of the College before November i, 1914, is $50. 2. That annual dues of the College are provided as follows: 1. That the annual dues of the Fellows of the College be $25, payable January i. 2. That all Fellows who have subscribed $500 to the En- dowment Fund of the College be exempt from annual dues. 3. That the total amount required of any Fellow in annual dues or other fees shall not exceed $500. 4. That the Board of Regents cancel the indebtedness of any Fellow of the College, without publicity, to whom, in its judgment, such dues are a hardship. 5. That no Fellow of the College be asked to contribute any fee whatever to the College either after sixty-five years of age or after he has retired from the active practice of surgery. More than half a million dollars has already been raised for the Endowment, and the Regents desire to bring the Fund up to one million dollars as rapidly as possible. A Fellow may become a life member of the College at any time by subscribing five hundred dollars to the permanent Endowment Fund. Subscription cards, similar to the illustrated form, may be obtained from the Secretary General of the College.

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4 American College of Surgeons geons in joint session, first, that for the welfare of the two organiza- tions the management and the control of the Clinical Congress of Surgeons shall be vested hereafter in the American College of Surgeons; second, that hereafter the Clinical Congress of Surgeons shall be known as the Clinical Congress of the American College of Surgeons with its invited guests. The past presidents of the Clinical Congress of Surgeons are Dr. Albert J. Ochsner of Chicago, Dr. Edward Martin of Phil- adelphia, Dr. George E. Brewer of New York, Dr. John B. Murphy of Chicago, Dr. Charles H. Mayo of Rochester, Dr. Fred B. Lund of Boston, Dr. John G. Clark of Philadelphia, and Dr. William J. Mayo of Rochester. Special Audit of Accounts Soon after this afiiliation had been effected, the President of the American College of Surgeons deemed it advisable to review the affairs of the College and of the Clinical Congress of Surgeons of North America in order that their organic union might start with full knowledge of the financial and business status of both organizations. He therefore appointed an Auditing Committee of five with authority to make this survey. This Committee met at the offices of the College on December 31, 191 7, and after a thorough examination of all the books, papers, and records con- cerning the business of the American College of Surgeons and of the Clinical Congress of Surgeons of North America, submitted the following report: We, the Auditing Committee of the American College of Surgeons, find the accounts of the American College of Surgeons and of the Clinical Congress of Surgeons correct in every re- spect, the methods of bookkeeping accurate, and proper vouchers and receipted bills on hand for all moneys paid out. No money has been spent without proper authority and only for value received. We desire to express to Dr. Franklin Martin, Secretary Gen- eral, our appreciation of the vision, courage, and sincerity with which he originated and developed the American College of Surgeons and the Clinical Congress of Surgeons of North