American College of Surgeons - Yearbook (Chicago, IL)

Page 27 text:

The Endowment Fund 3 similar to the illustrated form, may be obtained from the Director General of the College. In case of death all unpaid balances are cancelled. ENDOWMENT FUND I hereby subscribe Five Hundred Dollars {$506) to the Endowment Fund of the American College of Surgeons, the amount to be paid in install- ments as follows: Date Amount 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 afl liation 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 affliation. Now, therefore.

Page 26 text:

2 American College of Surgeons first meeting. Realizing that the income to be derived in this 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 1916, 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 offices 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 eith er 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,

Page 28 text:

4 American College of Surgeons 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- 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 CUnical 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. REQUIREMENTS FOR FELLOWSHIP Immediately after the organization of the College the Board of Regents authorized the appointing of Committees on Creden- tials. These Committees consist of the Central Committee which reports its recommendations for Fellowship directly to the Regents, and of State and Provincial Committees which report to the Central Committee. In a separate bulletin the requirements for admission are pub- lished in detail. Briefly stated, these requirements are as follows: 1. The candidate shall be a graduate in medicine, licensed to practice medicine in his respective state or province, or accepted as a medical officer in the service of his country. 2. To be eligible for Fellowship without technical examination the candidate shall be a graduate of a medical school approved by the American College of Surgeons. If the candidate ' s school of graduation is not accredited by the American College of Surgeons, he may be required to pass a technical examination in one subject or all subjects of the medical curriculum.