ENDOWMENT FUNDS RECEIVED DURING THE YEAR 1888-89.

The Daniel Hand Fund for the Education
of Colored People, Securities
received, face value $1,000,894.25

Foltz Endowment Fund, Estate of Rev.
Benjamin Foltz. (Balance) 500.00

------------- $1,001,394.25


H.W. HUBBARD, Treasurer,
56 Reade Street, New York.

* * * * *


THE AMERICAN MISSIONARY ASSOCIATION--ITS PLACE AND WORK.

BY SECRETARY M.E. STRIEBY.

We commemorate the forty-third anniversary of the American Missionary
Association. During these years, its place and work have become somewhat
definitely settled, and I take this occasion to set forth the position
that it now holds in relation to its constituents, its sister societies,
and the great work providentially thrown upon it.