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dents, possessing the requisite means, to obtain a good medical education before the institution itself can offer the complete education which I have described.
It is, moreover, a charity which is of much value to poor women, as being the only one where they can obtain the aid of women physicians. We have only been able to keep a very small number of beds, but they are constantly occupied by a succession of patients, and we could fill a much larger number if we were able to support them. Our dispensary practice is constantly increasing.
We believe, therefore, that, quite independent of the broader work that may be ultimately accomplished, in its present shape as a charity to poor women, as a proof of women's ability to practice medicine, and as a medical centre for women, this institution is well worthy of support.
What we ask from those who are interested in the objects we have stated is to assist in raising a fund for endowment which shall place the institution on a secure foundation. It has hitherto been supported almost exclusively by the subscriptions of a few friends, who pledged themselves for certain sums during three years. It has been a principle of management distinctly laid down, that the infirmary should not go into debt or on credit; that every year's expenses should be collected in advance, and should never be allowed to exceed the sum in the treasury at its commencement. This rule will be steadily adhered to, and no extension of operations undertaken until the funds are actually collected for that purpose. But so long as we are obliged to collect the income by subscription only from year to year we are not able even to lease a house, or make any arrangement for more than one year, but are obliged to devote to the work of its material support the time and attention that should be given towards organizing and furthering the objects of the institution. New York is the true centre of medical education. One hundred and fifty thou-
