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National Gallery
4.

cost, to take, reclaim and own any picture for their collection, provided they exercise such option and right at any time during the five year period beginning ten years after the artist's death and ending fifteen years after this death, and, if such option and right is not exercised during such period, the picture shall remain and be the property of the institution to which it was first given." The selection of works to be purchased by this fund is entrusted to a committee of the National Academy of Design, of which Mr. Edwin H. Blashfield, President of the Academy, is chairman and C.C. Curran, secretary. During the year four paintings were purchased by this fund, two of which - "Grey Day" by W. Granville-Smith and "Evening Tide, California" by William Ritschel - were duly forwarded and are now on view in the Gallery; the others are "The Rapids" by W. E. Schofield, N.A., deposited in the Brooklyn Museum of Art, and the "Orange Bowl" by Anna Fisher, the assignment of which has not yet been announced. It is gratifying to know that by this bequest the Gallery is assured of a number of worthy additions each year.

During the year the Rev. Alfred Duane Pell continued to add to his collection of art objects presented and lent to the Museum and installed in the long room at the north end of the Gallery. The installation was not yet complete at the close of the year and is still unlabeled, but the importance of the varied and extensive gift is clearly apparent.

A number of paintings, very generously lent to the Gallery during this and previous years, were withdrawn. The list