III.

We sailed to the South'ard

And nothing did we meet

Till we found three British frigates

And their West Indian fleet.

Old Whipple shut our ports

And crawled up near,

And shut us all below

On the Yankee Privateer.

So slowly he sailed

We fell to the rear

And not a soul suspected

The Yankee Privateer.

IV.

At dark he put the lights out
And forward we ran,

And silently we boarded

The biggest merchantman.

We knocked down the watch,

The lubbers shook for fear,She's a prize, without a shot, To the bold Privateer!

We sent the prize North

And dropped to the rear,

And all day we slept

On the bold Privateer.

V.

For ten days we sailed,
And, e'er the sun rose,
Each night a prize we'd taken
Beneath the Lion's nose.

When the British looked to see

Why their ships should disappear

They found they had in convoy

A Yankee Privateer.

But we sailed and we sailed

And never thought of fear; Not a coward was on board The Yankee Privateer.

VI.

The biggest British frigate

Bore round to give us chase, But though he was the fleetest, Old Whipple wouldn't race, Till he'd raked her fore and aft,

For the lubbers couldn't steer,Then he showed them the heels

Of the Yankee Privateer.

We sailed and we sailed

And we made good cheer

For not a British frigate

Could come near the privateer.

VII.

Then we sailed to the North,
To the town we all know,
And there lay our prize;
All anchored in a row.

And welcome were we

To our homes so dear,
And we shared a million dollars
On the Yankee Privateer.
We'd sailed and we'd sailed

And we made good cheer

We had all full pockets
On the bold Privateer.

VIII.

Then we each manned a ship
And our sails unfurled,

And we bore the stars and stripes

O'er the oceans of the world.

From the proud flag of Britain
We swept the seas clear,
And we earned our independence
On the Yankee Privateer!
Then, sailors and landsmen,

One more cheer!

Here is three times three

For the Yankee Privateer!

REPORT OF THE TREASURER.

IN compliance with the By-Laws the Treasurer of the American Antiquarian Society herewith submits his semiannual report of receipts and disbursements for the six months ending October 1, 1888.

By direction of the Finance Committee there has been carried to each fund, from the income of the investments for the past six months, three per cent. on the amount of the several funds April 1, 1888. A balance of income, amounting to about $400, has been carried to the reserved "Income Account," making it $938.91.

A detailed statement of the investments is given as a part of this report, showing the par and market value of the various stocks and bonds.

The total of the investments and cash on hand October 1, 1888, was $105,410.11, divided among the several funds as follows:

The income of the Tenney Fund for the past six months has been transferred to the Librarian's and General Fund.

The cash on hand, included in the following statement,

is $5,077.64.

The detailed statement of the receipts and disbursements for the past six months, ending October 1, 1888, is as follows:

Expenditure from the Fund for salaries and incidentals,..

1888, October 1. Amount of Fund,......

$18,050.44

52.75 541.51

$18,644.70

669.85

$17,974.85