268 



How the receipts can be increafe 1, or the expenditures diminished, or 

 both, is a subject for your careful consideration 



^ The amount of cash awards this year, to the present time, without 

 including any awards you may be called on to make at your present 



session, fur field crops and essays, is ._ $3,330 50 



52 silver medals, actual cost when engraved and ready for 

 delivery is from $4 50 to $5 UO each. At $4 60 the 

 52 medals would amount to $23 1 00, but by a rule 

 adopted last year, you say to each of the persons to 

 whom these medals are awarded, they can if they wish 

 take a set of silver spoons worth six dollars, instead of 

 the medal. Sixteen have already asked for spoons, and 

 14 of these have received spoons. All the others may 

 yet call for spoons, for there is no limit to the time; 

 therefore, in stating the amount of awards, the medals 

 should be estimated at $6 00 each ; at this price they 



would amount to 312 00 



Eleven butter knives at $3 UC, 33 00 



Amount in books, say 50 00 



Diplomas 30 00 



Total, $j,755 50 



Of this amount there has been paid in cash,. $1,200 00 



Spoons, 14 sets at 16 00, 84 00 



Books, say 40 00 



Diplomas, 30 00 



1,354 00 



$2,401 50 

 One medal pa'd, 4 50 



Leaving unpaid at this date the sum of $2,397 00 



Including silver ware, provided my calculations are correct. 

 The indebtedness of the Society for expenses incurred the 

 last year, aside from this amount is very small. But 

 there were 69 silver medals awarded last year, (1854;) 

 39 are yet due, and have to be purchased. Some to 

 ■whom medals were awarded last year, preferred to have 

 silver spoons instead, and I have made the exchange, es- 



