146 THE RETROSPECT OF THE YEAR. 



A quiet and uneventful, although a useful and prosper- 

 ous year for the library leaves little to be said in the an- 

 nual report. The influence of the Institute broadens, and 

 its work is appreciated more and more as the years go by. 

 Let us see to it that there is no halt in its progress. 

 Chas. S. Osgood, 



Librarian. 



Treasurer's Eeport. 

 Eeceipts and expenditures of the past year (condensed 

 from the account presented). 



RECEIPTS 



Balance of last year's account, $10,557 96 



Discount of note, $2,500 00 



Interest from Five Cents Savings Bauk to be funded, . 58 6G 



$2,558 66 



Assessment of members, $774 00 



Income of invested funds, 3,589 07 



Sale of publications, 889 51 



Amounts received from other sources, 140 13 



Ket income, $5,392 71 



$18,509 33 



EXPENDITURES. ^^^^"^^^ 



Salaries of secretary, assistant librarians and janitor, $2,232 75 



Cost of books, periodicals and binding .... 819 45 



" " publications and printing .... 1,379 26 



'« " fuel, 181 50 



Paid for gas and water, 42 66 



" " repairs 151 79 



" " insurance, 30 00 



" " interest on note, 45 75 



" " our proportion of Salem Athenreum expenses, . 226 57 



" " express, postage and sundries, .... 287 29 



" annuities (obligations of legacies) .... 71000 



$6,107 02 



" note, 1,500 00 



Investment of legacy from estate Mrs. Nancy D, Cole, . 10,327 75 



Interest added to manuscript fund, 51 82 



" '* " North Bridge monument fund, . . 6 84 58 66 



Balance of cash on hand, 515 90 



$18,509 33 



May 16, 1892. Respectfully submitted, 



William O. Chapman, Treasurer. 

 Examined and approved, 



(signed) Geo. D. Phippen, Auditor. 



