THE RETROSPECT OF THE YEAR. 153 
Treasurer's Report. — Receii)ts ;ind cxpeiRliturcs of 
the past year (condensed from the account presented). 
RECEIPTS. 
For balance of last year's account, • $3'.I5 '.)4 
" conditional donation I'rom Mrs. Savali A. Silver, . . $1,000 00 
" interest from Five Cents Savings Bank to be fuiulcd, . 4o 38 
$l,oi;5 3!? 
" assessments of members, $!S1() 00 
" income of invested funds, 3,084.53 
••' sale of publications, 623 04 
" amounts from other sources, 158 45 
Net income, $4,082 02 
$6, 121 34 
EXPENDITURES. 
By salaries of secretary, assistant librarians and janitor, $2,043 33 
" cost of books, periodicals and binding U55 71 
" "^ " publications and printing 1,220 23 
" " " fuel, 217 25 
'• " " gas and water, 75 42 
" " " repairs, 80 85 
'' " " tax on barn, 24 50 
" " " express, postage and sundries, .... 21642 
" paid Salem Athenjeum, portion of repairs and expenses, 166 SO 
" " annuities, obligations with legacies, . . . . 710 00 
Net expenses, $5,410 31 
By amount added to manuscript fund $32 88 
" " " " North bridge, monument fund, . . 10 50 $43 38 
Balance ou liand, 667 45 
$6,121 34 
May 19, 1890. Respectfully submitted, 
Geo. D. Phippen. Treasurer. 
Examined and approved. 
R. C. Manning, Auditor. 
INVESTMENT OF THE FUNDS. 
For the Essex Institute building $28,370 09 
" Ship Rock and land, 100 00 
" purpose of income, (;i,269 10 
Total investment, $89,739 79 
Salem, May 17, 1890. 
Examined and found to agree with the securities, 
R. C. MANNING, Auditor, 
