102 



THE RETROSPECT OF THE YEAR. 



Treasurer's Report. 

 Receipts and expenditures of the past year (condensed 

 from the account presented). 



RECEIPTS. 



For balance of last year's account, 

 '' assessments of members, 

 " income of invested funds, . 

 " sale of publications, 

 " amounts from other sources, . 



cash hired on note of the corporation, 



Net income 



$813 00 



3,121 86 



468 78 



213 87 



$667 45 



4,617 51 

 1,423 75 



$6,708 71 



EXPENDITURES. 



By salaries of secretary, assistant librarians and janitor, 

 " cost of books, periodicals and binding, . 



" " " publications and printing, . . . . 



(i n <c re p a j r8 aru j improvements, . 



" paid Salem Athenaeum, yearly portion of expenses, , 

 " cost of fuel, gas, water, postage, express, etc., 



Net expenses, 



By paid annuities, obligations with legacies, 



$2,198 60 

 395 15 

 1,656 59 

 486 44 

 166 22 

 537 75 



Total of expenditures, 

 By balance on hand, 



$ 5,440 75 

 710 00 



6,150 75 

 557 96 



$6,708 71 



investment of the funds. 



For the Essex Institute building, $28,370 69 



" Ship Rock and land, 100 00 



Real estate, $28,470 69 



For stocks, bonds and securities, 61,269 10 



'* legacy from the estate of the late Mrs. Nancy D. Cole, on 



deposit not yet invested, 10,000 00 



Income earning, 71,269 10 



Total, $99,739 79 



SALEM, MAY 18, 1891. 



Geo. D. Phippen, Treasurer. 



Securities and vouchers examined and approved. 



R. C Manning, Auditor. 



