18 TRANSACTIONS OF THE 



The finances show a degree of prosperity financially hitherto 

 unattained, and show that the Institute would have realized a 

 large surplus over and above all expenses. Retrenchments in ex- 

 pense had become the desire of each member, and never had it 

 been so practically carried out. To it we are indebted for the 

 fact that we are not compelled to ask of the Institute more than 

 $3,000 to pay our deficiency. Almost all our heavy bills of print- 

 ing, labor, repairs, carpenter's work, &c., had been balanced by 

 our receipts, — a thing unprecedented so early after the opening 

 of a fair. 



After mature deliberation, we found it to be utterly impossible 

 to award the premiums with any degree of certainty and satisfac- 

 tion. 



The exhibition of fat cattle, sheep, swine and poultry, adver- 

 tized to be held in the Crystal Palace, was held December 15, 16, 

 and 17, in the Tattersalls stables, corner of Sixth avenue and 

 Thirty-ninth street, — the best place the Institute could secure. 

 The exhibition, though small in numbers, compared favorably 

 with the best ^productions of the land in point of quality. 



We have had discouragements to overcome such as have never 

 fallen to the lot of a board of managers ; but we feel that the 

 storm is but the forerunner of the calm and sunshine. That 

 when its dark clouds disappear we shall, witness a renewed sun- 

 shine at the hands of those who are still our firm friends, and 

 who, though in the shipwreck have lost all, are still ready to 

 embark with us in a future undertaking, as we devote ourselves 

 to the protection and advancement of industry in the various 

 vocations of life. 



The unity of the Board has been broken. Those twenty-four 

 joyous minds that on the 26tli of February met in deliberation, 

 will meet no more on earth. The fiat has gone forth, and our 

 beloved brother, Cornelius Y. Anderson, in accordance with its 

 demand, has been summoned beyond the region of things earthly. 

 His wise counsels, his amiable manner, his tender affection, will 

 ever be remembered by the members of this board, and above all 

 that unfaltering faith, which .having guided him through life, was 

 to him a strong and sure defence in the hour of death. How 

 strongly doth circumstances of the past year remind us of the 

 uncertaint}^ of human things. That our lot is but for a season* 

 That in comprehending the depths of the science of the world 

 around us, we are but comprehending the designs of the eternal 



