104 fS 



ENATE 



pointed in the pecuniary result. The cost of the whole exhibition as 



stated in the preceding; accounts, was $277 07 



And the receipts for admission into the garden, 373 00 



Which shows a balance in favor of the Institute of, $95 93 



It is proper, however, to deduct from this, the extra adver- 

 tising, and the cost of the additional premiums, which were 

 awarded to the competitors on the occasion, and which items 

 are included in the bills presented under their respective heads. 



The extra advertising was, $15 75 



And the cost of the premiums, 34 00 



49 75 



These deducted will leave a clear gain of $46 18 



It is scarcely necessary to add, for it is conceded by every one, 

 that the scene was never equalled, in magnificence, splendor, and 

 success, by any exhibition within the waters of the United States. 



There is a subject of great moment, which it may be proper to 

 advert to at this time. It relates to the place for holding our future 

 fairs. The lease which Mr. Niblo holds of the ground he now occu- 

 pies, will expire next year, and it is understood to be the intention of 

 the owners to sell the same for permanent improvement. When this 

 event occurs, we shall of course be deprived of that place. Where 

 similar or suitable accommodations can be procured has already been 

 a matter of earnest inquiry, for when Mr. Niblo advanced his terms 

 to the present high rate of $75 per day, the Managers endeavored to 

 find some other spot, but were unable to do so, and as a matter of 

 necessity, were constrained to accede to Mr. Niblo's terms, the loca- 

 tk)n being decidedly preferable to any other in the city. But when 

 the change above alluded to takes place, there will be no alterna- 

 tive but to abandon the Fairs, or to procure another location for hold- 

 ing them. 



There has already been some speculations as to the possibility of 

 the Institute's owning or possessing in its own right, a piece of 

 ground, with buildings adapted to all their wants, and thereby great- 

 ly extending the sphere of its usefulness. 



The Managers are aware that the present is a most unpropitious 

 time to suggest any project involving the expenditure of money; 

 neither have they matured any plan to offer for your consideration; 

 still, with the above named alternative staring them in the face, the 

 necessity of speedy action is so apparent, that they feel it to be their 

 duty to present it in an especial manner to your notice at this time. 

 It is easy to build castles in the air, and to imagine what might be 

 accomplished, if public liberality kept pace wuth our wishes and the 

 growing importance of our institution. 



Nothing is wanting but sufficient ground with suitable apartments, 



