No. 200.] 



41 

 PREMIUMS 



Awarded by the American Institute of the city of New- York, from 



1835 to 1845. 



The receipts of the repository are chiefly for membership, from the 

 annual fairs, and voluntary donations. The increase of contributions 

 of articles vs^hich the reports of the committees made to the managers 

 show, are four times as great as in former years; the palpable improve- 

 ment in their workmanship and quality, the increasing number of visi- 

 tors both at the repository and the fairs, the number and value of the 

 premiums, all show the American Institute is firmly estabHshed, stea- 

 dy and sure in its progress, uninfluenced by the vicissitudes that have 

 shaken other institutions to their foundations. It is a favorite institu- 

 tion of our people, and their determined support heretofore is a guar- 

 anty that it will continue to command their unfailing patronage while 

 it is conducted with integrity and ability. 



It will be seen by the receipts and disbursements of the Institute, 

 the last year, that more than two-thirds of the expenditures are made 

 on account of the Annual Fair, which continues about three weeks. 



This at first view, might seem extravagant, and those acquainted 

 with the large amount of receipts, have been at a loss to know the 

 purposes of such large expenditures. By the accounts of the last fair 

 it appears that the whole expenditures, were $8,507,95 cents. By 

 the same accounts, it will be seen that more than half that sum, viz : 



