180 THE EARLY HISTORY OF [CHAP. IV. 



CHAPTER IV. 



THE PROGRESS OF THE INSTITUTION TO THE RESIGNATION 



OF PROFESSOR YOUNG. 



1801 to 1803. 



WITH THE LIFE OF DR. THOMAS YOUNG. 

 1773 to 1829. 



IN 1801 Count Rumford continued to carry out his 

 plans at the Institution. In February he engaged Mr. 

 Humphry Davy as Assistant Lecturer on Chemistry, 

 Director of the Chemical Laboratory, and Assistant 

 Editor of the Journals. On March 11 Davy arrived 

 at the Institution and took possession of his situation, 

 and in April he began to lecture. 



In this month the managers decided to build five 

 new bed-rooms, forming the south attics, equalising 

 the height of the house. 



Sir John Hippesley declined to continue the treasurer- 

 ship. He drew up the following abstract of accounts 

 from the commencement to April 30 of this year: 

 Receipts, 19,2571. 8s.; Expenditure, 12,6012. 2s. Id.; 

 Consols, costing 4,47 1. 5s. ; Balance at Banker's, 

 2,185. Os. lid.; Debts due, 4,400. : making a dis- 

 posable sum of between 10,OOOL and 1 1,000. ' Now, as 

 all bills are paid, there are sufficient grounds to hope 



