102 THE RETROSPECT OF THE YEAR. 



TREASURER'S KEPORT. 



Receipts and expenditures of the past year (condensed 

 from the account presented). 



RECEIPTS. 



For balance of last year's account, $66745 



" assessments of members, $81300 



" income of invested funds, 3,121 86 



" sale of publications, 468 78 



" amounts from other sources 213 87 



Net income 4,617 51 



' cash hired on note of the corporation, 1,42375 



$6,708 71 



EXPENDITURES. 



By salaries of secretary, assistant librarians and janitor, . $2,198 60 



" cost of books, periodicals and binding, 39515 



" " " publications and printing, 1,656 59 



ii i< repairs and improvements, 486 44 



" paid Salem Athenaeum, yearly portion of expenses, . . 166 22 



" cost of fuel, gas, water, postage, express, etc., . . . 537 75 



Net expenses, $ 5,440 75 



By paid annuities, obligations with legacies, .... 710 00 



Total of expenditures, 6,150 75 



By balance on hand, 557 96 



$6,708 71 



INVESTMENT OF THE FUNDS. 



For the Essex Institute building, $28,370 69 



" Ship Bock 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, MAT 18, 1891. 



GEO. D. PHIPPEN, Treasurer. 



Securities and vouchers examined and approved. 



B. C. MANNING, Auditor. 



