THE RETROSPECT OP THE TEAR. 103 



AUDITOR'S REPORT. 



The Auditor of the Essex Institute respectfully reports 

 that he has examined and approved all of the financial ac- 

 counts of the Institute for the year ending at this date. 



The account of the Treasurer shows 



RECEIPTS. 



Balance of previous account, $ 667 45 



Income from investments, assessments, sales of publications, photographs, 



etc 4,617 51 



Discount of Institute note for $2,500, 2,423 75 



$7,708 71 



PAYMENTS. 



General expenses, salaries, publications, etc., (5,440 75 



Annuities to beneficiaries under wills, 710 00 



Paid on account of note at Salem bank 1,00000 



Balance to new account 557 96 



$7,708 71 



It will be seen by these figures that the expenditures 

 of the past year exceeded the general income by a little 

 more than sixteen hundred dollars. 



The securities belonging to the Institute have all been 

 examined and found to agree with the schedule submitted 

 by the treasurer. 



They amount in the aggregate to the sum of $99,739.79 

 of which $28,470.69 is represented by the real estate, 

 $61,269.10 is invested in stocks, bonds and deposits in 

 savings banks, and $10,000 is on special deposit now 

 awaiting investment. 



The condition of the finances of the corporation bears 

 testimony to the faithful and skilful performance of his 

 duties by the treasurer. 



All of which is respectfully submitted, 



RICHARD C. MANNING, Auditor. 



SALEM, MAY 18, 1891. 



