04 THE RETROSPECT OF THE TEAR. 



TREASURER'S REPORT. 



While it may be said that the duties of the Treasurer 

 of any institution are to take care of \vhat funds that in- 

 stitution has, it may not be out of place for me to call the 

 attention of the members and through them, the attention 

 of the general public, to the urgent need of the Essex In- 

 stitute, for a larger yearly revenue, to be devoted to the 

 general work of the institution, which as we all know is 

 founded on a remarkably broad basis, and will in future 

 years prove of priceless value to those who follow us. 



I have made a few comparisons of the figures at hand, 

 and find that the expenditures exceed the income by a 

 yearly average of about $1000, and it may be the best thing 

 for the Institute in the long run, that they do. For, if we 

 were running along smoothly and paying our way each 

 year, the feeling might be that we were not in need of 

 any more funds. But, on the other hand, if it is generally 

 known and commented upon, that we are doing a little more 

 each year, depending on the generosity of our kind friends 

 to help us out, it seems to me that our confidence will not 

 be misplaced, and that the necessary funds will be forth- 

 coming. 



Receipts and expenditures of the past year (condensed 

 from the account presented ) . 



RECEIPTS. 



Balance from last year's account, $ 515 90 



Assessments of members $ 83600 



Sales of publications, 54254 



Income of in vested funds, ........ 3,81396 



Inofime from other sources, 1,1-2950 



$6,322 00 



Interest from Five Cents Savings Bank to be funded, . 62 24 



$6,900 14 



