THE RETROSPECT OF THE YEAR. 



167 



TREASURER'S REPORT. Receipts and expenditures of 

 the past year (condensed from account presented). 



RECEIPTS. 



For balance of last year's account $588 27. 



" legacy from the late Dr. J. A. Emmerton, . . . $10,00000 



" interest of the manuscript fund, 5956 



" " " " Derby Fund, 31 60 



Amount to be invested, $10,091 16 



" assessments of members, $90300 



" income of invested funds, 2,674 37 



" Sale of publications, 42505 



" amount from other sources, 175 91 



Net income, $4,178 33 



$14,857 76 



EXPENDITURES. 



By investment of legacy from Dr. J. A. Emmerton, . . $10,395 94 

 " amount added to deposit of manuscript fund, . . . 5956 



' " " " " " Derby fund, ... 31 60 



Amount invested, $10,487 10 



" salaries of secretary, assistant-librarians and janitor, . $1,765 00 



" cost of publications and printing, 1,052 94 



" cost of books, . 133 81 



" cost of fuel, 225 75 



paid Salem Athenaeum, portion of repairs and expenses, 279 28 



cost of postage, expressage, stationery, etc 24704 



premiums of insurance 3850 



city tax on barn 22 40 



annuities, accompanying legacies, 210 00 



Net expenses, $3,974 72 



Balance cash on hand, 395 94 



%14,857 76 

 June 14, 1889. Respectfully submitted, 



GEO. D. PHIFPEN, Treasurer. 

 Examined and approved, 



B. C. MANNING, Auditor. 



INVESTMENT OF THE FUNDS. 



For purposes of income, (cost), 



" occupancy, viz., " The Essex Institute Building," 



first cost, 



" repairs and improvements thereon, .... 

 The Ship Rock and land as on books, .... 



$61,227 96 



14,000 00 



14,370 69 



100 00 



$28,470 69 



Total investment, $89.698 65 



Salem, June 14, 1889. Examined and found to agree with the securities, 



R. C. MANNING, Auditor. 



