94 



THE RETROSPECT OF THE YEAR. 



EXPENDITURES. 



Salaries of secretary, ass't librarian, and janitor, 



Publications and printing, 



Books, binding and miscellaneous printing, 



Fuel, gas, stationery, express and incidentals, . 



Salem Athenaeum, per agreement, 



Salem Athenaeum, service of librarian, . . . 



Annuities (with legacies), 



1,920 

 1,330 47 



623 20 



354 29 



300 

 50 



160 



Income short of expenses 



Received legacy from estate of Martha G. Wheatlaud, . . 10,000 



extra Dividend Pepperell Manf. Co. Cr. same account, 800 



" legacy from estate of Esther C. Mack, . . . 4,000 



14.800 



Investment oflegacy of M. G. Wheatland, 



Balance on hand at close of account, 



4,737 96 



332 78 



10,008 25 

 4,458 97 



$14,800 00 



May 16, 1887. 



Respectfully submitted, 



Examined and approved, 



R. C. MANNING, Auditor. 



GEO. D. PHIPPEN, Treasurer. 



The above legacies increase the interest-bearing funds of the Institute to about 

 $ 50,000, exclusive of the cost of the Daland House, and its improvements. 



The Institute has a right to be congratulated on the suc- 

 cess of the past year as well as on the bright prospect for a 

 prosperous future. The new building so long hoped for is 

 now ready for occupancy and will, it is believed, fully re- 

 alize the anticipations of the friends of the project. It is 

 the intention of the Directors to open the building for the 

 inspection of members that they may see for themselves 

 the new house which the liberality of their friends has 

 made it possible for the Institute to purchase. Already 

 an increase in membership shows that the public is ready 

 to encourage and sustain the society in its new departure 

 and a much larger accession of members may be expected 

 as the increased advantages, which the new building ena- 

 bles the Institute to offer, shall be made known. 



