18 [AsSEMIlMf 



The Finance Comn;iltee, of which Mr. James Van Norden is chair- 

 man, have discharged their duty with the greatest attention. For a 

 statement of the receipts and expenditures of the Fair, see the report 

 of the trustees. 



The sum of $500 was appropriated by the Board to be awarded as 

 premiums in sums of from three to ten dollars, to apprentices and 

 minors, exhibiting work of their own of a meritorious character. A 

 number of these exhibitors were in competition and the sum of 

 $120.50 was awarded to twenty-two of those whose productions 

 were considered by the judges of competent merit. It is believed 

 that if this offer be continued it will be protluctive of much good as 

 an incentive to the youth of our country, to emulation in their differ- 

 ing occupations. When these premiums are more generally known,, 

 the competitors will be more numerous. It is hoped it may be con- 

 tinued by future boards. 



The expenses of the late Fair have been greater than those of any 

 previous one; but part of that expense, about $1,800, was incurred by 

 the erection of the building for machinery, and new shafting, pullies, 

 &c., which, however, is an investment of the Institute for succeeding 

 fairs, and will eventually be a saving. The shafts and pullies are per- 

 manently placed, thereby saving the expense of fitting up and removing 

 them at every fair, and are always ready for use when required. A 

 portion of the building is also used for the storage of the lumber and 

 other property of the Institute used at the fairs. 



The opening address was delivered at Castle Garden, by the Rev. 

 John O. Choules, of Newport, R. I., and was worthy of his well 

 known ability. The anniversary address was to have been made by the 

 Hon. Washington Hunt, but dangerous illness in his family prevented 

 the performance of his undertaking. The managers, at short notice, 

 were obliged to supply the place of Mr. Hunt; and fortunately ob- 

 tained the services of the Rev. Stephen H. Tyng, of this city, whose 

 very eloquent address met with pre-eminent success. The president, 

 the Hon. James Tallmadge, closed the fair with an extempore address 

 at Castle Garden, and then, as often before, ably commented on the 

 great subject of American Industry. 



The confidence of the public in the Institute, appears to increase, 

 if we may judge by the additional number of visitors and by the sa- 



