No. 244.] 9 



rect, they certify it accordingly. These certified bills are then pre- 

 sented by the finance committee to the Institute at a regular meet- 

 ing, there read over, explained and passed ; an appropriation is then 

 ordered of the necessary amount to discharge said bills, and without 

 the formality of a previous appropriation, by a vote of the whole body, 

 no money can be taken from the treasury. 



The accompanying documents will indicate to the Legislature the 

 character and extent of the operations of the Institute since the last 

 annual report, and will also show that it has received from the public 

 not merely a continuation, but a large increase of patronage and con- 

 fidence. The judicious application of the pecuniary means supplied 

 by the Legislature and the public, being generally held the best evi- 

 dence of correct management, the annexed statement of receipts 

 and expenditures for the past year is therefore first submitted. The 

 amount embraces the period from the 1st of February, 1848, to 1st 

 of February, 1849. 



RECEIPTS AND EXPENDITURES. 



Receipts. 



To cash received from sales of tickets at 



Castle Garden, $17,265 00 



Less, counterfeit money, 30 00 



$17,235 00 

 To cash rent of stands in selling depart- 

 ment, 311 00 



$17,546 00 



To cash contributed by members, 1,807 00 



" interest on city stock, 570 00 



" " deposit in bank, 150 43 



To cash from Treasurer State of New- York, under act 



of May 5, 1841, 950 00 



$21,023 43 

 Balance on hand at the date of the last re- 

 port, February, 1848, 

 in city stock, $7,000 00 



Carried forward, $7,000 00 $21,023 43 



