14 Teansactioxs of the American Institute. 



and President of the Is'ational Association of Wool Manufacturers, 

 •who pointed out the true course to be pursued for the encourage- 

 ment of the production of wool and for its conversion into useful 

 fel)rics. The fifth was by the Rev. Dr. Barnard, President of Col- 

 umbia Colleoje and United States Commissioner at the International 

 Exposition of 1867 held at Paris, who gave an interesting account of 

 the novelties he saw at that exposition, and who gratified his audi- 

 tors bj the statement that although the display in the American 

 department was not large, it contained a majority of the most useful 

 and ingenious inventions, and attracted more attention from Euro- 

 peans than any other part of the exposition. The sixth was by 

 Britton Richardson, Esq., vrho gave an unexpectedly favorable report 

 of the progress of the silk industry in the United States, and fur- 

 nished abundant proof that, with proper encouragement, it will yet be 

 able to supply the home demand for silk goods. The last two 

 addresses were made by the President of the Institute and the Cliair- 

 man of the Board, on the closing night, before the reading of the 

 awards. They expressed in glowing words the congratulations of the 

 Board at the complete success of the thirty-eighth exhibition. 



The receipts and expenditures of the exhibition have been as 



follows : 



Receipts. 



From treasurer of the American Institute, appropriated, 

 Total receipts at the doors, including 



season, mechanics and school tickets. 



Entry fees 



Stands, privileges, restaurant, catalogue, 



6zc 



Exhibitor's pullies 



Exhibitor's extra gas consumed .... 

 Third and Second avenue railroads . 

 Sales of sundries 



Amount to be accounted for $01 ? 1G5 52 



EXPENDITUKES. 



Committee on Location. 



Rent of building $6,000 00 



Ground rent of lots 100 00 



Insurance on building and 



property '. 1 , 183 T5 



$7,283 75 



Carried forward $7,283 75 $61,165 52 



