Report of the Board of Managers. 17 



Bronrrht forward $7,^ 242 88 



Gas-light 'reflectors 150 00 



To this must be added the amount paid for insuring the 



al)ove named property 228 T5 



And for printing applications for space at the exhibition 



of 1870 ^ 95 00 



$7,710 63 



The financial statement shows tliat the Managers have 



paid into the treasury of the Institute. . . . ." $15,000 00 



And that they have a jjalance of 120 96 



Making . $15,120 96 



From this should be deducted the estimated cost of 



medals, engravings, diplomas and penmanship thereon 1,000 00 



Leaving $11:, 120 96 



To this sum should be added the amount drawn from 

 tlie present exhibition, to pay for property to be used 



in the next, as already detailed 7,716 63 



Making a total of $21 , 837 59 



There M-as also received from 296 candidates for mem- 

 bership $1 , 825 00 



And from members for arrears of dues 1 , 320 0r> 



$3,145 0<i 



A large proportion of which would not have been received, if an 

 exhibition had not been held. A detailed account of the receipts 

 and expenditures made by the Board, which have been submitted 

 with the vouchers to the Finance Committee, in accordance with 

 article ten, section twenty -two of the by-laws. 



ORESTES CLEYELAXD. THOMAS EITTTER. 



WILLIAM H. BUTLER. THOMAS HICKS. 



THOMAS McELRATH. SAMUEL I). TILLMAX. 



J. GROSHOX HERRIOT. SAMUEL R. WELLS. 



CIIAS. WAGER HULL. EDWARD RICHMOND. 



NATHAN C. ELY. WILLIAM E. PEARSE. 



WM. S. CARPENTER. JOSEPH B. LYMAN. 



GEORGE TIMPSON. WALTER SHRIYER. 



CHARLES K. IIAWKES. J. Y. C. SMITH. 



JAMES KNIGHT. J. TRUMBULL SMITH. 



New YoiiK, Felruary 3(7, 1870. 

 [Inst.] 2 



