14 Transactions of the American Institute. 



have been generally exhausted in endeavors to procui'e suitable quar- 

 ters, preparing them for occupanc}'', introducing motive power, mak- 

 ing its proper connections with machinery, and constructing various 

 devices for the accommodation of exhibitors and visitors, which at 

 the end of six weeks are nearly worthless. The difference between 

 the amount paid for material and labor in preparing for the exhibi- 

 tion, and the amount received for such material sold at its close, or 

 in other words the loss resulting from these temporary preparations, 

 has generally been large enough to equal the interest on the cost of 

 an exhibition building, without including the value of the land which 

 such a structure would occupy. 



The Board of Managers would, therefore, in conclusion direct the 

 attention of the Institute to the importance of making permanent 

 provisions for its annual expositions. 



OEESTES CLEVELAND, GEO. PEYTON, 



JAMES KNIGHT, WM. H. BUTLER, 



NATHAN C. ELY, GEO. SIMPSON, 



GEO. FRANCIS DAWSON, CHAS. K. HAWKES, 

 HENRY J. NEWTON, EDWARD RICHMOND, 



J. GROSHON HERRIOT, SAMUEL D. TILLMAN. 

 New Yoek, February 4, 1869. 



