Report of tee Board of Managers. 17 



In making up the account it is manifestly jfroper to add to the net 

 receipts of money the value of other assets purchased this year by 

 the board and available for future exhibitions. 



The receipts will then stand as follows : 



Building on Third avenue, extension of machinery 



department on Second avenue, fencing, etc $6? 000 00 



Gas fitting and new gas brackets 600 00 



Steam fittings 1 , 500 00 



Decorations, good for next year 300 00 



Total $8 ,400 00 



Which, added to the net receipts of money, makes the total profit 

 to the Institute from the exhibition equal to $29,624.26. There is 

 still, however, some outstanding indebtedness, amounting to about 

 $2,500, which will reduce the profit to about $27,124.26. 



Besides the receipts above enumerated there were also received 

 during the exhibition : 



From five candidates for life membership, $40 each .... $200 00 

 From arrears of fees and dues from members 2,105 00 



Total $2,305 00 



A very thorough and satisfactory test was made of the comparative 

 economic value of the steam boilers exhibited. This was done by 

 agreement of the exhibitors themselves, and the mode adopted for 

 the test at the suggestion of the judges was different from any ever 

 before attempted in any country. 



The report upon this novel test will be presented to the Institute 

 when completed. 



The judges' reports have all been carefully classified by the several 

 department committees and confirmed by the necessary majority of 

 the Board of Managers. 



Great as has been the success of this exhibition, the management 

 feel confident that the contemplated National Industrial Exhibition 

 of 1872 will be still more pecuniarily successful. 



In closing their report the Board desire to impress upon the Insti- 

 tute the necessity of securing without delay a suitable place for future 

 industrial exhibitions ; and they would also suggest to their succes- 

 sors in management the importance of issuing the usual official 

 announcement for the next exhibition at the very earliest possible 

 [Inst.] 2 



